Swiss Construction

October 9, 2019 — Swiss government focuses on road and rail projects as construction industry sees slow growth, says GlobalData. The Swiss construction industry is expected to record marginal growth between 2019 and 2023, supported by investment in commercial, institutional, residential and renewable energy projects, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Construction in Switzerland – Key Trends and Opportunities to 2023’ reveals that, to reduce traffic congestion in the country, the Swiss Government is focusing on the development of road and rail transport infrastructure. Danny Richards, Lead Economist at Globaldata says, “Accounting for 33.6% of the industry’s total value in 2018, residential construction was the largest market in the Swiss construction industry during the review period. The market is expected to retain its position over the forecast period, driven by the growing population and ongoing urbanization. Low mortgage interest rates are also expected to support market growth over the forecast period.”