Singapore Construction Market Growth, Trends, Size, Demand, Revenue and Future Competition

Singapore Construction Market Size- By Sector - Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Singapore Construction Market Size- By Sector - Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Oct 2023 Report ID: COAM2332 Pages: 1 - 104 Formats*:     
Category : Construction & Manufacturing
Singapore Construction Market Introduction and Overview 

According to SPER Market Research, the Singapore Construction Market is estimated to reach USD XX billion by 2033 with a CAGR of 4.3%.

The report includes an in-depth analysis of the Singapore Construction Market, including market size and trends, product mix, Plantations, and supplier analysis. Buildings, bridges, roads, and other infrastructures for commercial, institutional, or residential use are referred to as being under construction. Among the various materials utilised in contemporary construction are clay, stone, wood, brick, concrete, metals, and polymers.
Singapore Construction Market
Market Opportunities and Challenges

There are prospects in the Singaporean construction market due to variables including the growing population, rising urbanisation rate, and increased domestic manufacturing. The residential market is experiencing a significant uptick, especially in the single-family construction market. Over time, the non-residential building industry has expanded as well, contributing to the expansion of the global construction sector. The development of the market is further aided by the upgrading of the transportation system.

However, factors that could limit the growth of the construction business include the COVID-19 coronavirus outbreak and health and safety regulations. Also, the construction industry's labour shortage is a significant obstacle to the market's expansion. This makes it more challenging to outsource work to other nations. Employing immigrants is one way the building sector and the government are attempting to step in. However, the majority of immigrants are illiterate and ignorant. As a result, they are mostly used for simple tasks. Some businesses support immigrants' skill development by providing them with vocational training. 

Singapore Construction Market


Market Competitive Landscape
The market exhibits a moderate level of fragmentation, with several major players, including Arup Group Ltd, China Communications Construction Group Ltd, Chip Eng Seng Corporation Ltd, DP Architects Pte Ltd, Hassell Studios, Hock Lian Seng Infrastructure Pte Ltd, KCAP Architects & Planners, Kwang Sing Engineering Pte Ltd, Lowe Enterprises Inc., Penta-Ocean Construction Co Ltd, Samsung Group, Shanghai Urban Construction (Group) Corp., Temasek Holdings (Private) Ltd, Toda Corp, Tritech Consultants, Wai Fong Construction Pte Ltd, Woh Hup Pvt Ltd, Others. 

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Sector
 Regions coveredEastern Region, Northern Region, Southern Region, Western Region
 Companies CoveredArup Group Ltd, China Communications Construction Group Ltd, Chip Eng Seng Corporation Ltd, DP Architects Pte Ltd, Hassell Studios, Hock Lian Seng Infrastructure Pte Ltd, KCAP Architects & Planners, Kwang Sing Engineering Pte Ltd, Lowe Enterprises Inc., Penta-Ocean Construction Co Ltd, Samsung Group, Shanghai Urban Construction (Group) Corp., Temasek Holdings (Private) Ltd, Toda Corp, Tritech Consultants, Wai Fong Construction Pte Ltd, Woh Hup Pvt Ltd, Others
COVID-19 Impact on Singapore Construction Market
Numerous building projects were postponed as a result of the COVID-19 outbreak, which had an impact on the expansion of several businesses, including the construction sector. Due to the COVID-19 pandemic's limits and rules, certain construction projects have been put on hold. 

Key Target Audience
  • Architects and Designers
  • Construction Companies and Contractors
  • Construction Workers and Labor Unions
  • Developers and Investors
  • Local Communities and Residents
  • Project Managers and Consultants
  • Real Estate Agents and Brokers
  • Suppliers of Construction Materials
  • Others
Our in-depth analysis of the Singapore Construction Market includes the following segments:
By Sector:
  • Commercial Construction
  • Energy and Utilities Construction
  • Industrial Construction
  • Infrastructure Construction
  • Institutional Construction
  • Residential Construction
  • Key Topics Covered in the Report
    • Singapore Construction Market Size (FY’2023-FY’2033)
    • Overview of Singapore Construction Market
    • Segmentation of Singapore Construction Market By Sector (Commercial Construction, Energy and Utilities Construction, Industrial Construction, Infrastructure Construction, Institutional Construction, Residential Construction)
    • Statistical Snap of Singapore Construction Market
    • Expansion Analysis of Singapore Construction Market
    • Problems and Obstacles in Singapore Construction Market
    • Competitive Landscape in the Singapore Construction Market
    • Impact of COVID-19 and Demonetization on Singapore Construction Market
    • Details on Current Investment in Singapore Construction Market
    • Competitive Analysis of Singapore Construction Market
    • Prominent Players in the Singapore Construction Market
    • SWOT Analysis of Singapore Construction Market
    • Singapore Construction Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Singapore Construction Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Singapore Construction Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Singapore Construction Market

    7. Singapore Construction Market, By Sector (USD Million)
    7.1. Singapore Construction Market Value Share and Forecast, By Sector, 2023-2033
    7.2. Commercial Construction
    7.3. Energy and Utilities Construction
    7.4. Industrial Construction
    7.5. Infrastructure Construction
    7.6. Institutional Construction
    7.7. Residential Construction

