Tunisia Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027
Tunisia Construction Market Report Overview
The Tunisia construction market size was $4 billion in 2022. The market is projected to achieve an AAGR of more than 3% during 2024-2027, supported by investment in energy and housing sector and an increase in foreign direct investment (FDI).
Tunisia Construction Market Outlook, 2022-2027
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The Tunisia construction market research report provides detailed market analysis, information, and insights into the Tunisia construction industry, including the growth prospects of the industry by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Tunisia construction industry. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
| Market Size (2022) | $4 billion |
| AAGR (2024-2027) | >3% |
| Forecast Period | 2023-2027 |
| Historical Period | 2018-2022 |
| Key Sectors | Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction |
Tunisia Construction Market Segmentation by Sectors
The key sectors in the Tunisia construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. Infrastructure construction led the Tunisia construction market in 2022.
Commercial construction: The commercial construction sector is expected to contract by more than 2% in 2023, given the economic crisis triggered by rising inflation. However, continued improvement in the tourism sector, increased investment in the tourism, leisure, and hospitality markets will help to support commercial construction output in the coming years. Majda Investment Company is undertaking the construction of a five-star hotel on a plot area of 220,000m2 at Gammarth in Tunis Governorate.
Industrial construction: The industrial construction sector is anticipated to shrink by more than 3% in 2023, as investment is weighted down by political instability and high unemployment. However, the industrial sector’s output is expected to recover in 2024, with the sector recording an annual average growth of more than 2% over the remainder of the forecast period (2024–27), assuming a recovery in industrial output and an improvement in the wider economy.
Infrastructure construction: GlobalData expects the infrastructure construction sector to contract in 2023, due to rising inflation, a worsening fiscal position, and poor infrastructure project execution, resulting in cost overruns and project cancellations. However, over the remainder of the forecast period, the infrastructure construction sector is expected to record an annual average growth of 3.6%, supported by the development of transportation networks, coupled with better guidance in the execution of projects funded by major financial institutions.
Energy and utilities construction: The energy and utilities construction sector is anticipated to shrink by more than 1% in 2023, as a result of logistical disruptions, higher raw material prices, and labour shortages. However, over the remainder of the forecast period, between 2024 and 2027, the energy and utility sector’s output is expected to grow at an annual average rate of more than 3%, supported by the government’s focus on development of energy infrastructure—particularly renewable energy infrastructure.
Institutional construction: The institutional construction sector is expected to contract by more than 3% in 2023, owing to lower investments in the healthcare and educational sectors because of increased construction costs of production, financial imbalances, rising inflationary rates and political instability. However, over the remainder of the forecast period, the sector is expected to recover and register an annual average growth of more than 2% from 2024 to 2027, supported by the investments on health and education projects.
Residential construction: GlobalData expects the residential construction sector to decline by more than 2% in 2023 in real terms due to rising construction costs, increasing housing prices, high unemployment rate, fall in real per capita income, and insufficient funding for public housing development projects.
Tunisia Construction Market Analysis by Sectors, 2022 (%)
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Segments Covered in the Report
Tunisia Construction Sectors Outlook (Value, US$ Million, 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 Tunisia. It provides
- Historical and forecast valuations of the construction industry in Tunisia, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and 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 Tunisia was $4 billion in 2022.
The construction market in Tunisia is projected to achieve an AAGR of more than 3% during 2024-2027.
Infrastructure construction was the leading sector in the Tunisia construction market in 2022.
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