Saudi Arabia Prefabricated Buildings Market Size (2024 - 2029)

The Saudi Arabia Prefabricated Buildings Market is experiencing growth driven by the increasing demand for cost-effective and time-efficient housing solutions, particularly in the residential sector. This demand is fueled by a shortage of affordable housing due to population growth and migration. The market's expansion is further supported by the need for energy-efficient and flexible design options. Although the COVID-19 pandemic disrupted construction activities and supply chains, it also heightened the demand for modular buildings to address healthcare and quarantine needs. These factors collectively contribute to the market's positive trajectory.

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Market Size of Saudi Arabia Prefabricated Buildings Industry

Saudi Arabia Prefabricated Buildings Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 3.36 Billion
Market Size (2029) USD 5.16 Billion
CAGR (2024 - 2029) 8.00 %
Market Concentration Low

Major Players

Saudi Arabia Prefabricated Buildings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Saudi Arabia Prefabricated Building Market Analysis

The Saudi Arabia Prefabricated Buildings Market size is estimated at USD 3.36 billion in 2024, and is expected to reach USD 5.16 billion by 2029, growing at a CAGR of 8% during the forecast period (2024-2029).

The rise in the overall construction industry and increasing prices are now contributing to the turnover of the prefabricated buildings market in Saudi Arabia.

The market is driven by the demand for low to mid-rise residential buildings, project homes, and public housing. Additionally, the high demand for turnkey or prefabricated houses and energy-efficient buildings contributes to market growth.

The residential construction industry in Saudi Arabia is facing a shortage of affordable housing due to a growing population and an influx of migrants. It has encouraged the demand for prefabricated homes, as they are cost-effective and time-efficient. Moreover, energy efficiency, design flexibility, and faster completion are other advantages of prefabricated buildings, anticipated to drive market growth.

COVID-19 caused considerable economic damage. The nationwide lockdown halted construction and impacted the labor-intensive sector. As a result, construction projects in various segments, such as educational, residential, and airports, decreased, significantly impacting the demand for prefabricated buildings in Saudi Arabia.

COVID-19 also affected the market due to slow raw material production, supply chain disruption, inhibited trade movements, declining construction demand, and reduced demand for new projects.

However, the demand for modular buildings increased due to the increased COVID-19 cases and the requirement for healthcare and quarantine buildings/units. Since a high workforce is required for traditional construction, opting for prefabricated buildings became an optimum solution during the pandemic.

Saudi Arabia Prefabricated Building Industry Segmentation

Prefabricated Buildings, often referred to as prefab homes, are primarily manufactured in advance off-site, then delivered and assembled on-site. This report covers market insights, such as market dynamics, drivers, restraints, opportunities, technological innovation and its impact, Porter's five forces analysis, and the impact of COVID-19 on the market. Additionally, the report provides company profiles of leading market players to understand the market's competitive landscape.

The Saudi Arabian prefabricated buildings market is segmented by application (residential, commercial, and other applications (industrial, institutional, and infrastructure)) and material type (concrete, glass, metal, timber, and other material types).

The report offers market size and forecasts for the Saudi Arabian Prefabricated Buildings Market in value (USD) for all the above segments.

By Material Type
Concrete
Glass
Metal
Timber
Other Material Types
By Application
Residential
Commercial
Other Applications (Industrial, Institutional, and Infrastructure)
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Saudi Arabia Prefabricated Buildings Market Size Summary

The prefabricated building market in Saudi Arabia is poised for significant growth, driven by the increasing demand for affordable housing and the need for efficient construction solutions. As the country experiences rapid urbanization and a growing population, the residential construction sector is facing challenges in providing sufficient affordable housing. Prefabricated buildings offer a cost-effective and time-efficient solution, aligning with the Kingdom's Vision 2030. The market is further bolstered by the demand for energy-efficient and turnkey homes, which are becoming increasingly popular due to their design flexibility and faster completion times. Despite the challenges posed by the COVID-19 pandemic, such as supply chain disruptions and reduced construction demand, the need for modular buildings surged, particularly for healthcare and quarantine facilities, highlighting the advantages of prefabricated construction methods.

Saudi Arabia's economic stability and positive trade balance have fostered a conducive environment for the growth of the prefabricated building industry. The market is moderately consolidated, with major players like Saudi Building Systems Mfg. Co., Red Sea Housing Services, and Kirby Building Systems holding significant market shares. These companies are investing in innovative construction methods to meet the rising demand for modular buildings. Projects like the Red Sea Development and NEOM are pushing the boundaries of prefabricated construction, aiming to reduce delivery times and environmental impact. The competitive landscape is influenced by American and Chinese building systems, which offer faster and more cost-effective solutions. As the market continues to evolve, investments in modular construction are expected to increase, supporting the country's ambitious development projects and addressing the housing shortage.

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Saudi Arabia Prefabricated Buildings Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Technological Trends

    3. 1.3 Insights into Supply Chain/Value Chain Analysis

    4. 1.4 Brief on Different Structures Used in the Prefabricated Buildings Industry

    5. 1.5 Cost Structure Analysis of the Prefabricated Buildings Industry

    6. 1.6 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material Type

      1. 2.1.1 Concrete

      2. 2.1.2 Glass

      3. 2.1.3 Metal

      4. 2.1.4 Timber

      5. 2.1.5 Other Material Types

    2. 2.2 By Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

      3. 2.2.3 Other Applications (Industrial, Institutional, and Infrastructure)

Saudi Arabia Prefabricated Buildings Market Size FAQs

The Saudi Arabia Prefabricated Buildings Market size is expected to reach USD 3.36 billion in 2024 and grow at a CAGR of 8% to reach USD 5.16 billion by 2029.

In 2024, the Saudi Arabia Prefabricated Buildings Market size is expected to reach USD 3.36 billion.

Saudi Arabia Prefabricated Buildings Market Report Snapshots

Saudi Arabia Prefabricated Building Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)