Published on : Dec 07, 2017
Albany, New York, December 7, 2017: Based on residential construction market in Oman, a new report titled “Residential Construction Market in Oman: Market Size, Growth and Forecast Analytics to 2021” has been added into the repository of Market Research Hub (MRH). The report analyzes historical data and forecasts future value for residential construction market in Oman during assessment period 2017 to 2021. The informative study shares revenue generated in USD and CAGR for residential construction market during 2016 and compares with value generated in 2015.
The study examines data related to residential and construction market and bifurcates the analysis of data in terms of construction activity and cost type. The construction segment is further divided into new construction, repair and maintenance, refurbishment and demolition. Similarly, the cost type segment is also categorized into construction materials, construction equipment and construction services. The construction segment of residential construction market including its sub-segments also covers houses, bungalows, cottages, townhouses, condominiums, sub-divisions, single-unit dwellings, and apartments. For in-depth analysis, the reports also divides the residential construction market into single-family housing and multi-family housing.
The report works as an essential tool for existing players and new entrants to enter the market in Oman residential construction market. The key information provided in the report enhances reader’s knowledge of residential construction market in Oman.
The residential construction market in Oman is also likely to be influenced by macroeconomic trends impacting the GCC and Middle East. The prevailing low oil prices can have an impact on the investor confidence, as consumer spending has gone down since the oil crisis has taken shape. The broader developments in the oil & gas sector of GCC are linked to the residential construction sector, owing to the heavy dependence of the economy on oil exports. However, as export revenues have fallen, the residential construction market has faced increasing pressures. The residential construction market is also projected to be impacted by the macro trends in the construction sector. Public and private investment in infrastructure has played a key role in the development of infrastructure in Oman, and the residential sector will continue to be influenced by these trends.
The report has been compiled after exhaustive research and robust methodology. Stakeholders can expect a wealth of information from the research, with key information on the growth rate of the residential construction market.
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