Spain Sees Steady Growth in International Tourist Volumes and Inbound Tourist Expenditures

The Spanish travel and tourism sector suffered from the consequences of a prolonged phase of economic instability and low consumer confidence due to the eurozone debt crisis. The sector contracted during the review period (2009–2013) in terms of tourist flows, while tourism expenditure registered only a marginal growth. The decline was largely due to the economic crisis, as well as higher unemployment rates, and austerity measures such as increased taxes.

The report provides detailed market analysis, information and insights, including:

• Historic and forecast tourist volumes covering the entire Spanish travel and tourism sector
• Detailed analysis of tourist spending patterns in Spain for various categories in the travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries and others
• Detailed market classification across each category, with analysis using similar metrics
• Detailed analysis of the airline, hotel, car rental and travel intermediaries industries

Scope

This report provides an extensive analysis related to the tourism demands and flows in Spain:

• It details historical values for the Spanish tourism sector for 2009–2013, along with forecast figures for 2014–2018
• It provides comprehensive analysis of travel and tourism demand factors, with values for both the 2009–2013 review period and the 2014–2018 forecast period
• The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in Spain.
• It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries, with values for both the 2009–2013 review period and the 2014–2018 forecast period.

Reasons to Buy

• Take strategic business decisions using historic and forecast market data related to the Spanish travel and tourism sector.
• Understand the demand-side dynamics within the Spanish travel and tourism sector, along with key market trends and growth opportunities.

Key Highlights

• Tourism plays an important role in the Spanish economy; its contribution grew steadily during the review period, contributing 11.7% to GDP in 2013. Total tourism output grew from EUR179.0 billion (US$248.7 billion) in 2009 to EUR191.5 billion (US$253.8 billion) in 2013, at a review-period CAGR of 1.69%. Inbound tourism was the leading contributor in terms of total expenditure (includes inbound and domestic only), representing 50.1% of the Spanish tourism market in 2013, and the rest was accounted by domestic tourism.
• In terms of volume, domestic tourism is the major contributor to the Spanish travel and tourism sector, despite the fall recorded during the review period. The total number of domestic trips fell from 155.0 million in 2009 to 144.5 million in 2013, at a review-period CAGR of -1.73%. This was largely due to the economic crisis, higher unemployment rates, and austerity measures taken by the government, such as an increase in taxes and a decrease in public sector salaries
• International arrivals to Spain grew from 52.2 million in 2009 to 61.0 million in 2013, at a review-period CAGR of 3.96%, while inbound tourist expenditure increased at a CAGR of 4.52%, going from EUR47.1 billion (US$65.4 billion) in 2009 to EUR56.2 billion (US$74.5 billion) in 2013. Both international tourist volumes and inbound tourist expenditure recovered well from the financial crisis in 2009. A steady increase in arrivals from Mexico, Brazil, Russia and China partly contributed to this growth.
• France, Portugal, Italy, the UK and Morocco are the five leading destination countries for Spanish tourists, with the latter being favored due to its low prices and tourist attractions, particularly its beaches and geographical proximity. These five countries together accounted for 55.3% of the total outbound tourist volume in 2013.
• IAG sought control of the profit-making Vueling after another Spanish subsidiary, Iberia, incurred losses in 2012. This transaction provides an opportunity for IAG to increase its profitability in the country, while its mainline business is decreasing capacity. Vueling will continue to operate as a standalone unit under its own CEO, Alex Cruz, and the current management structure and business model will be retained.
• Spaniards showed a strong interest towards traveling, even during poor economic conditions, by opting for alternatives such as private accommodation and low-cost airlines. Airbnb, for instance, a home sharing company, registered 1 million night bookings in Spain from September 2011 to August 2012. This represents a growth of 900% compared to the same period the previous year. Madrid and Barcelona accounted for a significant portion of this demand.
• Europcar introduced InterRent, a new low-cost car rental brand targeted at leisure customers in Spain, Germany, France, Portugal and the UK. InterRent was launched in April 2013, in 44 locations, with a fleet of 6,000 vehicles including economy, mini, compact and minivan categories. To promote the launch of the new brand, the company aired an online marketing campaign in all five European countries offering the service.
• Increasing internet penetration and the adoption of mobile internet technology has resulted in the growth of online travel bookings, which is expected to continue over the forecast period. The convenience of booking trips online and checking travel information is gaining popularity among Spanish internet users, especially the younger population.

Spanning over 159 pages, 140 Tables and 79 Figures “Travel and Tourism in Spain to 2018” report covering Executive Summary, The Travel and Tourism Sector in Context, Country Fact Sheet, Tourism Flows, Travel Intermediaries, Tourism Board Profile, Airport Profiles, Company Profiles, Market Data Analysis, Appendix. This report Covered 20 Companies - Ryanair Spain, Vueling Airlines SA, Air Europa Líneas Aéreas, SAU, Iberia Líneas Aéreas de España, SA, easyJet Spain, Meliá Hotels International SA, NH Hoteles SA, Paradores de Turismo de España, Marriott Spain, Intercontinental Hotels Spain, Avis Alquile un Coche SA, Budget Rent-a-car Spain, Enterprise Rent-A-Car Spain, Hertz Rent-a-car Spain, Europcar Ib, SA, Viajes El Corte Inglés, SA, Expedia Spain, Thomson Holidays Spain, Carlson Wagonlit España, SLU, Ole Spain Tours.

