Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "Steel Building Market in MEA 2024-2028" report has been added to ResearchAndMarkets.com's offering.
The latest research publication on the Steel Building Market in the Middle East and Africa reports significant growth, expecting an increase of USD 268.87 million over the period from 2023 to 2028, with a compound annual growth rate (CAGR) of 4.01%. This expansion in the steel building sector reflects the evolving industrial landscape across these regions. A comprehensive analysis reveals the driving factors, market size, and forecasted trends, offering stakeholders valuable insights into this dynamic market.
Key Market Segmentation Highlights
- By Product:
- Pre-engineered Buildings (PEBs)
- High Rise Steel Structures (HRSS)
- By End-user:
- Industrial
- Commercial
- Residential
Market Dynamics and Growth Factors
The growth trajectory of the steel building market in the Middle East and Africa is being propelled by the superiority of pre-engineered buildings (PEBs) over conventional construction methods. The robust advancement of the industrial manufacturing sector in these regions, together with surging investments within the services and tourism sectors, acts as a catalyst for market growth.
An increasing demand for green building certifications for PEBs alongside the rising consumption of secondary steel underpins the expansion and adoption of steel-based structures. The burgeoning construction and infrastructure sectors are also identified as a pivotal growth driver for the steel building market, setting the stage for substantial opportunities in the near future.
Regional Analysis and Vendor Landscape
The intensive vendor analysis included in the report provides a landscape view of market competition, highlighting key players who are contributing to market expansion and innovation in the steel building market across the Middle East and Africa. The research encompasses a strategic market forecast and industry analysis, which will assist companies in enhancing their market positions and capitalizing on emerging opportunities.
Influential Market Trends
The construction and infrastructure boom across the Middle East and Africa, combined with an increase in green building initiatives and the consumption of secondary steel, is poised to instigate a notable surge in the steel building domain.
Comprehensive Market Insights
This repository of market intelligence is founded on a blend of primary and secondary research, engaging with industry insiders to gather and synthesize key data. The market report offers exhaustive coverage of influential market elements including profit margin analysis, pricing trends, competitive scenarios, and promotional strategies.
Representing the market’s complexity with a holistic approach, the study addresses the multiplicity of factors influencing market growth and provides an in-depth examination of the competitive landscape. Companies in the sector are advised to leverage this analysis to align their strategic planning with industry trends, preparing to meet the challenges and maximize the imminent growth opportunities.
Strategic Forecast and Growth Anticipation
As businesses seek to strategize for emerging trends and market demands, this report is set to be an indispensable tool in forecasting precise market growth and understanding the competitive dynamics. It equips stakeholders with the necessary insight to navigate the market successfully and make informed decisions.
The Steel Building Market report in Middle East and Africa paves the way for enterprises to harness the projected growth, positioning them for success in the upcoming years.
For enterprises and investors, this research clarifies the market's trajectory, enabling strategic planning and informed decision-making in the thriving Middle East and Africa steel building market landscape.
A selection of companies mentioned in this report includes
- Afrifab Steel Ltd.
- Al Shahin Metal Industries
- Al Yarmouk Steel and Engg. Co. LLC
- Astra Industrial Group
- BSI International Building Systems W.L.L.
- DANA Group of Companies
- Emirates Building System Co. LLC
- Etihad Steel Factory
- Mabani Steel LLC
- Memaar Building Systems FZC
- Modern Industrial Investment Holding Group
- Nesma Group Co.
- SpanAfrica Steel Structures
- Steel Building and Structure Co.
- Steel Structures Ltd.
- Tamimi Group
- Tiger Steel Engineering LLC
- Tugela Steel
- Yusuf A. Alghanim and Sons WLL
- Zamil Industrial Investment Co.
For more information about this report visit https://www.researchandmarkets.com/r/lgf97m
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