DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/b693pm/global_repair) has announced the addition of the "Global Repair Construction Market - Growth, Trends and Forecasts (2014 - 2019)" report to their offering.
The global repair construction market has been predicted to grow at CAGR of 8.1% till 2019
The North American market which has become energy independent over the last 5 years is predicted to see a slowdown with the growth at 6.4% CAGR due to falling oil revenues. The Asian markets that are completely dependent on oil imports and have a higher potential for penetration will register a growth of 10.5% CAGR which is much higher than the growth of 7.6% from 2008 to 2014.
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.
Asian economies are one of the top oil guzzlers have seen a rise in investment and opportunities. India and China have commissioned a slew of projects for construction to boost domestic demand and reduce unemployment. Middle East countries who form the chunk of OPEC countries have huge foreign exchange reserves and can weather this slump in prices for an extended period have stated that there will be no slowdown in domestic investments and are going ahead with their projects already in the pipeline and have commissioned more. Their strategy for the past decade has been to diversify their economy from crude and gas based revenues and this has paid off handsomely.
Saudi Arabia which is the world largest producer and exporter of crude has increased spending in the construction sector. By 2015, the government hopes to have built and / or renovated over 4,000 schools, 50 new technical colleges, 50 higher institutes of technology for women and four teacher training colleges, in order to increase the schooling capacity to over five million and university capacity to 1.7 million students.
The government is also developing six new economic cities across the country all requiring extensive new infrastructure. 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.
Key Topics Covered:
2. Market definition
3. Market segmentation
4. Sectors covered
5. Market drivers
6. Restraints in the global repair construction market
7. Market segmentation by chemicals/substance used
8. Regional analysis of the Repair construction industry
9. Competitive Analysis
10. Growth Analysis
For more information visit http://www.researchandmarkets.com/research/b693pm/global_repair