Complete report is available @ http://www.rnrmarketresearch.com/construction-in-norway-key-trends-and-opportunities-to-2018-market-report.html . The Norwegian construction industry recorded a CAGR of 8.80% during the review period (2009−2013). Norway’s economy underwent an extended period of insubstantial expansion, due to decelerated growth in the real estate sector and a sharp increase in property prices. This was reflected in the construction industry’s growth, which slowed from 14.0% in 2011 to 9.4% in 2013.

1. Construction in Norway – Key Trends and Opportunities to
2018
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2. Construction in Norway – Key Trends
and Opportunities to 2018
Synopsis
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
type of construction activity
Analysis of equipment, material and service costs across each project type within
Norway
Critical insight into the impact of industry trends and issues, and the risks and
opportunities they present to participants in the Norwegian construction industry
Analyzing the profiles of the leading operators in the Norwegian construction industry.
Data highlights of the largest construction projects in Norway
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3. Construction in Norway – Key Trends
and Opportunities to 2018
Summary
The Norwegian construction industry recorded a CAGR of 8.80% during the review
period (2009−2013). Norway’s economy underwent an extended period of
insubstantial expansion, due to decelerated growth in the real estate sector and a
sharp increase in property prices. This was reflected in the construction industry’s
growth, which slowed from 14.0% in 2011 to 9.4% in 2013. This decline was driven by a
slump in residential construction and the weakening of the krone, following the
European debt crisis. Industry outlook is still favorable, due to the government’s
commitment to improving infrastructure. Industry output is expected to record a CAGR
of 7.07% over the forecast period (2013−2018).
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4. Construction in Norway – Key Trends
and Opportunities to 2018
Key highlights
After recovering from the financial crisis, the Norwegian construction industry
recorded a slowdown in 2012. During review period, the gross value-added growth in
construction peaked at an annual rate of 12.9% (in nominal terms) in 2012, but activity
slowed in 2013, posting a contraction of 9.9% in 2013. This reflected a rapid rise in the
cost of construction − especially materials costs. With government commitment and
investment picking up, the industry is showing signs of positive growth. The industry’s
value add is projected to reach NOK238.0 billion (US$37.8 billion) in 2018,
representative of a forecast-period CAGR of 7.77%.
Norway’s GDP grew by 3.5% during 2011–2012; The construction industry’s
contribution to GDP increased by 7.4% during the same period. According to Statistics
Norway, the industry recorded a solid performance, with turnover increasing by 6.5%,
to value NOK149.0 billion (US$25.0 billion) in 2013, compared with 2012. The
industry’s total projects grew by 6.0% in the first-quarter of 2014, compared with the
last quarter of 2013.
Complete report is available @ http://www.rnrmarketresearch.com/construction-in-
norway-key-trends-and-opportunities-to-2018-market-report.html .
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5. Construction in Norway – Key Trends
and Opportunities to 2018
Reasons to buy
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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 business strategies using Timetric’s critical and actionable
insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors
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6. Construction in Norway – Key Trends and
Opportunities to 2018
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