Zambia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Zambia Construction Market Report Overview
The Zambia construction market size was $5.4 billion in 2023. The market will achieve an AAGR of more than 3% during 2025-2028 supported by investments in the development of the transport sector, renewable energy, mining, manufacturing, residential and commercial construction projects.
Zambia Construction Market Outlook, 2023-2028 ($ Billion)
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The Zambia construction market research report gives a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence Zambia’s construction market growth in the coming years.
Market Size (2023) | $5.4 billion |
AAGR (2025-2028) | >3% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
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Zambia Construction Market Segmentation by Sectors
The residential construction sector accounted for the highest market share in the Zambia construction market in 2023
The key sectors in the Zambia construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The improvement in the tourism industry, coupled with the investment in leisure and hospitality will drive the commercial sector’s growth during the forecast period.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The government investment in the manufacturing and automotive sectors will drive the sector’s growth during the forecast period.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Government investments in upgrading the country’s motorways, road, and railway infrastructure will support the infrastructure sector’s output during the forecast period.
Energy and utility construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The development of renewable energy infrastructure and oil and gas projects will drive the sector growth during 2025-2028.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Investments in educational, healthcare, and research-building projects will fuel the growth of the institutional construction sector during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. Public and private sector investments in housing projects, in turn, will support the residential sector output over the forecast period.
Zambia Construction Market Analysis by Sectors, 2023 (%)
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Zambia Construction Market - Latest Developments
- China’s state-owned company Power Construction Corporation of China (PowerChina) commenced the construction works of the Kabwe 100MW photovoltaic power generation project in February 2024. The project is located 35km southeast of Kabwe Town.
- In December, the Zambezi River Authority (ZRA) reported that the ongoing construction works of the Kariba Dam Rehabilitation project had been NUM0 completed. The Kariba Dam Rehabilitation project on the Zambezi River between Zambia and Zimbabwe was NUM0 completed, as reported by the Zambezi River Authority (ZRA) in December.
Segments Covered in the Report
Zambia Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in Zambia.
- Historical and forecast valuations of the construction industry in Zambia, featuring details of key growth drivers.
- Segmentation by sector 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.
Reasons to Buy
- Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData’s critical and actionable insight.
- Assess business risks, including cost, regulatory, and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
Table
Figures
Frequently asked questions
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What was the construction market size in Zambia in 2023?
The construction market size in Zambia was $5.4 billion in 2023.
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What will the Zambia construction market growth rate be during the forecast period?
The construction market in Zambia is projected to achieve an AAGR of more than 3% during 2025-2028.
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Which sector accounted for the highest share of the Zambia construction market in 2023?
The residential construction sector accounted for the highest market share in the Italian construction market in 2023.
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