The Singapore construction market size was valued at $19.4 billion in the year 2021. The market is expected to grow at an AAGR of more than 4% during the period 2023-2026.
The Singapore construction market report provides detailed market analysis, information and insights into Singapore construction industry, including Singapore construction industry’s growth prospects by market, project type and construction activity. The report provides critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Singapore construction industry. It also gives analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Singapore construction market overview
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What are the key sectors in Singapore construction market?
The key sectors in Singapore construction market include commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction and residential construction.
Commercial construction market in Singapore
The key projects type in the commercial construction in Singapore include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction.
Industrial construction market in Singapore
The key projects type in the industrial construction in Singapore include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants.
Infrastructure construction market in Singapore
The key projects type in the infrastructure construction in Singapore include rail infrastructure, road infrastructure, other infrastructure projects.
Energy and utilities construction market in Singapore
The key projects type in the energy and utilities construction in Singapore include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure.
Institutional construction market in Singapore
The key projects in the institutional construction in Singapore include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings.
Residential construction market in Singapore
The key projects in the residential construction in Singapore include single-family housing and multi-family housing.
Singapore construction market, by sectors
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Who are the key contractors in Singapore construction market?
The key contractors in Singapore construction market are Samsung Group, Shanghai Urban Construction (Group) Corp., Vinci SA, Nishimatsu Construction Co. Ltd, Toda Corp., Taisei Corp., China State Construction Engineering Corp. Ltd, China Communications Construction Group Ltd, Penta-Ocean Construction Co. Ltd, and Wai Fong Construction Pte Ltd
Singapore construction market, by key contractors
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Who are the key consultants in Singapore construction market?
The key consultants in Singapore construction market include Temasek Holdings (Private) Ltd, Arup Group Ltd, SAA Architects Pte Ltd, AECOM, Lowe Enterprises Inc., Tritech Consultants, S333 Architecture + Urbanism Ltd, Hassell Studios, DP Group, and Kwang Sing Engineering Pte Ltd.
Market report overview
| Market size in 2021 | $19.4 billion |
| Average annual growth rate (AAGR) | >4% during 2023-2026 |
| 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 Stage |
| Key contractors | Samsung Group, Shanghai Urban Construction (Group) Corp., Vinci SA, Nishimatsu Construction Co. Ltd, Toda Corp., Taisei Corp., China State Construction Engineering Corp. Ltd, China Communications Construction Group Ltd, Penta-Ocean Construction Co. Ltd, and Wai Fong Construction Pte Ltd |
| Key consultants | Temasek Holdings (Private) Ltd, Arup Group Ltd, SAA Architects Pte Ltd, AECOM, Lowe Enterprises Inc., Tritech Consultants, S333 Architecture + Urbanism Ltd, Hassell Studios, DP Group, and Kwang Sing Engineering Pte Ltd |
Scope
- This report provides a comprehensive analysis of the construction industry in Singapore. It provides –
- Historical and forecast valuations of the construction industry in Singapore, 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
List of Tables
List of Figures
Frequently Asked Questions
The construction market size in Singapore was valued at $19.4 billion in the year 2021.
The construction market growth rate in Singapore is more than 4% during 2023-2026.
Commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction and residential construction are the key sectors in the Singapore construction market.
Samsung Group, Shanghai Urban Construction (Group) Corp., Vinci SA, Nishimatsu Construction Co. Ltd, Toda Corp., Taisei Corp., China State Construction Engineering Corp. Ltd, China Communications Construction Group Ltd, Penta-Ocean Construction Co. Ltd, and Wai Fong Construction Pte Ltd are the key contractors in the Singapore construction market.
Temasek Holdings (Private) Ltd, Arup Group Ltd, SAA Architects Pte Ltd, AECOM, Lowe Enterprises Inc., Tritech Consultants, S333 Architecture + Urbanism Ltd, Hassell Studios, DP Group, and Kwang Sing Engineering Pte Ltd are the key consultants in the Singapore construction market.
