Nigeria Construction Industry Growth Momentum Expected to Continue at a CAGR of 7.7% In 4 years

Date:

The “Nigeria Construction Industry Databook Series – Market Size & Forecast by Value and Volume (area and units) across 40+ Market Segments in Residential, Commercial, Industrial, Institutional, Infrastructure Construction and City Level Construction by Value , Q4 2022 Update” report has been added to ResearchAndMarkets.com’s offering.

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The construction industry in Nigeria is expected to grow by 9.0% to reach NGN 8,993 billion in 2022.

Despite near-term challenges in certain construction sectors, medium to long term growth story in Nigeria remains intact. The construction industry in Nigeria is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 7.7% during 2022-2026. The construction output in the country is expected to reach NGN 12,080.6 billion by 2026.

Scope

Market Data and Insights:

This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025 in Nigeria.

KPIs covered include the following:

Market size by value
Market size by volume of construction
Number of units
Nigeria Top Cities Construction Data

Nigeria Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

Housing type (multi family, single family)
Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
Price point/income level (luxury, mid-tier, affordable)
Construction stage (new construction, re-development & maintenance)
Nigeria Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

Green building by Housing type (multi family, single family)
Green building by Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
Green building by Price point/income level (luxury, mid-tier, affordable)
Nigeria Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

Office (further broken down by Grade A, Grade B, and Grade C)
Retail (further broken down by Grade A, Grade B, and Grade C)
Hospitality (further broken down by Grade A, Grade B, and Grade C)
Restaurant (further broken down by Grade A, Grade B, and Grade C)
Entertainment
Sports facility
Construction stage (new construction, re-development & maintenance)
Nigeria Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

Office green building construction
Retail green building construction
Hospitality green building construction
Restaurant green building construction
Entertainment green building construction
Sports facility green building construction
Other commercial green building construction
Nigeria Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)

Nigeria Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

Healthcare construction
Educational construction
Public sector
Construction stage (new construction, re-development & maintenance)
Nigeria Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

Healthcare green building construction
Educational green building construction
Nigeria Infrastructure Construction Sectors: 10- year market size & forecast in value terms by

Marine and inland water infrastructure
Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
Construction stage (new construction, re-development & maintenance)
Nigeria Green Infrastructure Construction: 10- year market size & forecast in value terms

Reasons to buy
In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of building and infrastructure construction industry in Nigeria.
Top Ten Cities Construction Value Data
Volume and Value Data: Get detailed understanding of the market both from value and volume (both by activity and units) perspective for historical as well as forecast period
Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in construction industry.
City Level Insights: Get city level trend analyses by tier-1, tier-2, and tier-3 cities.

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