Cameroon Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

Cameroon Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

Summary

GlobalData expects the construction industry in Cameroon to expand by 5.5% in real terms in 2024 and rebound at an annual average growth of 6.2% over the remainder of the forecast period (2025–28), supported by investments in the infrastructure, industrial and energy and utilities sectors. According to the National Institute of Statistics of Cameroon (NSO), the construction industry’s value add rose by 4.5% year on year (YoY) in Q2 2023, preceded by Y-o-Y growth of 8.4% in Q1 2023 and 8.9% in Q4 2022. In November 2023, the Minister of Economy, Planning and Regional Development announced mega hydropower project, under which, the country aims to build 420MW Hydroelectric Power Station, on the Sanaga River. The CFA832.8 billion ($1.3 billion) project is expected to boost Cameroon's electricity output by 30% and will also supply power to neighboring countries.

The construction industry’s output over the forecast period will also be supported by the government investment under the Stratégie Nationale de Développement 2020–30 plan (National Development Strategy, known as SND30). A part of the plan, the government plans to invest CFA37.5 trillion ($58.5 billion) on flagship plans, programs, and projects until 2030. Of the total, CFA5.9 trillion ($9.2 billion) will be spent on the Energy Plan to upgrade all transmission and distribution networks and boost hydroelectric, solar, thermal, and biomass energy production capacities over the next 10 years. Some of the major projects that will be executed under Energy Plan include the construction of hydroelectric power plants in Grand Eweng, Katsina-Ala, Kikot, Nachtigal-Upstream, and Mouila-Mogue. It also includes the CFA250 billion ($390.2 million) on the Digital Technology Plan to expand the optical fiber network and build two data centers, and the CFA7.9 trillion ($12.3 billion) Multimodal Transport Infrastructure Development Plan between 2021–30.

GlobalData’s Construction in Cameroon – Country Briefing (H1 2024) 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 (2019–2023) and forecast (2024–2028) 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.