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Bangladesh Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

Bangladesh Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

  • August 2022
  • 49 pages
  • ID: 6276915
  • Format: PDF
  • GlobalData

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Bangladesh Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

Summary
The analyst has revised down its estimated growth for Bangladesh’s construction industry in 2022, with the industry now expected to expand by 4% in real terms this year, down from the prior estimate of a 7.2% growth. This downward revision is attributed to headwinds caused by supply chain disruptions, rising commodity prices, surging inflation, a rising current account deficit, depleted foreign exchange reserve, and the depreciation of the local currency. To ease the strain on foreign reserves, the government announced certain austerity measures in May 2022, including temporarily postponing the construction of low-priority projects.

The Bangladeshi construction industry is expected to register an annual average growth rate of 5.7% from 2023 to 2026, supported by investment on electricity, transport, industrial, and telecommunication infrastructure projects. As part of the Eighth Five-Year Plan (8FYP) approved in December 2021, the government aims to increase the total installed electricity generation capacity from 24GW in FY2020/2021 to 30GW by FY2024/2025, as well as the share of renewable energy in the total electricity mix from 4.5% to 10%, the total length of the targeted four-lane road from 50km to 200km, and the length of the targeted new railway network from 3,400km to 3,800km during the same period. In addition to this, assistance from several international financial institutions is expected to support the construction industry’s growth over the coming years. In March 2022, the World Bank approved financing of BDT30.8 billion ($358 million) to support the government’s improvements to road safety in Bangladesh. Moreover, in early July 2022, the World Bank signed a BDT44.3 billion ($515 million) loan agreement with the Bangladeshi Government to improve rural electrification.

The report provides detailed market analysis, information, and insights into Bangladesh’s construction industry, including -
- Bangladesh’s construction industry’s growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Bangladesh’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope
This report provides a comprehensive analysis of the construction industry in Bangladesh.

It provides -
- Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Bangladesh, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants

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