Algeria Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027
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Algeria Construction Market Overview
The Algeria construction market size was $41.3 billion in 2022. The market is projected to achieve an AAGR of more than 4% during 2024-2027. The growth of the market will be supported by the government’s efforts to expand renewable energy resources. Forecast-period growth in the construction industry will also be supported by the government’s aim to decrease carbon emissions by at least 7% by 2030.
Algeria Construction Market Outlook, 2022-2027 ($ Billion)
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The Algeria construction market research report provides detailed market analysis, information, and insights into the Algeria construction industry, including the industry’s growth prospects by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Algeria construction industry. It also provides an analysis of the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report discusses the sectors in the construction market and provides an overview of each sector along with their driving factors.
Market Size (2022) | $41.3 billion |
AAGR (2024-2027) | >4% |
Forecast Period | 2023-2027 |
Historical Period | 2018-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Petrofac Ltd
· Cosider Groupe SpA · Rizzani de Eccher SpA · Groupe ETRHB HADDAD · Ferfina SpA |
Key Consultants | · Dar Al-Handasah Consultants Shair and Partners Holdings Ltd
· John Wood Group Plc · Kecc Group · Saman Corp · Compagnie De l’Engineering de l’Electricite et du Gaz |
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Algeria Construction Market Segmentation by Sectors
Residential construction was the leading sector in the Algeria construction market in 2022.
The key sectors in the Algeria construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The growth of the sector over the forecast period will be supported by the new tourism development plan. By 2024, the government is aiming to attract more than three million tourists and construct new tourism destinations.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The growth of the sector will be supported by investments in chemical and pharmaceutical manufacturing plants, which was announced by the government in May 2023, and the execution of planned industrial zone development and mining projects.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The growth of the sector over the forecast period will be supported by the implementation of a number of announced infrastructure and transportation projects.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The government’s pledge to increase the share of renewable energy in terms of the total energy mix will boost investment and support the growth in the energy and utility construction sector.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Forecast-period growth in the institutional construction sector will be supported by the increase in investments in the country’s healthcare, education, and religious infrastructure developments.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The market growth will be supported by the government’s plan to provide affordable housing to low- and middle-income citizens, with a goal of delivering more than 579,000 housing units by 2024 as part of a new one-million-home construction program.
Algeria Construction Market Analysis by Sectors, 2022 (%)
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Algeria Construction Market - Competitive Landscape
Petrofac Ltd led the Algeria construction market in 2022.
Some of the leading contractors in the Algeria construction market are:
- Petrofac Ltd
- Cosider Groupe SpA
- Rizzani de Eccher SpA
- Groupe ETRHB HADDAD
- Ferfina SpA
Foreign contractors account for a majority share of the project pipeline in the Algeria construction market.
Algeria Construction Market Analysis by Contractors, 2022 (%)
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Some of the leading consultants in the Algeria construction market are:
- Dar Al-Handasah Consultants Shair and Partners Holdings Ltd
- John Wood Group Plc
- Kecc Group
- Saman Corp
- Compagnie De l’Engineering de l’Electricite et du Gaz
Dar Al-Handasah Consultants Shair and Partners Holdings Ltd led the market in 2022. Consultants with headquarters outside Algeria are involved in most of the project pipeline by value.
Algeria Construction Market Analysis by Consultants, 2022 (%)
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Algeria Construction Market – Latest Developments
- According to NSO, the industry’s value-add at chained prices registered significant growth rate in the first quarter of 2023 (the latest data available at the time of writing), preceded by Y-o-Y growth of more than 2% in Q4.
Segments Covered in the Report
Algeria Construction Sectors Outlook (Value, $ Billion, 2018-2027)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in Algeria.
- Historical and forecast valuations of the construction industry in Algeria, featuring details of key growth drivers.
- Segmentation by sector 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.
Table of Contents
Table
Figures
Frequently asked questions
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What was the Algeria construction market size in 2022?
The construction market size in Algeria was $41.3 billion in 2022.
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What is the Algeria construction market growth rate?
The construction market in Algeria is projected to achieve an AAGR of more than 4% during 2024-2027.
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Which was the leading sector in the Algeria construction market in 2022?
Residential construction was the leading sector in the Algeria construction market in 2022.
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Which are the leading contractors in the Algeria construction market?
Some of the leading contractors in the Algeria construction market are Petrofac Ltd, Cosider Groupe SpA, Rizzani de Eccher SpA, Groupe ETRHB HADDAD, and Ferfina SpA.
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Who are the leading consultants in the Algeria construction market?
Some of the leading consultants in the Algeria construction market are Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, John Wood Group Plc, Kecc Group, Saman Corp, and Compagnie De l’Engineering de l’Electricite et du Gaz.
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