Bangladesh Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
Summary
The construction industry in Bangladesh is expected to grow by 2.1% in real terms in 2023, rebounding from a 2% decline in the previous year. The industry’s growth in 2023 will be supported by investments as part of the Financial Year (FY) 2023-24 (July 2023 to June 2024) Annual Development Program (ADP), which was unveiled in June 2023. The latest ADP involves an expenditure of BDT2.6 trillion ($25.5 billion) in FY2023-24, which is a 11.2% increase compared to the current revised ADP outlay of BDT2.4 trillion ($22.9 billion) in FY2022-23. The transport and communications sector received the highest allocation in the FY2023-24 ADP, equivalent to BDT759.5 billion ($7.4 billion); this is followed by an allocation of BDT443.9 billion ($4.3 billion) for the power and energy sector, BDT298.9 billion ($2.9 billion) for the education sector, and BDT270.5 billion ($2.6 billion) for the housing and community sector.
The Bangladeshi construction industry is expected to register an annual average growth of 6.4% from 2024 to 2027, supported by investment in transport, electricity, industrial, and telecommunication sectors. The Bangladeshi government aims to generate 40% of power from clean energy sources by 2041 and increase power generation capacity to 60,000MW by that year. In July 2023, the Danish companies Copenhagen Infrastructure Partners (CIP) and Copenhagen Offshore Partners (COP) proposed an investment of BDT134.1 billion ($1.3 billion) to the Bangladesh government for the development of an offshore wind energy project off the coast Bay of Bengal. This wind energy project will be able to produce 500MW of green wind energy.
The report provides detailed market analysis, information, and insights into the Bangladeshi construction industry, including -
- The Bangladeshi 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 Bangladeshi 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
- 8 About GlobalData
- 9 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, $ Million, 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: South and South-East Asia, 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 (2015/2016=100), YoY % Change
- Figure 19: Bangladesh, Merchandise Exports, Nominal 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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