The Covid-19 outbreak has severely impacted business and consumer sentiment in Middle East & Africa, leading to building construction sectors recording lowest growth in years. Though recovery is expected to begin starting Q1 2020, it will take at least 6-8 quarters before residential and commercial construction sectors return to a stable growth trajectory. Relatively speaking, the publisher expects growth in affordable housing segment to bounce back faster than mid-tier and luxury segments. Office and retail segments are expected to witness a slow recovery as collapsed demand will take 6-8 quarters to recover completely.
According to the publisher, the building construction industry in Middle East & Africa is expected to record a CAGR of 10.4% to reach USD 468.4 billion by 2024. The residential construction industry in value terms increased at a CAGR of 4.6% during 2015-2019. The commercial building construction market in value terms is expected to record a CAGR of 11.4% over the forecast period.
This report provides data and trend analyses on middle eastern and african building construction industry, with over 80 KPIs. This is a data-centric report and it provides trend analyses with over 1,300+ charts and 1,200+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 30 segments in residential, commercial, industrial, and institutional 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.
In addition to country level analysis, this report offers a detailed market opportunity assessment across top 100 cities, helping clients assess key regions to target within the city.
Report Scope
Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2015-2024 in Middle East and Africa.
KPIs covered include the following:
- Market size by value
- Market size by volume of construction
- Number of units
Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
- Housing type (multi family, single family)
- Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
- Top 10 cities in Country
- Price point / income level (luxury, mid-tier, affordable)
- Construction stage (new construction, re-development, maintenance)
Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
- Office building (further broken down by Grade A, Grade B, and Grade C)
- Retail building
- Hospitality and luxury building
- Restaurant
- Entertainment
- Sports facility
- Construction stage (new construction, re-development, maintenance)
- Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
- Top 10 cities in Country
Industrial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
- Manufacturing plants
- Chemical & pharmaceutical
- Metal & material processing
- Construction stage (new construction, re-development, maintenance)
- Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
- Top 10 cities in Country
Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
- Healthcare construction
- Educational construction
- Public sector
- construction stage (new construction, re-development, maintenance)
- Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
- Top 10 cities in Country
Infrastructure Construction Sectors: 10- year market size & forecast in value terms by
- Marine and inland water infrastructure
- Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
- Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
- Construction stage (new construction, re-development, maintenance)
- Country Covered:
- Turkey
- United Arab Emirates
- Saudi Arabia
- Egypt
- Nigeria
- Qatar
- South Africa
- Oman
- Tanzania
- Kenya
Reason to Buy
- In-depth Understanding of Building Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 30+ market segments and sub-segments of Middle East and Africa building construction industry.
- Volume and Value Data: Get a detailed understanding of the market both from value and volume (both by activity and units) perspective for the historical as well as the forecast period
- Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in the construction industry.
- City Level Insights: Get city level trend analyses to identify unique opportunities across top 100 cities and also by tier-1, tier-2, and tier-3 cities.