advantages of pebs over traditional building is driving the Steel Building Market in Middle East and Africa
Technavio analyzes that the Steel Building Market in Middle East and Africa is expected to grow at a CAGR of 4.01% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 268.87 million.There are various factors that contribute to the growth of the market. The Middle East and Africa steel building market witness a significant shift towards Pre-Engineered Buildings (PEBs) due to their numerous advantages over traditional construction methods. PEBs offer faster construction times, reduced material wastage, and increased structural efficiency. Their modular design allows for easy customization and flexibility, making them an ideal solution for large-scale projects. Furthermore, PEBs provide superior resistance to seismic and wind loads, making them a preferred choice in regions with extreme weather conditions. The use of advanced technology in PEB manufacturing ensures superior quality and durability, resulting in long-term cost savings.
In the Middle East and Africa (MEA) region, including countries such as the United Arab Emirates (UAE), Saudi Arabia, and Turkey, rapid urbanization and infrastructure development are driving a significant demand for new structures. Pre-engineered steel buildings (PEBs) are gaining popularity due to their speed of construction and cost-effectiveness, making them an attractive option for governments seeking to complete projects expeditiously. These structures offer flexibility and strength, making them suitable for various applications, including religious institutions, barns, storage units, schools, sports facilities, and indoor practice areas. Furthermore, governments' focus on sustainable construction practices and green building initiatives aligns with the environmental benefits of steel buildings, which are known for their durability and resistance to environmental factors. For instance, the Dubai Metro, developed by the Roads and Transport Authority (RTA), utilized pre-engineered steel for its infrastructure due to its robustness and resistance to harsh environmental conditions.
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Steel Building Market in Middle East and Africa Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
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The Middle East and African steel building market offers versatile and customizable structures for various applications, including industrial warehouses, secure storage solutions, and agricultural buildings. These buildings provide strength, durability, and protection from elements, making them ideal for commercial retail spaces, office buildings, multi-story complexes, workshops, and even aircraft hangars. Residential uses include garages, carports, churches, and religious institutions, as well as barns and storage units. Steel buildings offer flexibility and safety, with options for customizable designs, making them suitable for schools, sports facilities, indoor practice areas, and more. Metal building construction delivers durability, low-maintenance, and a safe environment for all these applications.
The steel building market in Middle East and Africa (MEA) is a significant segment of the global construction and engineering industry. This market comprises companies specializing in non-residential construction, including engineering service providers and Engineering, Procurement, and Construction (EPC) contractors. Key applications for steel buildings in MEA include versatile construction for industrial warehouses, secure storage solutions, strength and durability for agricultural buildings, and protection from elements for commercial retail spaces. The market's growth is driven by increasing investment in urban infrastructure, necessitating the expansion of transportation, communications services, and utilities such as water and electricity.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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