Press release
Construction in Estonia Market is Set to Fly High in Years to Come
Construction in Estonia Market
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HTF MI now expects the Estonian construction industry to grow by 3.7% in real terms in 2021, a slight downward revision from the previous forecast of a 4.7% growth; this is attributed to the impact of the second wave of the Coronavirus (COVID-19) pandemic on the country’s economic activity between January and March. Consequently, in the first quarter of 2021, the construction industry contracted by 12.3% year on year (YoY) in the real terms. In the second quarter of 2021, however, the industry recovered on the back of a gradual receding second wave of Coronavirus (COVID-19) and recovery in economic activities, which created scope for an expansion in the construction industry in that quarter. According to Statistics Estonia, the construction industry’s value add grew by 5.9% YoY in the second quarter of 2021, increasing from EUR392.2 million (US$447 million) in Q2 2020 to EUR415.3 million (US$473.3 million) in Q2 2021.
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Scope
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Estonia, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
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Reasons to Buy
- Identify and evaluate market opportunities using GlobalData'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 GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
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