Egypt Prefab Wood Buildings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
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Egypt Prefab Wood Buildings Market Analysis
The egypt's prefab wood buildings market is expected to register at a CAGR of 6% during the forecast period.
- Prefabricated building techniques emerged as a crucial tool for achieving sustainable development in the construction of dwellings worldwide. However, in a limited sense, similar techniques are still employed in housing construction in Egypt.
- One of the key pillars supporting Egyptian economic growth is the housing development industry. Therefore, the nation's prosperity can benefit from any progress in this industry.
- The Egyptian vision for development 2030 strongly emphasized the need to advance the house construction industry under sustainability principles. The three main criteria for strengthening this sector are affordability, implementation speed, and timeframe. It is because there is a 7 million unit backlog in affordable housing.
- For a long time and till today, Egyptian house construction relied mostly on the structural classic concrete cast-in-situ and masonry techniques. Traditional on-site construction techniques are the most widely used and successfully implemented. These systems' construction processes are heavily dependent on the on-site workers' activities, and every aspect of construction is carried out there.
- The coronavirus COVID-19 outbreak significantly influenced the prefabricated building business. The state of the global economy was greatly disturbed, impacting investments in cutting-edge technology like precast concrete. Construction firms suffered a tremendous loss due to the activities suspension, impacting the market for prefabricated buildings. During the projected period, the market is anticipated to exhibit a V-recovery pattern following COVID-19.
Egypt Prefab Wood Buildings Market Trends
Growing Construction Activities in Egypt
Despite supply chain disruptions in the nation, urbanization needs will continue to influence project decisions in 2023, giving the construction industry in Egypt hope for another year of growth.
Construction contract wins in the Arab country could increase by 18% to USD 23.5 billion in 2023 from USD 19.9 billion in 2022. According to data from an industry association, last year's awards in the building industry totaled USD 9.7 billion, followed by those in the industrial (USD 5 billion) and infrastructure (USD 2.7 billion) sectors. Although the sector offers a lot of chances, Egyptian real estate, and construction firms are hoping for more advantageous macroeconomic conditions this year. Due to currency devaluation, inflation, and supply chain disruptions from the Russia-Ukraine conflict, material prices are rising, and imports are becoming more expensive.
To relax import regulations, the Egyptian Central Bank revoked the prerequisite that importers obtain letters of credit in December 2022.
The action and currency devaluations made it difficult for importers to obtain products or forced them to obtain currency on the black market, ultimately increasing inflation.
Growing emphasis on sustainability
With over 250 million metric tons of CO2 emissions, Egypt came in second, followed by Algeria, Nigeria, and Libya. In addition, South Africa and Libya had the highest per-capita CO2 emissions among the African nations. The pressing need to reduce dangerous carbon dioxide emissions in the environment recently significantly impacted contemporary architecture. The construction industry is one of the economic sectors that uses the most energy globally. Buildings, however, can also act as strong, effective, and relatively quick-acting agents to reduce emissions by drastically reducing their energy use.
Sustainable building frequently focuses on producing renewable energy through technological devices and using fossil fuels energy-efficiently. These actions may be viewed as modifications to an even more convenient construction method, oblivious to the possibility of innovating the structure into an intelligent, responsive, or proactive instrument. One of the industries that use the most resources is construction. In Egypt, buildings use 60% of the country's electricity, emit 8% of the nation's CO2 emissions, and encroach on peri-urban, urban, and rural areas. Building envelopes can become productive in being green and producing energy to make up for these consumption habits. It includes applying functional building systems, such as (a) greening systems like plant and farm systems integrated into buildings and (b) solar energy systems like applied and integrated photovoltaics.
Egypt Prefab Wood Buildings Industry Overview
The prefabricated wood construction market is fragmented with several domestic and international businesses several domestic and international businesses. These players are in fierce competition with one another. Customers need continual upgrades and improvements in construction. Therefore the rapidly evolving technical environment is expected to hurt suppliers. Companies are altering and enhancing their unique value proposition to maintain a strong market position.
