Construction in Portugal - Key Trends and Opportunities to 2021

Published: Nov, 2017 | Pages: 71 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Summary
Construction activity in Portugal was weak during the review period (2012-2016) due to the impact of the eurozone crisis, which resulted in weak investor confidence and high unemployment rates. A widening budget deficit and subsequent austerity measures implemented by the government reduced investments in construction projects.

The industry experienced a slight recovery during 2015 and 2016, albeit registering a growth of -0.04% and -1.7% in real terms in 2015 and 2016 respectively. This was preceded by an annual average contraction of 10.8% during 2012-2015. This revival could be attributed to the country's economic recovery from the effect of the eurozone crisis.

The recovery is expected to continue over the forecast period (2017-2021), supported by a gradual improvement in economic conditions, export activity and employment rates. The government's aim to develop the country's transport infrastructure and enhance regional connectivity is expected to drive the industry's growth over the forecast period. In real terms, the industry's output value is expected to post a forecast-period CAGR of 3.46%, compared with -5.86% registered during the review period.

Synopsis

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

• The Portuguese 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 Portuguese construction industry

• Profiles of the leading operators in the Portuguese construction industry

Scope

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

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

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

• In a bid to address the growing demand for air travel, in April 2017 the Ministry of Public Work and Transport announced plans to develop a new airport in Montijo, Lisbon with a total investment of EUR4.1 billion (US$4.5 billion).

• Under the Northern Region Urban Development program, in May 2016 the government announced plans to invest EUR310.2 million (US$343.0 million) to support economic growth in the Braganca, Alto Douro region of Vila Real and Tras-os-Montes districts. This includes the construction of various social facilities, healthcare centers and schools in these regions. The government plans to initiate the program in 2018, with completion scheduled in 2021.

• The government's effort to reduce traffic congestion and enhance regional connectivity in urban areas through the development of public transport infrastructure is expected to bode well for the infrastructure construction market over the forecast period. As a part of the National Reform Program, in April 2016 the government announced plans to invest EUR485.0 million (US$536.3 million) until 2020 for the expansion of the metro rail networks in Lisbon and Oporto. According to Timetric, the infrastructure construction market is expected to post a nominal forecast-period CAGR of 5.14%, as compared to -9.84% registered during the review period.

• The government aims to transform the country into a digital economy by 2020. Accordingly, under the National Broadband Strategy 2020, the government announced plans to provide internet accessibility with 30.0Mbps speed to all households; and 100.0Mbps internet speed to at least 50.0% of the total population by 2020. This is expected to drive funding towards telecommunication infrastructure projects over the forecast period.

• Ongoing urbanization in the country is expected to create fresh demand for new residential units over the forecast period. According to Timetric, the residential construction market is expected to increase in importance over the forecast period, to account for 13.1% of the industry's total value in 2021.

