The Steel Building Market in MEA will Register a CAGR of Over 6% by 2024 | Technavio
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Technavio has announced its latest market research report titled Steel Building Market in MEA by Product and End-user - Forecast and Analysis 2020-2024
The steel building market in MEA is poised to grow by USD 1.39 billion between 2020-2024, progressing at a CAGR of over 6% during the forecast period.
The growing number of employed people boosts investments in banking, realty, telecommunication, retail, and education sectors. Moreover, there is a rise in investments in the healthcare, hospitality, and infrastructure sectors in tourist destinations such as the UAE, Saudi Arabia, and Israel. Furthermore, the steel building market growth in the MEA can also be attributed to the rapid investment in the services and tourism sectors. These factors result in an increased demand for structural steel for PreEngineered buildings (PEB) and steel structures in
The growing number of employed people boosts investments in banking, realty, telecommunication, retail, and education sectors. Moreover, there is a rise in investments in the healthcare, hospitality, and infrastructure sectors in tourist destinations such as the UAE, Saudi Arabia, and Israel. Furthermore, the steel building market growth in the MEA can also be attributed to the rapid investment in the services and tourism sectors. These factors result in an increased demand for structural steel for PreEngineered buildings (PEB) and steel structures in residential, commercial, and industrial sectors, driving the steel building market growth.
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