INVEST IN AFRICA NOW

Set-up your Business in Africa's Key Industrial Zones

Name *

Email *

Phone No. *

Tick if your WhatsApp number is same as the phone number

Investment Sector

Business Opportunity

How may we assist you?

*Note: Name, Email and Phone Number are mandatory.

I agree to the AFI privacy policy.*

I agree to receive e-communications from AFI.

THANK YOU

Our team will get back to you shortly.

Home / Opportunities / Hardware Products

Hardware Products

opportunity

Diving into Africa's hardware industry offers investors an enticing gateway to tap into the continent's accelerating urbanization and infrastructure development. With increasing demand for essential hardware components like hinges, locks, and handles, driven by a surge in construction projects and government initiatives, the sector promises robust growth potential.

$153.94 Bn

Market Size

3.14%

CAGR

$ 536.21 Bn

Forecast

Hardware Products by-product markets

Hand Tools

Fasteners

Electrical FixturesTea

Plumbing Fixtures

Hinges

Door Locks

HARDWARE PRODUCTS BUSINESS IN AFRICA: KEY ADVANTAGES FOR INVESTORS

Growing Construction and Infrastructure Projects: Africa's construction industry is projected to grow at a CAGR of around 6.4% from 2021 to 2026, indicating significant opportunities for hardware products.
Rising Urbanization and Population Growth: Africa's urban population is projected to reach 56% by 2050, driving construction activities, thus creating a need for residential, commercial, and industrial spaces, fueling demand for hardware items like handles, hangers, door stoppers, and clothes hooks.
Infrastructure Investments and Government Support: Africa's infrastructure investment needs are estimated to be around USD 130-170 billion annually, creating significant opportunities for hardware manufacturers. Governments across Africa are investing in infrastructure projects as well, providing incentives and support for the construction sector, which includes hardware products.
High Returns on Investment and Export Opportunities: Africa's hardware market is projected to grow at a CAGR of around 5.8% from 2021 to 2026, reflecting the sector's promising outlook for investors. African hardware manufacturers can leverage regional trade agreements and export opportunities as well, to expand their market reach beyond domestic borders.