Singapore Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026
The Singapore construction market size was valued at $19.5 billion in 2021 and is expected to achieve an AAGR of more than 4% during 2023-2026. During the forecast period, the growth will be supported by investment on transport, electricity, water and sewage, and housing infrastructure projects.
The Singapore construction market research report provides a detailed analysis of Singapore’s construction industry’s growth prospects by market, project type, and construction activity. It also provides critical insights into the impact of industry trends and issues as well as an analysis of key risks and opportunities in the construction industry. Moreover, it provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Singapore Construction Market Outlook
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Singapore Construction Market Segmentation by Sectors
The key sectors in the Singapore construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction. Industrial construction was the largest sector in Singapore’s construction industry in 2021.
The Commercial Construction Market in Singapore: The commercial construction sector’s growth over the forecast period will be supported by the gradual improvement in tourist arrivals and robust retail sales, coupled with investment on leisure and hospitality, office, retail, and data center projects. |
The Industrial Construction Market in Singapore: The industrial construction sector’s growth will be supported by a rebound in manufacturing and export activity.
The Infrastructure Construction Market in Singapore: The infrastructure sector’s output over the forecast period will be supported by the government’s focus on improving regional connectivity through the development of transport infrastructure. The Energy & Utilities Construction Market in Singapore: Forecast-period growth in the energy and utilities sector will be supported by investment on renewable energy, water, sewage, and telecommunication infrastructure projects. The Institutional Construction Market in Singapore: The sector’s output over the forecast period will be supported by investment on health, education, and research projects. The Residential Construction Market in Singapore: The residential construction sector’s output over the forecast period will be supported by the government’s focus on developing affordable housing in the country. The HDB plans to construct up to 100,000 BTO flats from 2021 to 2025. |
Singapore Construction Market Analysis by Sectors
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Singapore Construction Market – Competitive Landscape
The leading contractors in the Singapore construction market are Samsung Group, Shanghai Urban Construction (Group) Corp, Penta-Ocean Construction Co Ltd, China Communications Construction Group Ltd, Wai Fong Construction Pte Ltd, Toda Corp, Hock Lian Seng Holdings Ltd, Vinci SA, Nishimatsu Construction Co Ltd, and China Minmetals Corp. Samsung Group has the highest project value in the Singapore construction market.
Singapore Construction Market Analysis by Contractors
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The leading consultants in the Singapore construction market are Bartley Investments Pte. Ltd., Arup Group Ltd, SAA Architects Pte Ltd, AECOM, Lowe Enterprises Inc, DP Architects Pte Ltd, Tritech Consultants, KCAP Architects & Planners, S333 Architecture + Urbanism Ltd, and Hassell Studios. Bartley Investments Pte. Ltd has the highest project value in the Singapore construction market.
Singapore Construction Market Analysis by Consultants
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Singapore Construction Market Report Overview
Market Size (2021) | $19.5 billion |
AAGR (2023 – 2026) | >4% |
Key Sectors | Commercial Construction, Industrial Construction, Infrastructure Construction, Energy & Utilities Construction, Institutional Construction, and Residential Construction |
Leading Contractors | Samsung Group, Shanghai Urban Construction (Group) Corp, Penta-Ocean Construction Co Ltd, China Communications Construction Group Ltd, Wai Fong Construction Pte Ltd, Toda Corp, Hock Lian Seng Holdings Ltd, Vinci SA, Nishimatsu Construction Co Ltd, and China Minmetals Corp. Samsung Group has the highest project value in the Singapore construction market |
Leading Consultants | Bartley Investments Pte. Ltd., Arup Group Ltd, SAA Architects Pte Ltd, AECOM, Lowe Enterprises Inc, DP Architects Pte Ltd, Tritech Consultants, KCAP Architects & Planners, S333 Architecture + Urbanism Ltd, and Hassell Studios. Bartley Investments Pte. Ltd has the highest project value in the Singapore construction market |
Scope
This report provides a comprehensive analysis of the construction industry in Singapore. It provides –
- Historical and forecast valuations of the construction industry in Singapore, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy & utilities, institutional and residential) 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
List of Tables
List of Figures
Frequently Asked Questions
The construction market size in Singapore was valued at $19.5 billion in 2021.
The construction market in Singapore is expected to achieve an AAGR of more than 4% during 2023-2026.
The key sectors in the Singapore construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction.
The leading contractors in the Singapore construction market are Samsung Group, Shanghai Urban Construction (Group) Corp, Penta-Ocean Construction Co Ltd, China Communications Construction Group Ltd, Wai Fong Construction Pte Ltd, Toda Corp, Hock Lian Seng Holdings Ltd, Vinci SA, Nishimatsu Construction Co Ltd, and China Minmetals Corp.
The leading consultants in the Singapore construction market are Bartley Investments Pte. Ltd., Arup Group Ltd, SAA Architects Pte Ltd, AECOM, Lowe Enterprises Inc, DP Architects Pte Ltd, Tritech Consultants, KCAP Architects & Planners, S333 Architecture + Urbanism Ltd, and Hassell Studios. Bartley Investments Pte. Ltd has the highest project value in the Singapore construction market.
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