Kazakhstan Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Kazakhstan Construction Market Report Overview
The Kazakhstan construction market size was $18.2 billion in 2022. The market is projected to achieve an AAGR of more than 3% during 2024-2027. The industry’s output is supported by government investments, under the Nurly Zhol State Infrastructure Development Program, during 2020-2025. The program involves creating efficient and competitive transport infrastructure, improving the technological and institutional environment, and developing transit and transportation services across Kazakhstan.
The industry’s growth will also be attributed to the 40 renewable energy projects that are expected to be operational by 2025. This will eventually assist the country in becoming a carbon “net-zero” economy by 2060.
Kazakhstan Construction Market Outlook, 2022-2027 ($ Billion)
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The Kazakhstan construction market report has compiled data on various project types and construction activities across sectors. While discussing the construction projects, our analysts have elucidated the factors responsible for the developments. The report further analyzes the top construction projects in Kazakhstan from pre-planning to execution, along with the emerging market trends. In addition, the report gives an overview of the latest developments in the Kazakhstan construction market.
Market Size (2022) | $18.2 billion |
AAGR (2024-2027) | >3% |
Forecast Period | 2023-2027 |
Historical Period | 2018-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
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Kazakhstan Construction Market Segmentation by Sectors
Infrastructure construction was the leading sector in the Kazakhstan construction market in 2022
The key sectors in the Kazakhstan construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2022, the infrastructure construction sector accounted for the highest market share, followed by residential construction.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The sector output will be supported by public and private investment in the development of regional transportation networks.
Residential construction: The project types in this sector include single-family housing and multi-family housing. Rising urbanization and increasing population will drive the sector’s growth over the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The sector’s growth over the forecast period is attributed to the government’s focus on the development of oil and gas and energy infrastructure, particularly renewable energy infrastructure to meet rising energy demand.
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 rebound in tourism activities due to the introduction of a visa-free regime for more than 78 countries including India, China, and those in North America, the European Union, the Gulf countries, and South-East Asia will drive the sector’s growth over the forecast period.
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 government’s focus on developing raw material processing, and manufacturing industries coupled with growth in export activities will boost the sector’s growth during the forecast period.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Increasing public and private sector investment in the healthcare, education sectors, and research infrastructure will aid the sectoral growth during the forecast period.
Kazakhstan Construction Market Analysis by Sectors, 2022 (%)
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Kazakhstan Construction Market – Latest Developments
- In June 2023, the Governments of Kazakhstan and Kyrgyzstan announced the road construction between Almaty, Kazakhstan, and Issyk-Kul, Kyrgyzstan, to improve bilateral trade. The project is expected to cost more than KZT77.8 billion ($160 million) and is scheduled to be completed by 2027.
- In February 2023, Kazind Medical Group in collaboration with Indian healthcare and research company SRAM & MRAM Group plans to build a medical university in Kazakhstan. The scope of the project includes building a multi-specialty hospital with 1000 beds.
Segments Covered in the Report
Kazakhstan 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 Kazakhstan.
- Historical and forecast valuations of the construction industry in Kazakhstan, 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.
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Figures
Frequently asked questions
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What was the Kazakhstan construction market size in 2022?
The construction market size in Kazakhstan was $18.2 billion in 2022.
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What will the Kazakhstan construction market growth rate be during the forecast period?
The construction market in Kazakhstan is projected to achieve an AAGR of more than 3% during 2024-2027.
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Which was the leading sector in the Kazakhstan construction market in 2022?
Infrastructure construction was the leading sector in the Kazakhstan construction market in 2022.
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What are the factors driving infrastructure construction in the Kazakhstan construction market?
The infrastructure sector output will be supported by public and private investment in the development of regional transportation networks.
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