Uzbekistan Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Uzbekistan Construction Market Overview
The Uzbekistan construction market size was $13.1 billion in 2022. The market will achieve an AAGR of more than 4% during 2024-2027. The growth of the market over the forecast period will be supported by investment as part of the “Development Strategy of the New Uzbekistan for 2022-2026 (New Uzbekistan Strategy)”. Over the long term, the industry’s growth will also be driven by investment as part of ‘Digital Uzbekistan 2030’, which aims to meet escalating data demand in the country, driven by the increased digitalization across industry verticals.
Uzbekistan Construction Market Outlook, 2022-2027 ($ Billion)
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The Uzbekistan construction market research report provides detailed market analysis, information, and insights into the Uzbekistan 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 and an analysis of key risks and opportunities in the Uzbekistan construction industry. It also analyzes 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) | $13.1 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 |
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Uzbekistan Construction Market Segmentation by Sectors
Infrastructure construction was the leading sector in the Uzbekistan construction market in 2022
The key sectors in the Uzbekistan 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 improvement in tourism and robust public investment in data center and logistics projects will drive the commercial sector’s growth during 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. Investment in new manufacturing plants, in line with the government’s plan to increase Uzbekistan’s foreign trade volume, will drive the sector’s growth during the forecast period.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The modernizing transport infrastructure for tourism development and enhancing regional connectivity will support the infrastructure sector’s output during the forecast period.
Energy and utility construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Government investment in healthcare, education, and research and development will fuel the growth of the institutional construction sector during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The investment in the construction of affordable housing, in turn, will support the residential sector output over the forecast period.
Uzbekistan Construction Market Analysis by Sectors, 2022 (%)
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Uzbekistan Construction Market – Latest Developments
- In October 2023, an agreement was signed between China Southern Power Grid International and Uzbekhydroenergo JSC to construct a hydroelectric power plant in the Bostanlyk district of the Tashkent region.
- The largest project in the pipeline is the Jizzakh Nuclear Power Plant project which involves the construction of a nuclear power plant, two power units, a powerhouse, substations, and related facilities.
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Segments Covered in the Report
Uzbekistan 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 Uzbekistan.
- Historical and forecast valuations of the construction industry in Uzbekistan, 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 Uzbekistan construction market size in 2022?
The construction market size in Uzbekistan was $13.1 billion in 2022.
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What is the Uzbekistan construction market growth rate?
The construction market in Uzbekistan is projected to achieve an AAGR of more than 4% during 2024-2027.
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Which was the leading sector in the Uzbekistan construction market in 2022?
Infrastructure construction was the leading sector in the Uzbekistan construction market in 2022.
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