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Published: May, 2017 | Pages:
71 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)
Synopsis
In real terms, the Nigerian construction industry registered positive growth during the review period (2012-2016). However, construction activity was weak during 2016 as the economy slipped into recession. Consequently, the industry's output value in real terms rose at a compound annual growth rate (CAGR) of 6.16% during the review period. The industry is expected to expand slowly over the forecast period (2017-2021), with performance expected to remain negative during 2017 due to the prevailing economic crisis. However, government efforts to revitalize the economy by focusing on developing the country's infrastructure, energy and residential sectors are expected to contribute to the industry's gradual growth over the forecast period. The government's aim to develop the country's transport infrastructure and enhance regional connectivity is expected to promote the industry's growth over the forecast period. Additionally, government moves to develop the manufacturing sector and overcome the country's housing deficit are also expected to support industry expansion. The industry's output value is expected to post a forecast-period CAGR of 0.77% in real terms.
Summary
Timetric's Construction in Nigeria, Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the Nigerian construction industry, including: • The Nigerian construction industry's growth prospects by market, project type and construction activity • Analysis of equipment, material and service costs for each project type in Nigeria • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Nigerian construction industry • Profiles of the leading operators in the Nigerian construction industry • Data highlights of the largest construction projects in Nigeria
Scope
This report provides a comprehensive analysis of the construction industry in Nigeria. It provides: • Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Nigeria using construction output and value-add methods • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services) • Analysis of key construction industry issues, including regulation, cost management, funding and pricing • Detailed profiles of the leading construction companies in Nigeria
Reasons To Buy
• Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight. • Assess business risks, including cost, regulatory and competitive pressures. • Evaluate competitive risk and success factors.
Key Highlights
• In November 2016, the Nigerian National Petroleum Corporation announced plans to develop the Trans-Saharan gas pipeline project linking Nigeria and Algeria. With a total investment of NGN5.2 trillion (US$20.0 billion), the project includes the construction of 4,216km pipeline with a diameter of 1.2m to 1.4m and gas-gathering centers. • The government aims to make the country a global industrial hub. Accordingly, in February 2017, the government granted approval for the development of Gas Revolution Industrial Park in Ogidigben, Niger Delta region. The project includes the construction of several industrial plants, including petrochemicals, methanol, aluminum and fertilizer in a single location on a 2,700ha area. • Foreign investments are becoming increasingly vital to Nigeria's economic growth. In February 2017, the US Agency for International Development announced plans to invest NGN305.9 billion (US$1.0 billion) in the country's energy sector. This investment is part of the Power Africa program, which was launched by the US government in July 2013, with an aim to improve accessibility to sustainable and affordable energy in Africa. • Solar energy has been Nigeria's most significant source of renewable energy in recent years. To benefit from this, several international companies are investing in the country's solar energy sector. In November 2016, the General Electric Company signed a memorandum of understanding with the Nigerian government to develop five solar power plants in Nassarawa, Taraba, Borno, Niger and Kebbi. • In its 2017 budget, the government placed significant emphasis on the country's overall infrastructure development as part of its move to stimulate growth following the recession. Accordingly, the government announced plans to invest NGN97.0 billion (US$317.1 million) to develop transport infrastructure projects.
Table of Contents
