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Published: Oct, 2016 | Pages:
76 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)
Synopsis Construction activity in Greece was weak during the review period (2011-2015) following the economic crisis, which resulted in a deteriorating business environment. Weak economic conditions, public spending cuts, poor fixed-capital investments and a high rate of unemployment had a negative impact on the construction industry during this period. The industry is expected to remain subdued during 2016; the government is expected to cut down its expenditure due to high levels of public debt. The industry is expected to bounce back, however, and register positive growth in 2017, driven by the government's effort to revitalize economic growth, coupled with substantial financial assistance coming through bailouts from major organizations such as the European Union (EU) and the International Monetary Fund (IMF). Over the forecast period, the industry is also expected to be supported by gradual improvements in business confidence, as well as subsequent public and private sector investments in transport, residential and commercial construction projects. The industry's output value is expected to rise at a compound annual growth rate (CAGR) of 1.02% in real terms over the forecast period (2016-2020); up from -14.09% during the review period. Summary Timetric's Construction in Greece - Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the Greek construction industry, including: • The Greek construction industry's growth prospects by market, project type and construction activity • Analysis of equipment, material and service costs for each project type in Greece • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Greek construction industry • Profiles of the leading operators in the Greek construction industry • Data highlights of the largest construction projects in Greece Scope This report provides a comprehensive analysis of the construction industry in Greece. It provides: • Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in Greece using construction output and value-add methods • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type • 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) • Analysis of key construction industry issues, including regulation, cost management, funding and pricing • Detailed profiles of the leading construction companies in Greece 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 the wake of the country's poor economic performance between 2011 and 2015, the European Investment Bank's (EIB) financial assistance enabled the government to support investments in various sectors, including the transport, energy, industrial and health and education sectors. During the 2011-2015 period, the EIB provided a total investment of EUR5.9 billion (US$6.6 billion) to the country. • In a bid to boost the Greek economy, in May 2016 the Government Council for Economic Policy approved 42 investment projects worth EUR5.4 billion (US$6.0 billion) across the transport, energy, tourism, research and development, and information and technology sectors. • In March 2016, the EU granted approval for the implementation of the Trans Adriatic Pipeline project in Greece. The 878km-long new gas pipeline project, which constitutes a part of the Southern Gas Corridor, will enable the transmission of Caspian natural gas to the European countries, passing through Greece, Albania and the Adriatic Sea. The total investment of the project is estimated at EUR5.0 billion (US$5.6 billion), while investment in Greece amounts to over EUR2.3 billion (US$2.6 billion). The project is expected to be completed in 2020. • In a bid to revitalize economic growth and attract investments into the country's residential property sector, the government aims to attract a greater number of immigrants into the country. Accordingly, the government has intensified its efforts by providing a five-year residential permit to non-EU citizens who would invest in real estate worth EUR250,000 (US$331,935.2) or more in the country. The government's move is expected to attract foreign investments in the Greek residential property sector over the forecast period. • With an aim to improve the efficiency of electricity networks across Greek islands, the EIB announced investments worth EUR285.0 million (US$316.6 million) in November 2015 for the implementation of various energy projects. These investments include the construction of high voltage power stations, and the upgrade of metering systems and other related infrastructural facilities in Dodecanese, Diapontia and the Cyclades Islands.
