Colombia Construction Industry Future Discussed in New Report Published at MarketPublishers.com12 Aug 2011 • by Natalie Aster
The Colombian construction industry demonstrated strong growth and a CAGR of 12.83% during the review period. Whilst a number of countries reported a decline in construction industry value following the global economic crisis, Colombia recorded growth of 8.4% in 2009 and 1.9% in 2010, as a result of government stimulus in infrastructure development. However, the reduction in government investments to reduce the country’s fiscal deficit is expected to result in industry performance becoming dependant on private investments during the forecast period. ICD estimates the industry will demonstrate a CAGR of 6.51% during the five-year period.
The report “The Future of Construction in Colombia to 2015: Political Stability, Reforms and Tourism to Increase Construction Activity” by iCD Research is an essential source of market size information, forecast data and analysis covering the Colombian construction industry. It offers detailed analysis of both historic and forecast construction industry values at market and category level, analysis of the leading companies in the industry, and key news. Furthermore, it provides a top-level overview and detailed market, category and company-specific insights into the operating environment for construction contractors. The report allows the user to:
- Identify key growth and investment opportunities within the Colombian construction industry;
- Make informed business decisions based on strong historic and forecast data.
The political and economic plan known as “Democratic Security” implemented by president Alvaro Uribe not only improved security, but also made Colombia an attractive destination for foreign investment. Indeed, many multinational companies have plans for expansion in Colombia in 2011. The availability of skilled cheap labor is also expected to drive the demand for office space as many major companies, including Convergys, are setting up offices in Colombia. In 2011, the Colombian economy expected to maintain a growth rate of 5% which can be attributed to increased consumption and private investment, new public investments and favorable conditions abroad for exports.
Within the Colombian construction industry, infrastructure construction was the largest market with a share of 52.4% in 2010. In terms of growth, the institutional construction market registered the highest review period CAGR of 22.91%, while the infrastructure construction market is expected to record the highest forecast period CAGR of 6.90%. Infrastructure construction demonstrated the second fastest market growth, with a CAGR of 16.51% during the review period.
The Future of Construction in Colombia to 2015: Political Stability, Reforms and Tourism to Increase Construction Activity
Published: July, 2011
Price: US$ 1,250
- Inform strategic business decisions using strong historic and forecast market sizing data;
- Understand the demand-side dynamics affecting the Columbian construction industry;
- Detailed market size, growth, segmentation and forecast data across five key industry categories provides all the essential information needed to assess market dynamics and identify new growth opportunities;
- Detailed profiles of major companies within the Columbian construction market enable the reader to benchmark financial performance and assess business strategy against competitors.
More information can be found in the report “The Future of Construction in Colombia to 2015: Political Stability, Reforms and Tourism to Increase Construction Activity” by iCD Research.
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