Global Construction Industry Executives Expect to See Increased Levels of Consolidation, Reports Timetric

26 Jun 2013 • by Natalie Aster

The respondents from the global construction industry identified India, Brazil, the UAE, China and Saudi Arabia as promising emerging markets for 2013. 53% are ‘more optimistic’ about revenue growth for their companies in 2013. This is due to increased investments in IT infrastructure and other public and private sector construction projects as well as growing demand for sustainable construction.

The most common changes expected for 2013 are ‘expand in current market’ and ‘improving operational efficiency’, compared to, in 2012, the emphasis was on ‘improving operational efficiency’, ‘expand operations in domestic market’, ‘stabilize company finances’ and ‘manage pricing strategies’.

New report "Global Construction Industry Survey 2013–2014: Market Trends, Marketing Spend and Sales Strategies in the Global Construction Industry" by Timetric states that executives from the global construction industry expect to see increased levels of consolidation, with 50% of respondents anticipating either a significant increase or an increase in merger and acquisitions activity in 2013. Slow recovery in the global economy and weak market conditions, a growing desire for large construction companies to increase their global presence, and increased pressure of rising costs on small and medium-sized construction companies are considered the key drivers for participating in M&A activity.

Report Details:

Global Construction Industry Survey 2013–2014: Market Trends, Marketing Spend and Sales Strategies in the Global Construction Industry
Published: June, 2013
Pages: 153
Price: US$ 2,000.00

Respondents from construction contractor and developer companies identified India, Brazil, the UAE, China and Saudi Arabia as promising emerging markets for 2013. Construction activity in India has increased steadily due to growth in infrastructure development in housing, roads, ports, aviation infrastructure and power generation, leading the country to become one of the emerging markets in the global construction industry.

More information can be found in the report “Global Construction Industry Survey 2013–2014: Market Trends, Marketing Spend and Sales Strategies in the Global Construction Industry” by Timetric.

To order the report or ask for sample pages contact ps@marketpublishers.com

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