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Italy Tourism Industry is Counting on Tourists from BRIC Nations, Reveals New Report

The travel and tourism sector in Italy suffered from a prolonged phase of economic instability and lower levels of consumer confidence. As a result, the overall sector contracted significantly during the review period in terms of tourist flow, while tourism expenditure registered only a marginal growth. The decline was largely due to the economic crisis, high unemployment and increased taxes.

The report provides detailed market analysis, information and insights, including:

• Historic and forecast tourist volumes covering the entire Italian travel and tourism sector
• Detailed analysis of tourist spending patterns in Italy for various categories in the travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transport, retail, travel intermediaries and others
• Detailed market classification across each category, with analysis using similar metrics
• Detailed analysis of the airline, hotel, car rental and travel intermediaries industries

Scope

This report provides an extensive analysis related to the tourism demands and flows in Italy:

• It details historical values for the Italian tourism sector for 2009–2013, along with forecast figures for 2014–2018
• It provides comprehensive analysis of travel and tourism demand factors, with values for both the 2009–2013 review period and the 2014–2018 forecast period
• The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in Italy.
• It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries, with values for both the 2009–2013 review period and the 2014–2018 forecast period.

Reasons to Buy

• Take strategic business decisions using historic and forecast market data related to the Italian travel and tourism sector.
• Understand the demand-side dynamics within the Italian travel and tourism sector, along with key market trends and growth opportunities.

Key Highlights

• Italy’s economy has struggled since 2008, and entered into a third recessionary phase in August 2014, after negative growth in the second quarter of 2014. The contracting economy makes it more difficult for Italy to reduce its heavy public debt, which is likely to reach 135% of GDP in 2014. Projected weak economic growth will continue to have adverse affects on the travel and tourism sector over the forecast period. However, direct tourism employment as a percentage of total employment, which has been rising since 2011, is expected to continue to do so over the forecast period. The overall unemployment rate in Italy stood at 12.0% in 2013, while youth unemployment was more than 35%.
• Italy has recorded a rise in the number of visitors from Brazil, Russia, India and China, the BRIC countries. During the review period, tourists from China, Russia and Brazil increased at CAGRs of 15.2%, 15.9% and 5.6% respectively. The Italian government and tourism promotion agencies have been making efforts to attract tourists from these countries. For instance, to attract tourists from China, in 2014 Italy announced a reduction in the processing time for a tourist visa from five days to 36 hours. Italy opened a national tourism board office in Mumbai, India, in 2013.
• Domestic tourism in Italy is a large and matured market. The total number of domestic trips fell from 114.1 million in 2009 to 76.7 million in 2013, at a review-period CAGR of -9.46%. This was largely due to the economic crisis, high unemployment, increased taxes and rising fuel costs.
• Outbound tourism from Italy decreased from 29.1 million travelers in 2009 to 28.9 million in 2013, representative of a review-period CAGR of -0.17%. The decline was due to the country’s economic problems which had a negative impact on residents’ annual disposable incomes. Household disposable income fell by -3.0% in 2009, -0.8% in 2010 and 2011, -4.7% in 2012. However, outbound tourist expenditure recorded a marginal increase at a CAGR of 1.15% from EUR29.3 billion (US$40.7 billion) in 2009 to EUR30.7 billion (US$40.7 billion) in 2013.
• Since its inception in 1947, Italy’s flagship airline, Alitalia, has hardly made a profit, and the airline almost disappeared after the financial crisis in 2008. High-speed trains on profitable routes along with LCCs affected the company’s performance. On the verge of bankruptcy, Alitalia signed a deal with Gulf carrier Etihad in August 2014, with Etihad acquiring a 49% stake in Alitalia for around EUR1.2 billion (US$1.6 billion).
• The Italian government has been willing to offer leases on abandoned buildings and monuments for a period of 50 years, which can be extended by 25 years. The government hopes to attract leading hoteliers from around the world to restore and renovate old historic buildings and monuments, and develop them into luxury accommodation. For example, the Villa Tolomei in Florence was reopened as a five-star resort in May 2013 by Landmark Hotels. Other properties on offer include the Bourbon-built Santo Stefano prison in Ventotene, a historic jail in Procida, and a seafront castle in Gaeta. These new hotels will be advertised at Expo 2015 in Milan in October 2015.
• Car rental companies in Italy are facing setbacks due to the high price of petrol and diesel. As of 2014, Italy had the fifth-highest petrol prices and the third-highest diesel prices in Europe. According to CGIA Mestre, the Italian association of sole traders and small businesses, high taxation is the main reason behind the high fuel prices. Tax on diesel in Italy was 55.4% in 2013, 59.1% for petrol.
• Increasing internet penetration has resulted in strong growth of online travel bookings. According to the World Bank, internet penetration rose from 48.8% of the population in 2009 to 58.5% in 2013. With an increasing number of Italians booking travel online, traditional in-store intermediaries are also increasing their online presence and capability to meet demand.

