Bangladesh Construction Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Bangladesh Construction Market. The market is segmented by Sector (Residential, Commercial, Industrial, Infrastructure (Transportation), Energy and Utilities)

Market Snapshot

Bangladesh Construction Market Overview
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 8 %
Bangladesh Construction Market Major Players

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Market Overview

· The Bangladesh Construction Market is estimated to grow at a CAGR of approximately 8% during the forecast period.

· In 2019, the construction industry in Bangladesh spent a good year depending on increased development activities and megaprojects backed by a healthy economy and increased government spending. The price of construction materials has been stable throughout the year. Construction grew by 9.6%, supported by public infrastructure spending as well as private investment in housing the construction sector plays an increasingly important role in the economy in the context of continued urbanization and a range of major infrastructure projects undertaken by the government.

· In 2019, The Executive Committee of the National Economic Council (ECNEC) of Bangladesh has approved two large mass rapid transit (MRT) projects worth BDT940bn (USD 10.8bn).The approval has been granted for MRT Line 1 and MRT Line 5 (Northern Route), which will overhaul Dhaka’s transport system. Around BDT690.4bn will be financed by external organizations, such as Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA). The government will contribute BDT304.6bn, while the transport agency will fund the remaining BDT5.16bn. The two projects will receive BDT685.67bn from the JICA, of which BDT394.5bn is allotted to the Line 1 project and BDT291.17bn for Line 5 project.

Scope of the Report

The Bangladesh construction market covers the growing construction projects in different sectors, like commercial construction, residential construction, industrial construction, infrastructure (transportation construction), and energy and utility construction. Along with the scope of the report also it analyses the key players and the competitive landscape in the Bangladesh Construction Market.

By Sector
Residential
Commercial
Industrial
Infrastruture (Transportation)
Energy and Utilities

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Key Market Trends

Increase in GDP contribution from construction sector:

The construction sector of Bangladesh is playing an increasingly vital role in the economy amid continued urbanization and an array of large infrastructure projects undertaken by the government. It is one of the 15 major sectors that contribute to the GDP. The sector posted 9.92% growth in 2017-18, up from 8.77% in the year 2017. The sector's share of the GDP increased to 7.50% in the last fiscal year. There is a lot of investment in the construction sector and it will go up further if the government works strategically. 

Bangladesh Construction Market Key Trends

Demand for Residential Real Estate in Metropolitan Cities:

Apartment buildings are replacing houses and bungalows as Dhaka becomes more congested and land prices increase. The city is also moving towards the development of suburbs and suburban areas away from the urban core, which can ease the burden on roads and properties. As the income of the middle-class increases, the demand for housing is also increasing. Most customers prefer to have their own house, rather than spending a significant amount of their monthly income on rent. The increasing availability of home loans increases consumer ability to afford properties, further enhancing the convenience of buying a home. Infrastructural developments can have an impact as they increase the ease of trade around the world, enabling companies to enter areas that may have previously been too costly to operate in. When commercial space rents are growing, companies are also renting floors in residential areas, away from conventional commercial districts such as Motijheel. Commercial real estate applies to businesses, shopping centers, medical and educational establishments, and hotels, among others. Factories, warehouses, and other production plants are part of commercial real estate. The growth of this segment depends on business confidence, which has been bolstered by the rising economic growth of the country.

Bangladesh Construction Market Growth Rate By Region

Competitive Landscape

The report covers the major players operating in the Bangladesh Construction Market. The market is fragmented, and the market is expected to grow during the forecast period due to continues growth in the economy and an increase in demand for residential real estate in metropolitan cities and other few factors are driving the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Porters 5 Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Market Insights

      1. 4.6.1 Current Economic and Construction Market Scenario

      2. 4.6.2 Technological Innovations in the Construction Sector

      3. 4.6.3 Impact of Government Regulations and Initiatives on the Industry

      4. 4.6.4 Impact of COVID - 19 on the market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Sector

      1. 5.1.1 Residential

      2. 5.1.2 Commercial

      3. 5.1.3 Industrial

      4. 5.1.4 Infrastruture (Transportation)

      5. 5.1.5 Energy and Utilities

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Mergers & Acquisitions

    3. 6.3 Company Profiles

      1. 6.3.1 MIR AKHTER HOSSAIN LIMITED

      2. 6.3.2 DEVELOPMENT DESIGN CONSULTANTS

      3. 6.3.3 BUILD TRADE ENGINEERING LTD

      4. 6.3.4 MAZID SONS CONSTRUCTIONS LTD.

      5. 6.3.5 WESTERN ENGINEERING (PVT.) LTD.

      6. 6.3.6 JAMUNA MULTIPURPOSE BRIDGE AUTHORITY

      7. 6.3.7 NESTLE BANGLADESH LIMITED

      8. 6.3.8 M/S THE PIPELINE ENGINEERS & ASSOCIATES

      9. 6.3.9 NAVANA CONSTRUCTION LTD.

      10. 6.3.10 KEC INTERNATIONAL LTD

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

**Subject to Availability

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Frequently Asked Questions

The bangladesh construction market market is studied from 2016 - 2026.

The bangladesh construction market is growing at a CAGR of 8% over the next 5 years.

MIR AKHTER HOSSAIN LIMITED, DEVELOPMENT DESIGN CONSULTANTS, BUILD TRADE ENGINEERING LTD, MAZID SONS CONSTRUCTIONS LTD., WESTERN ENGINEERING (PVT.) LTD. are the major companies operating in bangladesh construction market.

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