Cameroon Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Cameroon Construction Market Report Overview
The Cameroon construction market size was $4.3 billion in 2023. The market will achieve an AAGR of more than 6% during 2025-2028. Government investments to support transportation and housing infrastructure will be the key driving force behind the country’s construction sector growth during the projected period.
Cameroon Construction Market Outlook, 2023-2028 ($ Billion)
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The Cameroon construction market research report provides detailed market analysis, information, and insights into the Cameroon 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 and an analysis of key risks and opportunities in the Cameroon construction industry. It also analyzes 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 (2023) | $4.3 billion |
AAGR (2025-2028) | >6% |
Forecast Period | 2023-2028 |
Historical Period | 2018-2023 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
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Cameroon Construction Market Segmentation by Sectors
Infrastructure construction was the leading sector in the Cameroon construction market in 2023.
The key sectors in the Cameroon construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The resurgence of commercial activities combined with increased investments in the leisure, hospitality, and recreational markets as well as an expected increase in the inflow of foreign tourists in Cameroon will be key driving factors for the sector’s growth.
Industrial construction: The government’s focus on the construction of industrial plants in the country will support market growth during the forecast period. As part of NDS30, unveiled in November 2020, the country plans to integrate Industrialization Master Plan (IMP), adopted in 2016, with the other sectors such as manufacturing and electricity sectors to support the development of industries in the country and aims to raise its rank in Newly Industrialized Countries (NICs) by 2035.
Infrastructure construction: The growth of the sector in 2023 is supported by the government’s execution of road construction development plans. Over the remainder of the forecast period, the government plans to expand the country’s road network by 121% in the next 13 years and the allocated budget will be used for maintaining and upgrading the road network in the country.
Energy and utilities construction: The government’s initiative to increase the country’s power capacity, coupled with investments in water infrastructure projects will boost the sector’s growth. In November 2023, the World Bank and the African Development Bank (AfDB) announced a plan to invest CFA480.5 trillion ($750 million) in the Cameroon-Chad Interconnection Project. The project involves the construction of 1,556km of new transmission lines between Cameroon and Chad, 1,318km of which will be in Cameroon.
Institutional construction: The government’s effort to provide better healthcare and education facilities throughout the country will drive the growth of the sector. As a part of NDS30, the government plans to expand basic education infrastructure to raise the average level of education and reform basic education administration in the country.
Residential construction: The government’s focus on increasing public and private housing supply to address the housing shortage in the country will drive the residential sector’s growth. In early December 2023, the government announced its plan to construct 550 new housing units in the cities of Douala and Yaounde in 2024. Moreover, in the latest budget, the government revealed plans to construct 335 social housing units in the country.
Cameroon Construction Market Analysis by Sectors, 2023 (%)
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Cameroon Construction Market – Latest Developments
- In January 2024, Cameroon’s State Real Estate Company (SIC), announced its plan to construct 3,000 housing units during 2024-26. The project commenced in January 2024 and includes the construction of 538 housing units in Garoua, 432 housing units in Maroua, and 276 in Sangmélima.
- In December 2023, the World Bank and the African Development Bank planned to invest CFA8.9 trillion ($14 billion) in the development of railway infrastructure that will span across an area of 149km. The construction is estimated to begin in August 2024 and is scheduled to be completed in 2027.
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Segments Covered in the Report
Cameroon 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 Cameroon.
- Historical and forecast valuations of the construction industry in Cameroon, 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 Cameroon construction market size in 2023?
The construction market size in Cameroon was $4.3 billion in 2023.
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What is the expected Cameroon construction market growth rate for the forecast period?
The construction market in Cameroon is projected to achieve an AAGR of more than 6% during 2025-2028.
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Which was the leading sector in the Cameroon construction market in 2023?
Infrastructure construction was the leading sector in the Cameroon construction market in 2023.
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