Construction in Switzerland – Key Trends and Opportunities to 2019

Date: 2015-11

“• According to the Swiss National Bank (SNB), house prices remained buoyant in 2014. The construction price index for the new apartment buildings grew by 5.7%, from 455.7 in 2013 to 481.9 in 2014. During the first quarter of 2015, the price index grew by 1.0% from 489.0 in January–March 2014 to 494.1 in January–March 2015.

• According to the Schweizerische Bundesbahnen (SBB), passenger rail traffic is expected to increase by 60.0% by 2030. To handle the growing number of passengers, the country requires a more modern and efficient rail network, and to cope with a rise in passenger volume, the government is focusing more on rail infrastructure. Accordingly, the Swiss Parliament approved a Switzerland’s Rail Infrastructure (FABI) bill in 2014 to upgrade and finance rail infrastructure.

• Manufacturing plant construction is set to be boosted by improvements in external trade. To increase bilateral trade by reducing the import tariffs, a free trade agreement between Switzerland and China came into effect in July 2014. Under this agreement, both countries decided to reduce the import tariff gradually over the next five to 10 years. Accordingly, China will phase out tariffs on 84.2% of Swiss imports, whereas Switzerland will eliminate tariffs on 99.7% of Chinese imports. This agreement will promote economic growth and positively impact both Swiss multinationals and SMEs. Such initiatives will support the growth of the industrial construction market over the forecast period.

• To produce clean energy and meet the rising demand for electricity, the government is focused on developing renewable energy sources. Accordingly, ‘Energy Strategy 2050’ was launched by the government in 2011, which aims to reduce per capita energy consumption and the use of fossil fuels by focusing on energy efficiency and the expansion of new renewable energy sources by 2020.

• The expansion of the aging population is expected to drive expenditure on healthcare buildings over the forecast period. According to the United Nations Department of Economic and Social Affairs (UNDESA), the percentage of the population aged 60 years or older is set to increase from 23.4% in 2014 to 25.4% in 2020, and to 30.6% by 2030. The median age of the population will increase from 41.6 years in 2010 to 43.2 years by 2020, and 45.1 years by 2030. A larger elderly population will put pressure on the existing resources and facilities, and create conditions for an increase in investments in new and refurbished healthcare buildings.”

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample