Thursday, October 25, 2018

UAE's structural steel driven market

One of the major factors driving the UAE prefabricated building and structural steel market is the development of a general Construction Index in the country which aims to encourage the adoption of advanced methods of construction using prefabricated components. These methods reduce time as well as the number of unskilled laborers required for the construction process. 


UAE Steel Market
UAE Prefabricated Steel Constructions Market - Aarkstore 

Prefabricated buildings are made by assembling components, such as walls, roofs, staircases, etc., which are manufactured off-site in specialized facilities. These buildings are supported by structural steel frames which include angles, columns, and beams. Although prefabricated buildings are suited for temporary operations, they are being extensively used in the construction of traditional structures such as offices, homes, schools, and churches. They also represent an ideal building solution for locations with unsuitable environment conditions for onsite construction.

The usage of prefabricated building solutions also helps in lowering human errors and the overall costs of the project while decreasing construction debris and pollutants. Apart from this, as prefabricated components are manufactured using advanced technologies with controlled quality specifications, they help in extending the average lifespan of the buildings. On account of these factors, the market is expected to grow at a CAGR of 6% during 2018-2023, reaching a value of US$ 1,090 Million by 2023.

The report has segmented the market on the basis of type, including prefabricated building and structural steel. Currently, the prefabricated building represents the largest segment and is further segregated into floors and roofs, walls, staircases, and panels and lintels. Similarly, the structural steel segment includes H-type beams, columns, I-type beams, and angles. The report has also segmented the market based on end-use, covering residential, institutional, commercial and industrial sectors. Amongst these, the residential sector is the leading end-use segment of a prefabricated building and structural steel market. The report has also analyzed the competitive landscape of the market and provide the profiles of the key players operating in it.

This report provides a deep insight into the UAE prefabricated building and structural steel market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porters five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the UAE prefabricated building and structural steel industry in any manner.

Category: Chemicals Market Research

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Aarkstore Enterprise
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