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Bangladesh Construction Market (2021-2025) | Market Growth, Revenue and Forecasts| Future Demand | City Level Analysis | Prominent Players
Bangladesh Construction Market Growth
This Bangladesh Construction market research report incorporates primary attributes like market analysis, market definition, Bangladesh Construction market segmentation, key developments in the market, competitive analysis, and research methodology.
Along with identifying and analyzing the emerging trends in the market, the report also encompasses major drivers, challenges, and opportunities in the market. This Bangladesh Construction market report provides vivid knowledge to discover the general market conditions and tendencies. Clients are furnished with sophisticated market insights and get acquainted with market opportunities in their respective markets from this market report.
Infrastructure construction including the Rooppur nuclear power plant, Karnaphuli river tunnel, Dhaka metro rail, Matarbari power plant, and the Padma Bridge project were also suspended when the virus started spreading in the country. Thus, affecting the growth of the sector in 2020. However, with the resumption of construction activities and the economy opening up again, the construction industry is expected to recover during the next 8 quarters.
However, the growing demand for affordable housing, better healthcare facilities, resumption of infrastructure projects, and the setup of industrial zones in expected to support the recovery of the construction industry in 2021.
The increasing population of the country is expected to be the primary driver of the residential market over the next decade. However, to fulfill the demand for the affordable housing segment in the country, the government will have to put in substantial investment in the sector.
The Bangladeshi government is planning to boost manufacturing exports from the country to US$50 billion per year by 2021. As a result, growth in industrial construction is expected to boost the construction industry as a whole. To boost garment manufacturing in the country, the government has also funded two villages - one in Mirsarai City and another in Gazaria City.
Alongside the industrial sector, construction activities in these two villages will also support the growth of residential and institutional facilities such as schools and hospitals in the country. Meanwhile, the government is also focusing on creating 100 special economic zones in the country. Consisting of tourism zones, townships, and industrial parks, the establishment of economic zones will also boost the construction sector in Bangladesh.
Economic growth and demographic changes are driving increased demand for healthcare services in the country. Rising demand for healthcare services in tier-two cities, as well as rural areas, has resulted in the development of the healthcare system in the country.
Various public hospitals that are funded by the government are undergoing upgrades and expansion activities in their facilities. Moreover, with increasing income and poor quality of public healthcare system, patients are turning to private healthcare providers in the country. As a result, spending on private healthcare is continuously growing in the country. Outlook for the sector remains positive in the mid-to-short term.
Infrastructure construction activities have resumed again as the country comes out of the coronavirus lockdown. The construction of a deep-sea port at the Matarbari has started again. This will support the recovery of the infrastructure sector in 2021.
Additionally, the Asian Development Bank (ADB) has also agreed to provide funding of US$100 million in loans to the government for improving the rural road network. Valued at US$449.23 million, the project of improvement of rural roads in 34 districts across Bangladesh is expected to be completed by 2024.
ADB has also approved a grant of US$200 million for the construction of a power distribution project in Bangladesh. The spending on this project will support the recovery of the sector in 2021.
According to ConsTrack360's Q2 2021 Global Construction Survey, construction industry in Bangladesh is expected to grow by 13.7% to reach US$ 24529.2 million in 2021. Despite near-term challenges in certain construction sectors, medium to long term growth story in Bangladesh remains intact. The construction industry in Bangladesh is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 9.3% during 2021-2025. The construction output in the country is expected to reach US$ 35009.5 million by 2025.
This report from ConsTrack360 provides data and trend analyses on construction industry in Bangladesh, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 140+ charts and 110+ 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.
Scope
Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025 in Bangladesh. KPIs covered include the following:
• Market size by value
• Market size by volume of construction
• Number of units
Bangladesh 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)
• Price point / income level (luxury, mid-tier, affordable)
• Construction stage (new construction, re-development & maintenance)
Bangladesh Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Green building by Housing type (multi family, single family)
• Green building by Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
• Green building by Price point / income level (luxury, mid-tier, affordable)
Bangladesh Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Office (further broken down by Grade A, Grade B, and Grade C)
• Retail (further broken down by Grade A, Grade B, and Grade C)
• Hospitality (further broken down by Grade A, Grade B, and Grade C)
• Restaurant (further broken down by Grade A, Grade B, and Grade C)
• Entertainment
• Sports facility
• Construction stage (new construction, re-development & maintenance)
Bangladesh Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Office green building construction
• Retail green building construction
• Hospitality green building construction
• Restaurant green building construction
• Entertainment green building construction
• Sports facility green building construction
• Other commercial green building construction
• Bangladesh Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)
Bangladesh 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)
Bangladesh Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Healthcare green building construction
• Educational green building construction
Bangladesh 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)
• Bangladesh Green Infrastructure Construction: 10- year market size & forecast in value terms
To get detailed insights and FREE sample Report please click here @ https://www.constrack360.com/reportstore/view/Bangladesh-Construction-Industry-Databook-Series-4017
Reasons to Purchase
• In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of building and infrastructure construction industry in Bangladesh.
• Volume and Value Data: Get detailed understanding of the market both from value and volume (both by activity and units) perspective for historical as well as 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 construction industry.
• City Level Insights: Get city level trend analyses by tier-1, tier-2, and tier-3 cities.
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ConsTrack360 is a global research and advisory firm providing comprehensive, accurate, and unbiased business intelligence platform on construction industry. Through detailed databases and insights, we offer unmatched detailed and unbiased content globally.
With over 100,000 data points and 300+ reports, we help clients gain actionable insights across 50 countries, which directly impact revenues. For more information, please visit our website www.constrack360.com or email us at info@constrack360.com
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