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

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

Summary

The construction industry in Iran is expected to expand by 2.5% in real terms in 2022, supported by an improvement in business confidence, amid the waning impact of the Coronavirus (COVID-19) pandemic, coupled with higher oil prices. The industry’s output has also been supported by government expenditure under the 2022 Budget which was announced in December 2021. The government released a budget, projecting IRR9.3 quadrillion ($221.5 billion) in revenue and IRR13.9 quadrillion ($332 billion) in spending, in 2022.

GlobalData expects the Iranian construction industry to expand at an annual average growth rate of 3.5% from 2023 to 2026, supported by investment in the transport, electricity, housing, and mining projects. The Iranian government is pursuing several mining programs to promote the sector, given that Iran is one of the top 10 mineral-rich countries globally. In September 2022, the National Iranian Copper Industries Company (NICIC) reported that it had discovered one billion tons of new copper reserves in the Iranian province of East Azarbaijan. With this discovery, the total in-place reserves of the Sungun Copper Mine have increased from four billion tons to five billion tons, and the discovered reserves are estimated to value over IRR2.1 quadrillion ($50 billion).

The report provides detailed market analysis, information and insights into the Iranian construction industry, including -

• The Iranian 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 Iranian 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 Iran. It provides -

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