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Cambodia Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

The Cambodia construction market size was valued at $10.1 billion in 2021. The market is projected to grow at an AAGR of more than 9% during the period 2023-2026. The industry output will be mainly supported by resilient domestic and foreign investment. According to the Ministry of Land Management, Urban Planning and Construction, construction investment in Cambodia was sourced predominantly from China, South Korea, and Japan. According to the National Bank of Cambodia (NBC), the construction and real-estate sectors are expected to drive growth this year. Further support will be provided by the resumption of economic activity and the reopening of borders to fully vaccinated tourists, which is expected to accelerate demand for expanded retail capacity this year.

The Cambodia construction market report provides detailed market analysis, information, and insights into the Cambodia construction industry, including the industry’s growth prospects by market, project type, and construction activity. Furthermore, it provides critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Cambodia construction industry. It gives an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Cambodia Construction Market Overview

Cambodia Construction Market Overview

 

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What are the key sectors in the Cambodia construction market?

The key sectors in the Cambodia construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.

Commercial construction market in Cambodia

Nearly half of tourism-related businesses in Cambodia ceased operations due to the impact of the Coronavirus (COVID-19) pandemic. Activity in the sector is expected to accelerate this year supported by the government’s focus on reviving the tourism sector. As a supportive measure, in January 2022 the government launched its ‘Cambodia: Safe and Green Tourism Destination’ campaign, to support the recovery of the tourism industry to its pre-pandemic levels by the 2023 Southeast Asian Games.

Industrial construction market in Cambodia

The sector’s output over the forecast period will be supported by the recovery of global economic conditions, coupled with the government’s focus on supporting small and medium-sized enterprises (SMEs). Forecast-period growth in the industrial sector will also be supported by the latest free trade agreement (FTA) signed with South Korea, which will facilitate increased exports and employment opportunities, thereby attracting investment to the manufacturing sector over the medium term.

Infrastructure construction market in Cambodia

The sector’s output will be supported by aviation sector projects, which include the Phnom Penh international airport and the Siem Reap-Angkor International Airport. Construction works on these projects are progressing well and when finished will drive economic growth through the country’s capacity to accommodate more flights.

Energy and utilities construction market in Cambodia

The government aims to increase renewable energy generation and renovate its existing fossil fuel plants using clean coal technology and carbon capture utilization and storage techniques. To expand solar energy generation, new power plants are being constructed which will increase the share of solar power in the total energy mix.

Institutional construction market in Cambodia

 The growth in the sector is driven by government investment in healthcare and educational facilities. In 2021, construction began on the Phnom Penh General Hospital. This will be a 26-story building with modern medical infrastructure, including labs, operating theaters, and other related facilities. In addition to this, in view of Cambodia’s aging population, several healthcare projects are also in the pipeline.

Residential construction market in Cambodia

The sector’s output will be supported by an expected increase in foreign investment inflows, coupled with domestic investment and demand for low and medium-cost real estate units. With the reopening of the economy, house prices in the country are expected to increase and activities in the real estate sector are expected to expand.

Cambodia construction market, by sectors

Cambodia construction market, by sectors

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What are the key construction stages in the Cambodia construction market?

The key construction stages in the Cambodia construction market are pre-planning, planning, pre-execution, and execution. The pipeline is skewed towards late-stage projects.

Cambodia construction market, by stages

Cambodia construction market, by stages

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Market report scope

Market size (Year – 2021) $10.1 billion
Growth rate (2023 – 2026) AAGR of >9%
Forecast period 2022-2026
Key sectors Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction
Key stages Pre-Planning, Planning, Pre-Execution, and Execution

This report provides:

  • Historical and forecast valuations of the construction industry in Cambodia, 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.

Table of Contents

Table of Contents

1. Construction Outlook

2. Construction Industry: At-a-Glance

3. Latest News and Developments

4. Project Analytics

5. Construction Market Data

6. Risk Profile

7. About GlobalData

7.1 Definitions

7.2 CRI Methodology

List of Tables

List of Tables

Table 1: Construction Industry Key Data

Table 2: Cambodia, Top Construction Projects by Value

Table 3: Cambodia, Construction Output Value (Real, $ Million)

Table 4: Cambodia, Construction Output Value (Nominal, KHR Billion)

Table 5: GlobalData Construction Market Definitions

Table 6: Risk Dimensions

Table 7: Ratings, Scores and Definitions

List of Figures

List of Figures

Figure 1: Cambodia, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2017-26

Figure 2: Cambodia, Construction Output Value, by Sector (Real, $ Million), 2017-26

Figure 3: South and South-East Asia, Construction Output (Real % Change), 2020-26

Figure 4: Cambodia, Construction Output by Sector (Real % Change), 2020-22 and 2023-26

Figure 5: Cambodia, Foreign Tourist Arrivals, In Thousands, % Change YoY

Figure 6: Cambodia, Total Exports, in KHR Billion

Figure 7: Cambodia, Construction Projects Pipeline, Value by Stage ($ Million)

Figure 8: Cambodia, Risk Summary

Figure 9: Cambodia, Risk Regional Comparison

Frequently Asked Questions

The construction market size in Cambodia was valued at $10.1 billion in 2021.

 

 

 

The construction market in Cambodia is projected to grow at an AAGR of more than 9% during the period 2023-2026.

The key sectors in the Cambodian construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.

The key construction stages in the Cambodian construction market are pre-planning, planning, pre-execution, and execution.

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