Market Forecast By Product type (Construction aggregates, Concrete bricks, Cement, Construction metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC016746 | Publication Date: Oct 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Jordan Construction Materials market currently, in 2023, has witnessed an HHI of 2261, Which has increased slightly as compared to the HHI of 1897 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Jordan Construction Materials Market report thoroughly covers the market by product type and application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Jordan construction materials market has been witnessing a prominent growth in recent times, mostly owing to the strong demand of construction materials coupled with increased activities in the infrastructure development and real estate sectors. The market consists of several key players who offer a wider range of construction materials and services, providing customers with quality and diversity. Construction activities and the need for modernization of infrastructure have always been the major drivers. The government's investment in building new hospitals, schools, roads, and residential properties has also contributed to the market's growth.
According to 6Wresearch, the Jordan Construction Materials Market size is projected to boost at a CAGR of 6.7% during the forecast period 2025-2031. One of the primary growing aspects behind the growth of the construction materials market in Jordan is the country's rapidly growing population. The population growth rate of Jordan is over 2% per annum, which shows a higher demand for affordable housing, infrastructure development, and public amenities. Moreover, the country's is making efforts for encouraging tourism have resulted in increasing investments in hospitality, entertainment, and leisure projects, further surging the demand for construction materials. Despite the growth prospects, market also faces several challenges. For instance, the industry is highly competitive, with the existence of small and medium-sized businesses competing for market share.
Additionally, several foreign manufacturers have entered the market, offered cheaper products, and increased the competitive landscape. Lastly, the COVID-19 pandemic has left a profound impact on the Jordan Construction Materials Market growth, with many construction projects being put on hold or cancelled due to a fall in demand. Nevertheless, some ongoing trends are contributing to the market growth. One of the significant trends in the market is the eco-friendly building materials is gaining preference. There has been an increasing adoption for sustainable products, like recycled materials and green roofs, which reduce carbon footprints. Moreover, construction projects in Jordan are leveraging digital technology to enhance efficiency and cost-effectiveness. This includes the use of building information modeling (BIM) software, which creates digital models of buildings to optimize design and reduce waste.
The Jordanian government is taking active measures which is increasing Jordan construction materials market share with the growing investment in infrastructure development within the country. The government has launched several initiatives, including favourable policies & programmes that emphasize on creating new roads, highways, building bridges, and upgrading the country's airports. Efficient public transport infrastructure will attract tourism whilst providing easier access for locals. The government is also promoting foreign investment in the construction materials market by providing tax breaks and simplifying regulatory processes & procedures.
The leading players operating in the Jordan construction market are:
These companies have been operating in the market for a while and have established a strong presence. Moreover, several new players have also entered the market, led by technological advancements, and offering new materials and segments to weigh in with the growing market.
According to Shivankar, Research Manager, 6Wresearch, construction aggregates have been securing a highest demand. This is due to the essential role that aggregates play in construction works. However, other construction materials, including concrete bricks, cement, and construction metals, have a demand, depending on the construction types.
Based on the application, the residential sector has been the major growing sector in the Jordan construction materials market, influenced by the fast-growing population and the government's continuous efforts to support the real estate industry.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Jordan Construction Materials Market Overview |
3.1 Jordan Country Macro Economic Indicators |
3.2 Jordan Construction Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Jordan Construction Materials Market - Industry Life Cycle |
3.4 Jordan Construction Materials Market - Porter's Five Forces |
3.5 Jordan Construction Materials Market Revenues & Volume Share, By Product type 2024 & 2031F |
3.6 Jordan Construction Materials Market Revenues & Volume Share, By Application, 2024 & 2031F |
4 Jordan Construction Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Jordan Construction Materials Market Trends |
6 Jordan Construction Materials Market, By Types |
6.1 Jordan Construction Materials Market, By Product type |
6.1.1 Overview and Analysis |
6.1.2 Jordan Construction Materials Market Revenues & Volume, By Product type 2021 - 2031F |
6.1.3 Jordan Construction Materials Market Revenues & Volume, By Construction aggregates, 2021 - 2031F |
6.1.4 Jordan Construction Materials Market Revenues & Volume, By Concrete bricks, 2021 - 2031F |
6.1.5 Jordan Construction Materials Market Revenues & Volume, By Cement, 2021 - 2031F |
6.1.6 Jordan Construction Materials Market Revenues & Volume, By Construction metals, 2021 - 2031F |
6.2 Jordan Construction Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Jordan Construction Materials Market Revenues & Volume, By Residential, 2021 - 2031F |
6.2.3 Jordan Construction Materials Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.2.4 Jordan Construction Materials Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Jordan Construction Materials Market Import-Export Trade Statistics |
7.1 Jordan Construction Materials Market Export to Major Countries |
7.2 Jordan Construction Materials Market Imports from Major Countries |
8 Jordan Construction Materials Market Key Performance Indicators |
9 Jordan Construction Materials Market - Opportunity Assessment |
9.1 Jordan Construction Materials Market Opportunity Assessment, By Product type 2024 & 2031F |
9.2 Jordan Construction Materials Market Opportunity Assessment, By Application, 2024 & 2031F |
10 Jordan Construction Materials Market - Competitive Landscape |
10.1 Jordan Construction Materials Market Revenue Share, By Companies, 2024 |
10.2 Jordan Construction Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |