Bangladesh Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Description
Bangladesh Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Summary
Growth in the Bangladeshi construction industry is expected to slow from real terms growth of 3.4% in 2024 to 2.3% growth in 2025, following elevated inflation and subdued investor confidence amid political uncertainty. The industry has also been crucially impacted by the cancellation of major projects, for example, in September 2025, the Bangladesh Power Development Board (BPDB) cancelled 5.68GW of planned solar capacity across 34 projects. This came following a failure to secure implementation, power purchase or land lease agreements even after letters of intent (LoIs) were issued under the Special Provisions Act. Furthermore, in early October 2025, the Asian Development Bank (ADB) reported that it would cancel or redirect around BDT50.9 billion ($408 million) from projects in Bangladesh in FY2025-26, due to prolonged implementation delays as Bangladesh struggles with weak public investment spending.
Over the forecast period, the Bangladeshi construction industry is expected to register an annual average growth rate of 6.3% from 2026 to 2029, supported by investment in energy, transport, industrial and telecommunication infrastructure projects. A BDT30.1 billion ($241.30 million) financing loan agreement was signed in May 2025, between the Government of Bangladesh (GoB) and the Islamic Development Bank (IsDB) for the construction of five Climate Resilient Bridges in Mymensingh Division, Bangladesh. Growth in the forecast period will also be supported by the government's target to generate 20% of total power from renewable sources by 2030 and 30% by 2040, compared to 5.6% in August 2025.
GlobalData’s Construction in Bangladesh - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into the Bangladeshi construction industry, including -
This report provides a comprehensive analysis of the construction industry in Bangladesh. It provides -
Summary
Growth in the Bangladeshi construction industry is expected to slow from real terms growth of 3.4% in 2024 to 2.3% growth in 2025, following elevated inflation and subdued investor confidence amid political uncertainty. The industry has also been crucially impacted by the cancellation of major projects, for example, in September 2025, the Bangladesh Power Development Board (BPDB) cancelled 5.68GW of planned solar capacity across 34 projects. This came following a failure to secure implementation, power purchase or land lease agreements even after letters of intent (LoIs) were issued under the Special Provisions Act. Furthermore, in early October 2025, the Asian Development Bank (ADB) reported that it would cancel or redirect around BDT50.9 billion ($408 million) from projects in Bangladesh in FY2025-26, due to prolonged implementation delays as Bangladesh struggles with weak public investment spending.
Over the forecast period, the Bangladeshi construction industry is expected to register an annual average growth rate of 6.3% from 2026 to 2029, supported by investment in energy, transport, industrial and telecommunication infrastructure projects. A BDT30.1 billion ($241.30 million) financing loan agreement was signed in May 2025, between the Government of Bangladesh (GoB) and the Islamic Development Bank (IsDB) for the construction of five Climate Resilient Bridges in Mymensingh Division, Bangladesh. Growth in the forecast period will also be supported by the government's target to generate 20% of total power from renewable sources by 2030 and 30% by 2040, compared to 5.6% in August 2025.
GlobalData’s Construction in Bangladesh - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into the Bangladeshi construction industry, including -
- The Bangladeshi 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 Bangladeshi construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Bangladesh. It provides -
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Bangladesh, 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
- Identify and evaluate market opportunities using our 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 business strategies using GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
48 Pages
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Context
- 3.1 Economic Performance
- 3.2 Political Environment and Policy
- 3.3 Demographics
- 3.4 Risk Profile
- 4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.8 Contractors
- 4.9 Consultants
- 5 Construction Market Data
- 6 Appendix
- 6.1 What is this Report About?
- 6.2 Definitions
- 6.3 CRI Methodology
- 7 About GlobalData
- 8 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Bangladesh, Key Economic Indicators
- Table 3: Bangladesh, Commercial Construction Output by Project Type (Real % Change), 2020–29
- Table 4: Bangladesh, Top Commercial Construction Projects by Value
- Table 5: Bangladesh, Industrial Construction Output by Project Type (Real % Change), 2020–29
- Table 6: Bangladesh, Top Industrial Construction Projects by Value
- Table 7: Bangladesh, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
- Table 8: Bangladesh, Top Infrastructure Construction Projects by Value
- Table 9: Bangladesh, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
- Table 10: Bangladesh, Top Energy and Utilities Construction Projects by Value
- Table 11: Bangladesh, Institutional Construction Output by Project Type (Real % Change), 2020-29
- Table 12: Bangladesh, Top Institutional Construction Projects by Value
- Table 13: Bangladesh, Residential Construction Output by Project Type (Real % Change), 2020-29
- Table 14: Bangladesh, Top Residential Construction Projects by Value
- Table 15: Bangladesh, Key Contractors
- Table 16: Bangladesh, Key Consultants
- Table 17: Bangladesh, Construction Output Value (Real, $ Million)
- Table 18: Bangladesh, Construction Output Value (Nominal, BDT Billion)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures Figure 1: South and South-East Asia, Construction Output (Real % Change), 2023–29
- Figure 2: Bangladesh, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 3: Bangladesh, Risk Summary
- Figure 4: Bangladesh, Risk Regional Comparison
- Figure 5: Bangladesh, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 6: Bangladesh, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 7: Bangladesh, Construction Value-Add at Constant Market Price (FY2015–16 Prices, BDT Million)
- Figure 8: Bangladesh, Bank Advances to the Construction Industry (BDT Billion)
- Figure 9: Bangladesh, Foreign Direct Investment Inflow ($ Million)
- Figure 10: Bangladesh, Total Workers’ Remittances (BDT Billion)
- Figure 11: Bangladesh, Wage Price Index in the Construction Industry (2021/2022=100)
- Figure 12: Bangladesh, Construction Projects Momentum Index
- Figure 13: South Asia, Construction Projects Momentum Index
- Figure 14: Bangladesh, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 15: Bangladesh, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 16: Bangladesh, Wholesale and Retail Trade Value-Add at Constant Market Price (FY2015–16 Prices, BDT Million)
- Figure 17: Bangladesh, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 18: Bangladesh, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 19: Bangladesh, Manufacturing Value-Add at Constant Market Price (FY2015–16 Prices, BDT Million)
- Figure 20: Bangladesh, Mining & Quarrying Value-Add at Constant Market Price (FY2015–16 Prices, BDT Million)
- Figure 21: Bangladesh, Production Index (2015/2016=100)
- Figure 22: Bangladesh, Merchandise Exports, Nominal BDT Billion
- Figure 23: Bangladesh, RMG Exports, In BDT Billion
- Figure 24: Bangladesh, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 25: Bangladesh, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 26: Bangladesh, Transportation and Storage Information and Communication Value-Add at Constant Market Price (FY2015–16 Prices, BDT Million)
- Figure 27: Bangladesh, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 28: Bangladesh, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 29: Bangladesh, Electricity, Gas and Water Supply Value-Add at Constant Market Price, % Change, YoY (FY2015–16=100, BDT Million)
- Figure 30: Bangladesh, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 31: Bangladesh, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 32: Bangladesh, Education and Healthcare Value-Add at Constant Market Price (FY2015–16=100, BDT Billion)
- Figure 33: Bangladesh, Residential Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 34: Bangladesh, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 35: Bangladesh, Real Estate Value-Add at Constant Market Price (FY2015–16=100, BDT Million)
- Figure 36: Bangladesh, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 37: Bangladesh, Headquarters of Key Consultants (% of Total Project Pipeline)
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