Cambodia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Cambodia Construction Market Report Overview
The Cambodia construction market size was $11.6 billion in 2023. The market will achieve an AAGR of more than 6% during 2025-2028 supported by investment in the transport, renewable energy, logistics, and residential sectors.
Cambodia Construction Market Outlook, 2023-2028 ($ Billion)
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The Cambodia 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 Cambodia’s construction market growth in the coming years.
Market Size (2023) | $11.6 billion |
AAGR (2025-2028) | >6% |
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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Cambodia Construction Market Segmentation by Sectors
The residential construction sector accounted for the highest market share in the Cambodia construction market in 2023
The key sectors in the Cambodian 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 ongoing investment in the tourism and service sectors 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 investment in the construction of new manufacturing, and metals and material production plants 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. Public sector investment in the development of the country’s transport infrastructure to improve regional connectivity 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 investment in renewable energy projects as part of the government’s 2030 Electrical Master Plan 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. The investment in healthcare and education construction 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. An increase in the total value of real estate credit provided by banks, in turn, will support the residential sector output over the forecast period.
Cambodia Construction Market Analysis by Sectors, 2023 (%)
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Cambodia Construction Market - Latest Developments
- China’s construction engineering group Shanghai Construction Group commenced construction works on the Cambodian Bassac River Bridge Project, in February 2024. With a total length of 0.85 km, the project will connect Chak Angre Krom to Prek Pra and will be located in the southern part of Phnom Penh City. The construction works are scheduled to be completed by the end of 2027.
- The Phnom Penh Water Authority (PPWSA) signed a KHR432.8 billion ($103.3 million) contract with France-based construction engineering company Vinci Construction Grands Projets (VCGP) for the design and construction of a drinking water treatment plant in Bakheng, in April 2024.
Segments Covered in the Report
Cambodia 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 Cambodia.
- Historical and forecast valuations of the construction industry in Cambodia, 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 Cambodia in 2023?
The construction market size in Cambodia was $11.6 billion in 2023.
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What will the Cambodia construction market growth rate be during the forecast period?
The construction market in Cambodia is projected to achieve an AAGR of more than 6% during 2025-2028.
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Which sector accounted for the highest share of the Cambodia construction market in 2023?
The infrastructure construction sector accounted for the highest market share in the Italian construction market in 2023.
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