The residential construction market in Brazil grew at a CAGR of 17.28% during the review period (2006 to 2010), and despite weak economic conditions, the country emerged as a popular destination for real estate development.
London - December 15, 2011 – The consumption value of the global construction industry declined at a CARC of -1.95% during the review period (2006 to 2010). Whilst the Middle East region experienced the fastest growth in consumption value during the review period, Asia- Pacific and Europe were the largest consumers in 2010.
Asia-Pacific had the largest consumption value in 2010, which was supported by new infrastructure projects in China, Indonesia and India. The only country in the Asia-Pacific to register a weak consumption value was Japan. This was based on the decline in construction activity during the review period. It is expected that the consumption value of construction trucks in the Asia-Pacific region is to record a CAGR of 11.31%.
The European region as a whole recorded a decline in consumption value during the review period as a result of decreased construction activity and a lack of investment in Western European countries such as Germany, Italy and the UK. However, over the forecast period consumption growth in the region is expected to improve as Western European countries emerge from the economic crisis.
North America registered the highest decline in the consumption value of construction trucks over the review period, with a CARC of -14.62%. The factors for this decline include the effects of the sub-prime mortgage crisis, a decline in construction activity and the lack of available credit. It is expected that demand for construction trucks will grow over the forecast period supported by economic recovery, government stimulus packages, increased construction activity and improvement in consumer confidence.
During the review period, Middle East had the smallest share of the global construction trucks market in 2010. However it recorded a CAGR of 12.7% during the review period. This growth was a result of increased transport infrastructure investment to improve transport links in Saudi Arabia and the UAE, and investment to make the Middle East a favorable business environment in order to attract increased foreign investment.
The second smallest consumer of construction trucks in 2010 was South America, recording a CAGR of 2.92% in the review period (2006 to 2010). Consumption growth in this region was largely a result of the high level of infrastructure construction activity and mining investment in the review period (2006 to 2010). There has been substantial investment in Brazil as they will be hosting the FIFA World Cup in 2014 and Summer Olympic Games in 2016. As a result of the investment, there is expected to be an increase in construction activity. Therefore, South America‘s construction trucks consumption is expected to increase at a CAGR of 7.25% over the forecast period (2011 to 2015).
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Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.
We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.
The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.
With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.
For more information, please visit our website at www.industryreview.com
For more information on the article, please contact:
Press Contact:
Shelly Wills
Tel: +44 (0) 20 7936 6671
shelly.wills@industryreview.com
London - December 15, 2011 – The consumption value of the global construction industry declined at a CARC of -1.95% during the review period (2006 to 2010). Whilst the Middle East region experienced the fastest growth in consumption value during the review period, Asia- Pacific and Europe were the largest consumers in 2010.
Asia-Pacific had the largest consumption value in 2010, which was supported by new infrastructure projects in China, Indonesia and India. The only country in the Asia-Pacific to register a weak consumption value was Japan. This was based on the decline in construction activity during the review period. It is expected that the consumption value of construction trucks in the Asia-Pacific region is to record a CAGR of 11.31%.
The European region as a whole recorded a decline in consumption value during the review period as a result of decreased construction activity and a lack of investment in Western European countries such as Germany, Italy and the UK. However, over the forecast period consumption growth in the region is expected to improve as Western European countries emerge from the economic crisis.
North America registered the highest decline in the consumption value of construction trucks over the review period, with a CARC of -14.62%. The factors for this decline include the effects of the sub-prime mortgage crisis, a decline in construction activity and the lack of available credit. It is expected that demand for construction trucks will grow over the forecast period supported by economic recovery, government stimulus packages, increased construction activity and improvement in consumer confidence.
During the review period, Middle East had the smallest share of the global construction trucks market in 2010. However it recorded a CAGR of 12.7% during the review period. This growth was a result of increased transport infrastructure investment to improve transport links in Saudi Arabia and the UAE, and investment to make the Middle East a favorable business environment in order to attract increased foreign investment.
The second smallest consumer of construction trucks in 2010 was South America, recording a CAGR of 2.92% in the review period (2006 to 2010). Consumption growth in this region was largely a result of the high level of infrastructure construction activity and mining investment in the review period (2006 to 2010). There has been substantial investment in Brazil as they will be hosting the FIFA World Cup in 2014 and Summer Olympic Games in 2016. As a result of the investment, there is expected to be an increase in construction activity. Therefore, South America‘s construction trucks consumption is expected to increase at a CAGR of 7.25% over the forecast period (2011 to 2015).
To purchase the full report, please click here.
About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.
We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.
The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.
With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.
For more information, please visit our website at www.industryreview.com
For more information on the article, please contact:
Press Contact:
Shelly Wills
Tel: +44 (0) 20 7936 6671
shelly.wills@industryreview.com
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