Construction in Western Europe – Key Trends
and Opportunities to 2017
Timetric
Report Highlight
Synopsis
This report provides detailed market analysis, information and insights into the Western European construction ma...
Key Highlights
The Western European construction industry recorded a CAGR of -5.94% during the review period. All
construc...
About the Publisher

Timetric is an independent economic and business research firm providing critical
intelligence on eme...
About Us
MarketResearch.com provides market research solutions to business professionals
seeking to enhance their business...
For More on this Report and Additional Research

Visit MarketResearch.com
Or call
1-800-298-5699
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Construction in Western Europe – Key Trends and Opportunities to 2017 By Timetric

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Construction in Western Europe – Key Trends and Opportunities to 2017 By Timetric

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Construction in Western Europe – Key Trends and Opportunities to 2017 By Timetric

  1. 1. Construction in Western Europe – Key Trends and Opportunities to 2017 Timetric Report Highlight
  2. 2. Synopsis This report provides detailed market analysis, information and insights into the Western European construction market, including: The Western European construction market’s growth prospects by sector, project type and type of construction activity Analysis of equipment, material and service costs across each project type in Western Europe Critical insight into the impact of industry trends and issues and the risks and opportunities they present to participants in the Western European construction market Assessment of the competitive forces facing the construction industry in Western Europe and profiles of the leading players Summary Western Europe experienced a severe financial crisis during 2008–2009 with economic activity in the region contracting sharply. Reflecting ongoing weakness in the region, real GDP has yet to rise above the pre-2008 level, with ongoing debt problems in most countries constraining growth, particularly in Greece, Ireland, Spain and Portugal. Budget deficits and government debt in several countries in the region are at alarming levels owing to the sluggish recovery from the economic crisis, which has led to record high unemployment levels. Public and private investment for new projects has declined significantly in the recent past. The construction industry in Western Europe recorded a CAGR of -5.94% during the review period, mirroring the subdued economic environment in the region. Scope This report provides a comprehensive analysis of the construction industry in Western Europe: Historical (2008-2012) and forecast (2013-2017) valuations of the construction market in Western Europe using the construction output method Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services) Analysis of key construction industry issues, including regulation, cost management, funding and pricing Detailed profiles of the leading construction companies in Western Europe
  3. 3. Key Highlights The Western European construction industry recorded a CAGR of -5.94% during the review period. All construction markets registered negative growth in this period, largely as a result of the slowing down of the region’s economies following the financial crisis and the region’s debt troubles. Residential construction constituted the largest market in the construction industry, accounting for a 46.9% share of industry output in 2012. The residential construction market experienced a housing price boom before the financial crisis, driven by strong economic and income growth, low interest rates and increased competition among banks with regard to supplying credit. Property prices in general across the region fell sharply in 2008 and 2009 with, at best, gradual recoveries since then contributing to a still subdued property market. The residential construction market is projected to record only a marginal growth of 0.1% in 2013 but is expected to rebound in 2014. Infrastructure construction accounted for 22.3% of the overall construction industry output in 2012. Countries across the region have invested heavily in infrastructure construction, and while investment has slowed since the financial crisis, it remains high. Large investments in rail infrastructure development in most Western European countries will see rail infrastructure construction record the fastest growth of all infrastructure construction categories over the forecast period. All countries in the region are also committed to increasing the share of renewable energy in total energy consumption, and the category is set to receive healthy support. The commercial construction market was severely affected by the global economic crisis and the tightening liquidity situation. Prime retail space continues to exhibit high occupancy rates and stable rents. Similar to retail buildings, demand for high-quality office space is still strong in prime locations of major cities. Office space demand usually exceeds supply, as developers have been reluctant to invest in office space based on speculative demand.
  4. 4. About the Publisher Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. We provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. Timetric’s flagship products are economic and industry intelligence centers, which are premium decision tools that provide access to comprehensive research and expert analysis. They provide invaluable decision support presented in easily digestible formats and grounded in deep research. View This Report View More Reports from this Publisher
  5. 5. About Us MarketResearch.com provides market research solutions to business professionals seeking to enhance their business goals. We provide a number of business intelligence solutions, from individual market research reports from over 700 leading global publishers, to Knowledge Centers where clients can discover deeper business insight products into a topic over time. Or perhaps your business needs a much wider view across multiple industries and topics, if so, our Profound solution allows you to select specific parts (graphs, tables, charts or sections) from different market research reports. Our Account Managers have in-depth knowledge of the publishers and the various types of reports in their respective industries. They give you unbiased and qualitative insights on which reports will best meet your needs. If you are interested in expanding your business or growing your market share, contact us to get a free Consultation to Assess your Market Research Needs. We can help tailor a solution that suits your unique business goals. One of our Account Managers will get right back in touch with you.
  6. 6. For More on this Report and Additional Research Visit MarketResearch.com Or call 1-800-298-5699

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