Tanzania Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Tanzania Construction Market Report Overview
The Tanzania construction market size was $26.5 billion in 2022. The market is projected to achieve an AAGR of more than 7% during 2024-2027. The industry’s output over the forecast period is attributed to growing investments in the transportation, energy, and manufacturing sectors. Additionally, the government’s focus on improving its business environment and attracting FDI is likely to support the industry’s growth over the coming years.
Tanzania Construction Market Outlook, 2022-2027 ($ Billion)
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The Tanzania 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 Tanzania from pre-planning to execution, along with the emerging market trends. In addition, the report gives an overview of the latest developments in the Tanzania construction market.
Market Size (2022) | $26.5 billion |
AAGR (2024-2027) | >7% |
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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Tanzania Construction Market Segmentation by Sectors
Residential construction was the leading sector in the Tanzania construction market in 2022
The key sectors in the Tanzania 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 is attributed to growing investments in housing projects.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. Investments in renewable energy, Liquefied Natural Gas (LNG), water, and telecommunication infrastructure projects will drive the sector’s output during the forecast period.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Growing investments in road, railway, port, and airport infrastructure projects are responsible for the sectoral growth.
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 due to the improvements in tourism activities.
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 the education and healthcare sectors in the country will boost the 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 sector’s growth is owing to the increasing manufacturing, mining, and export activities.
Tanzania Construction Market Analysis by Sectors, 2022 (%)
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Tanzania Construction Market – Latest Developments
- The Tanzanian government’s FY2023-24 (July 2023 to June 2024) Budget has grants to focus on priority areas of the “Third Five-Year National Development Plan”, including sectors such as energy, construction, transport, and tourism.
- In September 2023, the government proposed the construction of a new cashew nuts industrial park on an area of 1,500ha in Nanyamba District, Mtwara Region. The project involves an investment of TZS267.8 billion ($116 million) to build processing plants with a total processing capacity of 300,000 metric tonnes of cashew nuts annually by 2027.
Segments Covered in the Report
Tanzania 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 Tanzania.
- Historical and forecast valuations of the construction industry in Tanzania, 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 Tanzania construction market size in 2022?
The construction market size in Tanzania was $26.5 billion in 2022.
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What is the Tanzania construction market growth rate?
The construction market in Tanzania is projected to achieve an AAGR of more than 7% during 2024-2027.
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Which was the leading sector in the Tanzania construction market in 2022?
Residential construction was the leading sector in the Tanzania construction market in 2022.
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What are the factors driving residential construction in the Tanzania construction market?
The residential sector’s growth over the forecast period will be supported by public and private sector investments in housing projects.
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