Spanning over 131 pages, 133 Tables and 80 Figures “Travel and Tourism in Italy to 2018” report covering Executive Summary, The Travel and Tourism Sector In Context, Country Fact Sheet, Tourism Flows, Travel Intermediaries, Tourism Board Profile, Airport Profiles, Company Profiles, Market Data Analysis, Appendix. This report Covered 20 Companies - Alitalia – Compagnia Aerea Italiana SpA, Ryanair Italy, easyJet Italy, Air France Italy, Wizz Air Italy, Best Western Italia ScpA, Dimore d’Epoca, InterContinental Hotels Group Italy, Accor Hospitality Italia SRL, NH Hoteles Italy, Europcar Italia SpA, Avis Autonoleggio SpA, Budget Autonoleggio Italy, Hertz Italiana SpA, Sixt Italy, Welcome Travel Group SpA, Expedia Italy Srl, TUI Travel Italy, Uvet American Express Corporate Travel SpA, Bluvacanze SpA.

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Insurance Industry in Montenegro is Dominated by Non-life Segment and Trend is going to Continue till 2018, Finds New Report

In terms of gross written premium the Montenegrin insurance industry increased at a review period (2009–2013) CAGR of 2.6%. The growth was led by the life segment, which grew at a CAGR of 7.6%, and personal accident and health insurance with a CAGR of 3.8%. The non-life segment constituted 72.1% of the industry, followed by the life segment with 14.9% and the personal accident and health segment with 12.9% in 2013. Motor insurance constituted 72.9% of the non-life segment, followed by property insurance with 19.8%.

The report provides in-depth industry analysis, information and insights of the insurance industry in Montenegro, including:

• The Montenegrin insurance industry’s growth prospects by insurance segment and category 
• The competitive landscape in the Montenegrin insurance industry
• The current trends and drivers of the Montenegrin insurance industry
• Challenges facing the Montenegrin insurance industry
• Detailed regulatory framework of the Montenegrin insurance industry

Scope

This report provides a comprehensive analysis of the insurance industry in Montenegro:

• It provides historical values for the Montenegrin insurance industry for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key segments and categories in the Montenegrin insurance industry, along with forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions.
• It profiles the top insurance companies in Montenegro, and outlines the key regulations affecting them.

Reasons to Buy

• Make strategic business decisions using in-depth historic and forecast industry data related to the Montenegrin insurance industry and each segment within it.
• Understand the demand-side dynamics, key trends and growth opportunities within the Montenegrin insurance industry.
• Assess the competitive dynamics in the Montenegrin insurance industry.
• Identify the growth opportunities and market dynamics within key segments.
• Gain insights into key regulations governing the Montenegrin insurance industry and its impact on companies and the industry's future.

Key Highlights

• In terms of gross written premium the Montenegrin insurance industry increased at a review period (2009–2013) CAGR of 2.6%.
• The non-life segment constituted 72.1% of the industry, followed by the life segment with 14.9% and the personal accident and health segment with 12.9% in 2013.
• Certain amendments were implemented in the technical provisions in the Insurance Law, which came into effect in August 2012. These include provisions for bonuses and discounts, special technical provisions, provisions for reserved claims, provisions for unearned premiums, and risk equalization reserves.
• According to the World Bank, Montenegro had the highest per capita income in south-east Europe in 2013.
• Poverty is a major challenge in Montenegro. Despite the slight economic recovery and increased FDI, the poverty rate increased from 6.8% in 2009 to 11.3% in 2012, according to the World Bank.
• Low premium rates per policyholder and high operating expenses for insurers are likely to be challenges over the forecast period.
• The Montenegrin insurance industry was served by six life insurers and five non-life insurers in 2013.

Spanning over 169 pages, 120 Tables and 109 Figures “The Insurance Industry in Montenegro, Key Trends and Opportunities to 2018” report covering Executive Summary, Introduction, Montenegrin Insurance Industry Overview, Industry Segmentation, Governance, Risk and Compliance, Competitive Landscape, Economic Indicators, Appendix. This report Covered 4 Companies - Grawe osiguranje AD Podgorica, Merkur osiguranje AD, Lovćen osiguranje AD, Delta Generali Osiguranje AD.