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: Consolidated Contractors Company 5.1 Consolidated Contractors Company - Company Overview 5.2 Consolidated Contractors Company - Business Description 5.3 Consolidated Contractors Company, Main Services 5.4 Consolidated Contractors Company - History 5.5 Consolidated Contractors Company - Company Information 5.5.1 Consolidated Contractors Company - key competitors 5.5.2 Consolidated Contractors Company - key employees 6 Company Profile: Ellaktor SA 6.1 Ellaktor SA - Company Overview 6.2 Ellaktor SA - Business Description 6.3 Ellaktor SA - Main Services 6.4 Ellaktor SA - History 6.5 Ellaktor SA - Company Information 6.5.1 Ellaktor SA - key competitors 6.5.2 Ellaktor SA - key employees 7 Company Profile: GEK TERNA Group of Companies 7.1 GEK TERNA Group of Companies - Company Overview 7.2 GEK TERNA Group of Companies - Main Services 7.3 GEK TERNA Group of Companies - History 7.4 GEK TERNA Group of Companies - Company Information 7.4.1 GEK TERNA Group of Companies - key competitors 7.4.2 GEK TERNA Group of Companies - key employees 8 Company Profile: Metka Industrial - CONSTRUCTION SA 8.1 Metka Industrial - CONSTRUCTION SA - Company Overview 8.2 Metka Industrial - CONSTRUCTION SA - Main Products and Services 8.3 Metka Industrial - CONSTRUCTION SA - History 8.4 Metka Industrial - CONSTRUCTION SA - Company Information 8.4.1 Metka Industrial - CONSTRUCTION SA - key competitors 8.4.2 Metka Industrial - CONSTRUCTION SA - key employees 9 Company Profile: J&P - Avax SA 9.1 J&P - Avax SA - Company Overview 9.2 J&P - Avax SA - Business Description 9.3 J&P - Avax SA - Main Products and Services 9.4 J&P - Avax SA - History 9.5 J&P - Avax SA - Company Information 9.5.1 J&P - Avax SA - key competitors 9.5.2 J&P - Avax 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: Greek Construction Output by Project Type (EUR Million), 2011-2015 Table 2: Greek Construction Output by Project Type (EUR Million), 2015-2020 Table 3: Greek Construction Output by Cost Type (EUR Million), 2011-2015 Table 4: Greek Construction Output by Cost Type (EUR Million), 2015-2020 Table 5: Greek Construction Output by Activity Type (EUR Million), 2011-2015 Table 6: Greek Construction Output by Activity Type (EUR Million), 2015-2020 Table 7: Greek Construction Value Add by Project Type (EUR Million), 2011-2015 Table 8: Greek Construction Value Add by Project Type (EUR Million), 2015-2020 Table 9: Greek Commercial Construction Output by Project Type (EUR Million), 2011-2015 Table 10: Greek Commercial Construction Output by Project Type (EUR Million), 2015-2020 Table 11: Greek Commercial Construction Output by Cost Type (EUR Million), 2011-2015 Table 12: Greek Commercial Construction Output by Cost Type (EUR Million), 2015-2020 Table 13: Greek Commercial Construction Output by Activity Type (EUR Million), 2011-2015 Table 14: Greek Commercial Construction Output by Activity Type (EUR Million), 2015-2020 Table 15: Greek Commercial Construction Value Add by Project Type (EUR Million), 2011-2015 Table 16: Greek Commercial Construction Value Add by Project Type (EUR Million), 2015-2020 Table 17: Greek Industrial Construction Output by Project Type (EUR Million), 2011-2015 Table 18: Greek Industrial Construction Output by Project Type (EUR Million), 2015-2020 Table 19: Greek Industrial Construction Output by Cost Type (EUR Million), 2011-2015 Table 20: Greek Industrial Construction Output by Cost Type (EUR Million), 2015-2020 Table 21: Greek Industrial Construction Output by Activity Type (EUR Million), 2011-2015 Table 22: Greek Industrial Construction Output by Activity Type (EUR Million), 2015-2020 Table 23: Greek Industrial Construction Value Add by Project Type (EUR Million), 2011-2015 Table 24: Greek Industrial Construction Value Add by Project Type (EUR Million), 2015-2020 Table 25: Greek Infrastructure Construction Output by Project Type (EUR