Construction in Ireland - Key Trends and Opportunities to 2021

Published: Nov, 2017 | Pages: 75 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Summary
The Irish construction industry is expected to continue to grow over the forecast period. Industry growth will be supported by the Capital Investment Plan 2016-2021 and Action Plan for Rural Development, as well as population growth, urbanization, and government policies with regards to public-private partnership (PPPs). Growth in the construction industry is also expected to be driven by the government's initiatives to provide affordable housing units to the low- and middle-income population, coupled with a plan to increase the share of renewable energy in the nation's overall energy mix. 

Under the Capital Investment Plan 2016-2021, the government plans to invest EUR42.0 billion (US$44.6 billion) to develop the country's overall infrastructure by 2021. Accordingly, the government plans to invest EUR3.0 billion (US$3.3 billion) on the construction of residential units across the country by 2021.

Under the Action Plan for Rural Development, the government plans to improve both the economic and social conditions of rural Ireland. Accordingly, with an investment of EUR435.0 million (US$481.0 million), the government plans to construct 90 public nursing facilities and community hospitals in rural areas by 2021. 

The industry's output value is expected to grow at a compound annual growth rate (CAGR) of 7.29% in real terms over the forecast period.

Synopsis

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

• The Irish 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 Irish construction industry

• Profiles of the leading operators in the Irish construction industry

Scope

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

• Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Ireland 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 Ireland

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 residential construction market to retain its position as the largest sector over the forecast period, accounting for 39.2% of the industry's total value in 2021, driven by the government's efforts to build affordable houses for middle- and low-income citizens, coupled with country's rising population and increasing urbanization, as well as positive developments in regional economic conditions. 
 
• The government is investing in tourism infrastructure with an aim to increase tourist arrivals in the country, which in turn will support the growth of the commercial construction market over the forecast period. The government plans to invest EUR106.0 million (US$112.5 million) on the tourism sector by 2022.

• Foreign direct investment (FDI) has been vital to Ireland's economic growth. In a bid to accelerate the flow of FDI, in March 2017 the government launched the Ireland Connected strategy, with an aim to attract foreign manufacturing companies and increase country exports. Under this strategy, the government plans to increase export values by 26.0%, up from EUR20.6 billion (US$22.9 billion) in 2015 to EUR26.0 billion (US$28.8 billion) in 2020. This is expected to support the construction activity in the industrial sector.

• Timetric expects the infrastructure construction market to grow at a CAGR of 8.95% in nominal terms, driven by the government's focus on the development of fast and reliant transport infrastructure. Under the Capital Investment Program 2016-2021, the government plans to invest EUR12.0 billion (US$13.3 billion) on the development of transport infrastructure through the PPP model by 2021.

• Under the Renewable Energy Action Plan, the government plans to produce 40.0%, 12.0% and 10.0% of the country's total electricity, heat and transport consumption from renewable sources respectively by 2020. This is expected to drive the growth of energy and utility construction market over the forecast period.

