United Arab Emirates Prefabricated Construction Industry Business and Investment Opportunities Databook – 100+ KPIs, Market Size & Forecast by End Markets, Precast Products, and Precast Materials - Q2 2023 Update

United Arab Emirates Prefabricated Construction Industry Business and Investment Opportunities Databook – 100+ KPIs, Market Size & Forecast by End Markets, Precast Products, and Precast Materials - Q2 2023 Update

According to ConsTrack360's, prefabricated construction industry in United Arab Emirates is expected to grow by 9.1% to reach AED 23,804 million in 2023.

The medium to long-term growth story in United Arab Emirates remains intact. The prefabricated construction industry in United Arab Emirates is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 8.7% during 2023-2027. The prefabricated construction output in the country is expected to reach AED 33,252.3 million by 2027.

Although the United Arab Emirates construction market has been growing at a rapid rate over the last few years, the prefabricated construction sector is still evolving in the Middle Eastern country. However, with growing urbanization, coupled with innovative startups, the Emirati prefabricated construction industry has strong growth potential.

Over the next three to four years, investment from the government is also projected to play a crucial role in the growth of the prefabricated construction market in the United Arab Emirates. With its focus to diversify from an oil and gas-based economy, the government has increasingly invested in the development of tourism and other infrastructure projects. This trend is expected to continue from the short to medium-term perspective, thereby supporting the growth of the prefabricated construction market as well.

UAE-based firms are expanding their regional presence amid the growing demand for data centers

The demand for data centers has accelerated rapidly over the last few years, amid the growing digitalization in the Middle East. To capitalize on the growing demand, UAE-based ALEC, the construction firm, has launched a new subsidiary ALEC Data Center Solutions. The subsidiary firm provides clients with prefabricated data centers, thereby ensuring quick deployments in the Emirates. The firm is now expanding its regional presence as the demand for data centers is growing across the Middle East.

In January 2023, ALEC announced the expansion of ALEC Data Center Solutions in the Kingdom of Saudi Arabia. The ongoing digital transformation in the Kingdom will enable ALEC Data Center Solutions to further accelerate its growth by launching prefabricated data center facilities for its clients in the country.

From the short to medium-term perspective, ConsTrack360 expects ALEC Data Center Solutions and more prefabricated construction-focused firms to expand their presence in the Middle East region.

Prefabricated construction firms are launching innovative solutions in the United Arab Emirates market

The prefabricated construction market is gradually gaining growth momentum in the Emirati market. In a growing number of buildings, including both commercial as well as residential, prefabricated modules are getting adopted in the United Arab Emirates. To further drive the growth of sustainable construction practices, firms in the region are innovating by launching new modules. For instance,

In November 2022, Al Masaood Bergum, one of the leading modular building solutions providers in the Emirates and part of the Al Masaood Group, launched an innovative prefabricated module. The Ultra-Fold Prefinished Modules is a solution that fits commercial as well as residential housing units.

Furthermore, it also has the ability to withstand extreme weather conditions because of thermal insulation. Unlike conventional cement, the module is manufactured using cement fiber, which is a mixture of fly ash, water, Portland cement, and wood pulp. It is also bio-degradable and therefore, provides a more sustainable construction solution.

The launch of such innovative construction solutions is expected to further drive the growth of the prefabricated and sustainable construction market in the United Arab Emirates over the next three to four years. Furthermore, the growing innovation in the space will also drive the competitive landscape in the segment.

Global firms are undertaking the development of prefabricated accommodation complexes in the Emirates

With the United Arab Emirates becoming a hub for business and tourism, many leading corporations are increasing their presence in the region, and this has significantly driven foreign investment in the domestic construction market. With the growing demand for commercial buildings and residential units, global firms are undertaking a number of projects, thereby supporting the prefabricated construction market.

In 2022, Samsung C&T, the South Korean construction and engineering firm, announced that the firm had partnered with Red Sea International Company to design and build modular accommodation complexes in Abu Dhabi. The South Korean firm is building three modular accommodation complexes for Abu Dhabi National Oil Company. The construction of the project is strategic and aims to decarbonize the production operations of Abu Dhabi National Oil Company. A total of 800 staff are to be housed in the prefabricated accommodation project.

With more such prefabricated projects expected to be undertaken by global and domestic construction firms, ConsTrack360 expects the prefabricated construction market to record steady growth over the next three to four years.

This market intelligence report from ConsTrack360 provides a detailed view of market opportunities in the prefabricated building construction industry with over 100+ KPIs, covering end markets, prefabricated/precast materials, and products in United Arab Emirates. This is a databook offering, which primarily provides data-centric analysis with charts and tables.

End Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and end market opportunities in the prefabricated industry in United Arab Emirates

Prefabricated Methods: Provides an in-depth analysis of industry across 3 methods- panelised construction, modular (Volumetric) construction, and hybrid (Semi-volumetric) construction in United Arab Emirates.

Prefabricated Materials: Provides demand analysis across 7 key materials such as aluminum, wood, iron & steel, concrete, glass, and other.

Prefabricated Products: Provides demand analysis of market by 7 key products such as building superstructure, roof construction, floor construction, interior room modules, exterior walls, columns & beams, and other.

ConsTrack360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.In-depth Understanding of Prefabricated / Precast Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 50+ market segments.

Deeper Segmentation of Prefabricated Product Analysis: Market size and forecast by prefabricated products, materials, product X materials, and product X construction sectors.

Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in prefabricated / precast construction industry in United Arab Emirates.

Comparable Data: Get detailed and comparable data for the prefabricated / precast market size. ConsTrack360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.This report provides a detailed data-centric analysis of the prefabricated construction industry, covering market opportunity, and industry dynamics by prefabricated materials, methods, and products across various construction sectors. In addition, it provides market size and forecast of the prefabricated industry covering end markets along with demand analysis in United Arab Emirates. With over 100 KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.

United Arab Emirates by Building Construction Sector

• Residential

– Single-Family

– Multi Family

• Commercial

– Office

– Retail

– Hospitality

– Other

• Institutional
• Industrial

United Arab Emirates by Prefabrication Methods

• Panelised construction
• Modular (Volumetric) construction
• Hybrid (Semi-volumetric) construction

United Arab Emirates by Prefabricated Material

• Aluminium
• Wood
• Iron & Steel
• Concrete
• Glass
• Other

United Arab Emirates by Prefabricated Product

• Building Superstructure
• Roof Construction
• Floor Construction
• Interior Room Modules
• Exterior Walls
• Columns & Beams
• Other

United Arab Emirates by Prefabricated Material X Product

• Aluminium (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
• Wood (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
• Iron & Steel (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
• Concrete (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
• Glass (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
• Other (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)

United Arab Emirates by Prefabrication Product X Construction Sector

• Residential (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
• Commercial (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
• Industrial (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
• Institutional (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)