PUNE, MAHARASHTRA, INDIA, April 24, 2018 /EINPresswire.com/ — Market Overview
Following five years of expansion, the Swiss construction industry slightly contracted in 2015, with industry output declining at a rate of 0.3% in real terms. However, improving European economic conditions and government investment in roads, railways and airports will drive the industry over the forecast period (2016–2020). According to the Swiss Federal Statistical Office (FSO), the seasonally adjusted average construction production index declined by 3.1%; from 104.1 in 2014 to 100.9 in 2015, whereas the seasonally adjusted average construction turnover index declined by 3.5%, from 107.7 to 103.9 during the same period.
As robust and modern transport infrastructure is vital for the growth and competitiveness of an economy, and the Swiss government is focusing more on infrastructure development. Accordingly, it plans to launch the EC250 high-speed train to connect Basel and Milan by 2019. In real terms, the industry’s output value is forecast to rise at a compound annual growth rate (CAGR) of 1.87% over the forecast period; compared to 1.39% during the review period (2011–2015)
•To reduce traffic congestion, the government is focusing on the expansion of railway lines. Accordingly, in 2015, it increased railway expenditure by 15.0%, from CHF6.6 billion (US$7.0 billion) during 2013–2016 to CHF7.6 billion (US$8.0 billion) for 2017–2020. Under the Geneva 2030 rail expansion project, it plans to invest CHF3.0 billion (US$3.2 billion) in expanding the network within Geneva by 2030.
The residential construction market is expected to benefit from declining mortgage interest rates. According to the Swiss National Bank, the average variable mortgage interest rate declined from 2.89% in 2014 to 2.88% in 2015, while the average fixed mortgage interest rate decreased from 1.6% in 2014 to 1.5% in 2015.
Under the Energy Strategy 2050 program, the government is planning to meet the country’s rising electricity demand through clean energy. Under this strategy, it aims to reduce fossil fuels by focusing on energy efficiency and the expansion of renewable sources by 2020. It will produce 2,000GWh of hydroelectricity through hydropower plants by 2020 and will attempt to generate 4,000GWh of electricity through wind energy.
TABLE OF CONTENT
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
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Source: EIN Presswire