Cameroon Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Cameroon Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Summary

The construction industry in Cameroon is expected to expand by 5.5% in real terms in 2024, driven by growing investment in transport infrastructure, energy, and industrial sectors. According to the National Institute of Statistics of Cameroon (NSO), the construction industry’s value-add grew by 3.4% year on year (YoY) in Q4 2023, preceded by Y-o-Y growth of 3.7% in Q3 and 1.5% in Q2 2023. In May 2024, the African Development Bank (AfDB) announced plans to provide CFA1.5 trillion ($2.5 billion) in funding for 26 transportation infrastructure projects. Supported projects include the construction of a road connecting Djoumv (Cameroon) to Ketta (Republic of the Congo), the road linking Bamenda (Cameroon) to Enugu (Southeast Nigeria), and the construction of the Cross River Bridge connecting Mfum (Nigeria) to Ekok (Cameroon). Of the total funding, around CFA334.2 billion ($540 million) will also be directed towards the development of the second phase of the Yaoundé-Douala Highway project in Cameroon.

GlobalData expects Cameroon’s construction industry to register an annual average growth of 6.2% from 2025 to 2028, supported by public-private sector investment in transport and energy infrastructure development, coupled with investment under the Stratégie Nationale de Development 2020-30 plan (National Development Strategy, known as SND30). Through the SND30 initiative, the Cameroonian government aims to increase the overall paved road length from 9,885km in 2023 to 11,300km by 2027, by building an additional 1,415km of paved roads. Additionally, the government is planning to invest CFA37.5 trillion ($60.6 billion) on flagship plans, programs, and projects by 2030, including CFA5.9 trillion ($9.5 billion) on the energy plan to upgrade all transmission and distribution networks and boost hydroelectric, solar, thermal, and biomass energy production capacities. Furthermore, Cameroon Real Estate Corporation (SIC) aims to construct 10,000 high-end apartments and 30,000 social housing units by 2035, which is also expected to drive growth in the residential construction sector.

GlobalData’s Construction in Cameroon - Country Briefing (H2 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.