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Market Research Report

Construction in Norway - Key Trends and Opportunities to 2024

Published by GlobalData Product code 969018
Published Content info 45 Pages
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Construction in Norway - Key Trends and Opportunities to 2024
Published: October 12, 2020 Content info: 45 Pages
Description

The Norwegian construction industry has been severely affected by the disruption caused by the Coronavirus (COVID-19) pandemic. GlobalData predicts that the industry's output will shrink by 3% in 2020, as construction activity was brought to a standstill across many parts of the country due to the impact of COVID-19 containment measures. The forecast reflects the fact that the industry had already declined in the first half of 2020 and that the containment measures will result in a much steeper drop in the second half of 2020.

The industry is expected to recover in 2021 and register annual average growth of 1.8% in real terms from 2021 to 2024.

GlobalData's central forecast is based on a positive scenario that the outbreak will mostly be contained in the second half of 2020, such that restrictions on travel will be eased thereafter. It is expected that work on construction sites will be ramped up quickly in the second half of the year, with the government's measures to contain the impact of the outbreak being eased, and support continuing for businesses to cope with the outbreak by providing guarantee on loans. There are risks to this forecast with the possibility of a second wave of COVID-19, which could further extend the movement restrictions

GlobalData's Construction in Norway - Key Trends and Opportunities to 2024 report provides detailed market analysis, information and insights into the Norwegian construction industry, including -

  • The Norwegian 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 Norwegian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline

Scope

This report provides a comprehensive analysis of the construction industry in Norway. It provides -

  • Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in Norway, 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

Reasons to Buy

  • Identify and evaluate market opportunities using GlobalData'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 GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Table of Contents
Product Code: GDCN0557MR

Table of Contents

Table of Contents

1.Executive Summary

2.Construction Industry: At a Glance

3.Context

  • 3.1 Economic Performance
  • 3.2 Political Environment and Policy
  • 3.3 Demographics
  • 3.4 COVID-19 Status

4.Construction Outlook

  • 4.1 All Construction
  • 4.2 Commercial Construction
  • 4.3 Industrial Construction
  • 4.4 Infrastructure Construction
  • 4.5 Energy and Utilities Construction
  • 4.6 Institutional Construction
  • 4.7 Residential Construction

5.Key Industry Participants

  • 5.1 Contractors
  • 5.2 Consultants

6. Construction Market Data

7. Appendix

  • 7.1 What is this Report About?
  • 7.2 Definitions
  • 7.3 GlobalData Construction

List of Tables

List of Tables

  • Table 1: Construction Industry Key Data
  • Table 2: Norway, Key Economic Indicators
  • Table 3: Norway, Commercial Construction Output by Project Type (Real % Change), 2015-2024
  • Table 4: Norway, Top Commercial Construction Projects by Value
  • Table 5: Norway, Industrial Construction Output by Project Type (Real % Change), 2015-2024
  • Table 6: Norway, Top Industrial Construction Projects by Value
  • Table 7: Norway, Infrastructure Construction Output by Project Type (Real % Change), 2015-2024
  • Table 8: Norway, Top Infrastructure Construction Projects by Value
  • Table 9: Norway, Energy and Utilities Construction Output by Project Type (Real % Change), 2015-2024
  • Table 10: Norway, Top Energy and Utilities Construction Projects by Value
  • Table 11: Norway, Institutional Construction Output by Project Type (Real % Change), 2015-2024
  • Table 12: Norway, Top Institutional Construction Projects by Value
  • Table 13: Norway, Residential Construction Output by Project Type (Real % Change), 2015-2024
  • Table 14: Norway, Top Residential Construction Projects by Value
  • Table 15: Norway, Key Contractors
  • Table 16: Norway, Key Consultants
  • Table 17: Norway, Construction Output Value (Real, US$ Million)
  • Table 18: Norway, Construction Output Value (Nominal, NOK Million)
  • Table 19: GlobalData Construction Market Definitions

List of Figures

List of Figures

  • Figure 1: Western Europe, Construction Output (Real % Change), 2020
  • Figure 2: Norway, Construction Projects Pipeline by Sector (US$ Billion)
  • Figure 3: Norway, COVID-19 Confirmed Cases
  • Figure 4: Norway, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2015-2024
  • Figure 5: Norway, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
  • Figure 6: Norway, Average Construction Production Index (2015=100)
  • Figure 7: Norway, Construction Value-Add (NOK Million, 2017 Constant Prices)
  • Figure 8: Norway, Construction Projects Momentum Index
  • Figure 9: Norway, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 10: Norway, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 11: Norway, Total Number of Tourist Arrivals (In Million)
  • Figure 12: Norway, Service Sector Turnover Index (2015=100)
  • Figure 13: Norway, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 14: Norway, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 15: Norway, Manufacturing Production Index (2005=100)
  • Figure 16: Norway, Total Export Value (NOK, Million)
  • Figure 17: Norway, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 18: Norway, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 19: Norway, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 20: Norway, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 21: Norway, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 22: Norway, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 23: Norway, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 24: Norway, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 25: Norway, Total Number of Dwelling Started (Unit, Number)
  • Figure 26: Norway, Headquarters of Key Contractors (% of Total Project Pipeline)
  • Figure 27: Norway, Headquarters of Key Consultants (% of Total Project Pipeline)
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