1. Market Research
  2. > Construction Market Trends

Construction in Portugal - Key Trends and Opportunities to 2019

  • September 2015
  • 71 pages
  • Timetric
Report ID: 3311635

Summary

Table of Contents

Search Inside

Synopsis
Portugal’s construction industry has suffered a dramatic decline since the global financial crisis. In real terms, the industry’s output contracted by 6.0% in 2014, following an average annual decline of -10.5% in the preceding four years.

This decline reflected the sharp contraction in Portugal’s economy amid the region-wide financial crisis in the eurozone, and, the collapse in the country’s property market. However, the industry appears to have bottomed out, with initial signs of recovery in early 2015.

The construction industry is expected to record positive growth over the forecast period (2015–2019) with the support of government spending on residential, infrastructure and commercial construction markets and positive developments in domestic and regional economic conditions.

Nevertheless, in real terms the industry will remain way below its pre-crisis highs. In real terms, the industry’s output value is forecast to rise at a compound annual growth rate (CAGR) of just 1.20% over the forecast period; up from -10.76% during the review period (2010–2014).

Summary
Timetric’s Construction in Portugal – Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into the Portuguese construction industry, including:

- The Portuguese construction industry's growth prospects by market, project type and type of construction activity

- Analysis of equipment, material and service costs for each project type in Portugal

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

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

- Data highlights of the largest construction projects in Portugal

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

- Historical (2010-2014) and forecast (2015-2019) valuations of the construction industry in Portugal using construction output and value-add methods

- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, 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 Portugal

Reasons To Buy
- Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight

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

- Evaluate competitive risk and success factors

Key Highlights
- The country’s construction industry was subject to major challenges during the review period, as evidenced by a decline in the number of new building permits issued. According to INE, the total number of building permits issued in the country fell by 4.9%, going from 16,253 in 2013 to 15,458 in 2014. This was preceded by annual contractions of 21.8%, 17.0% and 10.5% in 2013, 2012 and 2011 respectively. However, the rate of decline has slowed; in the first quarter of 2015, the total building permits were down by 1.3% compared to the first quarter of 2014.

- In order to improve the country’s infrastructure and transport facilities, the government is focusing more on infrastructure development. In January 2015, the government allocated a EUR1.7 million (US$2.0 million) contract to Opway Engenharia SA to build an 88km single railway track in Aveiro City. In May 2015, the government allocated a EUR6.1 million (US$8.0 million) contract to Isolux Corsan to build a 14.4km Caide train station in Marco de Canaveses City by the end of 2016. In May 2015, the government also allocated a budget of EUR1.9 million (US$2.3 million) to Isolux Corsan for track renewals between Caide and Vila Mea by end of 2016. Efforts such as these will drive transport infrastructure’s forecast-period growth.

- Portugal’s budget deficit, as a percentage of GDP, stood at 7.4% in 2011, 5.6% in 2012, 4.8% in 2013 and 4.5% in 2014, which was well above the EU limit of 3.0%. In February 2015, the government announced its plan to reduce its budget deficit further to 2.7% of GDP in 2015 and 1.7% in 2016. As a result, public spending is expected to remain limited over the forecast period, undermining the construction industry’s growth prospects.

- In order to meet the demand generated from the process of urbanization, the country’s transport infrastructure system requires large investment. Consequently, the Portuguese government is investing in rail and road infrastructure projects and aims to develop its transport infrastructure. Accordingly, under the strategic plan for Transport and Infrastructure 2014–2020 (PETI3+), the government plans to invest EUR2.8 billion (US$4.0 billion) in various rail transport infrastructure projects by 2020.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers
Global Building & Infrastructure Construction Industry Databook for 20 Countries – Market Size & Forecast by Value and Volume across 40+ Market Segments in Building Construction and Infrastructure Construction (2012 – 2021)

Global Building & Infrastructure Construction Industry Databook for 20 Countries – Market Size & Forecast by Value and Volume across 40+ Market Segments in Building Construction and Infrastructure Construction (2012 – 2021)

  • $ 8900
  • Industry report
  • April 2017
  • by ConsTrack360

The global construction industry in value terms increased at a CAGR of 9.6% during 2012-2016. Over the forecast period of 2017 to 2021, the industry is expected to record a CAGR of 9.9%, increasing from ...

Global Building Construction Industry Databook for 20 Countries – Market Size & Forecast by Value and Volume across 30+ Market Segments in Building Construction (2012 – 2021)

Global Building Construction Industry Databook for 20 Countries – Market Size & Forecast by Value and Volume across 30+ Market Segments in Building Construction (2012 – 2021)

  • $ 6900
  • Industry report
  • April 2017
  • by ConsTrack360

During the review period, value of global building construction industry recorded a CAGR of 11.3%. CAGR during the forecast period of 2017 to 2021 is expected to be 11.2% with value reaching US$ 10,682.3 ...

Analysis of Key Sectors of Colombia: Agriculture, Healthcare, Construction, Mining, Manufacturing and Transportation Markets (2017 - 2022)

Analysis of Key Sectors of Colombia: Agriculture, Healthcare, Construction, Mining, Manufacturing and Transportation Markets (2017 - 2022)

  • $ 6000
  • Industry report
  • January 2017
  • by Mordor Intelligence LLP

Colombia is the 4th largest economy in Latin America after Brazil, Mexico and Argentina. Population wise Colombia is 3rd largest in Latin America accounts to 47.66 million inhabitants in 2015. It is the ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.