Skip to main content

Singapore Construction Market is expected a CAGR of 1.79% Over the Forecast Period

Singapore Construction Market World
Singapore’s construction market suffered a sharp downturn in 2017, contracting by 7.9% in real terms that year, following an average annual growth of 3.4% during the preceding four years. This decline can be attributed to low private sector investment in construction and government measures to curb rising residential property prices. Singapore’s construction industry is expected to contract further in real terms, by 2.6% in 2018, before regaining growth momentum. Over the remaining part of the forecast period (2018–2022), however, the industry is expected to recover, mainly due to the government’s focus on the manufacturing industry and energy and utilities infrastructure. 

The industry is expected to be supported by improvements in business confidence over the forecast period, which will drive investment in infrastructure, commercial, residential projects and energy infrastructure. The focus on the development of renewable energy infrastructure is expected to drive industry growth. The government aims to generate 25.0% of the country’s total electricity consumption from renewable sources by 2025, compared with 12.6% in 2016. The industry’s output value in real terms is expected to post a compound annual growth rate (CAGR) of 1.79% over the forecast period, compared to 0.52% during the review period (2013-2017). 

Request a Free Sample Copy of Report on Construction Market in Singapore @   https://www.radiantinsights.com/research/construction-in-singapore-key-trends-and-opportunities-to-2022/request-sample

 Summary 

Construction in Singapore - Key Trends and Opportunities to 2022 report provides detailed market analysis, information and insights into Singapore’s construction industry, including: 

• Singapore’s 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 Singapore’s construction industry.
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Browse the Full Construction Market in Singapore- Global Scenario, Industry Outlook, Analysis, Size, Trends and Forecast to 2022 Report at - https://www.radiantinsights.com/research/construction-in-singapore-key-trends-and-opportunities-to-2022

Scope This report provides a comprehensive analysis of the construction industry in Singapore.

It provides: 

• Historical (2013–2017) and forecast (2018–2022) valuations of the construction industry in Singapore, 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 

Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Address: 201 Spear St #1100, Suite #3036
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
Labels:

Comments

Post a Comment

Popular posts from this blog

Construction Equipment Rental Market: The Role of Digitalization and Automation

  The global construction equipment rental market size is expected to reach   USD 280.13 billion by 2030 , registering a CAGR of 6.12% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing government spending on infrastructure projects and rising Foreign Direct Investment (FDI) in the building sector for skyscrapers, motorways, bridges, and smart cities is driving the growth. The market for renting construction equipment is expanding as a result of ongoing technological advancements that result in modern construction tools that focus on projects and streamline the entire construction process. Small and medium-sized construction enterprises and contractors are encouraged to use rental construction equipment due to the higher total cost of ownership of modern construction equipment and machines. Additionally, construction equipment leasing offers a cost-effective substitute for purchasing for construction companies since it lowers the costs of owne...
Post a Comment
Read more

Artificial Intelligence In Construction Market: Impact on Project Management

  The global   artificial intelligence in construction market   was valued at approximately USD 2.93 billion in 2023 and is anticipated to reach USD 16.96 billion by 2030, growing at a CAGR of 26.9% from 2024 to 2030. This growth is fueled by the various advantages AI offers in the construction sector, including the prevention of cost overruns by forecasting budgets based on historical data and aiding in the development of predictive models aligned with project timelines. This efficiency renders mega-construction projects more cost-effective. Artificial intelligence (AI) also improves 3D model-based processes, lightening the workload for engineers, construction professionals, and architects. Additionally, it enhances project planning through robots that conduct 3D scans of construction sites, providing data that helps management tackle on-site issues. Another significant driver of this market is the enhanced risk control on job sites, which assures contractors and subcont...
Post a Comment
Read more

Capsule Smart Mini Projectors Market SWOT, Investment Feasibility and Investment Return Analysis

November 14, 2018:   Capsule Smart Mini Projectors Market   Report by Material, Application, and Geography - Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Capsule Smart Mini Projectors basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis. The report includes six parts, dealing with: 1.) Basic Info...
1 comment
Read more