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

Mongolia 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 Mongolia is expected to expand by 5.2% in real terms in 2023, down from an annual growth of 7.9% in 2022. This slowing of growth is attributed to rising inflation and higher interest rates and the resulting deterioration of purchasing power. The Russia-Ukraine war is also expected to weigh on the industry's output, given that Mongolia is Russia’s direct southern neighbor, and its economy depends on the import of strategically important goods from Russia.

Over the remainder of the forecast period, GlobalData expects the Mongolian construction industry to record an annual average growth of 4.4% between 2024 and 2027, supported by investment in the transport, electricity, housing, and mining sectors. In March 2023, the Mongolian Government, and the cooperation of United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) announced that they are committed to expanding the capacity and operation of the transportation and logistics sectors in Mongolia. The Mongolian government also intends to construct dry ports and international airports in Khushig Valley, Zamiin-uud port, Altanbulag port and Khovd and Dornod provinces, to increase the carrying capacity of freight transportation, ensure fast clearance, and increase the volume of transit freights.

This report provides detailed market analysis, information and insights into the Mongolian construction industry, including -

• The Mongolian 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 Mongolian 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 Mongolia. It provides -

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