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Zambia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Publisher GlobalData
Published Oct 31, 2024
Length 24 Pages
SKU # GBDT19388778

Description

Zambia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)


Summary

GlobalData’s Construction in Zambia - Country Briefing (H2 2024) report provides detailed market analysis, information, and insights into the Zambian construction industry, including -
  • The Zambian 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 Zambian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
GlobalData expects the Zambian construction industry to grow by 3.6% in real terms in 2024, supported by increased investment in industrial, energy and transport infrastructure projects, coupled with an improvement in the advancement of loans for construction activities. In October 2024, the Bank of Zambia (BoZ) Board approved a loan facility of ZMK5 billion ($226.4 million) under the Small Business Growth Initiative (SBGI) to enhance financial access for Small and Medium Enterprises (SMEs) across the country. The initiative focuses on fostering SME growth and is in line with the government’s strategy to encourage economic development through the private sector.The Zambian construction industry is expected to grow at an annual average rate of 3.7% between 2025 to 2028, supported by initiatives focused on enhancing transport infrastructure and energy sustainability. In March 2024, the World Bank approved ZMK5.9 billion ($270 million) to enhance road connectivity between Zambia and China. Furthermore, in September 2024, China proposed a ZMK22.08 billion ($1 billion) investment in road infrastructure rehabilitation through a public-private partnership model. Additionally, the National Energy Advancement and Transformation Program (NEAT), launched in March 2024 with support from the World Bank, aims to improve Zambia's electricity sector by 2033. The program, with an investment of ZMK15.4 billion ($700 million), seeks to enhance the financial sustainability, reliability, and resilience of the Zambian government's power utility, ZESCO, while attracting private investment. Additionally, the Zambia Development Agency (ZDA) launched its strategic plan for 2022-2026 in October 2023, with a goal to attract ZMK794.9 billion ($36 billion) in Foreign Direct Investments (FDI) by 2030. The plan is aligned with Zambia's Vision 2030, which seeks to establish a prosperous middle-income nation by creating a supportive environment for sustainable socio-economic development.

Scope

This report provides a comprehensive analysis of the construction industry in Zambia. It provides -
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Zambia, 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 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

24 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Latest news and developments
4 Project analytics
5 Construction Market Data
6 Risk Profile
7 Appendix
7.1 Definitions
7.2 CRI Methodology
7.3 About GlobalData
Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Zambia, Top Construction Projects by Value
Table 3: Zambia, Construction Output Value (Real, $ Million)
Table 4: Zambia, Construction Output Value (Nominal, LCU Million)
Table 5: GlobalData Construction Market Definitions
Table 6: Risk Dimensions
Table 7: Ratings, Scores and Definitions
List of Figures
Figure 1: Zambia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 2: Zambia, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 3: Sub-Saharan Africa, Construction Output (Real % Change), 2022-28
Figure 4: Zambia, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 5: Zambia, Construction Value Add (LCU Million, 2010 Constant Prices)
Figure 6: Zambia, Total Loan Issued to Private Sector for Construction Industry (ZMK, Million)
Figure 7: Zambia, Total Loan Issued to Private Sector for Real Estate Industry (ZMK, Million)
Figure 8: Zambia, Real Estate Value Add (ZMK Million, 2010 Constant Prices)
Figure 9: Zambia, Total Export Value (ZMK, Billion)
Figure 10: Zambia, Wholesale and Retail Value Add (ZMK Million, 2010 Constant Prices)
Figure 11: Zambia, Accommodation and Food Services Value Add (ZMK Million, 2010 Constant Prices)
Figure 12: Zambia, Manufacturing Value Add (ZMK Million, 2010 Constant Prices)
Figure 13: Zambia, Education Value Add (ZMK Million, 2010 Constant Prices)
Figure 14: Zambia, Human Health and Social Work Activities Value Add (ZMK Million, 2010 Constant Prices)
Figure 15: Zambia, Construction Projects Pipeline, Value by Stage ($ Million)

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