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Turkey’s military expenditure is expected to increase to US$21.1 billion by 2019, Finds New Report

This report provides readers with a detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

Key Findings

• Over the historic period, Turkish defense expenditure registered a growth rate of -0.46%, declining from US$14.2 billion in 2010 to US$14 billion in 2014
• Turkey’s military expenditure, valued at US$14 billion in 2014, is expected to increase to US$21.1 billion by 2019, registering a CAGR of 9.10% over the forecast period
• Turkey’s military expenditure will be driven by the country’s strained relationship with Greece, threats posed by the Kurdish Workers Party (PKK), peacekeeping missions, and a reduction in foreign dependency for military equipment
• The Ministry of Defence (MoD) is expected to procure multi-role aircraft, naval vessels, multi-mission helicopters, and missile defense systems

Synopsis

This report offers detailed analysis of Turkey’s defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants

In particular, it provides an in-depth analysis of the following:

• The Turkish defense industry market size and drivers: detailed analysis of the Turkish defense industry during 2015–2019, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns
• Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to the army, navy, and air force. It also details the key challenges faced by defense market participants within the country
• Porter’s Five Force analysis of the Turkish defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitutions, intensity of rivalry, and barriers to entry
• Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
• Market opportunities: details of the top five defense investment opportunities over the coming 10 years
• Competitive landscape and strategic insights: analysis of the competitive landscape of the Turkish defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Reasons to Buy

• This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Turkish defense industry market trends for the coming five years
• The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
• Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
• A deep qualitative analysis of the Turkish defense industry covering sections including demand drivers, Porter’s Five Forces Analysis,  Key Trends and Growth Stimulators, and latest industry contracts

Spanning over 138 pages, 65 Tables and 82 Figures “Future of the Turkish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019” report covering Introduction, Executive Summary, Market Attractiveness and Emerging Opportunities, Defense Procurement Market Dynamics, Industry Dynamics, Market Entry Strategy, Competitive Landscape and Strategic Insights, Business Environment and Country Risk, Appendix. This report Covered 12 Companies - Howaldtswerke-Deutsche Werft (HDW), Lockheed Martin, BAE Systems, Otokar, Roketsan, Makina ve Kimya Endüstrisi Kurumu (MKEK), Aselsan, Turkish Aerospace Industries (TAI), Havelsan, Tusas Engine Industries, FNSS Defense Systems Co, Istanbul Shipyard.

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Israeli Defense Sector to Become USD$111.5 billion Industry by 2019, Finds New Report

This report provides readers with detailed analysis of both historic and forecast Israeli defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

Key Findings

• Israeli defense expenditure recorded a CAGR of 3.66% between 2010 and 2014, and valuesUS$16.7 billion in 2014
• The country’s total defense expenditure during the forecast period is expected to be US$111.5billion
• The average share of capital expenditure is expected to be 51.1% over the forecast period, compared to an average share of 50.9% during 2010–2014
• Over the forecast period, the country’s budget for homeland security is expected to cumulatively valueUS$24.2 billion
• The key areas of investment are expected to be multi-role aircraft, helicopter, naval vessels, armored vehicles, and surveillance systems

Synopsis

This report offers detailed analysis of the Israeli defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides in-depth analysis of the following:

• Israeli defense industry market size and drivers: detailed analysis of the Israeli defense industry during 2015–2019, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s spending patterns and modernization patterns
• Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to the army, navy, and air force. It also details the key challenges faced by the defense market participants within the country
• Porter’s Five Force analysis of the Israeli defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of the buyer, threat of substitutions, intensity of rivalry, and barrier to entry
• Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
• Market opportunities: details of the top five defense investment opportunities over the coming 10 years
• Competitive landscape and strategic insights: analysis of the competitive landscape of the Israeli defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Reasons to Buy

• This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Israeli defense industry market trends for the coming five years
• The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the country’s expected investment pattern during the forecast period
• Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
• A deep qualitative analysis of the Israeli defense industry covering sections including demand drivers, Porter’s Five Force Analysis,  Key Trends and Growth Stimulators, and latest industry contracts

Spanning over 152 pages, 63 Tables and 77 Figures “Future of the Israeli Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019” report covering Introduction, Executive Summary, Market Attractiveness and Emerging Opportunities, Defense Procurement Market Dynamics, Industry Dynamics, Market Entry Strategy, Competitive Landscape and Strategic Insights, Business Environment and Country Risk, Appendix. This report Covered 13 Companies - General Dynamics, Navistar Defense, Lockheed Martin, Raytheon, Rafael Advanced Defense System, Israel Aerospace Industries, Israel Military Industries, Israel Shipyards, Elbit Systems, Elisra Systems, Ness TSG, Plasan, SimiGon.

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South Korean Construction Market is Driven by Energy Infrastructure Projects, Finds New Report

The value of the South Korean construction industry increased at a compound annual growth rate (CAGR) of 2.43% during the review period (2009–2013). Growth was supported by private and public investments in infrastructure, industrial and commercial construction projects. Much of the country’s industrial and economic success can be credited to the country’s commitment to infrastructure development. According to the World Economic Forum’s Global Competitiveness Report 2013−2014, South Korea’s infrastructure ranked 23rd in a list of 148 global economies. The industry is expected to be supported by the government’s focus on infrastructure and residential construction over the forecast period (2014−2018), which will improve investor sentiment alongside the country’s hosting of the 2018 Winter Olympic Games and an anticipated recovery of the global economy. The industry is anticipated to post a forecast-period CAGR of 3.96%.

