Press release
Brazil witnessing Boost in Construction Sector: Ken Research
New Construction Projects Brazil
Key topics covered in this report
Growth analysis of construction in brazil
Governmental initiatives to support Brazilian construction industry
20 largest construction companies in brazil
Opportunities for investers
Brazil Construction Industry Research
Construction Sector Trends Brazil
Brazil Construction Market Forecast
Global Construction Industry Research
Brazil Commercial construction industry
Brazil residential construction market
New Construction Projects Brazil
Brazil construction equipment market
Growth Matrix for Construction Output in Brazil
Brazilian Infrastructure Construction Output
Construction activity in Brazil was weak during 2011-2015 following the economic recession, which resulted in a deteriorating business environment and a reduction in construction activity.The industry is expected to remain under control over the forecast period (2016-2020), though with a slight improvement. The probable persistence of the economic recession until 2017 is expected to hinder the industry's growth during 2016-2017.The industry, however, is expected to recover and record minimal growth from 2018, supported by a gradual recovery in economic conditions and subsequent improvements in investor and consumer confidence.
Government efforts to kick-start economic growth through the implementation of flagship programs such as 'My House, My Life', the Logistics Investment Program, Plano Decenal de Energia 2024 (PDE 2024) and the National Education Plan 2014-2024 are expected to support the industry's growth over the period 2016-2020
Funds from Chinese investors are supporting Brazilian construction industry. In September 2016, the Brazilian and Chinese governments signed a memorandum of understanding for the implementation of projects worth BRL73.2 billion (US$20.0 billion) in Brazil. The Chinese government will invest in infrastructure, energy, manufacturing and mining projects.
In January 2016, the Ministry of Mines and Energy revised the country's solar energy targets as compared to the target planned for 2023, as a part of the new energy plan PDE 2024. Initially, the government announced plans to produce 3,500MW of solar power by 2023. Under the new target, the government is planning to generate 7,000MW of solar energy by 2024. These government initiatives are expected to support the energy and utilities construction market over the forecast period.
To know more on coverage, click on the link
https://www.kenresearch.com/manufacturing-and-construction/infrastructure/construction-brazil-key-trends-opportunities/65442-97.html
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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204
Construction activity in Brazil was weak during the review period (2011-2015) following the economic recession, which resulted in a deteriorating business environment, weak investor confidence and a reduction in construction activity.
Consequently, the industry's output value in real terms contracted at a compound annual growth rate of-0.32% during the review period.
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204
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