Cameroon Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Cameroon 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 Cameroon is expected to have contracted by 2.9% in 2022, owing to the cancellation of key projects in the commercial sector and renewable energy projects in 2022. Additionally, there have been delays in the progress of construction works on many projects. For instance, the Mbalam Iron Ore Rail Line project, which involves a total investment of CFA5.1 trillion ($7.9 billion), was put on hold due to legal disputes between the mining company, Sundance Resources Ltd (SDL) and the government of Cameroon. According to the National Institute of Statistics of Cameroon (NSO), the construction industry’s value add grew by 1.2% YoY in Q2 2022 (the latest data available at the time of writing), preceded by a Y-o-y decline of 6% in Q1 2022 and Y-o-Y growth of 4.1% in Q4 2021. GlobalData forecasts that Cameroon’s construction industry to recover in 2023, growing by 4.2% in real terms and record an annual average growth of 6.1% over the remainder of the forecast period (2024-27), supported by public and private sector investments in the development of the infrastructure and renewable energy sector, coupled with the recovery in tourism sector.

The industry’s forecast period growth will also be supported by the Toll Stations Development Program by the Ministry of Public Works, Cameroon (MoPW) and the Ministry of Finance (MoF) which was launched in Q1 2019. Later, in October 2022, the construction engineering companies Egis Group and Fayat Group secured funding of CFA44.5 billion ($66.7 million) for the construction works of 14 toll stations under the program, which is scheduled to commence in Q1 2023 and reach its completion by the end of 2024.

The report provides detailed market analysis, information and insights into Cameroon’s construction industry, including -

• Cameroon’s 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 Cameroon’s construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Cameroon. It provides -

• Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Cameroon, 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.