Market Forecast By Product type (Construction aggregates, Concrete bricks, Cement, Construction metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC016755 | Publication Date: Oct 2020 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Tanzania Construction Materials market currently, in 2023, has witnessed an HHI of 1332, Which has decreased slightly as compared to the HHI of 1882 in 2017. The market is moving towards highly 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.
Tanzania Construction Materials Market report thoroughly covers the market by installation type, by voltage and by end-use. 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.
Tanzania Construction Materials Market is diverse and comprises various products such as cement, steel, bricks, tiles, sand, and aggregates. Cement specifically holds a significant share in the market with 63% of the commercial market share and 82% of the residential market. Steel, on the other hand, takes up approximately 10%, whereas bricks and tiles take up 27% of the entire construction materials market. The construction industry in Tanzania is rapidly evolving with a steady pace complemented by the robust macroeconomic indicators. The Tanzania construction materials market has been expanding at a remarkable rate and is expected to remain lucrative soon.
According to 6Wresearch, the Tanzania Construction Materials Market size is projected to boost at a CAGR of 6.5% during the forecast period 2025-2031. The market growth is influenced by several factors such as rapid urbanization, population growth, and increasing infrastructure investment will provide impetus for the growth of the construction sector. The government's investment in public construction projects such as roads, airports, and bridges will further boost the demand for construction materials such as cement and steel.
On the other hand, the Tanzania construction materials industry has challenges ranging from skilled labor shortages, cost overruns, and material price fluctuations, and taxation issues with imported goods. However, the industry is hopeful that these challenges will be tackled soon, leading to an increase in overall sector performance. Nevertheless, there are various ongoing trends such as the implementation of green building materials, adoption of new technologies, and incorporation of sustainable building practices. These trends promote sustainability, energy efficiency, and environmental conservation. All these are augmenting the Tanzania Construction Materials Market growth.
The Tanzanian government has ramped up infrastructure projects and implemented policies to support the construction industry. Recently the Government of Tanzania waived Value Added Tax (VAT) On Aluminum products and other building materials. This will support local manufacturers as they will be able to sell their products at a lower cost. These are some certain initiatives supporting the growth of the Tanzania Construction Materials industry.
The Tanzania construction materials market is competitive with several key players include:
According to Dhaval, Research Manager, 6Wresearch, the residential sector remains the largest, the industrial sector has the fastest growth rate, making it a strategic sector for investment. With the rising urbanization and population growth in the country.
Based on the product type, it is difficult to determine which product type is leading as all product types, including Construction Aggregates, Concrete Bricks, Cement, Construction Metals register a high demand during construction activity.
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 Tanzania Construction Materials Market Overview |
3.1 Tanzania Country Macro Economic Indicators |
3.2 Tanzania Construction Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Tanzania Construction Materials Market - Industry Life Cycle |
3.4 Tanzania Construction Materials Market - Porter's Five Forces |
3.5 Tanzania Construction Materials Market Revenues & Volume Share, By Product type 2024 & 2031F |
3.6 Tanzania Construction Materials Market Revenues & Volume Share, By Application, 2024 & 2031F |
4 Tanzania Construction Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Tanzania Construction Materials Market Trends |
6 Tanzania Construction Materials Market, By Types |
6.1 Tanzania Construction Materials Market, By Product type |
6.1.1 Overview and Analysis |
6.1.2 Tanzania Construction Materials Market Revenues & Volume, By Product type 2021 - 2031F |
6.1.3 Tanzania Construction Materials Market Revenues & Volume, By Construction aggregates, 2021 - 2031F |
6.1.4 Tanzania Construction Materials Market Revenues & Volume, By Concrete bricks, 2021 - 2031F |
6.1.5 Tanzania Construction Materials Market Revenues & Volume, By Cement, 2021 - 2031F |
6.1.6 Tanzania Construction Materials Market Revenues & Volume, By Construction metals, 2021 - 2031F |
6.2 Tanzania Construction Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Tanzania Construction Materials Market Revenues & Volume, By Residential, 2021 - 2031F |
6.2.3 Tanzania Construction Materials Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.2.4 Tanzania Construction Materials Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Tanzania Construction Materials Market Import-Export Trade Statistics |
7.1 Tanzania Construction Materials Market Export to Major Countries |
7.2 Tanzania Construction Materials Market Imports from Major Countries |
8 Tanzania Construction Materials Market Key Performance Indicators |
9 Tanzania Construction Materials Market - Opportunity Assessment |
9.1 Tanzania Construction Materials Market Opportunity Assessment, By Product type 2024 & 2031F |
9.2 Tanzania Construction Materials Market Opportunity Assessment, By Application, 2024 & 2031F |
10 Tanzania Construction Materials Market - Competitive Landscape |
10.1 Tanzania Construction Materials Market Revenue Share, By Companies, 2024 |
10.2 Tanzania Construction Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |