(MENAFNEditorial) is pleased to introduce a report on Global Repair Construction Market.
now.
The global Repair Construction Market has been predicted to grow at a CAGR of 8.1% until 2020. The North American market which has become energy independent over the last 5 years is predicted to see a gradual slope in growth at 6.4% CAGR due to the falling oil revenues. The Asian markets which are entirely dependent on oil imports have a higher potential for penetration and are poised to register a growth of 10.5% CAGR (2014-2020) which is much higher when compared to the growth of 7.6% from 2008 to 2014.
After the 2008 economic slowdown most of the countries started trimming their budgets and big-ticket items were shelved as a concerted effort to reduce spending. Europe is still recovering with many countries economies still in the red. However 2013-14 saw a resurgent Europe and North America pulling through and putting their days of economic austerity behind them. Investments started to pour-in into the construction industry and these investments consequentially repaired the industry which was on a hiatus.
Falling oil prices has been a boon to countries that import oil. The price of crude oil has dropped over 40% this year and as a result many countries have benefitted from the drop in inflation. Reduced spending on oil imports has allowed governments to use oil savings to boost domestic investments.
on this report.
Asian economies being one of the top oil guzzlers have seen a rise in investment and opportunities. India and China have commissioned a surfeit of projects for construction to boost domestic demand and reduce unemployment. Middle Eastern countries which form the majority of OPEC countries have huge foreign exchange reserves and can withstand this slump in prices for an extended period. These Middle Eastern countries have stated that there will be no slowdown in domestic investments and are going ahead with their pipelined projects and have commissioned more. Their strategy for the past decade has been to diversify their economy from crude oil and gas based revenues; research proves that this strategy has paid them off handsomely.
Saudi Arabia which is the world largest producer and exporter of crude oil has increased spending in the construction sector. By 2015 the government hopes to have built and/or renovated over 4000 schools 50 new technical colleges 50 higher institutes of technology for women and four teacher training colleges in order to increase the schooling capacity to over five million and university capacity to 1.7 million students. The government is also developing six new economic cities across the country all requiring extensive new infrastructure. The need for new roads bridges homes and other structures is significant; this need provides opportunities for contractors and consultants worldwide to participate in their delivery.
Repair Construction can be segmented by ‘Ingredients’ ‘Submarkets’ ‘Geographies’ and ‘Companies.’ Ingredients of this market are polyurethane foams ethylene propylene diene monomer (EPDM) flame-retardants silicones adhesive silicone green coating paints & coatings adhesives & sealants etc. Geographies of this market are Asia-Pacific Europe Middle East Africa and North America. Companies in this market space are Grupo ACS Vinci S.A. Hochtief AG Bouygues S.A. Bechtel Corporation Uretek Leighton Holdings Shanghai Construction Group (SCG) STRABAG and Others.
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Market Drivers:
Economic growth of countries
Social pressure for infrastructure development and maintenance
Urban regeneration and private sector investments
Reconstruction time and raw materials (availability of technology and expertise)
Key Questions This Report Answers:
How does the global market for Repair Construction look like?
The growth level in the next five years
Which are the fastest growing sectors?
The rules and regulations that exist in the regional markets/countries
Where do the investment opportunities exist?
Who is my competition?
What are the drivers and restraints in the global and regional market?
Who Will Be Interested In This Report?
Global Repair Construction companies
Manufacturing Companies
Traders distributors and suppliers
Contractors working in the repair construction industry
Governmental and research organizations
Associations and industry bodies
Technology providers
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