DUBLIN--(BUSINESS WIRE)--Feb 3, 2020--
The “Middle East and Africa Construction Industry Databook Series - Market Size & Forecast (2014 - 2023) by Value and Volume across 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure Construction, - Updated in Q3, 2019” report has been added to ResearchAndMarkets.com’s offering.
The African construction industry is one of the fastest growing regions globally and is expected to increase at a CAGR of 6.9%, over the forecast period. Infrastructure construction in East African countries, namely Ethiopia, Kenya, Rwanda, Mozambique and Tanzania, is expected to post robust growth over the forecast period.
The construction industry is becoming a key driver for African economies, accounting for 10-15% of GDP. Development in the region is attracting investment from all over the globe, which is further creating opportunities and boosting the workforce in the construction of residential, commercial, institutional, and industrial buildings. There is also increased focus on prefabricated construction and sustainability. Affordable housing, a part of residential development, is one of the key pillars of growth that aims to transform the construction industry.
The construction industry in Morocco is likely to grow in line with the country’s economic expansion. Whereas, Morocco’s construction industry is projected to rise at a CAGR of 7.0%, over the forecast period.
Infrastructure construction in West African countries such as Nigeria, Ghana, Senegal, and Ivory Coast also shows steady acceleration during the forecast period. The push comes in line with the government plans that aim to revitalize the economy.
The Middle Eastern & African construction industry is expected to record a CAGR of 6.9% to reach US$ 565.6 billion by 2023. The residential construction industry in value terms increased at a CAGR of 3.3% during 2014-2018. The commercial building construction market in value terms is expected to record a CAGR of 8.2% over the forecast period. The infrastructure construction was estimated to be US$ 143.8 billion in 2018, posting a CAGR of 2.0% during review period.
This report provides data and trend analyses on the Middle Eastern and African construction industry, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 1,500+ charts and 1,200+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.
It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.
Market Data and Insights:This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2014-2023 in Middle East and Africa. KPIs covered include the following:
Residential Building Construction Coverage:10-year market size & forecast in value and volume (area and units) terms by:
Commercial Building Construction Coverage:10-year market size & forecast in value and volume (area and units) terms by:
Industrial Building Construction Coverage:10-year market size & forecast in value and volume (area and units) terms by:
Institutional Building Construction Coverage:10-year market size & forecast in value and volume (area and units) terms by:
Infrastructure Construction Sectors:10- year market size & forecast in value terms by:
For more information about this report visit https://www.researchandmarkets.com/r/pvsbrx
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KEYWORD: MIDDLE EAST AFRICA
INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2020.
PUB: 02/03/2020 05:37 AM/DISC: 02/03/2020 05:37 AM
http://www.businesswire.com/news/home/20200203005336/en
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2020-02-03 10:42:42Z
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