This report provides detailed market analysis, information and insights into the South Korean construction industry including:

• The South Korean construction industry's growth prospects by market, project type and type of construction activity
• Analysis of equipment, material and service costs across each project type within South Korea
• Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the South Korean construction industry
• Profiles of the leading operators in South Korean construction industry
• Data highlights of the largest construction projects in South Korea

Scope

This report provides a comprehensive analysis of the construction industry in South Korea. It provides:

• Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in South Korea using construction output and value-add methods
• Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
• 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
• Detailed profiles of the leading construction companies in South Korea

Reasons to Buy

• Identify and evaluate market opportunities using Publisher's standardized valuation and forecasting methodologies
• Assess market growth potential at a micro-level with over 600 time-series data forecasts
• Understand the latest industry and market trends
• Formulate and validate business strategies using Publisher's critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors

Key Highlights

• The country’s energy infrastructure construction is expected to be supported by the government’s plans to develop nuclear energy, increasing its usage to half of the total energy consumption by 2022. South Korea has plans to increase the use of nuclear energy from 29.2% of total energy consumption in 2012 to 43.4% by 2022, and 59.0% by 2030. Accordingly, the total nuclear power installed capacity is expected to increase by 59.0%, going from 20.7GWe in 2012 to 32.9GWe by 2022. In accordance with this plan, 18 new nuclear power plants are proposed to be constructed by 2030, with an anticipated investment of KRW40–50 trillion (US$32–40 billion). With such an increase in the capacity of nuclear energy, substantial investments in the power sector are expected to drive growth of the energy infrastructure over the forecast period.
• Significant investments are being made in the country’s infrastructure in order to improve its quality, effectiveness and coverage, as well as maintaining its transport network. In 2013, the South Korean government announced its plan to invest KRW124.0 trillion (US$108.6 billion) on various road, rail and other transportation infrastructure development projects across the country.
• The commercial construction market will be supported by a number of hotel and resort development projects. 20th Century Fox, one of the six major American film studios, is planning to construct a KRW3.8 trillion (US$3.5 billion) new 75-acre theme park in Changwon City, which is expected to be completed in 2018. Moreover, the French hotel group Accor SA is in the process of constructing a 300-room hotel in Seoul, which is expected to be completed in 2016.
• South Korea’s housing market showed signs of recovery towards the beginning of 2014. According to the KOSIS, the housing purchase price index grew by 1.4% in the first quarter of 2014, when compared to the first quarter of 2013. The largest increase in house prices was recorded in Daegu, where prices grew by 15.6% in the first quarter of 2014 compared to the previous year, while house prices in Gwangju, Chungbuk, Ulsan and Incheon rose by 7.1%, 5.9%, 5.6% and 5.0% respectively during the same period.
• South Korea is investing in the expansion of its healthcare infrastructure, in order to meet the rising concerns of its growing population. According to the KOSIS, the proportion of the population aged 65 years and above increased from 7.2% in 2000 to 11.8% in 2012, and is expected to reach 15.7% in 2020 and 24.3% by 2030. Moreover, the population’s median age increased from 31.8 in 2000 to 39.1 in 2012, and is projected to reach 43.4 by 2020 and 48.5 by 2030. A larger elderly population will put pressure on existing resources and facilities, as well as creating conditions for an increase in investments in new and refurbished healthcare buildings.

Spanning over 87 pages, 85 Tables and 31 Figures “Construction in South Korea - Key Trends and Opportunities to 2018” report covering Executive Summary, Market Overview, Commercial Construction, Industrial Construction, Infrastructure Construction, Institutional Construction, Residential Construction, Company Profile, Market Data Analysis, Appendix. This report Covered 5 Companies - Samsung C&T Corporation, Hyundai Engineering & Construction Co., Ltd, Daelim Industrial Co., Ltd, GS Engineering & Construction Corporation, SK Engineering & Construction Co., Ltd.

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Singapore is Expecting High Growth in Infrastructure and Residential Construction Projects till 2018

Singapore’s construction industry recorded a nominal compound annual growth rate (CAGR) of 2.64% during the review period (2009–2013), with growth being driven primarily by industrial, infrastructure and residential construction activities, which collectively generated 78.0% of the industry’s total value in 2013. The outlook for construction is favorable, as a result of the government’s focus on major infrastructure and residential construction activities. Higher demand for institutional projects and investments in commercial and industrial projects will also support the construction industry, with the country’s rise as an economic hub. The construction industry’s output is therefore expected to record a forecast-period (2013–2018) CAGR of 4.91%.

