BRIC: World Cup and Olympic Games to Massively Boost Wood Construction Market to 2016
New report ‘Construction Wood in BRIC: Market Opportunity & Environment, Analyses and Forecasts to 2016’ added to construction-industry-analysis.com
According to the new report ‘Construction Wood in BRIC: Market Opportunity & Environment, Analyses and Forecasts to 2016’ construction industries in the BRIC underwent a period of contraction in 2009 leading to a reduction in demand for construction wood for construction purposes. As a result, the construction wood market in the BRIC countries recorded a significant decline in value in 2009.
The 51 page report states that the 2014 FIFA World Cup and 2016 Olympic Games inBrazil, the 2012 APEC Summit, 2014 Winter Olympic Games and 2018 FIFA World Cup inRussia, along withIndia's andChina's focus on infrastructure development creates an immense opportunity for the construction wood market in the BRIC region.
Allocation of funds to organise events by the respective governments will improve expenditure on construction leading to growth in the construction wood market over the forecast period. View the report
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