Construction in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The construction market is defined as the value of work put in place annually for both, residential and non-residential construction.
- The Nigerian construction industry had total revenues of $144,515.1 million in 2022, representing a compound annual growth rate (CAGR) of 27.3% between 2017 and 2022.
- The non-residential construction segment accounted for the industry's largest proportion in 2022, with total revenues of $110,386 million, equivalent to 76.4% of the industry's overall value.
- According to in-house research, the proportion of construction in the GVA of Nigeria stood at 9.5% in 2021, up from 7.6% in 2020. However, in 2022, industry growth decelerated due to the conflict between Russia and Ukraine, which led to rising energy prices and disruptions in the supply chain of construction materials.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in Nigeria
- Leading company profiles reveal details of key construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria construction market with five year forecasts
Reasons to Buy
- What was the size of the Nigeria construction market by value in 2022?
- What will be the size of the Nigeria construction market in 2027?
- What factors are affecting the strength of competition in the Nigeria construction market?
- How has the market performed over the last five years?
- What are the main segments that make up Nigeria's construction market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Julius Berger Nigeria Plc
- Reynolds Construction Company (Nigeria) Ltd
- Setraco Nigeria Ltd
- China Civil Engineering Construction Corp
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 39 |
| Published | May 2023 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value ( USD | $ 144.52 Billion |
| Forecasted Market Value ( USD | $ 270.23 Billion |
| Compound Annual Growth Rate | 13.3% |
| Regions Covered | Nigeria |
