Business Monitor International


Canada Infrastructure Report

Published 10 November 2014

  • 85 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Canada Infrastructure Report

BMI View:   The Canadian construction sector is expected to recover from the weak year 2014, with real growth expected to lie at 2.77%. Due to the wider macroeconomic recovery and the New Building Canada Plan, 2015 as a whole is expected to see a return to growth across all sectors of the construction and infrastructure industry, including the residential and non-residential market which already showed signs of life in the past months.

  • For 2014, our construction industry value growth was revised down severely to 0.48%. We are expecting a strong recovery of 2.77% for 2015.

  • The residential sector remained weak in growth over the course of 2014, however we expect improved economic conditions to help the sector return to growth of an estimated 2.56% in 2015. Infrastructure remains the primary driving force of growth. We do raise some concerns over the sustainability of the project backlog as most contemporary projects are in their final stages. We therefore expect a slowing in real growth rates in the sector over the medium term, yet stable at about 3.9%.

  • The strongest sub-sector growth in this respect is expected to take place in railways where projects worth USD36bn will drive average industry value real growth to 4% between 2015 and 2020.

  • We see strong upside for the overall energy & utilities sector from oil & gas pipelines. We have registered over USD40bn worth of pipelines in the planning phase, which would provide a significant boost to industry value creation if they all progress. We therefore expect 4% of real average growth in the oil & gas pipelines sub-sector between 2015 and 2020.

  • We also see strong growth in the electricity sub-sector with USD36bn worth of projects under way or in the planning stages. We expect a 5.2% average real growth per year between 2015 and 2020 for the power plants & transmission grids sub-sector.

Although the residential sector again showed a high degree of volatility in 2014, we expect that the sector will be...

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (Canada 2012-2017)
10
Table: Construction And Infrastructure Industry Data (Canada 2018-2023)
11
Table: New Building Canada Plan
14
Transport Infrastructure - Outlook And Overview
17
Table: Transport Infrastructure Industry Data (Canada 2012-2017)
17
Table: Transport Infrastructure Industry Data (Canada 2018-2023)
19
Major Projects Table - Transport
24
Table: Major Projects - Transport
24
Energy And Utilities Infrastructure - Outlook And Overview
31
Table: Energy And Utilities Infrastructure Data (Canada 2012-2017)
31
Table: Energy And Utilities Infrastructure Data (Canada 2018-2023)
32
Major Projects Table - Energy & Utilities
39
Table: Major Projects - Energy & Utilities
39
Residential & Non-Residential Building - Outlook And Overview
49
Table: Residential and Non-Residential Building Industry Data (Canada 2012-2017)
49
Table: Residential and Non-Residential Building Industry Data (Canada 2018-2023)
49
Table: Major Projects - Social Infrastructure & Construction
55
Industry Risk Reward Ratings
59
Canada - Infrastructure Risk/Reward Index
59
Rewards
59
Risks
59
Market Overview
61
Competitive Landscape
61
Table: Key Company Data
61
Table: Notable Sector Players - Canadian Pension Funds Infrastructure Portfolio, CADmn
63
Company Profile
65
SNC-Lavalin
65
Table: SNC-Lavalin Financial Data
70
Global Infrastructure Overview
71
Global Industry Overview
71
Table: Construction Industry Value, Real Terms, % Change
72
Table: BMI's Top 5 Markets
76
Methodology
78
Industry Forecast Methodology
78
Sector-Specific Methodology
79
Risk/Reward Index Methodology
83
Sector-Specific Methodology
84
Table: Infrastructure Risk/Reward Index Indicators
84
Table: Weighting Of Indicators
85

The Canada Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Canada Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Canadian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Canada to test other views - a key input for successful budgetary and planning in the Canadian infrastructure market.
  • Target business opportunities and risks in the Canadian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Canada.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc