The report
“Construction in Colombia – Key Trends and Opportunities to 2018” is now
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Synopsis
This report
provides detailed market analysis, information and insights into the Colombian
construction industry including:
- The Colombian construction industry’s
growth prospects by market, project type and type of construction activity
- Analysis of equipment, material
and service costs across each project type in Colombia
- Critical insight into the impact
of industry trends and issues, and the risks and opportunities they
present to participants in the Colombian construction industry
- Analyzing the profiles of the
leading operators in the Colombian construction industry.
- Data highlights of the largest
construction projects in Colombia
Summary
The value of the Colombian
construction industry increased at a
compound annual growth rate (CAGR) of 11.91% during the review period (2009–2013).
Infrastructure construction activity increased with government investment and
private sector participation through public-private partnerships (PPPs).
Several infrastructure projects have been implemented under the PPP laws, and a
number of projects are presently underway, particularly in the road
infrastructure construction. Industry growth is expected to continue over the
forecast period (2014–2018), as a result of the government’s focus on
infrastructure and residential construction, improved investor sentiment, and
an anticipated recovery in the global economy. Consequently, the industry is
anticipated to post a forecast-period CAGR of 10.96%.
Complete report is available @ http://www.rnrmarketresearch.com/construction-in-colombia-key-trends-and-opportunities-to-2018-market-report.html .
Key highlights
- According to the country’s
national statistics agency, the Departamento Administrativo Nacional de
EstadÃstica (DANE), the construction industry’s value add at constant
prices rose by 16.9%, from COP6.3 billion (US$3.3 million) in the first
quarter of 2013 to COP7.3 billion (US$3.8 million) in the first quarter of
2014. In real value-add terms, the industry grew by 12.0% in 2013 – up
from 6.0% in 2012, driven by government investments to improve the quality
of the country’s infrastructure and construct affordable homes to meet
rising demand in the country.
- In December 2011, the Colombian
Parliament approved a PPP law that came into force from 2012. The new law
provides private investors with better guarantees, and a better
institutional and legal framework that will help to improve cooperation
between the private sector and government. The government believes that
the new PPP law will encourage private investment in infrastructure, and
accelerate infrastructure construction in the country.
- Infrastructure construction is
expected to continue to expand over the forecast period, mainly driven by
investments in road construction. In a bid to support the country’s
economy, improve the transport and reduce travel time and costs, the
government plans to invest COP190.4 trillion (US$100.0 billion) in
transport infrastructure by 2021. Of this, COP47.6 trillion (US$25.0
billion) will be spent on road transport infrastructure by 2021.
Accordingly, with an aim to reduce travel times, the government plans to
construct 8,000km of road across the country by 2021
- The residential construction
market will be supported by government-led affordable housing projects. To
balance supply of and demand for affordable housing in the country, the
Colombian government announced in 2013 that it would fund COP1.1 trillion
(US$583.0 million) to construct 100,000 social housing units across the
country.
- Robust and modern transportation
infrastructure is vital for growth and competitiveness of the economy.
According to the Colombian pension funds association, in March 2014, four
of Colombia’s pension funds announced their plan to invest COP24.2
trillion (US$12.7 billion) in road infrastructure construction projects
across the country by 2020. This is expected to drive growth in the
infrastructure construction market over the forecast period.
Buy a copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=212699 .
Scope
This report
provides a comprehensive analysis of the construction industry in Colombia. It
provides:
- Historical (2009-2013) and
forecast (2014-2018) valuations of the construction industry in Colombia
using construction output and value-add methods
- Segmentation by sector
(commercial, industrial, infrastructure, 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 Colombia
Reasons to buy
- Identify and evaluate market
opportunities using Researcher’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 business
strategies using Researcher’s critical and actionable insight
- Assess business risks, including
cost, regulatory and competitive pressures
- Evaluate competitive risk and
success factors
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