Market Research Report
Construction in Norway - Key Trends and Opportunities to 2024
|Published by||GlobalData||Product code||969018|
|Published||Content info||45 Pages
Delivery time: 1-2 business days
|Construction in Norway - Key Trends and Opportunities to 2024|
|Published: October 12, 2020||Content info: 45 Pages||
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 -
This report provides a comprehensive analysis of the construction industry in Norway. It provides -