Synopsis
This report provides detailed
market analysis, information and insights into the Estonian construction
market, including:
·
The Estonian construction
market’s growth prospects by sector, project type and type of construction
activity
·
Analysis of equipment, material
and service costs across each project type within Estonia
·
Critical insight into the impact
of industry trends and issues, and the risks and opportunities they present to
participants in the Estonian construction market
·
Assessment of the competitive
forces facing the construction industry in Estonia and profiles of the leading
operators
·
Data highlights of the largest
construction projects in Estonia.
To
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Executive summary
The Estonian construction
industry recorded a CAGR of -6.69% during the review period. The housing market
cooled in 2008 as interest rates began to rise and banks tightened their
lending conditions. Deflation in the property market was one of the main
reasons for the decline in domestic demand and was a major contributor to the
country witnessing an economic contraction of over 14% in 2009. Investment in
the infrastructure construction market went some way to supporting the
construction industry during the period of economic downturn, recording the
lowest decline in all construction markets during the review period, at -0.08%.
Overall, a balanced growth with a focus on quality is forecast for the Estonian
construction industry. Timetric expects the Estonian construction industry to
record a CAGR of 5.83% over the forecast period.
Scope
This report provides a
comprehensive analysis of the construction industry in Estonia:
·
Historical (2008-2012) and
forecast (2013-2017) valuations of the construction market in Estonia using the
construction output and value-add methods
·
Segmentation by sector
(commercial, industrial, infrastructure, institutional and residential) and by
project type
·
Breakdown of values within each
project type, by type of activity (new construction, repair and maintenance,
refurbishment and demolition) and by type of cost (materials, equipment and
services)
·
Analysis of key construction
industry issues, including regulation, cost management, funding and pricing
·
Assessment of the competitive
environment using Porter’s Five Forces analysis
·
Detailed profiles of the leading
construction companies in Estonia
Reasons to buy
·
Identify and evaluate market
opportunities using our standardized valuation and forecasting methodologies
·
Assess market growth potential
at a micro-level via 600+ time series data forecasts
·
Understand the latest industry
and market trends
·
Formulate & validate
business strategies by leveraging our critical and actionable insight
·
Assess business risks, including
cost, regulatory and competitive pressures
·
Evaluate competitive risk and
success factors
Key highlights
·
Estonia’s real GDP growth
dropped sharply from 8.3% in 2011 to 3.2% in 2012, owing to weak external
demand emanating from the eurozone crisis. Reflecting weak external demand from
Russia, Finland and Sweden (its key trading partners), export growth
decelerated sharply from 22.9% and 23.4% in 2010 and 2011 respectively to 5.6%
in 2012.
·
Private consumption, which
accounts for 52% of GDP, grew at a faster pace, from 3.6% in 2011 to 4.5% in
2012, supported by enhanced consumer spending and retail activity. Gross
capital formation remained robust, recording a growth of 25.9% and 20.9% in
2011 and 2012 respectively, as new projects supported by EU funds and sale of
CO2 emission allowances supported investment activity.
To Buy a Copy Of This Report:-
·
Due to a slowdown in
construction during the economic downturn, commercial real estate supply lags
behind demand. There is an acute shortage of Grade-A office space and good
quality Grade-B buildings. Since adopting the euro, interest from foreign
investors has grown significantly, with major interest coming from Swedish and
Finnish companies. Additionally, the country’s IT sector has performed well
even through the crisis and will demand good office space.
·
The construction of retail
buildings is expected to be supported by some large projects in the pipeline.
Large shopping centers such as Rocca al Mare, Ülemiste and Kristriine are
planning and executing extensions. Linstow International, the owners and
developers of the Ülemiste centre in Tallinn have announced a EUR30 million
extension for the centre, making it the largest mall in Estonia.
Contact
M/s
Sheela
90
Sate Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
– Canada Toll Free: 866-997-4948
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