Construction in Iran-Key Trends and Opportunities to 2021

In real terms, the Iranian construction industry's output declined by 14.9% in 2016, measured at constant 2010 US dollar exchange rates. This was preceded by an annual decline of 16.1% in 2015, 13.0% in 2014, and 10.4% in 2013. This decline can be attributed to the fall in crude oil prices and slowdown of the economy over the period. Moreover, high unemployment, inflation and low domestic production during the review period (2012-2016) contributed to this decline.

The industry is expected to recover over the forecast period (2017-2021), backed by the removal of international sanctions and a rise in oil production and exports. In 2015, Iran and the P5+1 countries-the US, China, France, Russia, the UK and Germany-signed the Joint Comprehensive Plan of Action (JCPOA). Under this plan, the P5+1 countries placed restrictions on Iranian nuclear activities, and in return agreed to establish normal trade activity and economic relations with Iran.

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Moreover, a rise in building permits for the construction of residential and non-residential buildings in the country is expected to support the industry's growth over the forecast period. Total construction permits issued in urban areas increased by 12.1% in FY2016-2017, going from 101,500 units in FY2015-2016 to 113,800 units in FY2016-2017.

The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 2.0% over the forecast period; compared with-13.7% during the review period.

Publisher's Construction in Iran-Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the Iranian construction industry, including:

-The Iranian construction industry's growth prospects by market, project type and construction activity;

-Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Iranian construction industry;

-Profiles of the leading operators in the Iranian construction industry.

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This report provides a comprehensive analysis of the construction industry in Iran. It provides:

-Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Iran using construction output and value-add methods

-Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

-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)

-Detailed profiles of the leading construction companies in Iran

-Identify and evaluate market opportunities using Publisher'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 Publisher's critical and actionable insight.

-Assess business risks, including cost, regulatory and competitive pressures.

-Evaluate competitive risk and success factors.

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This release was published on openPR.