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Technavio’s market research analyst predicts the construction spending market in the BRIC countries to grow at a CAGR of around 13% during the forecast period. Large-scale investments in the construction industry by the governments of the BRIC countries drive the prospects for growth in this market. The Indian and Chinese governments are expected to invest heavily in the residential construction, followed by transport infrastructure development during the forecast period. The commissioning of large urban infrastructure projects such as the development of high-rise structures and apartments, commercial buildings, airports, new roads, and highways is expected to aid the growth of this market in the next four years.
The growing demand for infrastructure development, which arises from rapid urbanization, will spur spending in the construction sector during the forecast period. Additionally, future international sporting events, such as the 2016 Olympics Games in Brazil and the 2018 FIFA World Cup in Russia, are expected to spur growth in the construction spending market in the BRIC countries over the next two years.
The top vendors in the market are -
Other prominent vendors in the market include AFI Development, Andrade Gutierrez, Chengdu Road & Bridge Engineering, Galvao Engenharia, Guangsha Construction Group, Hindustan Construction, Jaypee Infratech, Keda Group, Larsen & Toubro, MRV Engenharia, Nagarjuna Construction, OAS, OJSC ST Group Region, PIK Group, Punj Lloyd, Queiroz Galvao, RGI International, Shanghai Construction Group, Shanghai Pudong Road & Bridge Construction, Shapoorji Pallonji, SU-155 Group, and Zhongtian Construction Group.
The infrastructure sector constituted 61% of the total market share during 2015. Growing urbanization and rising standards of living in the BRIC countries are expected to boost the demand for new and efficient infrastructure, which in turn is expected to boost construction spending during the forecast period.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by sector
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
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