    8. Singapore Construction Market Forecast, 2019-2033 (USD Million)
    8.1. Singapore Construction Market Size and Market Share

    9. Singapore Construction Market, By Sector, 2019-2033 (USD Million)
    9.1. Singapore Construction Market Size and Market Share By Sector (2019-2026)
    9.2. Singapore Construction Market Size and Market Share By Sector (2027-2033)

    10. Singapore Construction Market, By Region, 2019-2033 (USD Million)
    10.1. Singapore Construction Market Size and Market Share By Region (2019-2026)
    10.2. Singapore Construction Market Size and Market Share By Region (2027-2033)
    10.3. Eastern Region
    10.4. Northern Region
    10.5. Southern Region
    10.6. Western Region

    11. Company Profile
    11.1. Arup Group Ltd
    11.1.1. Company details
    11.1.2. Financial outlook
    11.1.3. Product summary 
    11.1.4. Recent developments
    11.2. China Communications Construction Group Ltd
    11.2.1. Company details
    11.2.2. Financial outlook
    11.2.3. Product summary 
    11.2.4. Recent developments
    11.3. Chip Eng Seng Corporation Ltd
    11.3.1. Company details
    11.3.2. Financial outlook
    11.3.3. Product summary 
    11.3.4. Recent developments
    11.4. DP Architects Pte Ltd
    11.4.1. Company details
    11.4.2. Financial outlook
    11.4.3. Product summary 
    11.4.4. Recent developments
    11.5. Hassell Studios
    11.5.1. Company details
    11.5.2. Financial outlook
    11.5.3. Product summary 
    11.5.4. Recent developments
    11.6. Hock Lian Seng Infrastructure Pte Ltd
    11.6.1. Company details
    11.6.2. Financial outlook
    11.6.3. Product summary 
    11.6.4. Recent developments
    11.7. KCAP Architects & Planners
    11.7.1. Company details
    11.7.2. Financial outlook
    11.7.3. Product summary 
    11.7.4. Recent developments
    11.8. Kwang Sing Engineering Pte Ltd
    11.8.1. Company details
    11.8.2. Financial outlook
    11.8.3. Product summary 
    11.8.4. Recent developments
    11.9. Lowe Enterprises Inc.
    11.9.1. Company details
    11.9.2. Financial outlook
    11.9.3. Product summary 
    11.9.4. Recent developments
    11.10. Penta-Ocean Construction Co Ltd
    11.10.1. Company details
    11.10.2. Financial outlook
    11.10.3. Product summary 
    11.10.4. Recent developments
    11.11. Samsung Group
    11.11.1. Company details
    11.11.2. Financial outlook
    11.11.3. Product summary 
    11.11.4. Recent developments
    11.12. Shanghai Urban Construction (Group) Corp.
    11.12.1. Company details
    11.12.2. Financial outlook
    11.12.3. Product summary 
    11.12.4. Recent developments
    11.13. Temasek Holdings (Private) Ltd
    11.13.1. Company details
    11.13.2. Financial outlook
    11.13.3. Product summary 
    11.13.4. Recent developments
    11.14. Toda Corp
    11.14.1. Company details
    11.14.2. Financial outlook
    11.14.3. Product summary 
    11.14.4. Recent developments
    11.15. Tritech Consultants
    11.15.1. Company details
    11.15.2. Financial outlook
    11.15.3. Product summary 
    11.15.4. Recent developments
    11.16. Wai Fong Construction Pte Ltd
    11.16.1. Company details
    11.16.2. Financial outlook
    11.16.3. Product summary 
    11.16.4. Recent developments
    11.17. Woh Hup Pvt Ltd
    11.17.1. Company details
    11.17.2. Financial outlook
    11.17.3. Product summary 
    11.17.4. Recent developments
    11.18. Others
     
    12. List of Abbreviations

    13. Reference Links

    14. Conclusion

    15. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Singapore Construction Market is projected to reach USD XX billion by 2033, growing at a CAGR of 4.3% during the forecast period.
    Singapore Construction Market grew in market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 4.3% during the forecast period.
    Singapore Construction Market CAGR of 4.3% during the forecast period.
    You can get the sample pages by clicking the link - Click Here
    Singapore Construction Market size is USD XX billion from 2023 to 2033.
    Singapore Construction Market Segment is covered By Sector.
    The Asia-Pacific is anticipated to have the highest market share in the Singapore Construction Market.
    The key players in the market include Companies Covered Arup Group Ltd, China Communications Construction Group Ltd, Chip Eng Seng Corporation Ltd, DP Architects Pte Ltd, Hassell Studios, Hock Lian Seng Infrastructure Pte Ltd, KCAP Architects & Planners, Kwang Sing Engineering Pte Ltd, Lowe Enterprises Inc., Penta-Ocean Construction Co Ltd, Samsung Group, Shanghai Urban Construction (Group) Corp., Temasek Holdings (Private) Ltd, Toda Corp, Tritech Consultants, Wai Fong Construction Pte Ltd, Woh Hup Pvt Ltd, Others.
    The residential market is experiencing a significant uptick, especially in the single-family construction market. Over time, the non-residential building industry has expanded as well, contributing to the expansion of the global construction sector.
    Not able to find what you are looking for? Need customization in the existing report?
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