GCC Pre-Engineered Buildings Market Size, Share, Growth Analysis, By Material(Concrete, Glass, Steel, Timber), By Structure(Assembled, un-assembled), By Unit Size(Small, Large), By Application(Residential, Commercial, Industrial), By Region - Industry Forecast 2024-2031

GCC Pre-Engineered Buildings Market size was valued at USD 14.32 billion in 2019 and is poised to grow from USD 15.78 billion in 2023 to USD 34.11 billion by 2031, growing at a CAGR of 10.1% in the forecast period (2024-2031).

Pre-engineered buildings or prefabricated buildings (sometimes referred to as prefabs) are constructed off-site and brought to the site for on-site assembly. Along with the roof and wall coverings, it also incorporates the structure of the building. By employing the most suitable raw material stocks, pre-engineered building manufacturers develop it to meet the demands of the customer. Rigid frames, plate steel, roof beams, and columns make up the structural systems. Concrete-based prefabricated goods and metal prefabricated products are the two main categories of prefabricated building materials. Frames, partition panels, door and window frames, metallic roof systems, formworks at various stages of construction, precast beams and façades, tunnel linings, bridge girders, platforms for metro works, sewage discharge units and underground facilities, etc. are some of the metal prefabricated components with high market demand. Prefabricated homes are becoming more and more common, not just for commercial constructions but also for residential dwellings. However, given to the environmental advantages prefabricated structures offer with their contemporary dwelling, they are anticipated to become more prevalent in the future.

GCC Pre-Engineered Buildings Market is poised to grow at a sustainable CAGR for the next forecast year.