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Market Research Report

Construction in Norway - Key Trends and Opportunities to 2025 (H1 2021)

Published by GlobalData Product code 969018
Published Content info 47 Pages
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Construction in Norway - Key Trends and Opportunities to 2025 (H1 2021)
Published: April 20, 2021 Content info: 47 Pages
Description

Prior to the Coronavirus (COVID-19) outbreak, the Norwegian construction industry had been growing at a healthy pace, recording an annual average growth rate of 4.1% between 2016 and 2019. However, the industry was adversely affected by the disruption caused due to COVID-19. The country's construction industry contracted by 3.1% 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 industry is expected to recover in 2021 and register growth of 1.6% in real terms that year, supported by the government's focus on upgrading the country's transport infrastructure. In the 2021 budget, the government allocated NOK80 billion (US$7.7 billion) for the development of transport infrastructure. The government expects that investments on these projects will help boost the road and hydraulic engineering sector, thereby contributing to the overall economy and construction industry. The government's focus on renewable energy is also expected to support industry's output. Under the "green transition package", the government plans to spend NOK3.5 billion (US$384.5 million) to develop the country's renewable energy infrastructure by 2023. Over the remaining part of the forecast period (2021-2025), GlobalData expects industry output to register an average annual growth of 2.2%.

However, with the number of new cases rising again in March 2021, on 16th March, the government announced fresh lockdown restrictions in Oslo. Under this, the government shut down all non-essential shops and in-restaurant dining in 52 municipalities surrounding the capital. The uncertain economic conditions, as well as the slowdown in projects owing to renewed containment measures, is expected to weigh on growth in the first half of the year.

This 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 (2016-2020) and forecast (2021-2025) 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: GDCN0667MR

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
  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index
  • 4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments

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
  • Contact Us

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), 2016-2025
  • Table 4: Norway, Top Commercial Construction Projects by Value
  • Table 5: Norway, Industrial Construction Output by Project Type (Real % Change), 2016-2025
  • Table 6: Norway, Top Industrial Construction Projects by Value
  • Table 7: Norway, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
  • Table 8: Norway, Top Infrastructure Construction Projects by Value
  • Table 9: Norway, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
  • Table 10: Norway, Top Energy and Utilities Construction Projects by Value
  • Table 11: Norway, Institutional Construction Output by Project Type (Real % Change), 2016-2025
  • Table 12: Norway, Top Institutional Construction Projects by Value
  • Table 13: Norway, Residential Construction Output by Project Type (Real % Change), 2016-2025
  • 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 and 2021
  • 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), 2016-2025
  • Figure 5: Norway, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
  • Figure 6: Norway, Construction Value-Add (NOK Million, 2017 Constant Prices)
  • Figure 7: Norway, Average Construction Production Index (2015=100)
  • Figure 8: Norway, Construction Projects Momentum Index
  • Figure 9: Norway, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
  • 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), 2016-2025
  • 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), 2016-2025
  • 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), 2016-2025
  • 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), 2016-2025
  • Figure 22: Norway, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 23: Norway, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
  • 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, Total Number of Dwelling Completed (Unit, Number)
  • Figure 27: Norway, Headquarters of Key Contractors (% of Total Project Pipeline)
  • Figure 28: Norway, Headquarters of Key Consultants (% of Total Project Pipeline)
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