Egypt Prefab Wood Buildings Market Leaders
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Karmod Prefabricated Technologies
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Ideal EV Prefabrik Evim
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Derix
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Stora Enso
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SIKA Group
*Disclaimer: Major Players sorted in no particular order
Egypt Prefab Wood Buildings Market News
- November 2023: Egyptian ICON’s unit signs contract for $10.66mln Gulf-focused project in Saudi Arabia. The factory aims to cover the Saudi market as well as the Gulf region with all its needs for prefabricated buildings, according to Elwan. Prefabricated Buildings Development Industrial Company, a 100%-owned subsidiary of the Egypt-based listed Industrial Engineering Company for Construction and Development (ICON), has penned a contract to develop a project in Saudi Arabia. Prefabricated Buildings will build a factory in Tabuk at investments worth SAR 40 million to produce prefabricated units and light metal sections (LGS), according to a bourse filing
- December 2022: In a deal valued at USD 600 million, SPAC PHP Ventures Acquisition will float Modulex Modular Buildings, a building technology business headquartered in the UK. For the UK, EU, US, and Indian markets, Modulex is now constructing India's largest steel modular construction plant worldwide. The SPAC agreement will enable funding for five plants in South Korea, Vietnam, Brazil, Egypt, and the United States and will assist Modulex in establishing 15 other facilities in developing nations.
Egypt Prefab Wood Buildings Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Government Regulations and Initiatives
4.7 Technological Trends
4.8 Brief on Different Structures Used in the Prefabricated Buildings Industry
4.9 Cost Structure Analysis of the Prefabricated Buildings Industry
4.10 Impact of Covid 19 on market
5. MARKET SEGMENTATION
5.1 By Panel Systems
5.1.1 Cross-laminated timber (CLT) panels
5.1.2 Nail-laminated timber (NLT) panels
5.1.3 Dowel-laminated timber (DLT) panels
5.1.4 Glue-laminated timber (GLT) columns and beams
5.2 By Application
5.2.1 Single Family Residential
5.2.2 Multi-family Residential
5.2.3 Office
5.2.4 Hospitality
5.2.5 Others
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Karmod Prefabricated Technologies
6.1.2 Ideal EV Prefabrik Evim
6.1.3 Derix
6.1.4 Stora Enso
6.1.5 SIKA Group
6.1.6 DTH Prefabricated Buildings
6.1.7 ICON Egypt
6.1.8 Lida Group
6.1.9 Arabian Construction House
6.1.10 Bouygues Construction*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. APPENDIX
Egypt Prefab Wood Buildings Industry Segmentation
Prefabricated wood construction kits are built from prefabricated parts delivered and fitted on-site, making them resemble life-size Legos. The most popular method for achieving this is the use of prefabricated panels, which can be used to construct entire portions of a building, including glazing packages, roofing components or structure (ceiling, decking, and beams), and building structure (wall panels, beams, columns, and shear paneling).
The Egypt Prefab Wood Building Market is segmented by panel systems (Cross-laminated timber (CLT) panels, Nail-laminated timber (NLT) panels, Dowel-laminated timber (DLT) panels, and Glue-laminated timber (GLT) columns and beams), application (single-family residential, multi-family residential, office, hospitality, and others). The report offers market size and forecast for Egypt's Prefab Wood Building Market in value (USD) for all the above segments.
| By Panel Systems | |
| Cross-laminated timber (CLT) panels | |
| Nail-laminated timber (NLT) panels | |
| Dowel-laminated timber (DLT) panels | |
| Glue-laminated timber (GLT) columns and beams |
| By Application | |
| Single Family Residential | |
| Multi-family Residential | |
| Office | |
| Hospitality | |
| Others |
Egypt Prefab Wood Buildings Market Research Faqs
What is the current Egypt Prefab Wood Buildings Market size?
The Egypt Prefab Wood Buildings Market is projected to register a CAGR of 6% during the forecast period (2024-2029)
Who are the key players in Egypt Prefab Wood Buildings Market?
Karmod Prefabricated Technologies, Ideal EV Prefabrik Evim, Derix, Stora Enso and SIKA Group are the major companies operating in the Egypt Prefab Wood Buildings Market.
What years does this Egypt Prefab Wood Buildings Market cover?
The report covers the Egypt Prefab Wood Buildings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Egypt Prefab Wood Buildings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Egypt Prefab Wood Buildings Industry Report
Statistics for the 2024 Egypt Prefab Wood Buildings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Egypt Prefab Wood Buildings analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
