Construction in Colombia - Key Trends and Opportunities to 2021

Published: Jan, 2018 | Pages: 73 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Synopsis

While the Colombian construction industry registered growth in real terms of 3.7% and 4.1% in 2015 and 2016 respectively, the country's construction industry is expected to experience a slowdown in output value during the early part of the forecast period (2017-2021). This reflects both weak economic activity and uncertainty generated by ongoing corruption investigations. Weak oil prices and political instability in the wake of the upcoming presidential election in 2018 are also expected to adversely affect the growth of the construction industry in the early part of the forecast period.

Although the probable weak performance of the oil and mining sector is expected to hamper growth throughout 2017-2018, the construction industry's value is expected to improve in the latter part of the forecast period. Nevertheless, the pace of growth will remain slow, averaging 2.8% a year in real terms during 2018-2021. 

Government investment in airport, railway lines, roads, bridges and tunnels under the Fourth Generation (4G) program is expected to drive the growth of the industry over the forecast period. The industry's expansion is also expected to be supported by a revival in investor confidence over the forecast period, adding momentum to the flow of public and private sector investments in transport, residential, commercial and energy infrastructure projects.

Summary

Timetric's Construction in Colombia - Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the Colombian construction industry, including:

• The Colombian construction industry's growth prospects by market, project type and construction activity

• Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Colombian construction industry

• Profiles of the leading operators in the Colombian construction industry

Scope

This report provides a comprehensive analysis of the construction industry in Colombia. It provides:

• Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Colombia using construction output and value-add methods

• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

• Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

• Detailed profiles of the leading construction companies in Colombia

Reasons To Buy

• Identify and evaluate market opportunities using Timetric's standardized valuation and 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 strategy using Timetric's critical and actionable insight.

• Assess business risks, including cost, regulatory and competitive pressures.

• Evaluate competitive risk and success factors.

Key Highlights

• Timetric expects the infrastructure construction market to retain its leading position over the forecast period, with a share of 41.4% of the industry's total value in 2021. To improve and expand the toll-road network across the country, reduce travel time and increase access, Agencia Nacional de Infraestructura (ANI) is seeking to invest COP76.4 trillion (US$25.0 billion) on road infrastructure projects under the 4G Road Infrastructure Program by 2021. 
 
• The government is focusing on the development of the energy infrastructure, with an aim to improve country's power generation capacity. According to the government, the country's total installed electric power generation capacity is expected to increase from 16,501MW in 2016 to 25,188MW in 2028. The government is planning to develop various power generation projects across the country, with a particular emphasis on hydro power.

• Timetric expects residential construction market output to record a forecast-period CAGR of 5.23% in nominal terms, driven by public and private sector investments in the construction of new residential buildings to meet the increasing demand for housing. Under the Housing Development Program, the Ministry of Housing City and Territory plans to develop residential buildings in Colombia. In order to provide low-cost housing facilities to people, the program involves the construction of 450,000 housing units across the country and related infrastructure by 2021.

• To improve the transport network in Bogota, the government is focusing more on the improvement of transport infrastructure in a bid to reduce traffic congestion, fulfill the demands of the growing population and support economic growth. Accordingly, in January 2017, the government allocated COP15.0 trillion (US$5.1 billion) for the development of urban transport projects in the capital, with a particular focus on the metro line project.

• The government's commitment to pursuing quality development and continuous expenditure on the education sector is expected to support the market's growth. The development of the country's education sector is a government priority. Accordingly, the government allocated 15.7% of its 2018 budget - COP37.0 trillion (US$12.6 billion) - to improve the country's education system.

