Cambodia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Cambodia Construction Market Report Overview
The Cambodia construction market size was $11 billion in 2022. The market is projected to achieve an AAGR of more than 6% during 2024-2027. The industry’s output over the forecast period will be supported by investments in the energy, transport, logistics, and residential sectors. The market growth during the forecast period is attributed to the rising energy demand in the country and the need to increase the share of clean energy in the energy mix. Therefore, the government has planned to develop energy infrastructure under the Power Development Masterplan 2022-2040 (PDP) and the National Energy Efficiency Plan (NEEP).
Cambodia Construction Market Outlook, 2022-2027 ($ Billion)
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The Cambodia construction market report has compiled data on various project types and construction activities across sectors. While discussing the construction projects, our analysts have elucidated the factors responsible for the developments. The report further analyzes the top construction projects in Cambodia from pre-planning to execution, along with the emerging market trends. In addition, the report gives an overview of the latest developments in the Cambodia construction market.
Market Size (2022) | $11 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 |
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Cambodia Construction Market Segmentation by Sectors
Residential construction was the leading sector in the Cambodia construction market in 2022
The key sectors in the Cambodia construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2022, the residential construction sector accounted for the highest market share.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The sector’s growth over the forecast period is attributed to the rising investments in residential building construction. Cambodia’s increasing population, household incomes, and urbanization are contributing to the sector’s output, which will drive demand for greater and improved housing stock.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The growing public and private sector investment in the development of the country’s road and rail transport infrastructure are responsible for the sector’s output.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The factor predicted to drive the sector’s growth over the forecast period is the government’s planned investment in renewable energy generation. Under the Power Development Masterplan 2022-2040 (PDP) and the National Energy Efficiency Plan (NEEP), the government aims to meet rising energy demand and increase clean energy generation.
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 sector’s growth is because of investments in manufacturing production and an improvement in external demand.
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 sector’s growth over the forecast period is owing to investments in the tourism and services sectors.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Investments in healthcare and education construction projects will drive the sector’s growth during the forecast period.
Cambodia Construction Market Analysis by Sectors, 2022 (%)
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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.
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Frequently asked questions
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What was the Cambodia construction market size in 2022?
The construction market size in Cambodia was $11 billion in 2022.
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What is the Cambodia construction market growth rate?
The construction market in Cambodia is projected to achieve an AAGR of more than 6% during 2024-2027.
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Which was the leading sector in the Cambodia construction market in 2022?
Residential construction was the leading sector in the Cambodia construction market in 2022.
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What are the factors driving residential construction in the Cambodia construction market?
The residential sector’s growth over the forecast period will be supported by Cambodia’s increasing population, household incomes, and urbanization.
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