Construction in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the Nigeria construction market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The construction industry is defined as the value of work put in place annually in the residential, non-residential, and civil engineering segments. The residential segment covers houses, dwellings, and similar work. The non-residential segment covers commercial, industrial, social, and similar work. Civil engineering covers infrastructure for transportation, telecommunications, energy, and other purposes.
The Nigerian construction industry is expected to generate total revenues of $52.4bn in 2016, representing a compound annual growth rate (CAGR) of 9.7% between 2012 and 2016.
The civil engineering segment is expected to be the industry's most lucrative in 2016, with total revenues of $23.6bn, equivalent to 45.1% of the industry's overall value.
The performance of the industry is forecast to accelerate, with an anticipated CAGR of 11.2% for the five-year period 2016 - 2021, which is expected to drive the industry to a value of $89.0bn by the end of 2021.
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What was the size of the Nigeria construction market by value in 2016?
What will be the size of the Nigeria construction market in 2021?
What factors are affecting the strength of competition in the Nigeria construction market?
How has the market performed over the last five years?
What are the main segments that make up Nigeria's construction market?