Construction Market in EMEA 2015-2019
About Construction Market in EMEA
Construction activities are an important indicator of a country’s economic growth. The construction market is classified into three on the basis of construction activities: infrastructure construction, non-residential construction, and residential construction. The construction market in EMEA is one of the fastest growing construction markets worldwide. With rapid developments in Germany, South Africa, and the UAE, the construction market in EMEA is expected to retain its position as the second largest construction market in the world.
Technavio's analysts forecast the construction market in EMEA to grow at a CAGR of 6.56% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and growth prospects of the construction market in EMEA for the period 2015-2019. The report presents a detailed analysis of the top four vendors in the market. It also discusses the major drivers that influence the market growth and the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Technavio's report, Construction Market in EMEA 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Countries
Technavio Announces the Publication of its Research Report – Construction Market in EMEA 2015-2019
Technavio recognizes the following companies as the key players in the Construction Market in EMEA: AFRIDECA Group, Arabtec Construction, Balfour Beatty and Implenia Group
Other Prominent Vendors in the market are: ACS, Carillion, Kier Group, Skanska and VINCI
Commenting on the report, an analyst from Technavio’s team said: “EMEA is focused on developing energy-efficient projects, resulting in minimal wastage of energy. The European Energy Efficiency Fund, which was launched on July 1, 2011, aims at financing bankable projects in energy efficiency, renewable energy, and clean urban transport through different schemes, and promoting the application of EPC. The South African government has made significant investments in constructing a new energy infrastructure and upgrading existing networks. The country also plans to change its energy mix, allowing it to provide 40% of energy from renewable sources by 2030. Also, an energy-efficient model is being adopted in the Middle East to meet growing demand for energy.”
According to the report, an increase in population in EMEA, especially in Africa and the Middle East, has led to a rise in need for infrastructure. Countries such as Namibia, which gained independence in 1990, are in the post-independence recovery phase and lack proper infrastructure. Further, advances in technology such as smart building technologies in construction operations attract contractors toward building new, advanced structures, especially in countries such as Switzerland, South Africa, and Egypt, which have a history of organized and firm structures. The Middle East is hosting mega events such as the FIFA World Cup 2022 in Qatar and Dubai Expo 2020, which will increase demand for hotels and transportation networks.
Further, the report states that rough handling, deviation from required temperature, and break down of refrigeration system either in warehouses or transport vehicles are the major challenges for this market.
AFRIDECA Group, Arabtec Construction, Balfour Beatty, Implenia Group, ACS, Carillion, Kier Group, Skanska, VINCI
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