Albany, NY -- (SBWIRE) -- 05/06/2013 -- This report provides detailed market analysis, information and insights into the Chilean construction market, including:
The Chilean construction markets growth prospects by sector, project type and type of construction activity
Analysis of equipment, material and service costs across each project type within Chile
Critical insight into the impact of industry trends and issues and the risks and opportunities they present to participants in the Chilean construction market
Assessment of the competitive forces facing the construction industry in Chile and profiles of the leading players
Data highlights of the largest construction projects in Chile

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Summary
The Chilean construction industry increased in value at a CAGR of 5.19% during the review period to reach CLP18 trillion (US$36.1 billion) in 2012. This growth was supported by a rapid inflow in foreign direct investment (FDI), low unemployment, reconstruction and modernization work following the 2010 earthquake, and the countrys favorable demographic situation. There were also significant private and public investments in Chilean commercial, industrial, infrastructural and residential construction projects. The growth of the construction industry is expected to remain strong over the forecast period as a result of the governments commitment to improve the countrys infrastructure, meet rising demand for residential units, and provide support for the mining industry. The infrastructure and residential construction markets together accounted for 71% of the total Chilean construction industry in 2012, and the contributions of these two markets will be significant to the overall Chilean construction industry growth over the forecast period. Timetric expects the Chilean construction industrys output to record a CAGR of 8.15% over the forecast period to reach a value of CLP26.7 trillion (US$53.4 billion) by 2017.

Scope
This report provides a comprehensive analysis of the construction industry in Chile:
Historical (2008-2012) and forecast (2013-2017) valuations of the construction market in Chile using the construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type

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Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing

Assessment of the competitive environment using Porters Five Forces
Detailed profiles of the leading construction companies in Chile

Reasons To Buy
Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level via 600+ time series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies by leveraging our critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

Key Highlights
The unemployment rate in Chile eased to around 6.5% in 2012, from a peak of 10.0% in 2009. However, average employment growth has eased, dropping to 2.0% in 2012, down from the 5.1% and 7.4% reported in the previous two years. Nevertheless, unemployment is expected to fall further over the forecast period, in line with the forecast improvements in exports and investment.

The governments budget surplus as a percentage of GDP dropped to 0.6% in 2012, compared with 1.5% in 2011, owing to sluggish revenue growth and increased spending. Overall expenditure is expected to remain high, keeping the fiscal surplus below the equivalent of 1% of GDP over the forecast period.
Mining is one of the key industries in the domestic economy, contributing more than 20% of the countrys GDP.

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The industry also provides employment directly or indirectly to around 600,000 people. Over the next 12 years, the National Mining Society of Chile expects investment worth US$100 billion within the mining sector, which will provide a major boost to industrial construction activity.

Chiles construction industry has registered strong growth in recent years, due in part to rebuilding works following the earthquake in 2010. The earthquake destroyed 220,000 homes as well as one-third of hospitals and schools in the southern regions of Maule and B

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