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Construction in Norway - Key Trends and Opportunities to 2024

Construction in Norway - Key Trends and Opportunities to 2024

Summary

The Norwegian construction industry has been severely affected by the disruption caused by the Coronavirus (COVID-19) pandemic. GlobalData predicts that the industry's output will shrink by 3% in 2020, as construction activity was brought to a standstill across many parts of the country due to the impact of COVID-19 containment measures. The forecast reflects the fact that the industry had already declined in the first half of 2020 and that the containment measures will result in a much steeper drop in the second half of 2020.
The industry is expected to recover in 2021 and register annual average growth of 1.8% in real terms from 2021 to 2024.

GlobalData's central forecast is based on a positive scenario that the outbreak will mostly be contained in the second half of 2020, such that restrictions on travel will be eased thereafter. It is expected that work on construction sites will be ramped up quickly in the second half of the year, with the government's measures to contain the impact of the outbreak being eased, and support continuing for businesses to cope with the outbreak by providing guarantee on loans. There are risks to this forecast with the possibility of a second wave of COVID-19, which could further extend the movement restrictions

GlobalData's Construction in Norway - Key Trends and Opportunities to 2024 report provides detailed market analysis, information and insights into the Norwegian construction industry, including -
- The Norwegian construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Norwegian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline

Scope

This report provides a comprehensive analysis of the construction industry in Norway. It provides -
- Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in Norway, 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

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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Construction in Norway - Key Trends and Opportunities to 2024
Published By :GlobalData
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