Bangladesh Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027
Summary
The construction industry in Bangladesh is expected to expand by 2.1% in 2023, supported by investments as part of the FY2022/2023 Annual Development Program (ADP). The National Economic Council approved the Revised Annual Development Program (RADP) in March 2023 that includes an allocation of BDT2.3 trillion ($22.3 billion), prioritizing the transport and communication sector. A total of 1,525 projects are included under the RADP, of which, 1,410 are investment projects and 115 are technical assistance projects. The growth will also be supported by the launch of the national bridge program in January 2023 by the country’s Roads and Highways Department. The program involves the construction of 14 bridges across Mymensingh, Barishal, Chattogram and Khulna. The country is expected to receive a BDT154.8 billion ($1.5 billion) loan from the International Monetary Fund (IMF) in May 2023. In addition, the World Bank will provide a BDT51.6 billion ($500 million) loan in May 2023 and another BDT98 billion ($950 million) will be provided by Japan, Asian Development Bank (ADB), and the Asian Infrastructure Investment Bank (AIIB) by the end of May 2023.
The Bangladeshi construction industry is expected to register an annual average growth rate of 6.4% from 2024 to 2027, supported by investment in energy, transport, industrial and telecommunication infrastructure projects. Growth over the forecast period will be supported by the construction of a power distribution system under the Modernization of Power Distribution System Program. Under this program, in February 2023, the Bangladesh Rural Electrification Board (BREB) received a BDT17 billion ($165 million) from Asian Infrastructure Investment Bank (AIIB). The construction works are expected to commence by the end of 2023 and are scheduled to be completed by June 2025. As part of the Eighth Five-Year Plan (8FYP) approved in December 2021, the government aims to increase the total installed electricity generation capacity from 24GW in FY2020/2021 to 30GW by FY2024/2025 and increase the share of renewable energy in the total electricity mix from 4.5% to 10% and the length of the targeted new railway network from 3,400km to 3,800km during the same period.
The report provides detailed market analysis, information and insights into the Lithuanian construction industry, including -
- The Lithuanian construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Lithuanian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Bangladesh. It provides -
- Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Bangladesh, 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
- 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.
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Context
- 3.1 Economic Performance
- 3.2 Political Environment and Policy
- 3.3 Demographics
- 3.4 Risk Profile
- 4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- 5 Key Industry Participants
- 5.1 Contractors
- 5.2 Consultants
- 6 Construction Market Data
- 7 Appendix
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 7.4 GlobalData Construction
- Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Bangladesh, Key Economic Indicators
- Table 3: Bangladesh, Commercial Construction Output by Project Type (Real % Change), 2018-27
- Table 4: Bangladesh, Top Commercial Construction Projects by Value
- Table 5: Bangladesh, Industrial Construction Output by Project Type (Real % Change), 2018-27
- Table 6: Bangladesh, Top Industrial Construction Projects by Value
- Table 7: Bangladesh, Infrastructure Construction Output by Project Type (Real % Change), 2018-27
- Table 8: Bangladesh, Top Infrastructure Construction Projects by Value
- Table 9: Bangladesh, Energy and Utilities Construction Output by Project Type (Real % Change), 2018-27
- Table 10: Bangladesh, Top Energy and Utilities Construction Projects by Value
- Table 11: Bangladesh, Institutional Construction Output by Project Type (Real % Change), 2018-27
- Table 12: Bangladesh, Top Institutional Construction Projects by Value
- Table 13: Bangladesh, Residential Construction Output by Project Type (Real % Change), 2018-27
- Table 14: Bangladesh, Top Residential Construction Projects by Value
- Table 15: Bangladesh, Key Contractors
- Table 16: Bangladesh, Key Consultants
- Table 17: Bangladesh, Construction Output Value (Real, $ Million)
- Table 18: Bangladesh, Construction Output Value (Nominal, BDT Billion)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: South and South-East Asia, Construction Output (Real % Change), 2021-27
- Figure 2: Bangladesh, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
- Figure 3: Bangladesh, Risk Summary
- Figure 4: Bangladesh, Risk Regional Comparison
- Figure 5: Bangladesh, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018-27
- Figure 6: Bangladesh, Construction Output Value, by Sector (Real, $ Million), 2018-27
- Figure 7:Bangladesh, Construction Value Add at Constant Market Price (FY2015-16 Prices, BDT Billion)
- Figure 8:Bangladesh, Total Private Sector Bank Advances to Construction (BDT Billion)
- Figure 9: Bangladesh, Construction Projects Momentum Index
- Figure 10: Region, Construction Projects Momentum Index
- Figure 11: Bangladesh, Commercial Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 12: Bangladesh, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 13:Bangladesh, Wholesale and Retail Trade Value Add at Constant Market Price (FY2015-16 Prices, BDT Billion)
- Figure 14: Bangladesh, Accommodation and Food Services Value Add at Constant Market Price (FY2015-16 Prices, BDT Billion)
- Figure 15: Bangladesh, Industrial Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 16: Bangladesh, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 17: Bangladesh, Manufacturing Value Add at Constant Market Price (FY2015-16 Prices, BDT Billion)
- Figure 18: Bangladesh, Production Index (2005/2006=100), YoY % Change
- Figure 19: Bangladesh, Merchandise Exports, In BDT Billion
- Figure 20: Bangladesh, RMG Exports, In $ Million
- Figure 21: Bangladesh, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 22: Bangladesh, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 23: Bangladesh, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 24: Bangladesh, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 25: Bangladesh, Electricity, Gas and Water Supply Value Add at Constant Market Price, % Change, YoY (FY2015-16=100, BDT Billion)
- Figure 26: Bangladesh, Institutional Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 27: Bangladesh, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 28: Bangladesh, Education and Healthcare Value Add at Constant Market Price(FY2015-16=100, BDT Billion)
- Figure 29: Bangladesh, Residential Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 30: Bangladesh, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 31: Bangladesh, Real Estate Value Add at Constant Market Price (FY2015-16=100, BDT Billion)
- Figure 32: Bangladesh, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 33: Bangladesh, Headquarters of Key Consultants (% of Total Project Pipeline)
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