The MEA precast concrete market is expected to grow from US$ 5,841.86 million in 2022 to US$ 8,355.40 million by 2028. It is estimated to grow at a CAGR of 6.1% from 2022 to 2028.
Supportive Government Initiatives is fueling the growth of MEA Precast Concrete Market
Precast concrete is widely used in housing, factories, and leading national laboratories around the region to support government programs. In addition, precast construction is a cost-effective, fast, and environment-friendly building method for large housing projects that do not compromise quality. Housing crisis is one of the world's major issues today. Due to slum areas in several countries, the governments of various economies have taken certain initiatives by investing in infrastructure renewal. Furthermore, the construction sector is a core component of Vision 2030 program of Saudi Arabia's economy. The country is investing in a variety of ventures as a result of ongoing investment and technological advances. The aim of such large-scale projects is to provide lower-income groups with housing options, generate new job opportunities, and diversify the economy. According to the housing ministry, Saudi Arabia will need to build 3.3 million units by 2025, which will further push the construction sector, thereby increasing the demand for MEA precast concrete market . The supporting government initiatives will provide ample opportunities for the market players operating in the MEA precast concrete market.MEA Precast Concrete Market Overview
The Middle East and Africa region include countries such as South Africa, Saudi Arabia, UAE, and the Rest of the Middle East and Africa. The Middle East and Africa market is experiencing rapid development with the growth of markets such as Dubai, Abu Dhabi, and Iran. New investment and better marketing strategies have led to the capture of market share in the Middle East and African region. The shift in consumer lifestyles, coupled with industrialization and urbanization, enhances construction activities, which is eventually expected to stimulate the MEA precast concrete market. Precast concrete is witnessing rapid development in the Middle East due to the increased adoption of the advanced precast concrete by the region's end-use industries. The precast concrete market is highly driven by economic development, along with the growing end-use industries. The Gulf countries are economically developed countries, whereas the African countries are yet to match up to the economic conditions of the Gulf countries and lag far behind. The harsh weather conditions of the desert, lack of unskilled laborers, and high labor wages in the region act as huge hindrances in the development of the region. However, urbanization in the Middle Eastern is transforming the outlook of countries. Middle Eastern countries look ahead for the adoption of advanced technologies and also stand amongst the most highly urbanized region. Responding towards a shift occurring in global economic power has positioned the Middle East firmly as a world’s fastest-growing market, including Dubai and Abu Dhabi, with an aim to turn into global hubs. Therefore, the rising urban population has improved the construction of private residential buildings from semi-urban and urban cities. Concrete is one of the most used construction materials worldwide, especially in the Middle East & Africa. It is considered a cheap composite due to the low cost of raw material. Besides, it is a strong material in durable, compression, resistant, and versatile. One of the most common applications in concrete construction is precast concrete which is primarily used for walls, floors, and structural elements. Once completed, these components are delivered to construction site, then assembled by cranes to form a building. There are numerous reasons why architectural precast has gained popularity in the region. Precast concrete offers long term durability and require minor maintenance. These factors further boost demand for MEA precast concrete market.MEA Precast Concrete Market Segmentation
The MEA precast concrete market is segmented into structure system, end use, and country. Based on structure system, the MEA precast concrete market is segmented into beam and column system, floor and roof system, bearing wall system, façade system, and others segment. The beam and column system segment registered the largest market share in 2022.- Based on end use, the MEA structure system market is segmented into residential, commercial, and others. The commercial segment registered the largest market share in 2022.
- Based on country, the market is segmented into South Africa, Saudi Arabia, the UAE, Nigeria, Egypt, and the Rest of MEA. The Rest of MEA dominated the market share in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
4. MEA Precast Concrete Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Expert Opinion
5. MEA Precast Concrete Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Need for Cost-Effective, Safe, and Eco-Friendly Products
5.1.2 Rise in Renovation and Remodeling Activities Across the Region
5.2 Market Restraints
5.2.1 Volatility in Raw Material Prices
5.3 Market Opportunities
5.3.1 Supportive Government Initiatives
5.4 Future Trends
5.4.1 Significant Investment in Innovation and Product Development
5.5 Impact Analysis of Drivers and Restraints
6. Precast Concrete - MEA Market Analysis
6.1 MEA Precast Concrete Market -Volume and Forecast to 2028 (Million Cubic Meters)
6.2 MEA Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
7. MEA Precast Concrete Market Analysis - By Structure System
7.1 Overview
7.2 MEA Precast Concrete Market, By Structure System (2021 and 2028)
7.3 Beam and Column System
7.3.1 Overview
7.3.2 Beam and Column System: MEA Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Floor and Roof System
7.4.1 Overview
7.4.2 Floor and Roof System: MEA Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Bearing Wall System
7.5.1 Overview
7.5.2 Bearing Wall System: MEA Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Façade System
7.6.1 Overview
7.6.2 Façade System: MEA Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: MEA Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
8. MEA Precast Concrete Market Analysis - By End Use
8.1 Overview
8.2 MEA Precast Concrete Market, By End Use (2021 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: MEA Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
8.3.3 Residential: MEA Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: MEA Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
8.4.3 Commercial: MEA Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: MEA Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
8.5.3 Others: MEA Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
9. MEA Precast Concrete Market- Country Analysis
9.1 Overview
9.1.1 Middle East and Africa: Precast Concrete Market, by Key Country
9.1.1.1 South Africa: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
9.1.1.2 South Africa: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 South Africa: Precast Concrete Market, by Structure System
9.1.1.3 Saudi Arabia: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
9.1.1.4 Saudi Arabia: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Saudi Arabia: Precast Concrete Market, by Structure System
9.1.1.5 U.A.E: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
9.1.1.6 U.A.E: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 U.A.E: Precast Concrete Market, by Structure System
9.1.1.7 Nigeria: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
9.1.1.8 Nigeria: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.8.1 Nigeria: Precast Concrete Market, by Structure System
9.1.1.9 Egypt: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
9.1.1.10 Egypt: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.10.1 Egypt: Precast Concrete Market, by Structure System
9.1.1.11 Rest of Middle East and Africa: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
9.1.1.12 Rest of Middle East and Africa: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.12.1 Rest of Middle East and Africa: Precast Concrete Market, by Structure System
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
11. Company Profiles
11.1 Boral
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 CEMEX SAB de CV.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Consolis Group SAS
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Forterra
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 GULF PRECAST
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 LafargeHolcim
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Centrum Pile Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Betongindustri AB
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary
Table 1. MEA Precast Concrete Market -Volume and Forecast to 2028 (Million Cubic Meters)
Table 2. MEA Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Precast Concrete Market, by Structure System - Revenue and Forecast to 2028 (USD million)
Table 4. South Africa Precast Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meters)
Table 5. South Africa Precast Concrete Market, by End Use - Revenue and Forecast to 2028 (USD million)
Table 6. Saudi Arabia Precast Concrete Market, by Structure System - Revenue and Forecast to 2028 (USD million)
Table 7. Saudi Arabia Precast Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meters)
Table 8. Saudi Arabia Precast Concrete Market, by End Use - Revenue and Forecast to 2028 (USD million)
Table 9. U.A.E Precast Concrete Market, by Structure System - Revenue and Forecast to 2028 (USD million)
Table 10. U.A.E Precast Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meters)
Table 11. U.A.E Precast Concrete Market, by End Use - Revenue and Forecast to 2028 (USD million)
Table 12. Nigeria Precast Concrete Market, by Structure System - Revenue and Forecast to 2028 (USD million)
Table 13. Nigeria Precast Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meters)
Table 14. Nigeria Precast Concrete Market, by End Use - Revenue and Forecast to 2028 (USD million)
Table 15. Egypt Precast Concrete Market, by Structure System - Revenue and Forecast to 2028 (USD million)
Table 16. Egypt Precast Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meters)
Table 17. Egypt Precast Concrete Market, by End Use - Revenue and Forecast to 2028 (USD million)
Table 18. Rest of Middle East and Africa Precast Concrete Market, by Structure System - Revenue and Forecast to 2028 (USD million)
Table 19. Rest of Middle East and Africa Precast Concrete Market, by End Use - Volume and Forecast to 2028 (Million Cubic Meters)
Table 20. Rest of Middle East and Africa Precast Concrete Market, by End Use - Revenue and Forecast to 2028 (USD million)
Table 21. Glossary of Terms, Precast Concrete MarketFigure 1. MEA Precast Concrete Market Segmentation
Figure 2. MEA Precast Concrete Market Segmentation - By Country
Figure 3. MEA Precast Concrete Market Overview
Figure 4. MEA Precast Concrete Market, by Structure System
Figure 5. MEA Precast Concrete Market, By Country
Figure 6. MEA: PEST Analysis
Figure 7. Expert Opinion
Figure 8. MEA Precast Concrete Market Impact Analysis of Driver and Restraints
Figure 9. MEA Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
Figure 10. MEA Precast Concrete Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. MEA Precast Concrete Market Revenue Share, By Structure System (2021 and 2028)
Figure 12. Beam and Column System: MEA Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 13. Floor and Roof System: MEA Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 14. Bearing Wall System: MEA Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 15. Façade System: MEA Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 16. Others: MEA Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. MEA Precast Concrete Market Revenue Share, By End Use (2021 and 2028)
Figure 18. Residential: MEA Precast Concrete Market - Volume and Forecast To 2028 (Million Cubic Meters)
Figure 19. Residential: MEA Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 20. Commercial: MEA Precast Concrete Market - Volume and Forecast To 2028 (Million Cubic Meters)
Figure 21. Commercial: MEA Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 22. Others: MEA Precast Concrete Market - Volume and Forecast To 2028 (Million Cubic Meters)
Figure 23. Others: MEA Precast Concrete Market - Revenue and Forecast To 2028 (US$ Million)
Figure 24. MEA: Precast Concrete Market, by Key Country - Revenue (2021) (US$ Million)
Figure 25. Middle East and Africa: Precast Concrete Market Revenue Share, by Key Country (2021 and 2028)
Figure 26. South Africa: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
Figure 27. South Africa: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 28. Saudi Arabia: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
Figure 29. Saudi Arabia: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 30. U.A.E: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
Figure 31. U.A.E: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. Nigeria: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
Figure 33. Nigeria: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 34. Egypt: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
Figure 35. Egypt: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of Middle East and Africa: Precast Concrete Market - Volume and Forecast to 2028 (Million Cubic Meters)
Figure 37. Rest of Middle East and Africa: Precast Concrete Market -Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Betongindustri AB
- Boral
- CEMEX S.A.B. de C.V.
- Centrum Pile Ltd.
- Consolis
- Forterra
- Gulf Precast
- LafargeHolcim
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 116 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 5841.86 Million |
| Forecasted Market Value ( USD | $ 8355.4 Million |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Africa, Middle East |
