Cameroon Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027

Cameroon Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027

Summary

The construction industry of Cameroon is expected to expand by 2.4% in 2023 and record an annual average growth of 6.1% over the remainder of the forecast period (2024-27), supported by increased oil revenue on the back of high global crude oil prices along with the development of energy and infrastructure projects. According to the State oil company, National Hydrocarbons Corporation (SNH) of Cameroon, the production of oil reached at 8.01 million tons in Q1 2023, a 2.2% year on year (YoY) growth compared with the output recorded in the same period in 2022, while that natural gas production stood at 916 million m3 in the first quarter of this year, a 4.5% YoY growth compared to Q1 2022 production.

Over the medium to long term, the construction industry’s growth will be supported by the Stratégie Nationale de Développement 2020-30 (National Development Strategy, known as SND30), unveiled in November 2020, under which the government plans to invest CFA37.5 trillion ($64.5 billion) on flagship plans, programs, and projects until 2030. Of the total, CFA5.9 trillion ($10.1 billion) will be spent on the Energy Plan to upgrade all transmission and distribution networks. Under the Energy Plan, the government plans to boost hydroelectric, solar, thermal, and biomass energy production capacities over the next 10 years. The government plans to increase grid capacity from 1,500MW in 2021 to 5,000MW by 2030. Some of the major projects that will be executed under this plan include the construction of hydroelectric power plants in Grand Eweng, Katsina-Ala, Kikot, Nachtigal-Upstream, and Mouila-Mogue.

The report provides detailed market analysis, information and insights into the 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.