THE TOTAL BUILDING SOLUTION
Countries
• Based in San Diego, California, USA
• General Market Conditions:
2018 Overall Construction Value Forecast - $1.34 Trillion
A quick look at the ‘grand total’ forecasts for 2017 (+7.2% y/y), 2018 (+7.3%) and 2019 (+7.2%) suggests that stability in construction is expected over the next two-and-a-half years.
Source: ConstructConnect
United States of America
• Based in Wuhan, Hubei Province, China
• General Market Conditions:
Construction spending in China reached almost US $1.8 trillion last year, making it the largest market in the world and more than US$1 trillion larger than the markets in the US and Japan.
Respondents forecast construction spending to grow at 7.3 per cent per year in China over the next five years, followed by India (7 per cent), Vietnam (6.8 per cent) and Indonesia (5.2 per cent).
Source: South China Morning Post
China
India
• Based in Delhi, India
• General Market Conditions:
The Indian construction industry registered a compound annual growth rate (CAGR) of 13.52% in nominal terms during the review period (2009–2013), driven by private and public investments in infrastructure, as well as institutional and commercial construction projects.
Industry growth is expected to remain strong over the forecast period (2014–2018), as a result of the government's commitment to making infrastructural improvements and the implementation of the 12th Five-Year Plan (2012–2017), under which the government expressed plans to invest INR56.3 trillion (US $1.0 trillion) in various long-term development plans. Consequently, industry output is expected to record a forecast-period nominal CAGR of 10.09%.
Source: Cision PR Newswire
Middle East North Africa (Mena) Region
• Based in Istanbul, Turkey
• General Market Conditions:
Several key infrastructure projects are forging ahead, partly in support of Expo 2020 (the first to be held in the Middle East region), but also more widely driven by the ongoing expansion of trade and transport links. Construction activity is also being supported by evidence that the property market decline is bottoming out – prices were broadly flat on one year ago in March, compared to an 8% fall in the previous 12 months. Overall, the number of construction projects awarded in 2017 Q1 was up 26% compared to Q1 2016.
The government is prioritizing infrastructure investment, spending $116 Billion from 2015-2020 on better transport links, utility capacity, and housing, among other priority areas.
Source: ICAEW
http://www.icaew.com/en/technical/economy/economic-insight/economic-insight-middle-east
• Based in Tijuana, Mexico
• General Market Conditions:
The industry is set to grow further, both in 2014 and over the forecast period, due to improved economic conditions, low interest rates and increased investment. With government commitment and investment picking up, the industry is showing signs of positive growth. The industry's value add is projected to reach MXN1.5 trillion (US $94.8 billion) in 2018, representative of a forecast-period CAGR of 3.24%.
Source: Cision PR Newswire
Mexico
• Based in Alger, Algeria
• General Market Conditions:
According to the International Monetary Fund (IMF), the government generates two-thirds of its revenue and 95.0% of its total export revenue from oil and natural gas. Since mid-2014, oil prices have fallen by more than 50.0%. Prices declined from US$108.0 per barrel in June 2014 to US$30.0 in December 2015. Despite the decline, the government remained dedicated to investments in priority infrastructure and development projects.
The government's focus on providing affordable houses via social housing programs is expected to drive the growth of the residential construction market over the forecast period. In 2015, the government launched a new five-year investment plan 2015–2019 worth DZD25.9 trillion (US $262.0 billion). Under this program, the government aims to develop transport infrastructure, healthcare facilities, housing, education and energy infrastructure.
Source: Cision PR Newswire
Algeria
• Based in Addis Ababa, Ethiopia
• General Market Conditions:
Ethiopia is undergoing a transformation. The East African state is prioritising a wealth of construction projects in order to stimulate its economy, reinvigorate its infrastructure and supply affordable housing and power to its population of close to 100 million.
Construction is a huge part of Ethiopia’s economic recovery. The building sector has seen double digit growth, expanding by 37% annually, and is ushering in a new phase of development for the country.
Source: ITE Build & Interiors
Ethiopia
• Based in Khartoum, Sudan
• General Market Conditions:
The demand for LGS steel prefabricated building is the driven demand of the housing unit: residential, commercial and institutional which in turn depends on the growth of population, income, urbanization and commercialization.
The relative youth of Sudan’s population, with more than 41% under the age of 15, coupled with a population growth rate that could see Sudan’s population reach 56.4 million by 2030, are putting considerable pressure on the demand for housing.
A UN-Habitat 2008 survey noted that only 30% of Khartoum’s total housing stock is in fair condition, while the remaining 70% is in need of total replacement.
Source: 2020 Housing Finance in Africa Yearbook
https://housingfinanceafrica.org/documents/2020-housing-finance-in-africa-yearbook-11th-edition/
Sudan
• Based in Antananarivo, Madagascar
• General Market Conditions:
The population of Madagascar is mainly rural (65 percent). This rural population is estimated to be growing at a rate of 1.8 percent annually, which is almost three times lower than the urban population growth rate (4.6 percent). The urban population growth is estimated to reach 50 percent in 2036.
Expanding populations in emerging markets are driving growth in the global, structural, and architectural metal industries. In most of the world, higher-density, multi-family housing is more prevalent. These types of buildings are usually framed with structural and light gauge steel. Making these construction hotspots a target market for FrameMax’s line of light-gauge steel products.
Source: 2020 Housing Finance in Africa Yearbook
https://housingfinanceafrica.org/documents/2020-housing-finance-in-africa-yearbook-11th-edition/
Madagascar