Sub-Saharan Africa
The Sub-Saharan Africa infrastructure construction market size will be valued at $91.1 billion in 2023 and is estimated to grow at a compound annual growth rate (CAGR) of 5.7% over the forecast period. The growth in the market is primarily driven by the regional transportation project pipeline focusing on roadway, railway, and waterway developments.
The regional dynamics for the infrastructure construction sector are backed by steady investments in the transportation sector. However, with rising inflation rates and public debts with a stronger US dollar is likely to restrict money flow in 2023. The increase in construction material cost coupled with the hike in energy charges is projected to directly restrain the market growth over the forecast period. — Global Data
Roads: Sub-Saharan Africa roads sector requires substantial improvements. However, lack of funding constrained by the elevated public debts, rising inflation rates, currency depreciations, and increased dollar-denominated debt servicing costs, the sectoral growth momentum is likely to struggle over the short-term period.
Despite these challenges, the road network of the region is anticipated to increase with a sizable pipeline from Nigeria. For instance, as part of the National Development Plan 2021–2025, the Nigerian government aims to increase the percentage of Nigerian road networks under scheduled maintenance and repair from 45% in 2020 to 75% in 2025. The plan is expected to generate 21 million full-time jobs and lift 35 million people out of poverty by 2025.
| Market Size in 2023 | $91.1 billion |
| Market Size in 2026 | $111.8 billion |
| CAGR | 5.7% from 2022 to 2026 |
| Historic Years | 2016-2021 |
| Forecast Period | 2022-2026 |
| Report Scope & Coverage | Sector Overview, Construction Output Value ($ Million), Project Pipeline by Country and Sector, Regional Outlook by Key Sectors, Top 20 Project Details by Sector |
| Key Segments | Roads, Railways, Electricity and Power, Water and Sewage, Others |
| Key Countries | Ethiopia, Nigeria, South Africa, Tanzania, and Rest of Sub-Saharan Africa |