NEW YORK, Feb. 7, 2017 /PRNewswire/ -- Synopsis
Construction activity in Argentina was weak during the review period (2011–2015), due to a depressed business environment, high inflation and currency devaluation. This led to a reduction in public and private sector investments in construction. Consequently, the construction industry's output value in real terms contracted at a compound annual growth rate (CAGR) of -1.42% during the review period
Industry growth over the forecast period (2016–2020) is expected to remain subdued, recording a CAGR of 0.55% in real terms. A high inflationary trend is expected to have a negative impact on the industry until 2017.
A gradual improvement in regional economic conditions is expected to support the industry in the following years, with improving business confidence and subsequent public and private sector investments in construction projects.
The government's efforts to provide affordable housing to the country's low income population will support growth in the industry. Moreover, the government's aim to increase the production of renewable energy is also expected to drive investment in energy and infrastructure projects over the forecast period.
Timetric's Construction in Argentina Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the Argentine construction industry including:
- The Argentine construction industry's growth prospects by market, project type and construction activity
- Analysis of equipment, material and service costs for each project type in Argentina
- Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Argentine construction industry
- Profiles of the leading operators in the Argentine construction industry
- Data highlights of the largest construction projects in Argentina
This report provides a comprehensive analysis of the construction industry in Argentina. It provides:
- Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in Argentina using construction output and value-add methods
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, 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 Argentina
Reasons To Buy
- Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using Timetric's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
- Under the new national housing program Procrear ABC, which was launched in July 2016, the government seeks to provide financial assistance to the low- and middle-class population in order to purchase or renovate a house up to the value of ARS1.5 million. The government's initiative is expected to boost construction activity in the residential market over the forecast period.
- In June 2016, the governments of Argentina and China signed a memorandum of understanding for the construction of two nuclear power plants, including a pressurized water reactor and a heavy water reactor in Argentina. The project, which is worth ARS167.0 billion (US$15.0 billion), is part of the Argentine government's effort to achieve self-sufficiency in nuclear power generation.
- In a bid to boost the passenger handling capacity of 19 airports across the country, the ministry of transport announced plans to invest ARS22.2 billion (US$2.0 billion) to upgrade airport infrastructure in September 2016.
- The tourism sector is vital to the economic growth of Argentina. According to the World Travel & Tourism Council, the Argentine travel and tourism industry's direct contribution to the country's GDP was 3.9% in 2015, while its total contribution to GDP was 10.7%. Moreover, the travel and tourism industry is expected to attract capital investments worth ARS92.0 billion (US$3.9 billion) by 2026.
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