Middle East & Africa Modular Construction Market Size & Outlook
Middle East & Africa modular construction market, 2018-2030 (US$M)
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MEA modular construction market highlights
- The MEA modular construction market generated a revenue of USD 3,713.1 million in 2022.
- The market is expected to grow at a CAGR of 7.2% from 2023 to 2030.
- In terms of segment, permanent was the largest revenue generating product in 2022.
- Permanent is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 3,713.1 million |
| Market revenue in 2030 | USD 6,489.1 million |
| Growth rate | 7.2% (CAGR from 2022 to 2030) |
| Largest segment | Permanent |
| Fastest growing segment | Permanent |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Relocatable, Permanent |
| Key market players worldwide | Sekisui House Ltd, Bouygues, Skanska AB ADR, Lendlease Group, Laing O'Rourke, Red Sea International, Premier Modular, KLEUSBERG, Dubox, CIMC Modular Building Systems, Modulaire Group, Guerdon Modular Buildings, Hickory Group International |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.1% of the global modular construction market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 59,359.7 million by 2030.
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Modular Construction Market Scope
Modular Construction Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa modular construction market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to modular construction market will help companies and investors design strategic landscapes.
Permanent was the largest segment with a revenue share of 62.09% in 2022. Horizon Databook has segmented the Middle East & Africa modular construction market based on relocatable, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
According to IMF, the GDP of the Middle East is projected to witness growth at a rate of 4% in 2021. Factors, such as vaccine rollout, improvement in oil pricing, and government initiatives with respect to economic stimulus, are responsible for boosting the GDP growth.
The COVID-19 economic stimulus is further anticipated to have a major role in attracting FDIs in the construction sector. The African Development Bank Group forecasted a 3.4% growth in the African economy in 2021. Growth in infrastructure, mining, and oil & gas is promoting the growth of the African region.
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Target buyers of Middle East & Africa modular construction market databook
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Our clientele includes a mix of modular construction market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa modular construction market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa modular construction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA modular construction market size, by country, 2018-2030 (US$M)
Middle East & Africa Modular Construction Market Outlook Share, 2022 & 2030 (US$M)
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