WCN blog
Indonesian construction market witnesses positive growth signs
July 29, 2011
Controlled inflation, stable economic system and a strong banking sector are all expected to help the Indonesian construction market register a strong growth in the period to 2015.
The Indonesian construction industry is expected to grow at a CAGR of 10.4% to 2015. The industrial construction market, aided by the Indonesian government's efforts to cope with increasing oil imports and excessive power shortages, is expected to grow fast, with a CAGR of 12%.
Posted by wmi on 1:01 PM | Comments (0)
Inflationary pressures expected to moderate South Korean construction industry
July 27, 2011
Inflationary pressures owing to increasing levels of construction activity are expected to slow down growth in the South Korean construction industry to 2015.
The industry is expected to record a CAGR of 6.53% to 2015 with increased private and public investments expected to drive growth. Alternative energy projects that are thriving on the country's efforts to move away from regular sources of energy and preparation for the 2018 Winter Olympics as well as efforts by the government to enhance the country's IT infrastructure are all expected to play a decisive hand in helping the construction industry maintain a positive growth rate over the next few years.
Posted by wmi on 12:59 PM | Comments (0)
Modest growth forecast for Colombian construction industry
July 25, 2011
Reduction in government investments and increasing dependence on private investments is expected to allow a modest CAGR for the Colombian construction industry.
The industry is expected to record a CAGR of 6.51% to the year 2015. The industry grew at a rate of 8.4% in 2009 and 1.9% in 2010 largely driven by the infrastructure construction segment. The Colombian government invested COP45.8 trillion ($24.4 billion) under various PPP schemes boosting the industry. However, with the government aiming to reduce fiscal deficit, continued availability of that funding is unclear.
Posted by wmi on 12:28 PM | Comments (0)
Global construction trucks market expected to remain positive
July 21, 2011
The global market for construction trucks is expected to remain positive in the coming years with the recovery of the global economy expected to help maintain steady demand.
The market for construction trucks in Asia-Pacific and North America is expected to record the highest growth. In the Asia-Pacific region, the market is expected to grow at a CAGR of 11.31% owing to infrastructural plans in China, Indonesia and India amongst other nations while the North American market, buoyed by government stimulus is expected to grow at CAGR of 9.14%.
Posted by wmi on 12:40 PM | Comments (0)
Overseas expansion opportunities beckon South African construction majors
July 18, 2011
Overseas expansion opportunities coupled with support initiatives and credit lines from the African Development Bank seem to be the best bets for South African construction majors over the next few years.
The African Development Bank proposes to introduce a Credit Risk Sharing Line to NEDCOR worth $170 million to promote infrastructure projects, SMEs, natural resources and Black Economic Empowerment (BEE). The bank also opened a non-sovereign regional line of credit worth US$100 million to the Development Bank of South Africa (DBSA). The main focus of this credit line is on the development, expansion and rehabilitation of infrastructure projects in the Southern African Development Community (SADC) sub-region.
Posted by prameelav on 7:41 AM | Comments (0)
Infrastructure, residential markets to drive Moroccan construction industry growth
July 15, 2011
The infrastructure and residential construction markets are expected to help the Moroccan construction industry register healthy growth to 2015.
Morocco's growing economy and rising income among the middle class group, which constitutes 30% of the total population, have resulted in increased demand in the country. The government of Morocco has planned to invest more than $15 billion by 2015 in order to upgrade the country's basic infrastructure such as roads and airports.
Posted by prameelav on 5:58 AM | Comments (0)
South America and Asia Pacific to drive global construction wood product market
July 14, 2011
Global consumption of construction wood products is expected to grow at a CAGR of 8.02% to 2015 driven mainly by consumption in South America and Asia Pacific.
The construction wood product industry witnessed a decline in 2008 and 2009, but recovered in 2010. The recovery is expected to continue over the next few years. The growth is expected to be accelerated mainly due to increased demand in Asia Pacific and South America. Asia Pacific was the largest consumer of wood products from 2006-10. Driven by growth in emerging markets including China and India, the construction wood products market in the industry is expected to grow with a CAGR of 9.58%.
Posted by prameelav on 11:10 AM | Comments (0)
Spanish Government's austerity measures impact construction equipment market
The postponement or cancellation of numerous construction projects as part of the Spanish Government's austerity measures resulted in a CARC of -22.7% from 2006-2010 for the Spanish construction equipment market.
The situation, however, is expected to improve steadily to 2015 following the economic recovery. The construction equipment market is expected to register steady growth and register a CAGR of 9.8% to 2015.
Posted by prameelav on 5:55 AM | Comments (0)
UK residential construction market expected to continue recovery
July 8, 2011
The residential construction market in the United Kingdom (UK) is expected to continue its recovery in 2011 and grow at an overall CAGR of 2.9% to 2015.
Overall, the construction industry is expected to grow at a CAGR of 3.64% to 2015. After a disappointing performance in 2008 and 2009, government support through stimulus packages and investment in infrastructure development proved helpful for the infrastructure market which, along with other construction markets, recorded single-digit growth during 2010.
Posted by prameelav on 9:51 AM | Comments (0)
Improved investment climate expected to boost global crane market
The improved investment climate in developed countries and continued demand for construction equipment from developing nations is expected to keep the global crane, material handling and lifting equipment market in the green over the next few years.
The global cranes, lifting and handling equipment consumption is expected to record a CAGR of 10.75% to 2015. In terms of regions, Asia Pacific had the largest consumption value over the last few years owing to infrastructural plans being implemented in China, India and Indonesia amongst other emerging nations. Europe and North America experienced a decline in the consumption of cranes and other lifting equipment - a trend that is expected to be reversed owing to support from government stimulus packages and increased consumer confidence.
Posted by prameelav on 7:53 AM | Comments (0)
Major sporting events expected to boost Russian construction industry
July 4, 2011
A spate of major international sporting events slated to be held in Russia over the next few years are expected to provide a major boost to the construction industry in the country.
Russia was probably one of the only countries in the world whose construction industry recorded growth during the 2006-2010 period in spite of the global economic recession. The Russian industry grew at a rate of 16.16% in the aforementioned period and is expected to continue growing with a CAGR of 9.81% to 2015.
Posted by prameelav on 9:35 AM | Comments (0)
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