CONSTRUCTION Market Report - REPUBLIC OF IRELAND 2007

Abstract

AMA Research has published the 2nd Edition of the Republic of Ireland Construction Market report. The report should be of particular interest to individuals and institutional investors, and provides a comprehensive and easy to use review of the rapidly evolving Irish construction sector.

The industry has seen considerable growth over the last decade underpinned by unprecedented development in the house-building market. This report focuses on market characteristics, recent developments and key suppliers to the €36 billion sector; analyses the activities of the major contractors within the market; and provides a comprehensive review of key influences on the Irish construction sector.

Key Areas Covered:-

• Review of Construction Contractors - analysis of major contractors, corporate activity, key project experience, financial indicators and forecasts of major trends.
• Detailed Assessment of the Construction Market - construction output by value, analysis by sector (residential, private non-residential, productive & social infrastructure), regional construction output, private finance, Government investment, planning issues, trends and forecasts.
• The National Development Plan - analysis of the impact of the Plan across 2000-2006, and the forecast levels of investment for the new 2007-2013 Plan.

Of Particular Interest:-

• Key financial results reported by many of the major construction contractors.
• Structure of the Construction Sector - which remains highly fragmented, with no one player (with the exception of John Sisk) having more than 3% of the market.
• Key Output Drivers - House building remains the key driver of output in the Construction Sector, accounting for 67% of the market, followed by Productive Infrastructure (16%), Private Non-Residential (11%) and Social Infrastructure (6%).
• The National Development Plan 2007-2013 - will see investment levels climb to €184 over the 7 year period and contains a strong emphasis on infrastructure investment, with almost €80 billion or 50% of 2007 GNP budgeted for infrastructure spending (both economic & social).
• Analysis of Regional Construction Markets.

Key areas of coverage in the report include:-

CONSTRUCTION CONTRACTORS

• Analysis of the size and structure of the contracting industry in Ireland.
• Ireland’s Top 20 Construction Companies by Group Turnover.
• Analysis of the major quoted construction contractors, including corporate activity, key project experience, financial indicators and forecasts of major trends etc.

CONSTRUCTION MARKET

• Current market conditions, overview of the market during 2005/06 - outlook for 2007 and forecasts 2008-2009.
• Analysis by sector - Construction output and activity in the Residential, Private Non-Residential, Productive Infrastructure and Social Infrastructure sectors.
• The impact of residential house building - a major sector of the Construction Market.
• Review of regional construction activity by value and sector.
• Analysis of construction employment levels, which now account for around 13% of the total Irish workforce.

FACTORS AFFECTING THE CONSTRUCTION INDUSTRY

• Analysis of the National Development Plan 2000-2006 and levels of investment in roads, water services, waste management, public transport and social housing.
• Details of specific investment levels in each sector for the new €184m National Development Plan 2007-2013.
• Analysis of the market size and use of Public Private Partnerships in the procurement of construction projects.
• Review of the main points of the 2007 Budget, spending allocations, investment in the Multi-Annual Capital Envelopes and Budget projections to 2009.
• Review of the planning sector in Ireland, including the impact of Strategic Development Zones, zoned land for housing, the problem of planning delays and the new Planning and Development Regulations 2006.
• Overview of the use of pre-fabricated building materials and techniques in the Irish construction industry, together with commentary on the major suppliers of timber frame housing units and prefabricated kitchen and bathroom pods.
• Overview of the market of Timber Frame Housing in Ireland.