Canada Infrastructure Report

Providing expert analysis, independent forecasts and competitive intelligence on the Infrastructure industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast, BMI's Infrastructure Risk Reward Index, Market Overview and Company Profiles.

Why you should buy this report

  • Gain independent insight into the outlook for the infrastructure industry through BMI's 10 year forecasts
  • Understand the market through analysis of projects , investment plans and key players
  • Understand the threats to your operations and investments and protect your company against future risks
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Canada Infrastructure Report
Product Price
$1,295.00

BMI View: The Canadian construction industry will recover in 2016 as the Liberal government spends big on infrastructure projects in a bid to stimulate the economy. However, we note downside risk to this forecast as the 2016 budget announced in March fell short of campaign promises.

Latest Updates And Structural Trends

  • We expect a recovery in the Canada construction industry in 2016, driven primarily by heightened public investment in infrastructure.

  • However, on the back of the release of the 2016 Budget, which falls short of campaign promises on tangible new infrastructure spending, we reduced our 2016 growth forecast. We also highlight the likelihood of further reductions to lofty goals, which will place downside risk to our strong outlook for the sector.

  • Following an estimated contraction of 3.2% for 2015, the construction industry will bounce back and post 2.5% real growth in 2016 and average 2.1% annually over the four-year term of the Liberal government from 2016 to 2019. However, this is a reduction of our previous levels of 2.7% and 3.0% respectively.

  • Transport infrastructure - primarily rail - renewable energy and especially water infrastructure will outperform over the next four years as the liberals aim to stimulate the economy and incentivise 'green infrastructure'.

  • We also expect non-residential construction to benefit from increasing investment in a recovering manufacturing sector, which will now benefit from a weakened Canadian dollar.

  • Infrastructure and non-residential will now be the major growth drivers for the construction industry over the next four years, offsetting a continued decline in capital expenditure in the extractive sector and a slowdown in homebuilding.

Infrastructure - Construction Industry Forecasts (Canada 2015-2021)
Indicator 2015e 2016f 2017f 2018f 2019f 2020f 2021f
e/f = BMI estimate/forecast. Source: Statistics Canada, BMI
Construction industry value, CADbn 136.56 142.04 149.76 157.54 165.60 173.08 179.82
Construction Industry Value, Real Growth, % y-o-y -3.22 2.51 3.24 3.00 2.91 2.32 1.69
Construction Industry Value, % of GDP 7.0 7.0 7.0 7.0 7.0 7.1 7.0

Risk/Reward Index

  • Canada's RRI score has increased in recent quarters, in line with a stronger outlook for growth in the construction industry.

  • The Industry Rewards score jumped up to 50.0 out of 100 as the Liberal government's stimulus plans bring up growth forecasts.

  • Canada continues to receive high scores for Country Risks and Industry Risks indices at 76.3 and 85.0, respectively.

Canada Infrastructure Risk/Reward Index
Risk/Reward Index Rewards Industry Rewards Country Rewards Risks Industry Risks Country Risks
Source: BMI
67.3 61.9 50.0 84.0 79.8 85.0 76.3
BMI Industry View
7
Table: Infrastructure - Construction Industry Forecasts (Canada 2015-2021)
7
Table: Canada Infrastructure Risk/Reward Index
8
SWOT
9
Infrastructure SWOT
9
Industry Forecast
11
Canada - Construction: Government Will Spend Big To Rally Industry - Q2 2016
11
Table: Construction And Infrastructure Industry Data (Canada 2015-2025)
12
Structural Trends
12
Transport Infrastructure - Outlook And Overview
17
Latest Updates
17
Table: Transport Infrastructure Industry Data (Canada 2015-2025)
17
Structural Trends
18
Major Projects Table - Transport
22
Table: Key Transport Projects
22
Energy And Utilities Infrastructure - Outlook And Overview
23
Table: Energy And Utilities Infrastructure Data (Canada 2015-2025)
23
Table: Key Projects: Energy & Utilities
27
Residential & Non-Residential Building - Outlook And Overview
28
Table: Residential and Non-Residential Building Industry Data (Canada 2015-2025)
28
Industry Risk Reward Ratings
33
Canada - Infrastructure Risk/Reward Index
33
Rewards
33
Risks
33
NAWE Infrastructure RRI: Outperforming On Risks And Rewards
34
Table: North America And Western Europe: Infrastructure Risk/Reward Index
41
Market Overview
42
Competitive Landscape
42
Table: Key Company Data
42
Table: Notable Sector Players - Canadian Pension Funds Infrastructure Portfolio, CADmn
44
Company Profile
46
SNC-Lavalin
46
Table: SNC-Lavalin Financial Data
51
Methodology
53
Industry Forecast Methodology
53
Sector-Specific Methodology
54
Risk/Reward Index Methodology
58
Sector-Specific Methodology
59
Table: Infrastructure Risk/Reward Index Indicators
59
Table: Weighting Of Indicators
60

The Canada Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Canada Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Canadian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Canada to test other views - a key input for successful budgetary and planning in the Canadian infrastructure market.
  • Target business opportunities and risks in the Canadian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Canada.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.