The construction industry in Nigeria is expected to grow by 9.0% to reach NGN 8,993 billion in 2022.
Despite near-term challenges in certain construction sectors, the medium to long-term growth story in Nigeria remains intact. The construction industry in Nigeria is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 7.7% during 2022-2026. The construction output in the country is expected to reach NGN 12,080.6 billion by 2026.
Market Data and Insights:
This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025 in Nigeria.
KPIs covered include the following:
- Market size by value
- Market size by volume of construction
- Number of units
Nigeria Top Cities Construction Data
Nigeria Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
- Housing type (multi-family, single-family)
- Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
- Price point/income level (luxury, mid-tier, affordable)
- Construction stage (new construction, re-development & maintenance)
Nigeria Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
- Green building by Housing type (multi-family, single-family)
- Green building by Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
- Green building by Price point/income level (luxury, mid-tier, affordable)
Nigeria Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
- Office (further broken down by Grade A, Grade B, and Grade C)
- Retail (further broken down by Grade A, Grade B, and Grade C)
- Hospitality (further broken down by Grade A, Grade B, and Grade C)
- Restaurant (further broken down by Grade A, Grade B, and Grade C)
- Entertainment
- Sports Facility
- Construction stage (new construction, re-development & maintenance)
Nigeria Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
- Office green building construction
- Retail green building construction
- Hospitality green building construction
- Restaurant green building construction
- Entertainment green building construction
- Sports facility green building construction
- Other commercial green building construction
Nigeria Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)
Nigeria Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
- Healthcare construction
- Educational construction
- Public sector
- Construction stage (new construction, re-development & maintenance)
Nigeria Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
- Healthcare green building construction
- Educational green building construction
Nigeria Infrastructure Construction Sectors: 10- year market size & forecast in value terms by
- Marine and inland water infrastructure
- Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water, and sewer infrastructure)
- Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
- Construction stage (new construction, re-development & maintenance)
Nigeria Green Infrastructure Construction: 10- year market size & forecast in value terms
Reasons to buy
- In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends, and drivers across 40+ market segments and sub-segments of the building and infrastructure construction industry in Nigeria.
- Top Ten Cities Construction Value Data
- Volume and Value Data: Get a detailed understanding of the market both from value and volume (both by activity and units) perspective for historical as well as the forecast period
- Develop Market-Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market-specific key trends, drivers, and risks in the construction industry.
- City Level Insights: Get city-level trend analyses by tier-1, tier-2, and tier-3 cities.
