Norway Construction Market to grow at a CAGR of 5.38% during the period 2020 - Key Trends, Analysis, Forecast and Opportunities
ResearchMoz added Latest Research Report titled " Construction in Norway-Key Trends and Opportunities to 2020 " to it's Large Report database.
Synopsis
In real terms, the Norwegian construction industry grew during the review period (20112015), registering a compound annual growth rate (CAGR) of 5.38%. Construction activity was weak in 2013 due to depressed economic conditions following a decline in oil prices. Oil and gas extraction accounts for over 25% of the countrys GDP. Consequently, limited business confidence adversely affected investments. The industry subsequently recovered, driven by the governments move to diversify the economy away from oil by focusing on other sectors such as the construction, healthcare and industrial sectors.
Over the forecast period (20162020), the industry is expected to expand, albeit slowly, posting a CAGR of 4.04%. Improving investor and consumer confidence is expected to drive investments in residential, infrastructure, and commercial construction.
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Government efforts to balance demand and supply for housing and energy are expected to support construction industry growth over the forecast period. According to Statistics Norway, the number of new residential building permits issued in the country grew by 14.9% in 2015 relative to 2014.
There are risks associated with the Norwegian construction industry outlook; most notably, low oil prices and its transitional economy. Low oil prices are expected to affect government earnings from oil exports, as 25% of the countrys total economic output is dependent on the oil and gas sector. Any decline in oil revenues is therefore expected to negatively weigh on government funding of the construction industry.
Government efforts to develop the countrys transport infrastructure and improve regional connectivity are expected to support the construction industrys growth over the forecast period. As part of the move, the government is implementing the fourth edition of the National Transport Plan (NTP) over the period 20142023, with a total investment of NOK508.0 billion (US$86.5 billion).
Read All Construction Market Research Reports @ http://www.researchmoz.us/construction-market-reports-119.html
Table of Contents
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
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Mr. Nachiket
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Synopsis
In real terms, the Norwegian construction industry grew during the review period (20112015), registering a compound annual growth rate (CAGR) of 5.38%. Construction activity was weak in 2013 due to depressed economic conditions following a decline in oil prices. Oil and gas extraction accounts for over 25% of the countrys GDP. Consequently, limited business confidence adversely affected investments. The industry subsequently recovered, driven by the governments move to diversify the economy away from oil by focusing on other sectors such as the construction, healthcare and industrial sectors.
Over the forecast period (20162020), the industry is expected to expand, albeit slowly, posting a CAGR of 4.04%. Improving investor and consumer confidence is expected to drive investments in residential, infrastructure, and commercial construction.
Download free Sample PDF report with TOC: http://www.researchmoz.us/enquiry.php?type=S&repid=835164
Government efforts to balance demand and supply for housing and energy are expected to support construction industry growth over the forecast period. According to Statistics Norway, the number of new residential building permits issued in the country grew by 14.9% in 2015 relative to 2014.
There are risks associated with the Norwegian construction industry outlook; most notably, low oil prices and its transitional economy. Low oil prices are expected to affect government earnings from oil exports, as 25% of the countrys total economic output is dependent on the oil and gas sector. Any decline in oil revenues is therefore expected to negatively weigh on government funding of the construction industry.
Government efforts to develop the countrys transport infrastructure and improve regional connectivity are expected to support the construction industrys growth over the forecast period. As part of the move, the government is implementing the fourth edition of the National Transport Plan (NTP) over the period 20142023, with a total investment of NOK508.0 billion (US$86.5 billion).
Read All Construction Market Research Reports @ http://www.researchmoz.us/construction-market-reports-119.html
Table of Contents
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
About ResearchMoz
ResearchMoz is the world's fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz's service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.
Contact Us:
Mr. Nachiket
Albany NY, United States - 12207
Tel: +1-518-621-2074 / Tel: 866-997-4948 (Us-Canada Toll Free)
Email: sales@researchmoz.us
Follow us on LinkedIn at: http://bit.ly/1TBmnVG
Norway Construction Market to grow at a CAGR of 5.38% during the period 2020 - Key Trends, Analysis, Forecast and Opportunities
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