KENYA CONSTRUCTION MATERIAL MARKET

Kenya Construction Material Market is projected to grow at robust growth rate in the next couple of years to Kenya’s construction industry is observing substantial growth as there has been an increased focuses on infrastructure improvement efforts, such as to offer new housing options for residents and upgrading of road networks to increase connectivity. Kenya National Bureau of Statistics noted that Kenya’s economic growth continues to be propelled by the real estate and construction sector, which provides 7% of the gross domestic product, and employs around 148,000 people.

Major Kenya Construction Material Market Drivers and Emerging Trends

There are several construction materials widely used in Kenya, that includes sand, wood, metal, among others. The demand for these materials is expected to increase as there is a rising number of construction projects in the country.

The rapid growth in Kenya construction material market is owing to the rise in construction projects, rapid urbanization, and the funding for infrastructure and nationwide modernization. There has also been an increase in the country’s population which open opportunities in residential and commercial building constructions, which can further foster the growth of Kenya construction material market.

The government of Kenya has deployed several initiatives in the infrastructure development, including urban revitalization, development of housing for moderate and low-income households, and production and distribution of construction material and parts.

Under Kenya Vision 2030, the government develops a plan for enhancing construction sector productivity which will be consistently executed through a Construction Industry Development Board. The primary objective is to improve the strength of Kenya’s construction sector, which can also contribute to the development of Kenya construction material market.

This development offers opportunities for foreign investors, as English is universally spoken, and the workforce is recognized for their intelligence and dedication. The literacy rate in Kenya is also the highest among Africa nations, which will be beneficial for companies in term of labor force. Considering this, starting a business in Kenya provides an excellent entry point into the African market, given its thriving economy, abundant natural resources, and hardworking and highly communicative workforce.

However, despite the rapid growth in Kenya construction material market, there are some challenges that this market needs to address. In the construction sector, common challenges revolve around delays and interruptions in the projects that can hamper the growth of this market. The financial constraints can be another challenge, as the government should make prudent budget allocation for infrastructure development. In addition, the stringent regulations and legal compliance challenges can further hinder the development of Kenya construction material market.

Segments covered in the Report:

The Kenya Construction Materials Market has been segmented on the basis of Material Type and By End-use. Based on the Material Type, the market is segmented into Aggregates, Cement, Bricks and Blocks, Metals & Others. Based on the End-use, the market is segmented into Residential, Commercial and Industrial.

Market Segmentation

Kenya Construction Materials Market by Material Type 

• • Aggregates
  • Cement
  • Bricks and Blocks
  • Metals
  • Others

Kenya Construction Materials Market by End-use             

• • Residential
  • Commercial
  • Industrial