Prefabricated Building and Structural Steel Market Industry Trends and Forecast 2022

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Prefabricated building comprises of factory-made units or components that are transported and assembled on the construction site to form the complete building.
One of the major benefits of prefabricated buildings is the saving of time and cost.



Moreover, prefabrication eliminates the need for skilled workers to be present on the construction site, where they often face restricting conditions such as a lack of power and water, exposure to harsh weather conditions or hazardous environments. Structural steel, on the other hand, is a category of steel construction materials that is produced with a particular cross section or shape, wherein the prefabricated parts are installed.

The global prefabricated building market is segmented on the basis of product type into floors and roofs, walls, staircase, panels and lintels, and others. Based on the applications, the residential sector accounts for the largest share, followed by the institutional, commercial, and industrial sectors. Region-wise, North America represents the largest region, holding the largest share. Other major regions include Asia Pacific, Europe, Middle East and Africa (MEA), and Latin America.

The global steel structural market is segmented on the basis of product type including H-type beam, columns, I-type beam, and angles. Based on applications, the institutional sector represents the largest segment, followed by the residential, commercial and industrial sectors. Region-wise, Asia Pacific is the largest market, followed by Europe, North America, Middle East and Africa (MEA), and Latin America.

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Saudi Arabia Prefabricated Building and Structural Steel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

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