While the Colombian
construction industry registered growth in real terms of 3.7% and 4.1%
in 2015 and 2016 respectively, the country's construction industry is expected
to experience a slowdown in output value during the early part of the forecast
period (2017-2021). This reflects both weak economic activity and uncertainty
generated by ongoing corruption investigations. Weak oil prices and political
instability in the wake of the upcoming presidential election in 2018 are also
expected to adversely affect the growth of the construction industry in the
early part of the forecast period.Although the probable weak performance of the
oil and mining sector is expected to hamper growth throughout 2017-2018, the
construction industry's value is expected to improve in the latter part of the
forecast period. Nevertheless, the pace of growth will remain slow, averaging
2.8% a year in real terms during 2018-2021.
Government investment in airport, railway lines,
roads, bridges and tunnels under the Fourth Generation (4G) program is expected
to drive the growth of the industry over the forecast period. The industry's
expansion is also expected to be supported by a revival in investor confidence
over the forecast period, adding momentum to the flow of public and private
sector investments in transport, residential, commercial and energy
infrastructure projects.Timetric's Construction in Colombia-Key Trends and
Opportunities to 2021 report provides detailed market analysis, information and
insights into the Colombian construction industry, including The Colombian
construction industry's growth prospects by market, project type and
construction activity.Critical insight into the impact of industry trends and
issues, and the risks and opportunities they present to participants in the
Colombian construction industry.Profiles of the leading operators in the
Colombian construction industry
This report provides a comprehensive analysis of the
construction industry in Colombia. It provides Historical (2012-2016) and
forecast (2017-2021) valuations of the construction industry in Colombia using
construction output and value-add methods,Segmentation by sector (commercial,
industrial, infrastructure, energy and utilities, institutional and
residential) and by sub-sector,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)and Detailed
profiles of the leading construction companies in Colombia.
It Identify and evaluate market opportunities using
Timetric's standardized valuation and forecasting methodologies.Assess market
growth potential at a micro-level with over 600 time-series data
forecasts.Understand the latest industry and market trends.Formulate and
validate strategy using Timetric's critical and actionable insight.Assess
business risks, including cost, regulatory and competitive pressures.Evaluate
competitive risk and success factors.
Timetric expects the infrastructure construction
market to retain its leading position over the forecast period, with a share of
41.4% of the industry's total value in 2021. To improve and expand the
toll-road network across the country, reduce travel time and increase access,
Agencia Nacional de Infraestructura (ANI) is seeking to invest COP76.4 trillion
(USD 25.0 billion) on road infrastructure projects under the 4G Road
Infrastructure Program by 2021.The government is focusing on the development of
the energy infrastructure, with an aim to improve country's power generation
capacity. According to the government, the country's total installed electric
power generation capacity is expected to increase from 16,501MW in 2016 to
25,188MW in 2028. The government is planning to develop various power
generation projects across the country, with a particular emphasis on hydro
power.Timetric expects residential construction market output to record a
forecast-period CAGR of 5.23% in nominal terms, driven by public and private
sector investments in the construction of new residential buildings to meet the
increasing demand for housing. Under the Housing Development Program, the
Ministry of Housing City and Territory plans to develop residential buildings
in Colombia. In order to provide low-cost housing facilities to people, the
program involves the construction of 450,000 housing units across the country
and related infrastructure by 2021.To improve the transport network in Bogot,the government is
focusing more on the improvement of transport infrastructure in a bid to reduce
traffic congestion, fulfill the demands of the growing population
and support economic growth. Accordingly, in January 2017, the government
allocated COP15.0 trillion (USD 5.1 billion) for the development of urban
transport projects in the capital, with a particular focus on the metro line
project.The government's commitment to pursuing quality development and
continuous expenditure on the education sector is expected to support the
market's growth. The development of the country's education sector is a
government priority. Accordingly, the government allocated 15.7% of its 2018
budget-COP37.0 trillion (USD 12.6 billion)-to improve the country's education
system.
Key topics covered in the Report:-
Columbian
Construction Industry Market Research
Report
Columbian
Construction Industry Market Size
Columbian
Construction Industry Report
Columbian
Construction Industry Market
Columbian
Construction Industry Analysis
Columbian
Construction Industry Market Forecast
Columbian
Construction Industry Market Major Players
Columbian
Construction Industry Market Forecast
Columbian
Construction Industry Market Analysis
Columbian
Construction Industry Leading Competitors
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