This report provides detailed market analysis, information and insights into Singapore’s construction industry including:

• Singapore’s construction industry's growth prospects by market, project type and type of construction activity
• Analysis of equipment, material and service costs across each project type within Singapore
• Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in Singapore’s construction industry
• Profiles of the leading operators in Singapore’s construction industry.
• Data highlights of the largest construction projects in Singapore

Scope

This report provides a comprehensive analysis of the construction industry in Singapore. It provides:

• Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Singapore using construction output and value-add methods
• Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
• 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
• Detailed profiles of the leading construction companies in Singapore

Reasons to Buy

• Identify and evaluate market opportunities using Publisher's standardized valuation and forecasting methodologies
• Assess market growth potential at a micro-level with over 600 time-series data forecasts
• Understand the latest industry and market trends
• Formulate and validate business strategies using Publisher's critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors

Key Highlights

• According to the Building and Construction Authority (BCA), which develops and regulates Singapore’s building and construction industry, total construction demand (the value of construction contracts awarded) increased from SGD30.8 billion (US$24.6 billion) in 2012 to SGD35.8 billion (US$28.6 billion) in 2013, while construction output reached SGD33.0 billion (US$26.4 billion) in the same year. Of the total value awarded in 2013, the value of contracts for the public sector was 14.8 billion (US$11.8 billion), while for the private sector it was SGD21.0 billion (US$16.8 billion).
• Singapore has become one of Asia’s leading petrochemical and refining hubs. It does not have any domestic oil reserves, and depends on crude oil imports to meet the growing demand for petrochemical products, supporting growth of the petrochemical and refining sector. The government is promoting long-term growth in its refining capacity to maintain the country’s leading position in refining and oil trading, and offers tax breaks to companies investing in the petrochemical sector. Growth in the refinery buildings category will be driven by rising demand over the forecast period, and the country’s efforts to remain competitive in the refining sector.
• According to the National Environment Agency (NEA), the amount of solid waste generated in the country increased from 7.3 million tonnes in 2012 to 7.9 million tonnes in 2013. The government aims to achieve a recycling rate of 65% by 2020, and 70% by 2030; this is likely to attract large-scale investment in the waste-processing plants category over the forecast period. In 2013, Sembcorp industries, a leading energy, water and marine group based in Singapore, announced plans to invest SGD250 million (US$200.0 million) to construct a waste-to-energy plant that will produce 140 tonnes of steam per hour from commercial and industrial waste.
• According to the Asia-Pacific Economic Cooperation (APEC), energy demand in Singapore is projected to rise from 36TWh in 2009 to 51TWh by 2035. According to the Sustainable Energy Association of Singapore (SEAS), the country’s renewable energy has potential to generate 10% of total electricity demand by 2020, without government subsidies), compared to present levels of less than 1%. For this, the country will need investment of SGD4.0 billion (US$3.2 billion) from private companies for 12 years.
• In 2013, the government announced the first half of the 2014 Government Land Sale (GLS) program, comprising eight confirmed and 15 reserve-list sites. The confirmed list includes seven private residential sites and one commercial, while the reserve list includes 13 private residential sites. Together these sites will supply 11,600 private residential units, including 2,800 EC units. The government announced the second half of the GLS program in June 2014, which will supply 10,200 residential units, including 1,500 ECs. This will support the residential construction market’s growth over the forecast period.

Spanning over 75 pages, 85 Tables and 31 Figures “Construction in Singapore – Key Trends and Opportunities to 2018” report covering Executive Summary, Market Overview, Commercial Construction, Industrial Construction, Infrastructure Construction, Institutional Construction, Residential Construction, Company Profile, Market Data Analysis, Appendix. This report Covered 5 Companies - Sim Lian Group Ltd, Chip Eng Seng Corporation Ltd, United Engineers Ltd, Lian Beng Group Ltd, BBR Holdings (S) Ltd.

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Coal Mining in Zimbabwe to 2020, New Report Launched

Zimbabwe is a relatively small player in the global coal mining landscape. Although the country holds vast coal reserves, particularly in the northwestern and southern regions, coal production measured just around 3.6 million tonnes (Mt) in 2013. To promote the industry, the government initiated a policy to explore untapped coal deposits available in the country.

The Coal Mining in Zimbabwe to 2020 report comprehensively covers the country’s historical and forecast data on coal production (and also by grade), reserves, consumption by end-use and trade to 2020. The trade section provides information on export volumes to destination countries. The report also includes drivers and restraints affecting the industry, profiles of major coal mining companies, information on the major active, exploration and development projects and regulations governing the industry.

Scope

The report contains an overview of the Zimbabwean coal mining industry together with the key growth factors and restraints affecting the industry. It also provides information about reserves, production, consumption, trade, prices, competitive landscape, major active, exploration and development projects and the fiscal regime of the country.

Reasons to Buy

Gain an understanding of the Zimbabwean coal mining industry, the relevant drivers and restraining factors, reserves, historical and forecast production, consumption, trade, global coal prices, competitive landscape and the fiscal regime.

