Egypt Prefab Wood Buildings Market Size (2024 - 2029)

The market size for prefab wood buildings in Egypt is poised for growth, driven by the need for sustainable development in the housing sector. Despite traditional construction methods dominating, there is a push towards adopting prefabricated techniques to address the significant backlog in affordable housing. The Egyptian government's development vision underscores the importance of enhancing the housing industry with a focus on affordability and speed. The COVID-19 pandemic disrupted the construction industry, but the market is expected to recover and expand during the forecast period.

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Market Size of Egypt Prefab Wood Buildings Industry

Egypt Prefab Wood Buildings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.00 %
Market Concentration Low

Major Players

Egypt Prefab Wood Buildings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Egypt Prefab Wood Buildings Market Analysis

The egypt's prefab wood buildings market is expected to register at a CAGR of 6% during the forecast period.

  • Prefabricated building techniques emerged as a crucial tool for achieving sustainable development in the construction of dwellings worldwide. However, in a limited sense, similar techniques are still employed in housing construction in Egypt.
  • One of the key pillars supporting Egyptian economic growth is the housing development industry. Therefore, the nation's prosperity can benefit from any progress in this industry.
  • The Egyptian vision for development 2030 strongly emphasized the need to advance the house construction industry under sustainability principles. The three main criteria for strengthening this sector are affordability, implementation speed, and timeframe. It is because there is a 7 million unit backlog in affordable housing.
  • For a long time and till today, Egyptian house construction relied mostly on the structural classic concrete cast-in-situ and masonry techniques. Traditional on-site construction techniques are the most widely used and successfully implemented. These systems' construction processes are heavily dependent on the on-site workers' activities, and every aspect of construction is carried out there.
  • The coronavirus COVID-19 outbreak significantly influenced the prefabricated building business. The state of the global economy was greatly disturbed, impacting investments in cutting-edge technology like precast concrete. Construction firms suffered a tremendous loss due to the activities suspension, impacting the market for prefabricated buildings. During the projected period, the market is anticipated to exhibit a V-recovery pattern following COVID-19.

Egypt Prefab Wood Buildings Industry Segmentation

Prefabricated wood construction kits are built from prefabricated parts delivered and fitted on-site, making them resemble life-size Legos. The most popular method for achieving this is the use of prefabricated panels, which can be used to construct entire portions of a building, including glazing packages, roofing components or structure (ceiling, decking, and beams), and building structure (wall panels, beams, columns, and shear paneling).

The Egypt Prefab Wood Building Market is segmented by panel systems (Cross-laminated timber (CLT) panels, Nail-laminated timber (NLT) panels, Dowel-laminated timber (DLT) panels, and Glue-laminated timber (GLT) columns and beams), application (single-family residential, multi-family residential, office, hospitality, and others). The report offers market size and forecast for Egypt's Prefab Wood Building Market in value (USD) for all the above segments.

By Panel Systems
Cross-laminated timber (CLT) panels
Nail-laminated timber (NLT) panels
Dowel-laminated timber (DLT) panels
Glue-laminated timber (GLT) columns and beams
By Application
Single Family Residential
Multi-family Residential
Office
Hospitality
Others
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Egypt Prefab Wood Buildings Market Size Summary

The prefab wood buildings market in Egypt is poised for growth, driven by the country's focus on sustainable development in the construction sector. Despite traditional reliance on concrete and masonry techniques, there is a growing recognition of the need for more efficient and sustainable building methods. The Egyptian government's Vision 2030 emphasizes the importance of affordability, speed, and sustainability in housing development, addressing a significant backlog in affordable housing units. The market is expected to recover and grow steadily following the disruptions caused by the COVID-19 pandemic, which had a substantial impact on the construction industry due to halted activities and supply chain issues. Urbanization continues to drive demand for construction projects, offering opportunities for growth despite economic challenges such as currency devaluation and inflation.

The construction industry in Egypt is characterized by a fragmented market with numerous domestic and international players competing for market share. Companies are adapting to the rapidly evolving technological landscape by enhancing their value propositions to maintain competitiveness. The market is also influenced by environmental concerns, as buildings are significant contributors to the country's CO2 emissions. This has led to a focus on integrating renewable energy systems and greening initiatives within building designs. Recent developments, such as contracts for projects in Saudi Arabia and investments in modular construction facilities, highlight the region's potential for expansion and innovation in prefab building technologies.

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Egypt Prefab Wood Buildings Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Suppliers

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Government Regulations and Initiatives

    7. 1.7 Technological Trends

    8. 1.8 Brief on Different Structures Used in the Prefabricated Buildings Industry

    9. 1.9 Cost Structure Analysis of the Prefabricated Buildings Industry

    10. 1.10 Impact of Covid 19 on market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Panel Systems

      1. 2.1.1 Cross-laminated timber (CLT) panels

      2. 2.1.2 Nail-laminated timber (NLT) panels

      3. 2.1.3 Dowel-laminated timber (DLT) panels

      4. 2.1.4 Glue-laminated timber (GLT) columns and beams

    2. 2.2 By Application

      1. 2.2.1 Single Family Residential

      2. 2.2.2 Multi-family Residential

      3. 2.2.3 Office

      4. 2.2.4 Hospitality

      5. 2.2.5 Others

Egypt Prefab Wood Buildings Market Size FAQs

The Egypt Prefab Wood Buildings Market is projected to register a CAGR of 6% during the forecast period (2024-2029)

Karmod Prefabricated Technologies, Ideal EV Prefabrik Evim, Derix, Stora Enso and SIKA Group are the major companies operating in the Egypt Prefab Wood Buildings Market.

Egypt Prefab Wood Buildings Market Report Snapshots

Egypt Prefab Wood Buildings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)