Ethiopia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Ethiopia Construction Market Report Overview
The Ethiopia construction market size was $54.8 billion in 2022. The market is projected to attain an AAGR of more than 8% during 2024-2027. The industry’s growth over the forecast period will be attributed to the rising foreign direct investment (FDI) in the country, coupled with the re-start of halted development projects, followed by the easing of the armed conflict. The rising investments in the transport, energy, and industrial sectors will also contribute to the Ethiopia construction market share growth.
Ethiopia Construction Market Outlook, 2022-2027 ($ Billion)
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The Ethiopia construction market research report offers 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 drivers. While discussing the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence the market growth.
Market Size (2022) | $54.8 billion |
AAGR (2024-2027) | >8% |
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 | · Webuild SpA
· China Communications Construction Group Ltd · Power Construction Corporation of China · Kalpataru Ltd · Larsen & Toubro Ltd |
Key Consultants | · China Railway Engineering Group Company Ltd
· China Communications Construction Group Ltd · Studio Ing. G. Pietrangeli Srl · Mannvit Engineering · Dar Al-Handasah Consultants Shair and Partners Holdings Ltd |
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Ethiopia Construction Market Segmentation by Sectors
Infrastructure was the leading sector in the Ethiopia construction market in 2022
The key sectors in the Ethiopia construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2022, the infrastructure construction sector accounted for the highest market share, followed by the residential construction.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Government investments in transport infrastructure projects, primarily in the road and railway sectors will contribute to the sector’s output in the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The residential construction industry’s growth will be supported by rising population and ongoing urbanization in the coming years. Furthermore, the government’s focus on addressing the housing shortage in the country through the construction of affordable houses will contribute to the sector revenue.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The sector growth is attributed to investments in the renewable energy, and oil and gas sectors, coupled with public and private investments to rebuild the energy and water infrastructure that was damaged by the two-year civil war.
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 commercial sector’s growth over the forecast period will be driven by investments in leisure and hospitality, retail, and office building projects.
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 attributed to the government’s focus on boosting domestic production and reducing imports, coupled with investments in the country’s manufacturing sector.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The government’s focus on providing affordable healthcare facilities will boost the sector’s growth during the forecast period.
Ethiopia Construction Market Analysis by Sectors, 2022 (%)
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Ethiopia Construction Market - Competitive Landscape
Webuild SpA emerged as the leading contractor and China Railway Engineering Group Company Ltd as the leading consultant in the Ethiopia construction market in 2022
Some of the leading contractors in the Ethiopia construction market are:
- Webuild SpA
- China Communications Construction Group Ltd
- Power Construction Corporation of China
- Kalpataru Ltd
- Larsen & Toubro Ltd
Foreign contractors account for most of the project pipeline in the Ethiopia construction market. Firms from China are the most common foreign contractors.
Ethiopia Construction Market Analysis by Contractors, 2022 (%)Buy the Full Report to Know More about the Contractors in the Ethiopia Construction Market
A few of the leading consultants in the Ethiopia construction market are:
- China Railway Engineering Group Company Ltd
- China Communications Construction Group Ltd
- Studio Ing. G. Pietrangeli Srl
- Mannvit Engineering
- Dar Al-Handasah Consultants Shair and Partners Holdings Ltd
Consultants with headquarters outside Ethiopia are involved in most of the project pipeline by value. Among foreign-based consultants, firms based in China are involved in 18% of projects in the pipeline in which a foreign consultant is operating.
Ethiopia Construction Market Analysis by Consultants, 2022 (%)
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Scope
This report provides:
- A comprehensive analysis of the construction industry in Ethiopia.
- Historical and forecast valuations of the construction industry in Ethiopia, 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 Ethiopia construction market size in 2022?
The construction market size in Ethiopia was $54.8 billion in 2022.
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What is the Ethiopia construction market growth rate?
The construction market in Ethiopia is projected to achieve an AAGR of more than 8% during 2024-2027.
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Which was the leading sector in the Ethiopia construction market in 2022?
Infrastructure construction was the leading sector in the Ethiopia construction market in 2022.
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Which are the leading contractors in the Ethiopia construction market?
The leading contractors in the Ethiopia construction market are Webuild SpA, China Communications Construction Group Ltd, Power Construction Corporation of China, Kalpataru Ltd, and Larsen & Toubro Ltd among others.
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Who are the leading consultants in the Ethiopia construction market?
The leading consultants in the Ethiopia construction market are China Railway Engineering Group Company Ltd, China Communications Construction Group Ltd, Studio Ing. G. Pietrangeli Srl, Mannvit Engineering, and Dar Al-Handasah Consultants Shair and Partners Holdings Ltd among others.
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