Key Highlights

• Hwange Colliery Company Ltd (HCCL), the largest coal mining company in Zimbabwe, is planning to increase its production from 200,000 tonnes (t) per month to 500,000t after commissioning new equipment and capacity addition.
• Despite 94% of the coal produced in the country being supplied to the domestic markets, the country’s mining industry remains crippled due to poor infrastructure and transportation facilities from mining premises to the nation’s coal-fired power plants.
• China is keen to invest in Zimbabwean mineral deposits and in downstream sectors such as power generation. China Africa Sunlight Energy Ltd has committed to invest US$2.1 billion to develop coal mines and to build a 2,100MW plant to help ease electricity shortages.
• Compared with production of 3.6Mt in 2013, consumption measured 3.3Mt, while exports were limited to neighboring African countries such as Zambia and the Democratic Republic of the Congo.

Spanning over 35 pages, 11 Tables and 9 Figures “Coal Mining in Zimbabwe to 2020” report covering Executive Summary, Coal Mining in Zimbabwe, Coal Mining in Zimbabwe – Reserves, Production, Consumption and Trade, Competitive Landscape, Fiscal Regime, Appendix. This report Covered 1 Companies - Hwange Colliery Company Ltd.

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Turkey leads in European Gold Production which is Expected to Reach 2.1 million ounces in 2020; Reveals New Report

Turkey leads in European gold production and is likely to be a prominent future global gold producer. In 2013, according to the Turkish Gold Miners Association (TGMA), the country accounted for approximately 1.2% of global gold mine production, or 1.2 million ounces – an increase of 13.2% over the previous year – although the country has to scale up to 1.8 million ounces (50 tonnes) by 2015 in order to be among the world’s top 15 gold producers. Turkish gold mine production is forecast to grow at a compound annual growth rate (CAGR) of 9.5% over the forecast period (2014–2020), to reach 2.1 million ounces in 2020.

The Precious Metals Mining in Turkey to 2020 – a Focus on the Gold Industry report comprehensively covers the country’s historical and forecast data on gold mine production to 2020, production by province and reserves (also by region). The report also includes drivers and restraints affecting the industry, profiles of major precious metals mining companies, information on the major active, development and exploration projects and regulations governing the industry.

Scope

The report contains an overview of the Turkish gold mining industry together with the key growth factors and restraints affecting the industry. It also provides information about reserves, production, prices, competitive landscape, major active, exploration and development projects and the fiscal regime of the country.

Reasons to Buy

Gain an understanding of the Turkish gold mining industry, the relevant drivers and restraining factors, reserves, historical and forecast production, global gold prices, competitive landscape and the fiscal regime.

Key Highlights

• Turkey is competitively placed in terms of its geographical location with significant mineral deposits and potential for newer discoveries, with only Western Turkey in particular having been comprehensively explored until now.
• The country has strong academic infrastructure with 21 mining engineering departments in 19 cities and has managed to attract huge foreign direct invest (FDI) into exploration, development and active projects, to the tune of US$250 million in 2013.
• Its substantial mineral reserve base is a big attraction for foreign investors and the rapid expansion of the gold mining industry was the chief stimulant behind foreign investments in 2013.
• The Turkish mining industry is struggling with legal uncertainty caused by a rapid change in court decisions and inconsistent implementation of governmental regulations. The Mining law was changed twice in 10 years, although environmental legislation and reporting requirements are continuously changing.

Spanning over 31 pages, 12 Tables and 5 Figures “Precious Metals Mining in Turkey to 2020 - a Focus on the Gold Industry” report covering Executive Summary, Precious Metals Mining In Turkey, Gold Mining in Turkey – Reserves and Production, Competitive Landscape, Fiscal Regime, Appendix. This report Covered 5 Companies - Koza Altin Isletmeleri AS, Alacer Gold Corp., Eldorado Gold Corporation, Ariana Resources, Alamos Gold Inc.

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Irish Debit Cards Continue to Dominate Card Payment Market by Reaching 74.0% of Market Share in 2018, Finds New Report

Irish payment cards registered positive growth during the review period (2009-2013), recording a compound annual growth rate (CAGR) of 3.75%, to reach 6.3 million cards in circulation by the end of 2013. Improvements to banking infrastructure such as the increased installation of point-of-sale (POS) terminals in merchant outlets drove the growth. In terms of transaction value, payment cards valued EUR49.1 billion (US$65.1 billion) in 2013, after registering a review-period CAGR of -0.22%. However, it is expected to expand over the forecast period (2014-2018), at a CAGR of 3.23%. In terms of transaction value, debit cards accounted for a 77.9% share in 2013, which is expected to rise further over the forecast period.

In terms of the number of cards in circulation, the debit cards market accounted for 68.3% of the overall payment cards in 2013. The debit cards market is expected to continue to dominate over the forecast period, with its share reaching 74.0% in 2018.

