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Repair Construction Market is projected to reach a CAGR of 8.5% during the forecast period from 2015 to 2020

08-24-2017 12:39 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: REPORTSANDMARKETS

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construction repair industry, repair construction market analysis,  repair construction market data,  repair construction market e

construction repair industry, repair construction market analysis, repair construction market data, repair construction market e

The Global Repair Construction Market has been estimated at USD xx million in 2014 and is projected to reach USD xx million by 2020, at a CAGR of 8.5% during the forecast period from 2015 to 2020. The North American market which has become energy independent over the last 5 years is predicted to see a slowdown with the growth at 6.9% CAGR due to falling oil prices.

The Asian markets that are completely dependent on oil imports and have a higher potential for penetration will register a growth of 9.7% CAGR which is much higher than the growth of 7.6% from 2008 to 2014.

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Europe is still recovering with many countries economies still in the red. But 2013-14 saw a resurgent Europe and North America pulling through and putting their days of economic austerity behind them. The construction industry has started seeing investments and consequentially the repair construction industry which was on a hiatus is back in focus. Falling oil prices has been a boon to oil importing countries.

The price of crude has dropped by over 40% this year as a result many countries have benefitted from the drop in inflation as a result of that. Reduced spending on oil imports has allowed the governments to use oil savings to boost domestic investments. . Saudi Arabia which is the world largest producer and exporter of crude has increased spending in the construction sector.

The need for new roads, bridges, housings and other structures is significant and will provide opportunities for contractors and consultants worldwide to participate in their delivery. The scale of infrastructure projects is increasing, and companies have to adjust accordingly.

Companies must have the right people in the right location to participate in mega-projects that result from new opportunities, as energy costs decreases. This includes transportation and construction of Airports, Railways, housing, power plants, and large-scale manufacturing. The key to success is how these markets are researched and analyzed.

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Geographies of this market are Asia-Pacific, Europe, Middle East, Africa and North America. Companies of this market are Grupo ACS, Vinci S.A., Hochtief AG, Bouygues S.A., Bechtel Corporation, Uretek, Leighton Holdings, Shanghai Construction Group (SCG), STRABAG and Others.

Key Deliverables in the Study

Market analysis for the Global Repair Construction Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Repair Construction market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

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