Million), 2011-2015 Table 26: Greek Infrastructure Construction Output by Project Type (EUR Million), 2015-2020 Table 27: Greek Infrastructure Construction Output by Cost Type (EUR Million), 2011-2015 Table 28: Greek Infrastructure Construction Output by Cost Type (EUR Million), 2015-2020 Table 29: Greek Infrastructure Construction Output by Activity Type (EUR Million), 2011-2015 Table 30: Greek Infrastructure Construction Output by Activity Type (EUR Million), 2015-2020 Table 31: Greek Infrastructure Construction Value Add by Project Type (EUR Million), 2011-2015 Table 32: Greek Infrastructure Construction Value Add by Project Type (EUR Million), 2015-2020 Table 33: Greek Energy and Utilities Construction Output by Project Type (EUR Million), 2011-2015 Table 34: Greek Energy and Utilities Construction Output by Project Type (EUR Million), 2015-2020 Table 35: Greek Energy and Utilities Construction Output by Cost Type (EUR Million), 2011-2015 Table 36: Greek Energy and Utilities Construction Output by Cost Type (EUR Million), 2015-2020 Table 37: Greek Energy and Utilities Construction Output by Activity Type (EUR Million), 2011-2015 Table 38: Greek Energy and Utilities Construction Output by Activity Type (EUR Million), 2015-2020 Table 39: Greek Energy and Utilities Construction Value Add by Project Type (EUR Million), 2011-2015 Table 40: Greek Energy and Utilities Construction Value Add by Project Type (EUR Million), 2015-2020 Table 41: Greek Institutional Construction Output by Project Type (EUR Million), 2011-2015 Table 42: Greek Institutional Construction Output by Project Type (EUR Million), 2015-2020 Table 43: Greek Institutional Construction Output by Cost Type (EUR Million), 2011-2015 Table 44: Greek Institutional Construction Output by Cost Type (EUR Million), 2015-2020 Table 45: Greek Institutional Construction Output by Activity Type (EUR Million), 2011-2015 Table 46: Greek Institutional Construction Output by Activity Type (EUR Million), 2015-2020 Table 47: Greek Institutional Construction Value Add by Project Type (EUR Million), 2011-2015 Table 48: Greek Institutional Construction Value Add by Project Type (EUR Million), 2015-2020 Table 49: Greek Residential Construction Output by Project Type (EUR Million), 2011-2015 Table 50: Greek Residential Construction Output by Project Type (EUR Million), 2015-2020 Table 51: Greek Residential Construction Output by Cost Type (EUR Million), 2011-2015 Table 52: Greek Residential Construction Output by Cost Type (EUR Million), 2015-2020 Table 53: Greek Residential Construction Output by Activity Type (EUR Million), 2011-2015 Table 54: Greek Residential Construction Output by Activity Type (EUR Million), 2015-2020 Table 55: Greek Residential Construction Value Add by Project Type (EUR Million), 2011-2015 Table 56: Greek Residential Construction Value Add by Project Type (EUR Million), 2015-2020 Table 57: Consolidated Contractors Company, Key Facts Table 58: Consolidated Contractors Company, Main Services Table 59: Consolidated Contractors Company, History Table 60: Consolidated Contractors Company, Key Employees Table 61: Ellaktor SA, Key Facts Table 62: Ellaktor SA, Main Services Table 63: Ellaktor SA, History Table 64: Ellaktor SA, Key Employees Table 65: GEK TERNA Group of Companies, Key Facts Table 66: GEK TERNA Group of Companies, Main Services Table 67: GEK TERNA Group of Companies, History Table 68: GEK TERNA Group of Companies, Key Employees Table 69: Metka Industrial - CONSTRUCTION SA, Key Facts Table 70: Metka Industrial - CONSTRUCTION SA, Main Products and Services Table 71: Metka Industrial - CONSTRUCTION SA, History Table 72: Metka Industrial - CONSTRUCTION SA, Key Employees Table 73: J&P - Avax SA, Key Facts Table 74: J&P - Avax SA, Main Products and Services Table 75: J&P - Avax SA, History Table 76: J&P - Avax SA, Key Employees Table 77: 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