During review period, the debit cards market registered a CAGR of 8.48%. Over the forecast period, the debit cards market expected to register a CAGR of 3.78% in terms of the number of cards in circulation, from 4.6 million in 2014 to 5.3 million in 2018. In terms of transaction value, the debit cards market registered a review-period CAGR of 1.08%, and is expected to record a forecast-period CAGR of 4.51%.

The increase in debit card usage is due to the switching of payment methods for goods and services, from checks to debit cards. The National Payments Plan initiative in 2013, e-Day, will further encourage the use of debit cards over checks. This will encourage small and medium-sized enterprises (SMEs), which accounted for 60% of Ireland’s total check usage to use debit cards. Furthermore, rising credit card debt shifted consumer’s preference towards debt-free financial products, and supported the growth of debit cards.

The report provides top-level market analysis, information and insights on Ireland's cards and payments industry, including:

• Current and forecast values for each category of Ireland's cards and payments industry, including debit cards, and credit cards.
• Comprehensive analysis of the industry’s market attractiveness and future growth areas
• Analysis of various market drivers and regulations governing Ireland's cards and payments industry
• Detailed analysis of the marketing strategies adopted for selling debit and credit cards used by banks and other institutions in the market
• Comprehensive analysis of consumer attitudes and buying preferences for cards
• The competitive landscape of Ireland's cards and payments industry

Scope

• This report provides a comprehensive analysis of Ireland's cards and payments industry.
• It provides current values for Ireland's cards and payments industry for 2013, and forecast figures for 2018.
• It details the different economic, infrastructural and business drivers affecting Ireland's cards and payments industry.
• It outlines the current regulatory framework in the industry.
• It details the marketing strategies used by various banks and other institutions.
• It profiles the major banks in Ireland's cards and payments industry.

Reasons to Buy

• Make strategic business decisions using top-level historic and forecast market data related to Ireland's cards and payments industry and each market within it.
• Understand the key market trends and growth opportunities within Ireland's cards and payments industry.
• Assess the competitive dynamics in Ireland's cards and payments industry.
• Gain insights in to the marketing strategies used for selling various card types in Ireland.
• Gain insights into key regulations governing Ireland's cards and payments industry.

Key Highlights

• The banking sector transformed and adopted new technologies during the review period, which helped enhance customer experience by simplifying and speeding up many banking activities. Allied Irish Banks (AIB) took a vital step via its Learn About Banking (LAB) store. LAB is a high-street learning and research store which enables customers to understand the benefits of new banking technology. It collects feedback from users to understand their preferences and improve the service.
• Mobile money is emerging as a popular alternative payment instrument in Ireland. Many banks offer the service, which only requires a recipient’s mobile number to enable a funds transfer. Ulster Bank added the Pay Your Contacts function to its service portfolio in October 2013. Pay Your Contacts is a smartphone app that saves the users financial details once during installation. Via the app, users can send money to anyone in their contact list, provided the recipient also has the app. Similarly, Permanent TSB introduced a MobileMoney service in June 2014, and AIB launched its Me2U mobile money app in January, 2014.
• Banks are increasingly establishing a presence on social media, as its penetration is increasing rapidly. Banks are using social media to communicate the benefits of their latest services, promote upcoming offerings, provide regular updates on business progress, and garner customer support. AIB has a presence on Twitter, Facebook, YouTube, LinkedIn, Boards.ie, Flickr, Google+, and Slideshare. However, this presence alone is not enough;it must be used effectively. Therefore, AIB has generated separate accounts on Twitter and Facebook, AIB and AskAIB, one which is very much the bank’s corporate face, and one dedicated to customer queries. The bank also uses Flickr and YouTube to share images and videos of sponsored events and instructional videos.
• A large number of customers, primarily within the high-income bracket, are engaged in philanthropic activities. To cater these customers, banks have introduced programs whereby customers can donate a percentage of their total credit card expenditure to charitable programs. Bank of Ireland (BOI) offers the Affinity Credit Card which donates to the customer’s choice of associated colleges such as the University College Dublin (UCD), University of Limerick, the National University of Ireland (NUI) Maynooth, NUI Galway, Trinity College Dublin and University College Cork (UCC).

Spanning over 73 pages, 35 Tables and 35 Figures “Ireland's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report covering Executive Summary, Analysis of the Industry Environment, Key Trends and Drivers, Cards and Payments Industry Share Analysis, Regulatory Framework and Card Fraud Statistics, Emerging Consumer Attitudes and Trends, Analysis of Payment Cards and Growth Prospects, Analysis of Credit Cards Market and Growth Prospects, Analysis of Debit Card Payments and Growth Prospects, Merchant Acquiring, Company Profiles of Card Issuers, Appendix. This report Covered 6 Companies - Allied Irish Banks (AIB), Bank of Ireland (BOI), Ulster Bank, Permanent TSB, MasterCard, Visa.

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