Concise Analysis of the Construction Industry in Western Europe - Forecasts to 2017
DUBLIN, February 13, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/vnzqs3/construction_in) has announced the addition of the "Concise Analysis of the Construction Industry in Western Europe - Forecasts to 2017" report to their offering.
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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.
Key Topics Covered:
1 Executive Summary
2 Construction Industry Analysis
3 Construction Industry: Market Analysis
4 Company Profile: Vinci SA
5 Company Profile: Actividades de Construcción y Servicios SA
6 Company Profile: Royal BAM Group NV
7 Company Profile: Balfour Beatty Plc
8 Company Profile: Saipem SpA
- Actividades de Construcción y Servicios
- Balfour Beatty
- Royal BAM Group
For more information visit http://www.researchandmarkets.com/research/vnzqs3/construction_in
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SOURCE Research and Markets