Ken Research has announced publication titled, “Commercial Construction in Norway to 2020: Market Forecast” which provides detailed historic and forecast market value data for the commercial construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition).
The report includes historical and forecast valuations of the industry that use the construction output and value added methods.
It furnishes a top-level overview and detailed insight into the operating environment of the commercial construction industry in Norway and is a requisite device for companies active across the Norwegian construction value chain and for new players who consider entering the market.
It evaluates competitive risk and success factors and makes it easy to form and validate corporate strategies for achieving the goals efficiently and effectively.
With over five million inhabitants living among mountains, lakes, glaciers, and deep coastal fjords carving up Norway, building a sustainable infrastructure is a mammoth undertaking, where helicopters play a fundamental role since major commercial construction takes place with the help of helicopters only in the country.
Regardless of the period of subside in the wake of the world economic recession, the commercial construction market is anticipated to showcase a considerable growth in the near term, mainly owing to the global economic stabilization.
Currently, Asia-Pacific is the leading regional market for commercial construction and the healthcare as well as entertainment facilities construction account for the largest segments of the overall commercial construction market and therefore it is to be balanced for stable growth in other regions in the years to come.
To balance demand and supply for housing and energy are expected to support construction industry growth over the forecast period and also according to Statistics Norway, the number of new residential building permits issued in the country grew by 14.9% in 2015 relative to 2014.
To develop the country’s transport infrastructure and improve regional connectivity are expected to support the construction industry’s growth in the years to proceed. As part of the move, the government is implementing the fourth edition of the National Transport Plan over the period 2014–2023, with a total investment of USD 86.5 billion.