Saudi Arabia Prefab Wood Buildings Market Size (2024 - 2029)

The Saudi Arabia Prefab Wood Buildings Market is experiencing growth, driven by factors such as the increased adoption of offsite construction methods due to COVID-19, which offered enhanced safety and project certainty. The country's reliance on timber imports, particularly Nordic wood, underscores its significant market size in the Middle East and Africa region. Additionally, initiatives under Vision 2030 to transform the tourism and hospitality sectors are contributing to the expansion of the market, with a focus on sustainable and modular building solutions.

Home Market Analysis Real Estate and Construction Research Construction Research Prefabricated Construction Research Prefabricated Wood Building Research Saudi Arabia Prefab Wood Buildings Market Market Size

Market Size of Saudi Arabia Prefab Wood Buildings Industry

Saudi Arabia Prefab Wood Buildings Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 4.00 %
Market Concentration Low

Major Players

Saudi Arabia Prefab Wood Buildings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Saudi Arabia Prefab Wood Buildings Market Analysis

The Saudi Arabia Prefab Wood Buildings Market is expected to register a CAGR of more than 4% during the forecast period (2023-2028).

  • COVID-19 has impacted the wooden prefabricated structures market in Saudi Arabia. Due to COVID-19 restrictions, many construction projects were delayed or canceled. In addition, the pandemic has boosted offsite construction in the country, which offered improved safety, reduced risk, and greater certainty of completion on time and within budget.
  • Moreover, Saudi Arabia emerged as a leading market for Nordic wood in the Middle East and Africa Region. In addition, most of the wooden building manufacturers in the country focus on Nordic timber. Also, the Saudi population will require a lot more wood to build its future. Thus, the country is highly dependent on timber imports. Meanwhile, to meet the growing demand for prefabricated structures, the country imported more than 25,200 tonnes of prefabricated buildings (whether or not complete or already assembled). Also, United Arab Emirates, Netherlands, China, Jordan, and Lebanon are the top five exporters of prefabricated buildings to Saudi Arabia.
  • Furthermore, under Vision 2030, Saudi Arabia is redefining its tourism and hospitality sectors. In 2022, recently launched ecolodge brand ENVI Lodges and Al Rasim Hotels and Resorts are planned to develop a waterfront project on the Kingdom of Saudi Arabia's Red Sea coast. In addition, Al Rasim Hotels and Resorts planned to initiate an experiential lodging on the shores of the Red Sea, which comprises of nearly 40 modular pods, prefabricated, and transported to the site. These modular pods will be installed on individual decks, which will lower the environmental impact and minimize disturbance at the site. Thus, the growing concern about sustainability, increasing focus towards affordable housing, etc. factors are driving the wooden modular buildings adoption in the country.

Saudi Arabia Prefab Wood Buildings Industry Segmentation

Wooden prefabricated buildings involve premade pieces that are constructed off-time. Prefabricated wood building kits, similar to life-sized Legos, are made up of prefabricated components that are delivered and assembled on-site. Furthermore, this report covers market insights, such as market dynamics, drivers, restraints, opportunities, technological innovation, its impact, porter's five forces analysis, and the impact of COVID-19 on the market. In addition, the report also provides company profiles to understand the competitive landscape of the market.

The Saudi Arabia Prefab Wood Buildings 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), and By Application (Single Family Residential, Multi-Family Residential, Office, Hospitality, and Others). The report offers market size and forecasts for the Saudi Arabia Prefab Wood Buildings Market in value (USD billion) 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
Need A Different Region Or Segment?
Customize Now

Saudi Arabia Prefab Wood Buildings Market Size Summary

The Saudi Arabia Prefab Wood Buildings Market is experiencing a notable transformation, driven by the country's Vision 2030 initiative and a growing emphasis on sustainability and affordable housing. The market is witnessing increased adoption of modular construction methods, which offer significant advantages such as reduced construction time and minimal environmental impact. The pandemic has further accelerated the shift towards offsite construction, enhancing safety and project certainty. Saudi Arabia's strategic focus on Nordic timber and its reliance on timber imports underscore its commitment to expanding its prefabricated structures sector. The hospitality industry, particularly projects along the Red Sea, is a key driver of demand for wooden modular buildings, as these structures align with the sector's sustainability goals.

The market landscape is characterized by a competitive and fragmented environment, with major players like DTH Prefab, Al Rashed, and Red Sea International actively enhancing their offerings to meet evolving market demands. Government initiatives and favorable financing policies are bolstering the housing market, aiming to significantly increase home ownership and housing stock by 2030. The involvement of the private sector in developing affordable housing is expected to further boost the adoption of prefabricated wooden structures. As the demand for housing and hospitality projects continues to rise, the market for prefab wood buildings in Saudi Arabia is poised for steady growth, supported by strategic contracts and collaborations with international companies.

Explore More

Saudi Arabia Prefab Wood Buildings Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Insights on Technological Trends

    3. 1.3 Industry Value Chain/Supply Chain Analysis

    4. 1.4 Spotlight on Government Regulations and Key Initiatives in the Market

    5. 1.5 Brief on Different Structures Used in the Wood Prefab Buildings Industry

    6. 1.6 Market Dynamics

      1. 1.6.1 Drivers

      2. 1.6.2 Restraints

      3. 1.6.3 Opportunities

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Threat of New Entrants

      2. 1.7.2 Bargaining Power of Buyers/Consumers

      3. 1.7.3 Bargaining Power of Suppliers

      4. 1.7.4 Threat of Substitute Products

      5. 1.7.5 Intensity of Competitive Rivalry

    8. 1.8 Impact of COVID-19 on the 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

Saudi Arabia Prefab Wood Buildings Market Size FAQs

The Saudi Arabia Prefab Wood Buildings Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

DTH Prefab, Al Rashed, RED SEA INTERNATIONAL, TSSC and Newfab are the major companies operating in the Saudi Arabia Prefab Wood Buildings Market.

Saudi Arabia Prefab Wood Buildings Report Snapshots

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