 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: SDC Investimentos SGPS SA
5.1 SDC Investimentos SGPS SA - Company Overview
5.2 SDC Investimentos SGPS SA - Business Description
5.3 SDC Investimentos SGPS SA - Main Services
5.4 SDC Investimentos SGPS SA - History
5.5 SDC Investimentos SGPS SA - Company Information
5.5.1 SDC Investimentos SGPS SA - key competitors
5.5.2 SDC Investimentos SGPS SA - key employees
6 Company Profile: Casais - Engenharia e Construcao SA
6.1 Casais - Engenharia e Construcao SA - Company Overview
6.2 Casais - Engenharia e Construcao SA - Main Products and Services
6.3 Casais - Engenharia e Construcao SA - History
6.4 Casais - Engenharia e Construcao SA - Company Information
6.4.1 Casais - Engenharia e Construcao SA - key competitors
6.4.2 Casais - Engenharia e Construcao SA - key employees
7 Company Profile: Conduril - Engenharia SA
7.1 Conduril - Engenharia SA - Company Overview
7.2 Conduril - Engenharia SA - Main Services
7.3 Conduril - Engenharia SA - History
7.4 Conduril - Engenharia SA - Company Information
7.4.1 Conduril - Engenharia SA - key competitors
7.4.2 Conduril - Engenharia SA - key employees
8 Company Profile: Empresa Portuguesa de Obras Subterraneas SA
8.1 Empresa Portuguesa de Obras Subterraneas SA - Company Overview
8.2 Empresa Portuguesa de Obras Subterraneas SA - Main Services
8.3 Empresa Portuguesa de Obras Subterraneas SA - History
8.4 Empresa Portuguesa de Obras Subterraneas SA - Company Information
8.4.1 Empresa Portuguesa de Obras Subterraneas SA - key competitors
8.4.2 Empresa Portuguesa de Obras Subterraneas SA - key employees
9 Company Profile: Mota-Engil SGPS SA
9.1 Mota-Engil SGPS SA - Company Overview
9.2 Mota-Engil SGPS SA - Main Services
9.3 Mota-Engil SGPS SA - History
9.4 Mota-Engil SGPS SA - Company Information
9.4.1 Mota-Engil SGPS SA - key competitors
9.4.2 Mota-Engil SGPS 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: Portuguese Construction Output by Project Type (EUR Million), 2012-2016
Table 2: Portuguese Construction Output by Project Type (EUR Million), 2016-2021
Table 3: Portuguese Construction Output by Cost Type (EUR Million), 2012-2016
Table 4: Portuguese Construction Output by Cost Type (EUR Million), 2016-2021
Table 5: Portuguese Construction Output by Activity Type (EUR Million), 2012-2016
Table 6: Portuguese Construction Output by Activity Type (EUR Million), 2016-2021
Table 7: Portuguese Construction Value Add by Project Type (EUR Million), 2012-2016
Table 8: Portuguese Construction Value Add by Project Type (EUR Million), 2016-2021
Table 9: Portuguese Commercial Construction Output by Project Type (EUR Million), 2012-2016
Table 10: Portuguese Commercial Construction Output by Project Type (EUR Million), 2016-2021
Table 11: Portuguese Commercial Construction Output by Cost Type (EUR Million), 2012-2016
Table 12: Portuguese Commercial Construction Output by Cost Type (EUR Million), 2016-2021
Table 13: Portuguese Commercial Construction Output by Activity Type (EUR Million), 2012-2016
Table 14: Portuguese Commercial Construction Output by Activity Type (EUR Million), 2016-2021
Table 15: Portuguese Commercial Construction Value Add by Project Type (EUR Million), 2012-2016
Table 16: Portuguese Commercial Construction Value Add by Project Type (EUR Million), 2016-2021
Table 17: Portuguese Industrial Construction Output by Project Type (EUR Million), 2012-2016
Table 18: Portuguese Industrial Construction Output by Project Type (EUR Million), 2016-2021
Table 19: Portuguese Industrial Construction Output by Cost Type (EUR Million), 2012-2016
Table 20: Portuguese Industrial Construction Output by Cost Type (EUR Million), 2016-2021
Table 21: Portuguese Industrial Construction Output by Activity Type (EUR Million), 2012-2016
Table 22: Portuguese Industrial Construction Output by Activity Type (EUR Million), 2016-2021
Table 23: Portuguese Industrial Construction Value Add by Project Type (EUR Million), 2012-2016
Table 24: Portuguese Industrial Construction Value Add by Project Type (EUR Million), 2016-2021
Table 25: Portuguese Infrastructure Construction Output by Project Type (EUR Million), 2012-2016
