Modular construction has been utilized for a long time in the construction of residential and many other commercial product types due to the quick delivery times for the assigned project. Modular buildings are constructed off-site in modules and brought to the site in flat-packed panels. Construction off-site is transforming the construction process for schools, commercial buildings, hospitals, and other segments, ensuring better construction quality management and quicker delivery times. Modularization methods for construction can help perform several tasks simultaneously. Weather conditions have no major impact on the schedule, due to which the time required to complete a modular construction project is usually less than that of traditional on-site building methods.
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Data Bridge Market Research analyzes that Saudi Arabia and U.A.E. Modular Construction Market is expected to reach USD 4,731,411.12 thousand by 2031 from USD 2,614,077.74 thousand in 2023, growing with a substantial CAGR of 7.9% in the forecast period of 2024 to 2031.
Key Findings of the Study
Growing Emphasis on Sustainability, Quality, and Workers' Safety
Continuously growing government initiatives to promote green construction, building technique, and reducing waste are driving the market growth. Traditional building method generates around 56 million tons of debris every year. However, modular construction uses precise measurement and management through which multiple modules are created so discarded materials can be reused for other projects. This effectively helps in minimizing the generation of waste. The amount of waste generated by traditional construction challenges the environment compared to modular construction. Modular construction generates less waste and is also easy to dispose of. Working on-site involves greater risk and threatens workers' safety, including excessive noise and air-borne contaminants pose serious health risks. Working alongside large operational plant machinery and tools, working at height and in an environment where hazardous materials are present cause damage to the workers' health. Modular strategies are becoming more popular to limit the amount of waste on each project with the environment being a growing concern in the construction industry. There are even efforts to maximize recycling within factories that put the building portions together.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to (2016–2021)
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Quantitative Units
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Revenue in USD Thousand and Volume in Average Square Feet
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Segments Covered
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Type (Permanent and Relocatable), Material (Wood, Steel, Concrete, and Others), End-User (Residential, Hospitality, Healthcare, Education, Retail and Commercial, Office, and Others)
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Countries Covered
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Saudi Arabia and U.A.E.
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Market Players Covered
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Bechtel Corporation (U.S.), Fluor Corporation (U.S.), LAING O’ROURKE (U.K.), RED SEA INTERNATIONAL (Saudi Arabia), BK Gulf LLC (A subsidiary of Dutco Group of Companies) (U.A.E.), Arabian Containers LLC, DUBOX (U.A.E.), Gulf Modular International (Saudi Arabia), and SPACEMAKER KSA (Saudi Arabia), and among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis
The Saudi Arabia and U.A.E. modular construction market is segmented into three notable segments based on type, material, and end-user.
- On the basis of type, the Saudi Arabia and U.A.E. modular construction market is segmented into permanent and relocatable
In 2024, the permanent segment is expected to dominate the Saudi Arabia and U.A.E. modular construction market
In 2024, permanent segment is expected to dominate the market with a 63.65% market share due to its durability and long-lasting nature, offering a robust and reliable alternative to traditional construction methods.
- On the basis of material, the market is segmented into wood, steel, concrete, and others
In 2024, the wood segment is expected to dominate the Saudi Arabia and U.A.E. modular construction market
In 2024, wood segment is expected to dominate the market with a 54.97% market share due to its sustainability, cost-effectiveness, and versatility in creating eco-friendly and aesthetically pleasing structures.
- On the basis of end-user, the market is segmented into residential, hospitality, healthcare, education, retail and commercial, office, and others. In 2024, the residential segment is expected to dominate the market with a market share of 37.75%
Major Players
Data Bridge Market Research analyzes Bechtel Corporation (U.S.), Fluor Corporation (U.S.), LAING O’ROURKE (U.K.), RED SEA INTERNATIONAL (Saudi Arabia), and BK Gulf LLC (a Subsidiary of Dutco Group of Companies) (U.A.E.) are the major players of the Saudi Arabia and U.A.E. modular construction market.
Market Developments
- In October 2022, Fluor Corporation was awarded a reimbursable front-end engineering and detailed design, engineering, and procurement services contract for Imperial. The company plans to develop a world-class renewable diesel complex at its Strathcona refinery near Edmonton, Alberta, Canada. The new complex will be the largest renewable diesel production facility in Canada and is expected to produce approximately 20,000 barrels per day
- In October 2022, Fluor Corporation had acquired two reimbursable engineering, procurement, and construction management contracts by BASF SE for the ethylene oxide/ethylene glycol and infrastructure, offsites, and utility packages as part of the company's new Verbund program in Zhanjiang, Guangdong province, China. The contract value of this contract for Fluor is more than USD 2 billion
- In September 2022, DUBOX was shortlisted in the 'Residential Project of the Year' category of the 2021 Construction Week KSA Awards for The Red Sea Development Company for the second year. This enhanced the company's image in the global market
Regional Analysis
Geographically, the countries covered in the market report are Saudi Arabia and U.A.E.
As per Data Bridge Market Research analysis:
Saudi Arabia is the dominant and fastest growing country in the Saudi Arabia and U.A.E. modular construction market
Saudi Arabia is expected to dominate the market due to its strategic focus on rapid urbanization and infrastructure development, driven by vision 2030 initiatives.
For more detailed information about the Saudi Arabia and U.A.E. modular construction market report, click here – https://www.databridgemarketresearch.com/reports/saudi-arabia-and-uae-modular-construction-market
