DUBLIN–(BUSINESS WIRE)–The “Construction
in Canada – Key Trends and Opportunities to 2023” report has
been added to ResearchAndMarkets.com’s offering.
This report provides detailed market analysis, information and insights
into the Canadian construction industry.
-
The Canadian construction industry’s growth prospects by market,
project type and construction activity. -
Critical insight into the impact of industry trends and issues, as
well as an analysis of key risks and opportunities in the Canadian
construction industry. -
Analysis of the mega-project pipeline, focusing on development stages
and participants, in addition to listings of major projects in the
pipeline.
The Canadian construction industry registered minimal growth in 2018,
with output expanding by 0.6% in real terms – down from 4.3% in 2017.
The industry’s output value, measured at constant 2017 US dollar
exchange rates, increased from US$289.5 billion in 2017 to US$291.2
billion in 2018. The sharp deceleration in activity was mainly driven by
significant declines in residential construction, as well as repair,
engineering and other construction activities. Overall, the industry
posted negative growth during the review period (2014-2018), registering
a compound annual growth rate (CAGR) of -0.29% in real terms.
In real terms, the industry’s output value is expected to post a
forecast-period CAGR of 0.90%, to value US$304.6 billion in 2023,
measured at constant 2017 US dollar exchange rates. Over the forecast
period (2019-2023), Canadian construction activity is expected to be
supported by the government’s planned investments in infrastructure.
Under the Investing in Canada Plan, the government plans to invest a
total of CAD180 billion (US$139 billion) in key infrastructure sectors
through 2028. The industry’s output is also expected to be supported by
improvements in business confidence over the forecast period, which will
drive investment in overall infrastructure.
The largest market in the industry during the review period was
residential construction, accounting for 43.7% of its total value in
2018. Forecast-period market output is expected to be supported by the
government’s efforts to build affordable houses. In the 2019 budget, the
Canada Mortgage and Housing Corporation (CMHC) announced plans to spend
CAD1.3 billion (US$943.0 million) to provide financial help to
first-time home buyers during 2019-2022.
Energy and utilities construction was the second-largest market in the
industry, accounting for 27.4% of the industry’s total value in 2018.
The market is expected to retain its position over the forecast period,
to account for 27.2% of the total industry’s total value in 2023. Market
output over the forecast period is expected to be supported by
government efforts to increase energy production and focus on renewable
energy infrastructure.
The total construction project pipeline in including all mega projects
with a value above US$25 million – stands at CAD1.4 trillion (US$1.1
trillion). The pipeline, which includes all projects from pre-planning
to execution, is relatively skewed towards late-stage projects, with
54.5% of the pipeline value being in projects in the pre-execution and
execution stages as of May 2019.
Scope
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This report provides a comprehensive analysis of the construction
industry in Canada. -
Historical (2014-2018) and forecast (2019-2023) valuations of the
construction industry in Canada, featuring details of key growth
drivers. -
Segmentation by sector (commercial, industrial, infrastructure, energy
and utilities, institutional and residential) and by sub-sector -
Analysis of the mega-project pipeline, including breakdowns by
development stage across all sectors, and projected spending on
projects in the existing pipeline. -
Listings of major projects, in addition to details of leading
contractors and consultants.
Key Topics Covered
1. Executive Summary
2. Construction Outlook: At-a-Glance
3. Latest News & Indicators
4. Key Drivers & Risks
4.1. Economic Performance
4.2. Political Environment
4.3. Demographics
4.4. Risk Profile
5. Construction Outlook
5.1. All Construction
5.1.1. Outlook
5.1.2. Project Analytics
5.2. Commercial Construction
5.3. Industrial Construction
5.4. Infrastructure Construction
5.5. Energy & Utilities Construction
5.6. Institutional Construction
5.7. Residential Construction
6. Key Industry Participants
6.1. Contractors
6.2. Consultants
For more information about this report visit https://www.researchandmarkets.com/r/kgawed
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ResearchAndMarkets.com
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Related
Topics: Construction