Table 26: Portuguese Infrastructure Construction Output by Project Type (EUR Million), 2016-2021
Table 27: Portuguese Infrastructure Construction Output by Cost Type (EUR Million), 2012-2016
Table 28: Portuguese Infrastructure Construction Output by Cost Type (EUR Million), 2016-2021
Table 29: Portuguese Infrastructure Construction Output by Activity Type (EUR Million), 2012-2016
Table 30: Portuguese Infrastructure Construction Output by Activity Type (EUR Million), 2016-2021
Table 31: Portuguese Infrastructure Construction Value Add by Project Type (EUR Million), 2012-2016
Table 32: Portuguese Infrastructure Construction Value Add by Project Type (EUR Million), 2016-2021
Table 33: Portuguese Energy and Utilities Construction Output by Project Type (EUR Million), 2012-2016
Table 34: Portuguese Energy and Utilities Construction Output by Project Type (EUR Million), 2016-2021
Table 35: Portuguese Energy and Utilities Construction Output by Cost Type (EUR Million), 2012-2016
Table 36: Portuguese Energy and Utilities Construction Output by Cost Type (EUR Million), 2016-2021
Table 37: Portuguese Energy and Utilities Construction Output by Activity Type (EUR Million), 2012-2016
Table 38: Portuguese Energy and Utilities Construction Output by Activity Type (EUR Million), 2016-2021
Table 39: Portuguese Energy and Utilities Construction Value Add by Project Type (EUR Million), 2012-2016
Table 40: Portuguese Energy and Utilities Construction Value Add by Project Type (EUR Million), 2016-2021
Table 41: Portuguese Institutional Construction Output by Project Type (EUR Million), 2012-2016
Table 42: Portuguese Institutional Construction Output by Project Type (EUR Million), 2016-2021
Table 43: Portuguese Institutional Construction Output by Cost Type (EUR Million), 2012-2016
Table 44: Portuguese Institutional Construction Output by Cost Type (EUR Million), 2016-2021
Table 45: Portuguese Institutional Construction Output by Activity Type (EUR Million), 2012-2016
Table 46: Portuguese Institutional Construction Output by Activity Type (EUR Million), 2016-2021
Table 47: Portuguese Institutional Construction Value Add by Project Type (EUR Million), 2012-2016
Table 48: Portuguese Institutional Construction Value Add by Project Type (EUR Million), 2016-2021
Table 49: Portuguese Residential Construction Output by Project Type (EUR Million), 2012-2016
Table 50: Portuguese Residential Construction Output by Project Type (EUR Million), 2016-2021
Table 51: Portuguese Residential Construction Output by Cost Type (EUR Million), 2012-2016
Table 52: Portuguese Residential Construction Output by Cost Type (EUR Million), 2016-2021
Table 53: Portuguese Residential Construction Output by Activity Type (EUR Million), 2012-2016
Table 54: Portuguese Residential Construction Output by Activity Type (EUR Million), 2016-2021
Table 55: Portuguese Residential Construction Value Add by Project Type (EUR Million), 2012-2016
Table 56: Portuguese Residential Construction Value Add by Project Type (EUR Million), 2016-2021
Table 57: SDC Investimentos SGPS SA, Key Facts
Table 58: SDC Investimentos SGPS SA, Main Services
Table 59: SDC Investimentos SGPS SA, History
Table 60: SDC Investimentos SGPS SA, Key Employees
Table 61: Casais - Engenharia e Construcao SA, Key Facts
Table 62: Casais - Engenharia e Construcao SA, Main Products and Services
Table 63: Casais - Engenharia e Construcao SA, History
Table 64: Casais - Engenharia e Construcao SA, Key Employees
Table 65: Conduril - Engenharia SA, Key Facts
Table 66: Conduril - Engenharia SA, Main Services
Table 67: Conduril - Engenharia SA, History
Table 68: Conduril - Engenharia SA, Key Employees
Table 69: Empresa Portuguesa de Obras Subterraneas SA, Key Facts
Table 70: Empresa Portuguesa de Obras Subterraneas SA, Main Services
Table 71: Empresa Portuguesa de Obras Subterraneas SA, History
Table 72: Empresa Portuguesa de Obras Subterraneas SA, Key Employees
Table 73: Mota-Engil SGPS SA, Key Facts
Table 74: Mota-Engil SGPS SA, Main Services
Table 75: Mota-Engil SGPS SA, History
Table 76: Mota-Engil SGPS SA, Key Employees
Table 77: Timetric Construction Market Definitions