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Construction Market in Nigeria 2015-2019

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Key Projects
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Industry Overview
    • Global Construction Market
      • Table Global Construction Market: Geographical Segmentation 2014
    • Construction Market in Nigeria
      • Table Construction Market in Nigeria 2011-2014 (US$ billion)
  • Country Overview
    • Rate of Urbanization in Nigeria
      • Table Rate of Urbanization in Nigeria 2009-2013 (million)
  • Market Landscape
    • Market Size Estimation
      • Table Market Size Estimation: Construction Market in Nigeria
    • Market Size and Forecast
      • Table Construction Market in Nigeria 2014-2019 (US$ billion)
  • Market Segmentation
    • Table Construction Market Segmentation in Nigeria
    • Table Construction Market in Nigeria by Segments 2014
    • Table Non-residential Construction Market Segmentation in Nigeria 2014
    • Table Non-residential Construction Market Segmentation in Nigeria by Investment 2014 (US$ billion)
    • Non-residential Construction Market in Nigeria
      • Table Non-residential Construction Market in Nigeria 2014-2019 (US$ billion)
      • Table Key Projects: Pipeline 2014
    • Residential Construction Market in Nigeria
      • Table Residential Construction Market in Nigeria 2014-2019 (US$ billion)
    • Five Forces Analysis
  • Vendor Selection Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Key Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
      • Key News
    • Key Vendors
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Daewoo E&C
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Daewoo E&C: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Daewoo E&C: Business Segmentation by Revenue 2012 and 2013 (US$ billion)
      • Geographical Segmentation by Revenue 2013
        • Table Daewoo E&C: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Evomec Global Services
      • Key Facts
      • Business Overview
      • Product Segmentation
        • Table Evomec Global Services: Product Segmentation
      • SWOT Analysis
    • Julius Berger
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Julius Berger: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Julius Berger: Business Segmentation by Revenue 2012 and 2013 (US$ million)
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Setraco Nigeria
      • Key Facts
      • Business Overview
      • Business Strategy
      • SWOT Analysis
  • Market Summary
  • Other Reports in this Series

Construction Market in Nigeria 2015-2019

About Construction Market in Nigeria

The Construction market in Nigeria has scripted a new growth story for itself, driven by domestic demand and foreign investment, among other factors. The Nigerian economy became the single largest economy in the continent of Africa after rebasing in 2013. The steady increase in urban population of Nigeria combined with the robust and sustained economic growth in the country are attributed to the steady growth of the Construction market in Nigeria during the forecast period.

TechNavio's analysts forecast the Construction market in Nigeria to grow at a CAGR of 12.10 percent over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the Construction market in Nigeria for the period 2015-2019. A detailed segmentation of the Construction market in Nigeria by sector is provided in the report. The report also forecasts the investments in residential and non-residential construction in Nigeria during the period of 2015-2019. The report presents the vendor landscape and a corresponding detailed analysis of the key vendors and a brief description about other prominent vendors operating in the market. In addition, the report discusses the major drivers that influence the growth of the Construction market in Nigeria. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

Key Regions

  • Nigeria
Key Vendors
  • Daewoo E&C
  • Evomec Global Services
  • Julius Berger Nigeria
  • Setraco Nigeria
Other Prominent Vendors
  • Ascot Africa
  • Dutum Group
Market Driver
  • Robust and Sustained Economic Growth
  • For a full, detailed list, view our report
Market Challenge
  • Financing Infrastructure Projects
  • For a full, detailed list, view our report
Market Trend
  • Increase in Public Sector Expenditure
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

TechNavio Announces the Publication of its Research Report – Construction Market Outlook in Nigeria 2015-2019

TechNavio recognizes the following companies as the key players in the Construction Market Outlook in Nigeria: Daewoo E&C, Evomec Global Services Ltd., Julius Berger Nigeria Ltd., Setraco Nigeria Ltd.

Other Prominent Vendors in the market are: Ascot Africa and Dutum Group.

Commenting on the report, an analyst from TechNavio’s team said: “Increased adoption of the public private partnership model is one of the major trends in the market. The adoption of the PPP model for infrastructure development projects provides a solution to the issues related to financing long-term infrastructure projects.”

According to the report, one of the key drivers of the market is rapid urbanization, which has led to the rise in the construction of mega structures and high-quality infrastructure, which has driven the growth of the market in Nigeria.

Further, the report states that time and cost overruns is one of the major challenges in this market. Unavailability of funds, tedious and time-consuming rolling out of projects, and project delays are some of the factors leading to cost overruns.

Companies Mentioned

Daewoo E&C, Evomec Global Services, Julius Berger Nigeria, Setraco Nigeria , Ascot Africa, Dutum Group

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