Steel Building Market In MEA- Roadmap for Recovery from COVID-19 | Advantages of PEBs Over Traditional Buildings to Boost Market Growth | Technavio
Technavio has been monitoring the steel building market in MEA and it is poised to grow by USD 1.39 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
Based on segmentation by product, which is the leading segment in the market?
The PEB segment is expected to be the leading segment based on product in the global market during the forecast period.
What are the major trends in the market?
Growth in construction and infrastructure sectors is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of over 6%, the incremental growth of the market is anticipated to be USD 1.39 billion.
Who are the top players in the market?
Al Shahin Co. for Metal Industries, Astra Industrial Group, Building System Integration Ltd., Mabani Steel LLC, Salam International Investment Ltd., Tamimi Group, Vibgyor International FZ LLC, Wsteel Structures Ltd., Yusuf A. Alghanim & Sons WLL, and Zamil Industrial Investment Co. are some of the major market participants.
What are the key market drivers and challenges?
Advantages of PEBs over traditional buildings is one of the major factors driving the market. However, the low awareness and limited design flexibility in residential sector will restrain market growth.
How big is the Middle East market?
The Middle East region will contribute 69% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Al Shahin Co. for Metal Industries, Astra Industrial Group, Building System Integration Ltd., Mabani Steel LLC, Salam International Investment Ltd., Tamimi Group, Vibgyor International FZ LLC, Wsteel Structures Ltd., Yusuf A. Alghanim & Sons WLL, and Zamil Industrial Investment Co. are some of the major market participants. The advantages of PEBs over traditional buildings will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Steel Building Market in MEA 2020-2024: Segmentation
Steel Building Market in MEA is segmented as below:
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The steel building market in MEA report covers the following areas:
Steel Building Market Size in MEA
Steel Building Market Trends in MEA
Steel Building Market Analysis in MEA
This study identifies growing construction and infrastructure sectors as one of the prime reasons driving the steel building market growth in MEA during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Steel Building Market in MEA 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist steel building market growth in MEA during the next five years
Estimation of the steel building market size in MEA and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the steel building market in MEA
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of steel building market vendors in MEA
Table of Contents:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Market characteristics
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook
Market size and forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product
PEB - Market size and forecast 2019-2024
HRSS - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by End-user
Market segments
Comparison by End-user
Industrial - Market size and forecast 2019-2024
Commercial - Market size and forecast 2019-2024
Residential - Market size and forecast 2019-2024
Market opportunity by End user
Customer landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
Middle East - Market size and forecast 2019-2024
Africa - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Volume driver - Demand led growth
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Al Shahin Co. for Metal Industries
Astra Industrial Group
Building System Integration Ltd.
Mabani Steel LLC
Salam International Investment Ltd.
Tamimi Group
Vibgyor International FZ LLC
Wsteel Structures Ltd.
Yusuf A. Alghanim & Sons WLL
Zamil Industrial Investment Co.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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