Pacific spiral structures in the GCC prefab and steel structures market

Market Overview
The GCC prefabricated building and structural steel market size reached US$ 3.9 Billion in 2022. Looking forward, PSS expects the market to reach US$ 5.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028

Prefabricated buildings, also known as prefabs, are structured components manufactured at offsite locations and then transported to the construction site. On the other hand, structural steel frames are the skeletal layout of the building, wherein the prefabricated parts are assembled.Besides this, they offer numerous other advantages, such as flexibility, sustainability, facilitate waste management, energy conservation, and protection from dust, moisture, and environmental hazards. As a result, prefabricated buildings and structural steel structures are gaining traction across the GCC region

GCC Prefabricated Building and Structural Steel Market Trends
The increasing population in the GCC countries is result ing in the rising construction and remodeling activities of residential and commercial structures. This represents one of the key factors positively influencing the market. In addition, increasing investments in mega infrastructure projects, including the construction of roads, railways, and airports, are offering lucrative growth opportunities to manufacturers. Apart from this, the rising focus of GCC countries on economic diversification to reduce the dependence on the oil and gas sector is creating a positive outlook for the market. Furthermore, a considerable rise in the travel and tourism sector, along with various upcoming events in the region, is driving the demand for convenient and cost-efficient construction solutions. Additionally, the introduction of stringent government regulations across the region to improve waste management and save energy is propelling the market growth. Moreover, prefabricated buildings do not generate any on-site waste and are more environmentally friendly than conventionally constructed buildings. These product benefits are strengthening the growth of the market in the region

Breakup by Product Type
Prefabricated Building
Spiral Structural Steel
 
The prefabricated Spiral Structural represents the largest product type as it offers design flexibility, cost and energy efficiency, and is more eco-friendly than conventionally constructed structures
 
Breakup by End-Use Sector
Residential
Institutional
Commercial
Industrial

The residential sector accounts for the majority of the market share due to the rising population and the increasing need for constructing and renovating residential places

The spiral structure is completely economical
As we conceptualized this idea, we also contemplated the method of its construction. We have considered the possibility of producing it with minimal resources and equipment, even within a temporary space, including on-site. This aspect significantly impacts the cost-effectiveness of the projects