Construction in BRIC – Key Trends and Opportunities to 2015It provides information about the Industry performance by construction market
By: Rajesh Gunnam Over the forecast period, the construction industry is projected to register a compound annual growth rate (CAGR) of 10.69%, as compared to the CAGR of 20.00% recorded over the review period. The organization of major global events such as the 2014 FIFA World Cup and the 2016 Olympic Games in Brazil, and the 2012 APEC Summit, the 2014 Winter Olympic Games and the 2018 FIFA World Cup in Russia are expected to generate growth in the construction industries in these two countries, while in China and India growth will be driven by government spending. Infrastructure construction constitutes both the largest and fastest-growing construction market in the BRIC construction industry. The rapid pace of urbanization in BRIC has been the most significant factor in driving infrastructure development during the review period, with large-scale migration into urban areas resulting in increased demand for improved connectivity and public distribution networks such as power, communications, water and sewage. For Sample Pages, please click or add the below link to your browser: http://www.globalmarketsdirect.com/ In 2010, industrial construction represented the second-largest market in the BRIC construction industry, accounting for a 23.6% share of the overall construction industry. Rising FDI levels due to the cost advantages enjoyed by these countries, as well as large and developing domestic markets, is driving growth in activity in the industrial construction market. The construction of manufacturing plants constitutes the largest category in the industrial construction market, while refinery buildings construction constituted the fastest-growing category during the review period. The residential construction market recorded a CAGR of 18.56% during the review period, and is projected to achieve a more moderate CAGR of 10.04% over the forecast period. In 2010, the residential construction market accounted for 21.8% of the value added to the construction industry, with expanding populations, rising disposable income levels and the growing trend towards nuclear families driving growth in the residential construction market. During the review period, the commercial construction market recorded a CAGR of 17.83%, with the leisure and hospitality category recording the highest CAGR of 24.70% and the other commercial construction category recording the lowest CAGR of 13.90%. Growth in the office buildings category in India and China is being driven by the emergence of these countries as outsourcing hubs, and rising disposable incomes are driving growth in the retail buildings and outdoor leisure facilities categories. In the leisure and hospitality category the increasing tourist inflow, due to improved infrastructure and the hosting of international events, is driving growth. Educational buildings and healthcare buildings, the two largest categories in the institutional construction market in BRIC, together contributed 85.4% of the value added in the market in 2010. All the institutional construction markets recorded double-digit CAGRs of between 13.90% and 22.10%. For further details, please click or add the below link to your browser: http://www.globalmarketsdirect.com/ Visit our report store: http://www.globalmarketsdirect.com For more details contact: pressreleases@ North America: +1 646 395 5477 Europe: Asia Pacific: End
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