 Table of Contents

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
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: Constructora Conconcreto SA
5.1 Constructora Conconcreto SA - Company Overview
5.2 Constructora Conconcreto SA - Main Services
5.3 Constructora Conconcreto SA - History
5.4 Constructora Conconcreto SA - Company Information
5.4.1 Constructora Conconcreto SA - key competitors
5.4.2 Constructora Conconcreto SA - key employees
6 Company Profile: A.R. Construcciones SAS
6.1 A.R. Construcciones SAS - Company Overview
6.2 A.R. Construcciones SAS - Main Services
6.3 A.R. Construcciones SAS - History
6.4 A.R. Construcciones SAS - Company Information
6.4.1 A.R. Construcciones SAS - key competitors
6.4.2 A.R. Construcciones SAS - key employees
7 Company Profile: Montecz SA
7.1 Montecz SA - Company Overview
7.2 Montecz SA - Main Services
7.3 Montecz SA - Company Information
7.3.1 Montecz SA - key competitors
8 Company Profile: Constructora Colpatria SA
8.1 Constructora Colpatria SA - Company Overview
8.2 Constructora Colpatria SA - Main Services
8.3 Constructora Colpatria SA - History
8.4 Constructora Colpatria SA - Company Information
8.4.1 Constructora Colpatria SA - key competitors
8.4.2 Constructora Colpatria SA - key employees
9 Company Profile: Marval SA
9.1 Marval SA - Company Overview
9.2 Marval SA - Main Services
9.3 Marval SA - History
9.4 Marval SA - Company Information
9.4.1 Marval SA - key competitors
9.4.2 Marval SA - key employees
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetric's Services
10.7 Disclaimer

