- The key vendors in the construction market in the EMEA 2015-2019 are AFRIDECA Group, Arabtec Construction LLC, Balfour Beatty plc and Implenia Group
London, 09 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the construction market in the EMEA 2015-2019. Increased demand for construction activities is one of the major trends upcoming in this market. Population growth and launch of new techniques in a short time have led to increased demand in the construction sector. At present, more than 2,000 miles of six-lane roads are under development. The construction market in the EMEA is expected to grow at a CAGR of 6.56% during the forecast period of 2014-2019.
The construction market in EMEA is one of the fastest growing construction markets worldwide. With rapid developments in Germany, South Africa, and the UAE, the construction market in EMEA is expected to retain its position as the second largest construction market in the world. Moreover, increase in population especially in Africa and the Middle East has given rise to construction of high-quality infrastructure in the region, which has consequently led to increased investments in the region.
“Advances in technology such as smart building technologies in construction operations attract contractors toward building new, advanced structures, especially in countries such as Switzerland, South Africa, and Egypt, which have a history of organized and firm structures,” says Faisal Ghaus, Vice President of Technavio Research.
“The Middle East is hosting mega events such as the FIFA World Cup 2022 in Qatar and Dubai Expo 2020, which will increase demand for hotels and transportation networks.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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