UAE Modular Construction Market Size & Outlook, 2022-2030
UAE modular construction market, 2018-2030 (US$M)
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UAE modular construction market highlights
- The UAE modular construction market generated a revenue of USD 1,299.3 million in 2022 and is expected to reach USD 2,237.8 million by 2030.
- The UAE market is expected to grow at a CAGR of 7% 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.
Modular construction market data book summary
| Market revenue in 2022 | USD 1,299.3 million |
| Market revenue in 2030 | USD 2,237.8 million |
| Growth rate | 7% (CAGR from 2022 to 2030) |
| Largest segment | Permanent |
| Fastest growing segment | Permanent |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, UAE accounted for 1.4% of the global modular construction market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia modular construction market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,760.0 million by 2030.
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Modular Construction Market Scope
Modular Construction Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE 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 58.83% in 2022. Horizon Databook has segmented the UAE modular construction market based on relocatable, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International monetary fund (IMF), the GDP of the U.A.E. contracted by 6.1% in 2020 as the country was in lockdown to control the spread of coronavirus. It is expected that in 2021, its GDP will recover at the rate of 2.2% over the forecast period.
In the U.A.E., the tourism industry is growing rapidly due to which the government is focusing on infrastructure development modular construction market is expected to grow rapidly over the forecast period. Dubai Expo is an attractive platform to attract potential investors for investment in the construction of commercial buildings required for the development of tourism in the country.
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Target buyers of UAE 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE modular construction market , including forecasts for subscribers. This country databook contains high-level insights into UAE modular construction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE modular construction market size, by product, 2018-2030 (US$M)
UAE Modular Construction Market Outlook Share, 2022 & 2030 (US$M)
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