Between 2006 and 2010 the Swiss construction industry recorded a compound annual growth (CAGR) of 3.12%, with the market benefiting from growing domestic confidence, increased exports, and increased demand.
Following a poor growth rate of 1.6% in 2009, the industry recovered an experienced a CAGR of 3% in 2010.
A strong growth had been predicted for the Swiss construction market; however, in 2009 the recession caused tightening credit conditions and lower levels of investment. This resulted in the number of new construction projects recording a decline in an environment of economic contraction and cautious lending conditions.
The commercial construction market recorded a CAGR of 0.54% during the past five years. Such weak growth was the result of a lack of investment, as firms halted construction activities over the five year time period.
The infrastructure construction market grew at a CAGR of 5.81% during the review period. The market growth was largely driven by the energy and communications infrastructure category.
The Swiss construction industry, and especially the precast concrete industry, is characterised by a number of small players, and construction processes are still dominated by manual, labour-intensive construction production techniques on-site. Key players within the Swiss construction industry include; Implenia AG, Foster Wheeler AG, Karl Steiner Holding AG, and F. Bernasconi & Cie SA.
For more information on the Swiss construction industry, see the latest research: Swiss Construction Industry Report
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