Construction in Belarus Key Trends and Opportunities to 2018

Transcription

1 Construction in Belarus Key Trends and Opportunities to 2018 Report Code: CN0219MR Published: November John Carpenter House 7 Carmelite Street London EC4Y 0BS UK Tel: +44 (0) Fax: +44 (0)

2 Summary Synopsis Reasons to Buy This report is the result of extensive market and company research covering the Belarusian construction industry. It provides detailed analysis of both review and forecast construction industry values, at both market and category levels, and also offers project profile analyses. Construction in Belarus Key Trends and Opportunities to 2018 provides a top-level overview and detailed market, category and company-specific insights into the operating environment for construction contractors. It is an essential tool for companies active across the Belarusian construction value chain, and for new competitors considering entering the industry. This report provides detailed market analysis, information and insights into Belarusian construction industry including: Belarusian construction industry's growth prospects by market, project type and type of construction activity Analysis of equipment, material and service costs across each project type within Belarus Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Belarusian construction industry Analyzing the profiles of the leading operators in Belarusian construction industry. Data highlights of the largest construction projects in Belarus Identify and evaluate market opportunities using our 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 business strategies using Timetric's critical and actionable insight Assess business risks, including cost, regulatory and competitive pressures Evaluate competitive risk and success factors Construction in Belarus Key Trends and Opportunities to 2018 Page 1

3 EXECUTIVE SUMMARY 1 EXECUTIVE SUMMARY The Belarusian construction industry posted a compound annual growth rate (CAGR) of XX.XX% during the review period ( ), to value BYRXX.XX trillion (US$XX.XX billion) in This growth was largely due to government initiatives to improve the investment climate, develop the country s transport and logistics infrastructure, meet rising demand for new homes, and construct commercial and retail space. Industry growth is expected to remain strong over the forecast period ( ), as a result of government focus on infrastructure and residential construction. Industry output is expected to post a forecast-period CAGR of XX.XX% to value BYRXX.XX trillion (US$XX.XX billion) in Figure 1: Growth Matrix for Construction Output in Belarusian (%), Note: Bubble size represents market output value in US$ million Construction in Belarus Key Trends and Opportunities to 2018 Page 2

4 MARKET DATA ANALYSIS 2 MARKET DATA ANALYSIS 2.1 Construction Output and Value Add Construction output by project type Table 1: Belarusian Construction Output by Project Type (BYR Million), Project Type (US$ Million) Infrastructure Commercial Residential Industrial Institutional Table 2: Belarusian Construction Output by Project Type (BYR Million), Project Type Infrastructure Commercial Residential Industrial Institutional Figure 2: Belarusian Construction Output by Project Type (BYR Million), Construction in Belarus Key Trends and Opportunities to 2018 Page 3

5 MARKET DATA ANALYSIS Construction output by cost type Table 3: Belarusian Construction Output by Cost Type (BYR Million), Cost Type (US$ Million) Materials Construction services Equipment Total Table 4: Belarusian Construction Output by Cost Type (BYR Million), Cost Type Materials Construction services Equipment Total Figure 3: Belarusian Construction Output by Cost Type (BYR Million), Construction in Belarus Key Trends and Opportunities to 2018 Page 4

6 MARKET DATA ANALYSIS Construction output by activity type Table 5: Belarusian Construction Output by Activity Type (BYR Million), Activity Type (US$ Million) New construction Refurbishment Repair and maintenance Demolition Table 6: Belarusian Construction Output by Activity Type (BYR Million), Activity Type New construction Refurbishment Repair and maintenance Demolition Figure 4: Belarusian Construction Output by Activity Type (BYR Million), Construction in Belarus Key Trends and Opportunities to 2018 Page 5

7 MARKET DATA ANALYSIS Construction value add by project type Table 7: Belarusian Construction Value Add by Project Type (BYR Million), Project Type (US$ Million) Residential Infrastructure Commercial Industrial Institutional Table 8: Belarusian Construction Value Add by Project Type (BYR Million), Project Type Residential Infrastructure Commercial Industrial Institutional Figure 5: Belarusian Construction Value Add by Project Type (BYR Million), Construction in Belarus Key Trends and Opportunities to 2018 Page 6

8 APPENDIX Summary Methodology All Timetric reports are rigorously sourced and created according to a comprehensive, four-stage methodology: 1) Market Study A) Standardization Market definitions are specified using recognized industry classifications. The same definition is used for every country. Annual average currency exchange rates are collected for the latest complete year. These are then applied across both historical and forecast data to remove exchange rate fluctuations. B) Internal audit Review of in-house databases to gather existing data: o Historic market databases and reports o Company database o Construction magazine portfolio o Construction projects database C) Trend monitoring and primary research Review of the latest construction company and project trends Biannual surveys using expert panels compiled from across the construction value chain: o Construction contractors o Equipment and material manufacturers and suppliers o Architects and designers o Project owners and financiers o Project advisors 2) Research A) Sources Collection of the latest market-specific data from a wide variety of respected industry sources: o Government statistics o Industry associations o Company filings o Broker reports o International organizations B) Expert opinion Collation of opinion taken from Timetric journalist interviews of leading industry figures Analysis of third-party opinion and forecasts: o Broker reports o Industry associations o Construction media o Official government sources Construction in Belarus Key Trends and Opportunities to 2018 Page 7

9 APPENDIX C) Data consolidation and verification Consolidation of data and opinion to create historical datasets Creation of models to benchmark data across sectors and geographies 3) Analysis A) Market forecasts Feed of forecast data into market models: o Macroeconomic indicators o Industry-specific drivers Analysis of the Timetric Construction Projects Database to identify trends by sector: o Latest project announcements o Financing shortfalls o Project cancelations and postponements B) Report writing Analysis of market data Discussion of company and industry trends and issues Integration of survey results Annual review of financial deal and construction project trends 4) Quality Control A) Templates Detailed process manuals Standardized report templates and accompanying style guides Complex forecasting tools used to ensure that forecast methodologies are applied consistently Quality-control checklists B) Quality control Competitor review Senior-level quality control Randomized spot checks on data integrity Benchmark checks across databases Market data cross-checked for consistency, with accumulated data from: o Timetric Construction Projects Database o Company filings Construction in Belarus Key Trends and Opportunities to 2018 Page 8

10 APPENDIX Methodology Related Reports Timetric s dedicated research and analysis teams consist of experienced professionals, with an industry background in marketing, market research, consulting and advanced statistical expertise. Timetric adheres to the Codes of Practice of the Market Research Society ( and the Society of Competitive Intelligence Professionals ( All Timetric databases are continuously updated and revised. Construction in France Key Trends and Opportunities to 2018 Construction in Germany Key Trends and Opportunities to 2018 Construction in Italy Key Trends and Opportunities to 2018 Construction in the Netherlands Key Trends and Opportunities to 2018 Construction in Belgium Key Trends and Opportunities to 2018 Construction in Poland Key Trends and Opportunities to 2018 Construction in the Czech Republic Key Trends and Opportunities to 2018 Construction in Sweden Key Trends and Opportunities to 2018 Construction in Austria Key Trends and Opportunities to 2018 Construction in Denmark Key Trends and Opportunities to 2018 Construction in Hungary Key Trends and Opportunities to 2018 Construction in Belarus Key Trends and Opportunities to 2018 Page 9

11 LIST OF TABLES TABLE OF CONTENTS 1 Executive Summary Market Overview Key Trends and Issues Benchmarking by Market Size and Growth Commercial Construction Performance Outlook Key Trends and Issues Data and Project Highlights Industrial Construction Performance Outlook Key Trends and Issues Data and Project Highlights Infrastructure Construction Performance Outlook Key Trends and Issues Data and Project Highlights Institutional Construction Performance Outlook Key Trends and Issues Data and Project Highlights Residential Construction Performance Outlook Key Trends and Issues Data and Project Highlights Company Profile: BNK Holding BNK Holding Company Overview BNK Holding Main Services BNK Holding Company Information BNK Holding key competitors BNK Holding key employee Company Profile: Triple LLC Triple LLC Company Overview Triple LLC Main Products and Services Triple LLC Company Information Triple LLC key competitors Triple LLC key employees Company Profile: ITC Engineering, LLC Construction in Belarus Key Trends and Opportunities to 2018 Page 10

12 LIST OF TABLES 10.1 ITC Engineering, LLC Company Overview ITC Engineering, LLC Main Services ITC Engineering, LLC Company Information ITC Engineering, LLC key competitors ITC Engineering, LLC key employees Company Profile: Belinte-Roba LLC Belinte-Roba LLC Company Overview Belinte-Roba LLC Main Services Belinte-Roba LLC Company Information Belinte-Roba LLC key competitors Company Profile: Iterabelstroi LLC Iterabelstroi LLC Company Overview Iterabelstroi LLC Main Services Iterabelstroi LLC Company Information Iterabelstroi LLC key competitors Market Data Analysis Construction Output and Value Add Construction output by project type Construction output by cost type Construction output by activity type Construction value add by project type Commercial Construction Commercial construction output by project type Commercial construction output by cost type Commercial construction output by activity type Commercial construction value add by project type Industrial Construction Industrial construction output by project type Industrial construction output by cost type Industrial construction output by activity type Industrial construction value add by project type Infrastructure Construction Infrastructure construction output by project type Infrastructure construction output by cost type Infrastructure construction output by activity type Infrastructure construction value add by project type Institutional Construction Institutional construction output by project type Institutional construction output by cost type Institutional construction output by activity type Institutional construction value add by project type Residential Construction Construction in Belarus Key Trends and Opportunities to 2018 Page 11

13 LIST OF TABLES Residential construction output by project type Residential construction output by cost type Residential construction output by activity type Residential construction value add by project type Appendix What is this Report About? Definitions Summary Methodology Methodology Contact Timetric About Timetric Timetric s Services Disclaimer Construction in Belarus Key Trends and Opportunities to 2018 Page 12

14 LIST OF TABLES LIST OF TABLES Table 1: Benchmarking with Other Major Construction Industries Table 2: Commercial Construction Project 1 Patio Mogilev Multifunctional Shopping Center Belarus Table 3: Commercial Construction Project 2 Detskoselsky Ezerische Logistics Center Development Vitebsk Table 4: Commercial Construction Project 3 GAZP Slonim Water Sports Complex Belarus Table 5: Industrial Construction Project 1 Sinomach/GoB Minsk Velikiy Kamen Industrial Park Belarus Table 6: Industrial Construction Project 2 Slavkaly Luban Potash Production Plant Minsk Table 7: Industrial Construction Project 3 GMC Lubanski Belarukali Potash Production Plant Minsk Oblast Table 8: Infrastructure Construction Project 1 RUE Mogilevavtodor M-5/E271 Minsk-Gomel Highway Upgrade Belarus Table 9: Infrastructure Construction Project 2 MOTRF/MOTC Minsk-Moscow High-Speed Train Belarus Table 10: Infrastructure Construction Project 3 MoTC Minsk National Airport Reconstruction Belarus Table 11: Institutional Construction Project 1 GOB Nursing Homes Development Belarus Table 12: Institutional Construction Project 2 GCC Gomel Regional Children Hospital Belarus Table 13: Residential Construction Project 1 UnivestStroyInvest Kolodishchi Nottingham Residential Complex Minsk Table 14: Residential Construction Project 2 Triple Masheroff-Park Residential Complex Minsk Table 15: Residential Construction Project 3 Astra Invest Vivaldi Residential and Business Complex Minsk Table 16: BNK Holding, Key Facts Table 17: BNK Holding, Main Services Table 18: BNK Holding, Key Employee Table 19: Triple LLC, Key Facts Table 20: Triple LLC, Main Products and Services Table 21: Triple LLC, Key Employees Table 22: ITC Engineering, LLC, Key Facts Table 23: ITC Engineering, LLC, Main Services Table 24: ITC Engineering, LLC, Key Employees Table 25: Belinte-Roba LLC, Key Facts Table 26: Belinte-Roba LLC, Main Services Table 27: Iterabelstroi LLC, Key Facts Table 28: Iterabelstroi LLC, Main Services Table 29: Belarusian Construction Output by Project Type (BYR Million), Table 30: Belarusian Construction Output by Project Type (BYR Million), Table 31: Belarusian Construction Output by Cost Type (BYR Million), Table 32: Belarusian Construction Output by Cost Type (BYR Million), Table 33: Belarusian Construction Output by Activity Type (BYR Million), Table 34: Belarusian Construction Output by Activity Type (BYR Million), Table 35: Belarusian Construction Value Add by Project Type (BYR Million), Table 36: Belarusian Construction Value Add by Project Type (BYR Million), Table 37: Belarusian Commercial Construction Output by Project Type (BYR Million), Table 38: Belarusian Commercial Construction Output by Project Type (BYR Million), Table 39: Belarusian Commercial Construction Output by Cost Type (BYR Million), Table 40: Belarusian Commercial Construction Output by Cost Type (BYR Million), Table 41: Belarusian Commercial Construction Output by Activity Type (BYR Million), Table 42: Belarusian Commercial Construction Output by Activity Type (BYR Million), Table 43: Belarusian Commercial Construction Value Add by Project Type (BYR Million), Table 44: Belarusian Commercial Construction Value Add by Project Type (BYR Million), Table 45: Belarusian Industrial Construction Output by Project Type (BYR Million), Table 46: Belarusian Industrial Construction Output by Project Type (BYR Million), Table 47: Belarusian Industrial Construction Output by Cost Type (BYR Million), Table 48: Belarusian Industrial Construction Output by Cost Type (BYR Million), Table 49: Belarusian Industrial Construction Output by Activity Type (BYR Million), Table 50: Belarusian Industrial Construction Output by Activity Type (BYR Million), Table 51: Belarusian Industrial Construction Value Add by Project Type (BYR Million), Table 52: Belarusian Industrial Construction Value Add by Project Type (BYR Million), Table 53: Belarusian Infrastructure Construction Output by Project Type (BYR Million), Table 54: Belarusian Infrastructure Construction Output by Project Type (BYR Million), Table 55: Belarusian Infrastructure Construction Output by Cost Type (BYR Million), Table 56: Belarusian Infrastructure Construction Output by Cost Type (BYR Million), Table 57: Belarusian Infrastructure Construction Output by Activity Type (BYR Million), Table 58: Belarusian Infrastructure Construction Output by Activity Type (BYR Million), Construction in Belarus Key Trends and Opportunities to 2018 Page 13

15 LIST OF TABLES Table 59: Belarusian Infrastructure Construction Value Add by Project Type (BYR Million), Table 60: Belarusian Infrastructure Construction Value Add by Project Type (BYR Million), Table 61: Belarusian Institutional Construction Output by Project Type (BYR Million), Table 62: Belarusian Institutional Construction Output by Project Type (BYR Million), Table 63: Belarusian Institutional Construction Output by Cost Type (BYR Million), Table 64: Belarusian Institutional Construction Output by Cost Type (BYR Million), Table 65: Belarusian Institutional Construction Output by Activity Type (BYR Million), Table 66: Belarusian Institutional Construction Output by Activity Type (BYR Million), Table 67: Belarusian Institutional Construction Value Add by Project Type (BYR Million), Table 68: Belarusian Institutional Construction Value Add by Project Type (BYR Million), Table 69: Belarusian Residential Construction Output by Project Type (BYR Million), Table 70: Belarusian Residential Construction Output by Project Type (BYR Million), Table 71: Belarusian Residential Construction Output by Cost Type (BYR Million), Table 72: Belarusian Residential Construction Output by Cost Type (BYR Million), Table 73: Belarusian Residential Construction Output by Activity Type (BYR Million), Table 74: Belarusian Residential Construction Output by Activity Type (BYR Million), Table 75: Belarusian Residential Construction Value Add by Project Type (BYR Million), Table 76: Belarusian Residential Construction Value Add by Project Type (BYR Million), Table 77: Timetric Construction Market Definitions Construction in Belarus Key Trends and Opportunities to 2018 Page 14

16 LIST OF FIGURES LIST OF FIGURES Figure 1: Growth Matrix for Construction Output in Belarus (%), Figure 2: Benchmarking with Other Major Construction Industries (%), Figure 3: Belarusian Commercial Construction Output (US$ Million), Figure 4: Belarusian Industrial Construction Output (US$ Million), Figure 5: Belarusian Infrastructure Construction Output (US$ Million), Figure 6: Belarusian Institutional Construction Output (US$ Million), Figure 7: Belarusian Residential Construction Output (US$ Million), Figure 8: Belarusian Construction Output by Project Type (BYR Million), Figure 9: Belarusian Construction Output by Cost Type (BYR Million), Figure 10: Belarusian Construction Output by Activity Type (BYR Million), Figure 11: Belarusian Construction Value Add by Project Type (BYR Million), Figure 12: Belarusian Commercial Construction Output by Project Type (BYR Million), Figure 13: Belarusian Commercial Construction Output by Cost Type (BYR Million), Figure 14: Belarusian Commercial Construction Output by Activity Type (BYR Million), Figure 15: Belarusian Commercial Construction Value Add by Project Type (BYR Million), Figure 16: Belarusian Industrial Construction Output by Project Type (BYR Million), Figure 17: Belarusian Industrial Construction Output by Cost Type (BYR Million), Figure 18: Belarusian Industrial Construction Output by Activity Type (BYR Million), Figure 19: Belarusian Industrial Construction Value Add by Project Type (BYR Million), Figure 20: Belarusian Infrastructure Construction Output by Project Type (BYR Million), Figure 21: Belarusian Infrastructure Construction Output by Cost Type (BYR Million), Figure 22: Belarusian Infrastructure Construction Output by Activity Type (BYR Million), Figure 23: Belarusian Infrastructure Construction Value Add by Project Type (BYR Million), Figure 24: Belarusian Institutional Construction Output by Project Type (BYR Million), Figure 25: Belarusian Institutional Construction Output by Cost Type (BYR Million), Figure 26: Belarusian Institutional Construction Output by Activity Type (BYR Million), Figure 27: Belarusian Institutional Construction Value Add by Project Type (BYR Million), Figure 28: Belarusian Residential Construction Output by Project Type (BYR Million), Figure 29: Belarusian Residential Construction Output by Cost Type (BYR Million), Figure 30: Belarusian Residential Construction Output by Activity Type (BYR Million), Figure 31: Belarusian Residential Construction Value Add by Project Type (BYR Million), Construction in Belarus Key Trends and Opportunities to 2018 Page 15