 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: SISK Group
5.1 SISK Group - Company Overview
5.2 SISK Group - Business Description
5.3 SISK Group - Main Services
5.4 SISK Group - History
5.5 SISK Group - Company Information
5.5.1 SISK Group - key competitors
5.5.2 SISK Group - key employees
6 Company Profile: Mercury Engineering
6.1 Mercury Engineering - Company Overview
6.2 Mercury Engineering - Main Services
6.3 Mercury Engineering - History
6.4 Mercury Engineering - Company Information
6.4.1 Mercury Engineering - key competitors
6.4.2 Mercury Engineering - key employees
7 Company Profile: Coffey Construction Ltd
7.1 Coffey Construction Ltd - Company Overview
7.2 Coffey Construction Ltd - Main Services
7.3 Coffey Construction Ltd - History
7.4 Coffey Construction Ltd - Company Information
7.4.1 Coffey Construction Ltd - key competitors
7.4.2 Coffey Construction Ltd - key employees
8 Company Profile: Bakkala Consulting Engineers
8.1 Bakkala Consulting Engineers - Company Overview
8.2 Bakkala Consulting Engineers - Main Services
8.3 Bakkala Consulting Engineers - Company Information
8.3.1 Bakkala Consulting Engineers - key competitors
8.3.2 Bakkala Consulting Engineers - key employees
9 Company Profile: ABM Construction Ltd
9.1 ABM Construction Ltd - Company Overview
9.2 ABM Construction Ltd - Main Services
9.3 ABM Construction Ltd - History
9.4 ABM Construction Ltd - Company Information
9.4.1 ABM Construction Ltd - key competitors
9.4.2 ABM Construction Ltd - 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: Irish Construction Output by Project Type (EUR Million), 2012-2016
Table 2: Irish Construction Output by Project Type (EUR Million), 2016-2021
Table 3: Irish Construction Output by Cost Type (EUR Million), 2012-2016
Table 4: Irish Construction Output by Cost Type (EUR Million), 2016-2021
Table 5: Irish Construction Output by Activity Type (EUR Million), 2012-2016
Table 6: Irish Construction Output by Activity Type (EUR Million), 2016-2021
Table 7: Irish Construction Value Add by Project Type (EUR Million), 2012-2016
Table 8: Irish Construction Value Add by Project Type (EUR Million), 2016-2021
Table 9: Irish Commercial Construction Output by Project Type (EUR Million), 2012-2016
Table 10: Irish Commercial Construction Output by Project Type (EUR Million), 2016-2021
Table 11: Irish Commercial Construction Output by Cost Type (EUR Million), 2012-2016
Table 12: Irish Commercial Construction Output by Cost Type (EUR Million), 2016-2021
Table 13: Irish Commercial Construction Output by Activity Type (EUR Million), 2012-2016
Table 14: Irish Commercial Construction Output by Activity Type (EUR Million), 2016-2021
Table 15: Irish Commercial Construction Value Add by Project Type (EUR Million), 2012-2016
Table 16: Irish Commercial Construction Value Add by Project Type (EUR Million), 2016-2021
Table 17: Irish Industrial Construction Output by Project Type (EUR Million), 2012-2016
Table 18: Irish Industrial Construction Output by Project Type (EUR Million), 2016-2021
Table 19: Irish Industrial Construction Output by Cost Type (EUR Million), 2012-2016
Table 20: Irish Industrial Construction Output by Cost Type (EUR Million), 2016-2021
Table 21: Irish Industrial Construction Output by Activity Type (EUR Million), 2012-2016
Table 22: Irish Industrial Construction Output by Activity Type (EUR Million), 2016-2021
Table 23: Irish Industrial Construction Value Add by Project Type (EUR Million), 2012-2016
Table 24: Irish Industrial Construction Value Add by Project Type (EUR Million), 2016-2021
Table 25: Irish Infrastructure Construction Output by Project Type (EUR Million), 2012-2016
Table 26: Irish Infrastructure Construction Output by Project Type (EUR Million), 2016-2021
Table 27: Irish Infrastructure Construction Output by Cost Type (EUR Million), 2012-2016
Table 28: Irish Infrastructure Construction Output by Cost Type (EUR Million), 2016-2021
Table 29: Irish Infrastructure Construction Output by Activity Type (EUR Million), 2012-2016
Table 30: Irish Infrastructure Construction Output by Activity Type (EUR Million), 2016-2021
Table 31: Irish Infrastructure Construction Value Add by Project Type (EUR Million), 2012-2016
Table 32: Irish Infrastructure Construction Value Add by Project Type (EUR Million), 2016-2021
Table 33: Irish Energy and Utilities Construction Output by Project Type (EUR Million), 2012-2016
Table 34: Irish Energy and Utilities Construction Output by Project Type (EUR Million), 2016-2021
Table 35: Irish Energy and Utilities Construction Output by Cost Type (EUR Million), 2012-2016
Table 36: Irish Energy and Utilities Construction Output by Cost Type (EUR Million), 2016-2021
Table 37: Irish Energy and Utilities Construction Output by Activity Type (EUR Million), 2012-2016
Table 38: Irish Energy and Utilities Construction Output by Activity Type (EUR Million), 2016-2021
Table 39: Irish Energy and Utilities Construction Value Add by Project Type (EUR Million), 2012-2016
Table 40: Irish Energy and Utilities Construction Value Add by Project Type (EUR Million), 2016-2021
Table 41: Irish Institutional Construction Output by Project Type (EUR Million), 2012-2016
Table 42: Irish Institutional Construction Output by Project Type (EUR Million), 2016-2021
Table 43: Irish Institutional Construction Output by Cost Type (EUR Million), 2012-2016
Table 44: Irish Institutional Construction Output by Cost Type (EUR Million), 2016-2021
Table 45: Irish Institutional Construction Output by Activity Type (EUR Million), 2012-2016
Table 46: Irish Institutional Construction Output by Activity Type (EUR Million), 2016-2021
Table 47: Irish Institutional Construction Value Add by Project Type (EUR Million), 2012-2016
Table 48: Irish Institutional Construction Value Add by Project Type (EUR Million), 2016-2021
Table 49: Irish Residential Construction Output by Project Type (EUR Million), 2012-2016
Table 50: Irish Residential Construction Output by Project Type (EUR Million), 2016-2021
Table 51: Irish Residential Construction Output by Cost Type (EUR Million), 2012-2016
Table 52: Irish Residential Construction Output by Cost Type (EUR Million), 2016-2021
Table 53: Irish Residential Construction Output by Activity Type (EUR Million), 2012-2016
Table 54: Irish Residential Construction Output by Activity Type (EUR Million), 2016-2021
Table 55: Irish Residential Construction Value Add by Project Type (EUR Million), 2012-2016
Table 56: Irish Residential Construction Value Add by Project Type (EUR Million), 2016-2021
Table 57: SISK Group, Key Facts
Table 58: SISK Group, Main Services
Table 59: SISK Group, History
Table 60: SISK Group, Key Employees
Table 61: Mercury Engineering, Key Facts
Table 62: Mercury Engineering, Main Services
Table 63: Mercury Engineering, History
Table 64: Mercury Engineering, Key Employees
Table 65: Coffey Construction Ltd, Key Facts
Table 66: Coffey Construction Ltd, Main Services
Table 67: Coffey Construction Ltd, History
Table 68: Coffey Construction Ltd, Key Employees
Table 69: Bakkala Consulting Engineers, Key Facts
Table 70: Bakkala Consulting Engineers, Main Services
Table 71: Bakkala Consulting Engineers, Key Employees
Table 72: ABM Construction Ltd, Key Facts
Table 73: ABM Construction Ltd, Main Services
Table 74: ABM Construction Ltd, History
Table 75: ABM Construction Ltd, Key Employees
Table 76: Timetric Construction Market Definitions