Tanzania Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026

Tanzania Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026

Summary

GlobalData expects Tanzania’s construction industry to grow by 4% in 2022, following growth of 4.3% in 2021, supported by the increased investments in infrastructure development, such as the construction of railways, roads, and an airport, coupled with spending on improving the provision of a wider and more reliable electricity network, transportation service improvements, and an increase in mineral extraction, particularly gold and coal. According to Tanzania National Bureau of Statistics (NBS), the construction industry’s value add grew by 4.7% year on year (YoY) in the first half of 2022.

The construction industry in Tanzania is expected to record average growth of 7% over the remainder of the forecast period (2023-26), supported by developments in energy, transport, housing, and industrial infrastructure). In August 2022, an agreement was signed between the Tanzania Electric Supply Company (TANESCO) and Masdar, the UAE-owned renewable energy company, to develop 2GW of renewable energy capacity in Tanzania. Initially, the joint venture between TANESCO and Masdar will start working on developing 600MW of capacity across solar photovoltaic (PV) and onshore wind assets as Tanzania has goals to reach a nationwide electrification rate of 75% by 2035. The government has plans to increase the renewable capacity by 6,000MW by 2025. This includes projects such as the 2,100 MW Julius Nyerere Hydropower, the 358MW Ruhugii and the 222MW Rumakali Hydropower

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

• Tanzania’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 Tanzania’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 Tanzania. It provides -

• Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Tanzania, 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.