Construction in Ireland: Residential Projects to Dominate Industry through Forecast Period

Published on : Oct 18, 2019

Albany, New York, October 18, 2019: Ireland’s construction industry has been growing rapidly, which has been primarily driven by increasing major developments in the 4 preceding years, with respect to regional economic conditions. Further, investments from the public and private sectors has grown in terms of projects in the fields of transport infrastructure, residential, commercial, and institutional projects.

The average construction production value has witnessed a steady rise, indicative of growth in construction output in recent times. The growth of the average construction production value index has also been corroborated by the Central Statistics of Office of Ireland.

The value of construction production for civil engineering has gone up by almost 30 per cent, on the other hand, a similar value of building constructions. The overall industry is expected to widen through the forecast period till 2023, despite it falling short of the projected rate of growth.

A study of the United States Car Sales industry is compiled and published in the report titled, “Construction in Ireland - Key Trends and Opportunities to 2023” that has been added to the extensive research repository of Market Research Hub (MRH).

The growth of the Irish construction industry is expected to be propelled by the increased effort by the government to bolster the national housing sector and infrastructure for transport. Construction of residential projects has become the segment with the largest share in the Ireland construction industry surpassing 40 per cent of the whole, and is expected to surpass 49 per cent by the end of the forecast period.

Residential construction is followed by commercial construction, infrastructure construction, institutional construction, industrial construction, and ending with utilities and energy construction. Most projects in the current construction industry of Ireland are in the early stage including planning and preplanning phases.

Construction in Ireland: Report Overview

The report on the construction in Ireland to 2023 provides the readers with a comprehensive analysis on the landscape of construction industry operating in the United States. Industry-based forecasting models includes a complete analysis of the research publication and primary interviews with industry participants as well as consumer data.

The report also includes detailed interviews conducted by leading market analysts with industry savants, construction experts and industry analysts to provide essential validations of the production volume and relevant assumptions in the study.

The construction in Ireland report through 2023 foresees the performance of the market progress in terms of volumes forecast by different categories including manufacturing and car purchasing costs, in addition to factors such as the growth of the Irish construction market.

For each of these categories, business development strategies and market projections adopted by key market players for specific strategies has also been added to the report.

Valuable insights which can be helpful for manufacturers operating in the US automobile market are provided in the report. Assessment of barriers to market entry, pricing analysis, market expansion strategies, and supply-demand equation makes the report a highly credible source of information for business professionals interested in the Irish construction market.

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