Bangladesh GDP: Industry: Construction data was reported at 4,723,789.000 BDT mn in 2024. This records an increase from the previous number of 4,203,106.000 BDT mn for 2023. Bangladesh GDP: Industry: Construction data is updated yearly, averaging 2,878,801.000 BDT mn from Jun 2016 (Median) to 2024, with 9 observations. The data reached an all-time high of 4,723,789.000 BDT mn in 2024 and a record low of 1,628,426.000 BDT mn in 2016. Bangladesh GDP: Industry: Construction data remains active status in CEIC and is reported by Bangladesh Bureau of Statistics. The data is categorized under Global Database’s Bangladesh – Table BD.A0006: SNA08: GDP by Industry: Current Price: Annual. The June 2022 data is provisional estimates only.

GDP from Construction in Bangladesh increased to 3202.80 BDT Billion in 2024 from 2980.80 BDT Billion in 2023. This dataset provides - Bangladesh Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Bangladesh construction market, valued at $32.33 million in 2025, is projected to experience robust growth, driven by significant government investment in infrastructure development, rapid urbanization, and a burgeoning population. A Compound Annual Growth Rate (CAGR) of 6.42% is anticipated from 2025 to 2033, indicating a substantial market expansion. Key growth drivers include the government's focus on improving transportation networks (roads, railways, ports), the rising demand for residential housing fueled by population growth and economic development, and increasing investment in energy and utility infrastructure to support industrial expansion. The market is segmented into residential, commercial, industrial, infrastructure (transportation), and energy and utilities sectors, each contributing to the overall growth trajectory. While challenges such as land acquisition complexities and potential material price fluctuations exist, the long-term outlook for the Bangladesh construction market remains positive. The strong government support and continuous economic growth are expected to offset these challenges, ensuring sustained market expansion over the forecast period. Leading companies like Mir Akhter Hossain Limited, Mazid Sons Constructions Ltd, and others play a significant role in shaping the market landscape through their project execution capabilities and market expertise. The competitive landscape is dynamic, with both large multinational corporations and local players vying for market share. The increasing adoption of advanced construction technologies and sustainable building practices is also expected to further enhance the market's efficiency and growth potential. The focus on improving infrastructure will be a key driver in the coming years, attracting both domestic and international investment. This growth is likely to be distributed across all market segments, with residential construction possibly witnessing the highest growth rate due to increasing urbanization and population density. Recent developments include: March 2023: Japan was to provide USD 1.27 billion to Bangladesh for 3 infrastructure projects, including the building of Matarbari commercial port in Southeast, according to Bangladesh's Finance Ministry., October 2022: Construction of Dhaka's 31.24 km MRT Line 1, Bangladesh's first metro, was due to start in December 2022. A contract for project construction monitoring services was signed by the Dhaka Mass Rapid Transit Business (DMTCL), the metro project's executing agency, and a Japanese joint venture company led by Nippon Koei. The consortium also includes Oriental Consultants Global, Systra, Delhi Metro Rail, Nippon Koei India, Katahira and Engineers International, Development Design Consultants, and Nippon Koei Bangladesh.. Key drivers for this market are: 4., Rapid Urbanization is driving the market4.; Government Initiatives Actively promoting the Construction Activities. Potential restraints include: 4., Rapid Urbanization is driving the market4.; Government Initiatives Actively promoting the Construction Activities. Notable trends are: Growth in Infrastructure Activities is driving the market.

The Bangladesh construction chemicals market is set to grow at 8.8% CAGR from 2024 to 2033, reaching US$479.4 million from US$224.8 million

In 2024, the Bangladeshi construction equipment blade market increased by 0.8% to $68K for the first time since 2021, thus ending a two-year declining trend. Overall, consumption, however, saw a abrupt shrinkage. As a result, consumption reached the peak level of $343K. From 2018 to 2024, the growth of the market remained at a somewhat lower figure.

Chemical and Pharmaceutical Plants Construction Market in Bangladesh – Market Size and Forecasts to 2025 (including New Construction, Repair and Maintenance, Refurbishment and Demolition and Materials, Equipment and Services costs) is a broad level market review of Chemical and Pharmaceutical Plants construction market in Bangladesh. Read More

For the sixth consecutive year, the Bangladeshi construction sands market recorded growth in sales value, which increased by 1.5% to $1.3M in 2024. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2024 and is likely to see gradual growth in years to come.

Bangladesh BD: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data was reported at 151.321 USD bn in 2023. This records a decrease from the previous number of 156.077 USD bn for 2022. Bangladesh BD: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data is updated yearly, averaging 6.712 USD bn from Jun 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 156.077 USD bn in 2022 and a record low of 298.123 USD mn in 1960. Bangladesh BD: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bangladesh – Table BD.World Bank.WDI: Gross Domestic Product: Nominal. Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;Note: Data for OECD countries are based on ISIC, revision 4.

The Tools & Construction Supplies eCommerce market in Bangladesh is predicted to reach US$232.5m revenue by 2025, reflecting an estimated growth rate of 29% compared to 2024.

Bangladesh Employment: Female: Construction data was reported at 255.000 Person th in 2017. This records an increase from the previous number of 194.000 Person th for 2016. Bangladesh Employment: Female: Construction data is updated yearly, averaging 194.000 Person th from Jun 2013 (Median) to 2017, with 3 observations. The data reached an all-time high of 255.000 Person th in 2017 and a record low of 168.000 Person th in 2013. Bangladesh Employment: Female: Construction data remains active status in CEIC and is reported by Bangladesh Bureau of Statistics. The data is categorized under Global Database’s Bangladesh – Table BD.G005: Labour Force Survey: Employment: by Industry.

Statistics illustrates market overview of blades for construction equipment in Bangladesh from 2007 to 2024.

Industry (including construction), value added (annual % growth) in Bangladesh was reported at 8.3674 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Bangladesh - Industry, value added (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

GlobalData expects the Bangladeshi construction industry to contract by 1.2% in 2020, with the high likelihood of further cuts if activity in the short-term is more severely disrupted than currently anticipated. Read More

Bangladesh Number of Job Postings: New: Construction data was reported at 5.000 Unit in 14 Apr 2025. This records an increase from the previous number of 4.000 Unit for 07 Apr 2025. Bangladesh Number of Job Postings: New: Construction data is updated weekly, averaging 0.000 Unit from Jan 2008 (Median) to 14 Apr 2025, with 902 observations. The data reached an all-time high of 40.000 Unit in 14 Oct 2024 and a record low of 0.000 Unit in 24 Mar 2025. Bangladesh Number of Job Postings: New: Construction data remains active status in CEIC and is reported by Revelio Labs, Inc.. The data is categorized under Global Database’s Bangladesh – Table BD.RL.JP: Number of Job Postings: New: by Industry.

For the fourth year in a row, Bangladesh recorded growth in overseas shipments of construction sands, which increased by 20% to 82K tons in 2023.

Snapshot img

Construction Equipment Market Size 2024-2028

The construction equipment market size is forecast to increase by USD 3.8 billion at a CAGR of 5.21% between 2023 and 2028.

The market is witnessing significant growth due to several key trends. One of the primary drivers is the rising number of new construction equipment launches, as manufacturers continue to innovate and introduce advanced technologies to meet the evolving needs of the industry. Another trend is the increasing adoption of electric construction equipment, which offers numerous benefits such as reduced emissions and lower operating costs.
However, the high initial cost and maintenance requirements of construction equipment remain challenges for market growth. Despite these challenges, the market is expected to continue expanding due to the increasing demand for infrastructure development and construction projects in various sectors.

What will be the Size of the Construction Equipment Market During the Forecast Period?

Request Free Sample

The market In the United States is driven by the demand for infrastructure projects, encompassing road infrastructure, national highway projects, and sustainable initiatives. Sustainable projects, such as those focused on renewable energy and green buildings, are increasingly prioritized, leading to a growing interest in electric construction equipment, autonomous machinery, and battery technology. Traditional diesel engines continue to dominate the market, but hybrids and alternative power sources are gaining traction due to emission laws and the pursuit of equipment efficiency. Construction activities span various industries, including mining, agriculture, forestry, waste management, municipal services, and material handling. Technological integration, including automated equipment and construction machinery, is a significant trend, enhancing productivity and reducing labor costs.
Market segments, such as forklifts, pavers, and dozers, continue to evolve, with a focus on improving performance and sustainability. Overall, the market is dynamic and diverse, responding to the demands of a wide range of industries and applications.

How is this Construction Equipment Industry segmented and which is the largest segment?

The construction equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Owned equipment
  Rented equipment
  Leased equipment


Application

  Commercial
  Residential
  Infrastructure


Geography

  APAC

    China
    India
    Japan


  North America

    US


  Europe

    Germany


  Middle East and Africa



  South America

By Product Insights

The owned equipment segment is estimated to witness significant growth during the forecast period.

The market encompasses machinery and vehicles owned by construction companies, contractors, and end-users. This segment includes excavators, loaders, skid steers, trucks, trailers, and other construction-specific vehicles. Owned equipment is purchased outright or acquired through alternative means, primarily operated and maintained by the owner. The owned equipment segment holds a substantial share In the market. Infrastructure projects, Sustainable projects, and Urban migration drive the demand for advanced, efficient, and eco-friendly equipment, such as Electric construction equipment, Autonomous machinery, Hybrid dump trucks, and Fuel-efficient equipment. Infrastructure investments, Industrial application, Commercial infrastructure, Housing projects, and Road infrastructure projects are significant industries utilizing construction equipment.

Emission laws and environmental concerns influence the adoption of advanced technologies like Battery technology, Smart grids, and Long-term contracts. The Equipment rental industry also plays a vital role In the market, offering rental services for various construction activities and Smart city development.

Get a glance at the Construction Equipment Industry report of share of various segments Request Free Sample

The Owned equipment segment was valued at USD 5.74 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 32% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions, Request Free Sample

The market In the Asia-Pacific region is experiencing steady growth due to increasing construction activities in emerging economies like India, Afghanistan, and Bangladesh. This growth is driven by the need to provide residential

Bangladesh GDP: 1995-96p: Construction data was reported at 392,802.000 BDT mn in 2013. This records an increase from the previous number of 363,523.000 BDT mn for 2012. Bangladesh GDP: 1995-96p: Construction data is updated yearly, averaging 175,193.500 BDT mn from Jun 1990 (Median) to 2013, with 24 observations. The data reached an all-time high of 392,802.000 BDT mn in 2013 and a record low of 74,963.000 BDT mn in 1990. Bangladesh GDP: 1995-96p: Construction data remains active status in CEIC and is reported by Bangladesh Bureau of Statistics . The data is categorized under Global Database’s Bangladesh – Table BD.A010: SNA93: GDP by Industry: 1995-96 Price.

Statistics illustrates market overview of clays for construction and industrial use in Bangladesh from 2007 to 2024.

Industry (including construction), value added (current US$) in Bangladesh was reported at 151320650093 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Bangladesh - Industry, value added - actual values, historical data, forecasts and projections were sourced from the World Bank on April of 2025.

In 2024, after two years of growth, there was significant decline in the Bangladeshi unit construction machine market, when its value decreased by -39% to $38K. In general, consumption recorded a abrupt contraction. Over the period under review, the market hit record highs at $196K in 2014; however, from 2015 to 2024, consumption failed to regain momentum.