Published on : Oct 18, 2019
Albany, New York, October 18, 2019: Portugal’s construction industry is witnessing a steady rate of growth in recent years, which can be largely attributed to the increases in private consumption, falling unemployment rates, growing wages, and increases in the levels of disposable income for the local populace.
The Portuguese construction industry is expected to be aided by the increased focus of the government on the development of transport infrastructure for cross-border logistics and travel. For instance, the government has revealed plans to build a Southern European Rail Line with the intention of creating a connection between Elvas to Evora. Such major projects will aid in sustaining the growth of the industry in the long term.
In addition the government of Portugal is also investing on infrastructural development for renewable energy projects. This is augmented by public and private sector funding and the increasing number of building permits being issued in the country.
A study of the Spanish retail industry is compiled and published in the report titled, “Construction in Portugal - Key Trends and Opportunities to 2023” that has been added to the massive research repository of Market Research Hub (MRH).
The infrastructure construction segment in the Portuguese market is expected to dominate in the industry through the forecast period, accounting for close to 40 per cent of the overall activity. This trend can be widely attributed towards the government’s efforts to bolster national port infrastructure to increase trade logistics.
In addition, the government has also recently approved the 10 year National Investment Program, which comprises major investments in the field of irrigation, transport, environment and energy projects, which will also contribute to the growth of the construction industry here. Constructions will however, change to meet the new objectives becoming a carbon neutral country by 2050.
Construction in Portugal to 2023: Report Overview
The report on the construction in Portugal market to 2023 provides the readers with a detailed analysis on the landscape of construction in Portugal. Industry-based forecasting models include a full analysis of the research publication and primary interviews with industry participants in addition to consumer data.
The report also includes detailed interviews conducted by leading market analysts with industry savants, construction experts and industry analysts to provide key validations of the operational volume and relevant assumptions in the study.
The construction in Portugal industry report to 2023 foresees the performance of the market progress in terms of volumes forecast by different categories including marketing, technology, and costs, in addition to factors such as the rise of the Portuguese 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 construction in Portugal market are provided in the report. Assessment of supply-demand equation, pricing analysis, market expansion strategies, and barriers to market entry, makes the report a highly credible source of data for business professionals interested in the construction in Portugal market.
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