List of Tables

Table 1: Colombian Construction Output by Project Type (COP Billion), 2012-2016
Table 2: Colombian Construction Output by Project Type (COP Billion), 2016-2021
Table 3: Colombian Construction Output by Cost Type (COP Billion), 2012-2016
Table 4: Colombian Construction Output by Cost Type (COP Billion), 2016-2021
Table 5: Colombian Construction Output by Activity Type (COP Billion), 2012-2016
Table 6: Colombian Construction Output by Activity Type (COP Billion), 2016-2021
Table 7: Colombian Construction Value Add by Project Type (COP Billion), 2012-2016
Table 8: Colombian Construction Value Add by Project Type (COP Billion), 2016-2021
Table 9: Colombian Commercial Construction Output by Project Type (COP Billion), 2012-2016
Table 10: Colombian Commercial Construction Output by Project Type (COP Billion), 2016-2021
Table 11: Colombian Commercial Construction Output by Cost Type (COP Billion), 2012-2016
Table 12: Colombian Commercial Construction Output by Cost Type (COP Billion), 2016-2021
Table 13: Colombian Commercial Construction Output by Activity Type (COP Billion), 2012-2016
Table 14: Colombian Commercial Construction Output by Activity Type (COP Billion), 2016-2021
Table 15: Colombian Commercial Construction Value Add by Project Type (COP Billion), 2012-2016
Table 16: Colombian Commercial Construction Value Add by Project Type (COP Billion), 2016-2021
Table 17: Colombian Industrial Construction Output by Project Type (COP Billion), 2012-2016
Table 18: Colombian Industrial Construction Output by Project Type (COP Billion), 2016-2021
Table 19: Colombian Industrial Construction Output by Cost Type (COP Billion), 2012-2016
Table 20: Colombian Industrial Construction Output by Cost Type (COP Billion), 2016-2021
Table 21: Colombian Industrial Construction Output by Activity Type (COP Billion), 2012-2016
Table 22: Colombian Industrial Construction Output by Activity Type (COP Billion), 2016-2021
Table 23: Colombian Industrial Construction Value Add by Project Type (COP Billion), 2012-2016
Table 24: Colombian Industrial Construction Value Add by Project Type (COP Billion), 2016-2021
Table 25: Colombian Infrastructure Construction Output by Project Type (COP Billion), 2012-2016
Table 26: Colombian Infrastructure Construction Output by Project Type (COP Billion), 2016-2021
Table 27: Colombian Infrastructure Construction Output by Cost Type (COP Billion), 2012-2016
Table 28: Colombian Infrastructure Construction Output by Cost Type (COP Billion), 2016-2021
Table 29: Colombian Infrastructure Construction Output by Activity Type (COP Billion), 2012-2016
Table 30: Colombian Infrastructure Construction Output by Activity Type (COP Billion), 2016-2021
Table 31: Colombian Infrastructure Construction Value Add by Project Type (COP Billion), 2012-2016
Table 32: Colombian Infrastructure Construction Value Add by Project Type (COP Billion), 2016-2021
Table 33: Colombian Energy and Utilities Construction Output by Project Type (COP Billion), 2012-2016
Table 34: Colombian Energy and Utilities Construction Output by Project Type (COP Billion), 2016-2021
Table 35: Colombian Energy and Utilities Construction Output by Cost Type (COP Billion), 2012-2016
Table 36: Colombian Energy and Utilities Construction Output by Cost Type (COP Billion), 2016-2021
Table 37: Colombian Energy and Utilities Construction Output by Activity Type (COP Billion), 2012-2016
Table 38: Colombian Energy and Utilities Construction Output by Activity Type (COP Billion), 2016-2021
Table 39: Colombian Energy and Utilities Construction Value Add by Project Type (COP Billion), 2012-2016
Table 40: Colombian Energy and Utilities Construction Value Add by Project Type (COP Billion), 2016-2021
Table 41: Colombian Institutional Construction Output by Project Type (COP Billion), 2012-2016
Table 42: Colombian Institutional Construction Output by Project Type (COP Billion), 2016-2021
Table 43: Colombian Institutional Construction Output by Cost Type (COP Billion), 2012-2016
Table 44: Colombian Institutional Construction Output by Cost Type (COP Billion), 2016-2021
Table 45: Colombian Institutional Construction Output by Activity Type (COP Billion), 2012-2016
Table 46: Colombian Institutional Construction Output by Activity Type (COP Billion), 2016-2021
Table 47: Colombian Institutional Construction Value Add by Project Type (COP Billion), 2012-2016
Table 48: Colombian Institutional Construction Value Add by Project Type (COP Billion), 2016-2021
Table 49: Colombian Residential Construction Output by Project Type (COP Billion), 2012-2016
Table 50: Colombian Residential Construction Output by Project Type (COP Billion), 2016-2021
Table 51: Colombian Residential Construction Output by Cost Type (COP Billion), 2012-2016
Table 52: Colombian Residential Construction Output by Cost Type (COP Billion), 2016-2021
Table 53: Colombian Residential Construction Output by Activity Type (COP Billion), 2012-2016
Table 54: Colombian Residential Construction Output by Activity Type (COP Billion), 2016-2021
Table 55: Colombian Residential Construction Value Add by Project Type (COP Billion), 2012-2016
Table 56: Colombian Residential Construction Value Add by Project Type (COP Billion), 2016-2021
Table 57: Constructora Conconcreto SA, Key Facts
Table 58: Constructora Conconcreto SA, Main Services
Table 59: Constructora Conconcreto SA, History
Table 60: Constructora Conconcreto SA, Key Employees
Table 61: A.R. Construcciones SAS, Key Facts
Table 62: A.R. Construcciones SAS, Main Services
Table 63: A.R. Construcciones SAS, History
Table 64: A.R. Construcciones SAS, Key Employees
Table 65: Montecz SA, Key Facts
Table 66: Montecz SA, Main Services
Table 67: Constructora Colpatria SA, Key Facts
Table 68: Constructora Colpatria SA, Main Services
Table 69: Constructora Colpatria SA, History
Table 70: Constructora Colpatria SA, Key Employees
Table 71: Marval SA, Key Facts
Table 72: Marval SA, Main Services
Table 73: Marval SA, History
Table 74: Marval SA, Key Employees
Table 75: Timetric Construction Market Definitions