1 Executive Summary 2 Industry Outlook 2.1 Commercial Construction 2.2 Industrial Construction 2.3 Infrastructure Construction 2.4 Energy and Utilities Construction 2.5 Institutional Construction 2.6 Residential Construction 3 Key Issues and Developments 4 Market Data Analysis 4.1 Construction Output and Value Add 4.1.1 Construction output by project type 4.1.2 Construction output by cost type 4.1.3 Construction output by activity type 4.1.4 Construction value add by project type 4.2 Commercial Construction 4.2.1 Commercial construction output by project type 4.2.2 Commercial construction output by cost type 4.2.3 Commercial construction output by activity type 4.2.4 Commercial construction value add by project type 4.3 Industrial Construction 4.3.1 Industrial construction output by project type 4.3.2 Industrial construction output by cost type 4.3.3 Industrial construction output by activity type 4.3.4 Industrial construction value add by project type 4.4 Infrastructure Construction 4.4.1 Infrastructure construction output by project type 4.4.2 Infrastructure construction output by cost type 4.4.3 Infrastructure construction output by activity type 4.4.4 Infrastructure construction value add by project type 4.5 Energy and Utilities Construction 4.5.1 Energy and utilities construction output by project type 4.5.2 Energy and utilities construction output by cost type 4.5.3 Energy and utilities construction output by activity type 4.5.4 Energy and utilities construction value add by project type 4.6 Institutional Construction 4.6.1 Institutional construction output by project type 4.6.2 Institutional construction output by cost type 4.6.3 Institutional construction output by activity type 4.6.4 Institutional construction value add by project type 4.7 Residential Construction 4.7.1 Residential construction output by project type 4.7.2 Residential construction output by cost type 4.7.3 Residential construction output by activity type 4.7.4 Residential construction value add by project type 5 Company Profile: Cappa and D'Alberto Plc 5.1 Cappa and D'Alberto Plc - Company Overview 5.2 Cappa and D'Alberto Plc - Main Services 5.3 Cappa and D'Alberto Plc - History 5.4 Cappa and D'Alberto Plc - Company Information 5.4.1 Cappa and D'Alberto Plc - key competitors 5.4.2 Cappa and D'Alberto Plc - key employees 6 Company Profile: Dantata & Sawoe Construction Company (Nigeria) Ltd 6.1 Dantata & Sawoe Construction Company (Nigeria) Ltd - Company Overview 6.2 Dantata & Sawoe Construction Company (Nigeria) Ltd - Main Products and Services 6.3 Dantata & Sawoe Construction Company (Nigeria) Ltd - History 6.4 Dantata & Sawoe Construction Company (Nigeria) Ltd - Company Information 6.4.1 Dantata & Sawoe Construction Company (Nigeria) Ltd - key competitors 6.4.2 Dantata & Sawoe Construction Company (Nigeria) Ltd - key employee 7 Company Profile: Evomec Global Services Ltd 7.1 Evomec Global Services Ltd - Company Overview 7.2 Evomec Global Services Ltd - Main Services 7.3 Evomec Global Services Ltd - History 7.4 Evomec Global Services Ltd - Company Information 7.4.1 Evomec Global Services Ltd - key competitors 7.4.2 Evomec Global Services Ltd - key employee 8 Company Profile: PW Nigeria Ltd 8.1 PW Nigeria Ltd - Company Overview 8.2 PW Nigeria Ltd - Main Services 8.3 PW Nigeria Ltd - History 8.4 PW Nigeria Ltd - Company Information 8.4.1 PW Nigeria Ltd - key competitors 8.4.2 PW Nigeria Ltd - key employees 9 Company Profile: Sea Trucks Group 9.1 Sea Trucks Group - Company Overview 9.2 Sea Trucks Group - Main Services 9.3 Sea Trucks Group - History 9.4 Sea Trucks Group - Company Information 9.4.1 Sea Trucks Group - key competitors 9.4.2 Sea Trucks Group - key employee 10 Appendix 10.1 What is this Report About? 10.2 Definitions 10.3 Methodology 10.4 Contact Timetric 10.5 About Timetric 10.6 Timetric's Services 10.7 Disclaimer
List of Tables
Table 1: Nigerian Construction Output by Project Type (NGN Million), 2012-2016 Table 2: Nigerian Construction Output by Project Type (NGN Million), 2016-2021 Table 3: Nigerian Construction Output by Cost Type (NGN Million), 2012-2016 Table 4: Nigerian Construction Output by Cost Type (NGN Million), 2016-2021 Table 5: Nigerian Construction Output by Activity Type (NGN Million), 2012-2016 Table 6: Nigerian Construction Output by Activity Type (NGN Million), 2016-2021 Table 7: Nigerian Construction Value Add by Project Type (NGN Million), 2012-2016 Table 8: Nigerian Construction Value Add by Project Type (NGN Million), 2016-2021 Table 9: Nigerian Commercial Construction Output by Project Type (NGN Million), 2012-2016 Table 10: Nigerian Commercial Construction Output by Project Type (NGN Million), 2016-2021 Table 11: Nigerian Commercial Construction Output by Cost Type (NGN Million), 2012-2016 Table 12: Nigerian Commercial Construction Output by Cost Type (NGN Million), 2016-2021 Table 13: Nigerian Commercial Construction Output by Activity Type (NGN Million), 2012-2016 Table 14: Nigerian Commercial Construction Output by Activity Type (NGN Million), 2016-2021 Table 15: Nigerian Commercial Construction Value Add by Project Type (NGN Million), 2012-2016 Table 16: Nigerian Commercial Construction Value Add by Project Type (NGN Million), 2016-2021 Table 17: Nigerian Industrial Construction Output by Project Type (NGN Million), 2012-2016 Table 18: Nigerian Industrial Construction Output by Project Type (NGN Million), 2016-2021 Table 19: Nigerian Industrial Construction Output by Cost Type (NGN Million), 2012-2016 Table 20: Nigerian Industrial Construction Output by Cost Type (NGN Million), 2016-2021 Table 21: Nigerian Industrial Construction Output by Activity Type (NGN Million), 2012-2016 Table 22: Nigerian Industrial Construction Output by Activity Type (NGN Million), 2016-2021 Table 23: Nigerian Industrial Construction Value Add by Project Type (NGN Million), 2012-2016 Table 24: Nigerian Industrial Construction Value Add by Project Type (NGN Million), 2016-2021 Table 25: Nigerian Infrastructure Construction Output by Project Type (NGN Million), 2012-2016 Table 26: Nigerian Infrastructure Construction Output by Project Type (NGN Million), 2016-2021 Table 27: Nigerian Infrastructure Construction Output by Cost Type (NGN Million), 2012-2016 Table 28: Nigerian Infrastructure Construction Output by Cost Type (NGN Million), 2016-2021 Table 29: Nigerian Infrastructure Construction Output by Activity Type (NGN Million), 2012-2016 Table 30: Nigerian Infrastructure Construction Output by Activity Type (NGN Million), 2016-2021 Table 31: Nigerian Infrastructure Construction Value Add by Project Type (NGN Million), 2012-2016 Table 32: Nigerian Infrastructure Construction Value Add by Project Type (NGN Million), 2016-2021 Table 33: Nigerian Energy and Utilities Construction Output by Project Type (NGN Million), 2012-2016 Table 34: Nigerian Energy and Utilities Construction Output by Project Type (NGN Million), 2016-2021 Table 35: Nigerian Energy and Utilities Construction Output by Cost Type (NGN Million), 2012-2016 Table 36: Nigerian Energy and Utilities Construction Output by Cost Type (NGN Million), 2016-2021 Table 37: Nigerian Energy and Utilities Construction Output by Activity Type (NGN Million), 2012-2016 Table 38: Nigerian Energy and Utilities Construction Output by Activity Type (NGN Million), 2016-2021 Table 39: Nigerian Energy and Utilities Construction Value Add by Project Type (NGN Million), 2012-2016 Table 40: Nigerian Energy and Utilities Construction Value Add by Project Type (NGN Million), 2016-2021 Table 41: Nigerian Institutional Construction Output by Project Type (NGN Million), 2012-2016 Table 42: Nigerian Institutional Construction Output by Project Type (NGN Million), 2016-2021 Table 43: Nigerian Institutional Construction Output by Cost Type (NGN Million), 2012-2016 Table 44: Nigerian Institutional Construction Output by Cost Type (NGN Million), 2016-2021 Table 45: Nigerian Institutional Construction Output by Activity Type (NGN Million), 2012-2016 Table 46: Nigerian Institutional Construction Output by Activity Type (NGN Million), 2016-2021 Table 47: Nigerian Institutional Construction Value Add by Project Type (NGN Million), 2012-2016 Table 48: Nigerian Institutional Construction Value Add by Project Type (NGN Million), 2016-2021 Table 49: Nigerian Residential Construction Output by Project Type (NGN Million), 2012-2016 Table 50: Nigerian Residential Construction Output by Project Type (NGN Million), 2016-2021 Table 51: Nigerian Residential Construction Output by Cost Type (NGN Million), 2012-2016 Table 52: Nigerian Residential Construction Output by Cost Type (NGN Million), 2016-2021 Table 53: Nigerian Residential Construction Output by Activity Type (NGN Million), 2012-2016 Table 54: Nigerian Residential Construction Output by Activity Type (NGN Million), 2016-2021 Table 55: Nigerian Residential Construction Value Add by Project Type (NGN Million), 2012-2016 Table 56: Nigerian Residential Construction Value Add by Project Type (NGN Million), 2016-2021 Table 57: Cappa and D'Alberto Plc, Key Facts Table 58: Cappa and D'Alberto Plc, Main Services Table 59: Cappa and D'Alberto Plc, History Table 60: Cappa and D'Alberto Plc, Key Employees Table 61: Dantata & Sawoe Construction Company (Nigeria) Ltd, Key Facts Table 62: Dantata & Sawoe Construction Company (Nigeria) Ltd, Main Products and Services Table 63: Dantata & Sawoe Construction Company (Nigeria) Ltd, History Table 64: Dantata & Sawoe Construction Company (Nigeria) Ltd, Key Employee Table 65: Evomec Global Services Ltd, Key Facts Table 66: Evomec Global Services Ltd, Main Services Table 67: Evomec Global Services Ltd, History Table 68: Evomec Global Services Ltd, Key Employee Table 69: PW Nigeria Ltd, Key Facts Table 70: PW Nigeria Ltd, Main Services Table 71: PW Nigeria Ltd, History Table 72: PW Nigeria Ltd, Key Employees Table 73: Sea Trucks Group, Key Facts Table 74: Sea Trucks Group, Main Services Table 75: Sea Trucks Group, History Table 76: Sea Trucks Group, Key Employee Table 77: Timetric Construction Market Definitions
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