Bangladesh Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Bangladesh Construction Market Overview
The Bangladesh construction market size was $80.7 billion in 2022. The market is projected to achieve an AAGR of more than 6% during 2024-2027. The growth of the market will be supported by investment in rail, electricity, industrial, and telecommunication infrastructure projects.
Bangladesh Construction Market Outlook, 2022-2027 ($ Billion)
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The Bangladesh construction market research report provides detailed market analysis, information, and insights into the Bangladesh construction industry, including the industry’s growth prospects by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Bangladesh construction industry. It also provides an analysis of the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report discusses the sectors in the construction market and provides an overview of each sector along with their driving factors.
Market Size (2022) | $80.7 billion |
AAGR (2024-2027) | >6% |
Forecast Period | 2023-2027 |
Historical Period | 2018-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · State Atomic Energy Corporation Rosatom
· Kajima Corp · Max Group BD · Sumitomo Corp · China Railway Construction Corporation Ltd |
Key Consultants | · BCL Associates Ltd
· PADECO Co Ltd · TYPSA Group · Nippon Koei Co Ltd · Temasek Holdings (Private) Ltd |
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Bangladesh Construction Market Segmentation by Sectors
Residential construction was the leading sector in the Bangladesh construction market in 2022.
The key sectors in the Bangladesh construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The market growth will be supported by investment in the construction of new residential buildings.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The growth of the sector over the forecast period will be supported by investment in the development of Bangladesh’s roads and rail infrastructure.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The growth of the sector over the forecast period will be supported by an improvement in investment in the development of energy infrastructure to increase the share of renewable energy in the total electricity mix and boost the power generation capacity by the end of 2041.
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 growth of the sector will be supported by investment in the Bangladeshi ready-made garments (RMG) sector and the government’s plan to establish 100 Special Economic Zones (SEZ) in the country during 2016–2030.
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 growth of the sector over the forecast period will be supported by a rebound in tourism activities, coupled with investment in retail projects and the government’s focus on easing the visa application process for foreign tourists to boost the country’s travel and leisure sector.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Forecast-period growth in the institutional construction sector will be supported by public and private sector investment in the development of new education and healthcare-building projects.
Bangladesh Construction Market Analysis by Sectors, 2022 (%)
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Bangladesh Construction Market - Competitive Landscape
State Atomic Energy Corporation Rosatom led the Bangladesh construction market in 2022.
Some of the leading contractors in the Bangladesh construction market are:
- State Atomic Energy Corporation Rosatom
- Kajima Corp
- Max Group BD
- Sumitomo Corp
- China Railway Construction Corporation Ltd
Foreign contractors account for a majority share of the project pipeline in the Bangladesh construction market. Japan-based firms are the dominant foreign contractors, being involved in a majority of the projects.
Bangladesh Construction Market Analysis by Contractors, 2022 (%)
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Some of the leading consultants in the Bangladesh construction market are:
- BCL Associates Ltd
- PADECO Co Ltd
- TYPSA Group
- Nippon Koei Co Ltd
- Temasek Holdings (Private) Ltd
BCL Associates Ltd led the market in 2022. Consultants with headquarters outside Bangladesh are involved in most of the project pipeline by value.
Bangladesh Construction Market Analysis by Consultants, 2022 (%)
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Bangladesh Construction Market – Latest Developments
- The Executive Committee of the National Economic Council (ECNEC) approved 18 development projects with an estimated cost of BDT1.1 trillion ($10.4 billion), in June 2023.
- In September 2023, the Asian Infrastructure Investment Bank (AIIB) announced that it will provide BDT464.3 billion ($4.5 billion) to Bangladesh over the next five years.
- In January 2023, the state minister for Power, Energy and Mineral Resources, Nasrul Hamid, announced that the government is aiming to generate 40% of power from clean energy sources by the end of 2041.
Segments Covered in the Report
Bangladesh Construction Sectors Outlook (Value, $ Billion, 2018-2027)
- 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 Bangladesh.
- Historical and forecast valuations of the construction industry in Bangladesh, 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 Bangladesh construction market size in 2022?
The construction market size in Bangladesh was $80.7 billion in 2022.
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What is the Bangladesh construction market growth rate?
The construction market in Bangladesh is projected to achieve an AAGR of more than 6% during 2024-2027.
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Which was the leading sector in the Bangladesh construction market in 2022?
Residential construction was the leading sector in the Bangladesh construction market in 2022.
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Which are the leading contractors in the Bangladesh construction market?
Some of the leading contractors in the Bangladesh construction market are State Atomic Energy Corporation Rosatom, Kajima Corp, Max Group BD, Sumitomo Corp, and China Railway Construction Corporation Ltd among others.
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Who are the leading consultants in the Bangladesh construction market?
Some of the leading consultants in the Bangladesh construction market are BCL Associates Ltd, PADECO Co Ltd, TYPSA Group, Nippon Koei Co Ltd, and Temasek Holdings (Private) Ltd among others.
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