Religious Building Construction in Kuwait:
Market Snapshot to 2014
Reference code: WMCN9649MS
Published: Sep 2010
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Religious Building Construction in Kuwait: Market Snapshot to 2014 Published Sep 2010
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1 SECTOR OVERVIEW ............................................................................................................. 4
2 MARKET DATA ...................................................................................................................... 5
2.1 Market Value 2005-2009 ...................................................................................................................................... 5
2.2 Market Segmentation, By Project Type, 2009 ..................................................................................................... 6
2.3 Market Value Forecast, 2009-2014 ...................................................................................................................... 7
2.4 Future Market Segmentation, By Project Type, 2009-2014................................................................................. 8
3 APPENDIX .............................................................................................................................. 9
3.1 Research Methodology ........................................................................................................................................ 9
3.2 Definitions ............................................................................................................................................................ 9
3.2.1 Additional Notes .......................................................................................................................................... 9
3.3 About World Market Intelligence ........................................................................................................................ 10
Religious Building Construction in Kuwait: Market Snapshot to 2014 Published Sep 2010
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List of Tables
Table 1: Religious buildings Construction in Kuwait, Market Value - US$ Million, 2005-2009 ............................................ 5
Table 2: Religious buildings Construction in Kuwait, Market Segmentation by Project Type, US$ Million, 2009 ............... 6
Table 3: Religious buildings Construction in Kuwait, Market Forecast - US$ Million, 2009-2014 ....................................... 7
Table 4: Religious buildings Construction in Kuwait, Market Segmentation by Project, US$ Million, 2014 ........................ 8
List of Figures
Figure 1: Religious buildings Construction in Kuwait, Market Value - US$ Million, 2005-2009 ........................................... 5
Figure 2: Religious buildings Construction in Kuwait, Market Segmentation by Project Type, % Share, 2009................... 6
Figure 3: Religious buildings Construction in Kuwait, Market Forecast - US$ Million, 2009-2014 ...................................... 7
Figure 4: Religious buildings Construction in Kuwait, Market Segmentation by Project, % Share, 2014 ............................ 8
Religious Building Construction in Kuwait: Market Snapshot to 2014 Published Sep 2010
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1 SECTOR OVERVIEW
Following expansion at a compound annual growth rate of 2.03% between 2005-2009, the religious buildings
construction sector in Kuwait reached a value of US$37.75 million in 2009, which represented a decrease of 2.51% on
2008. The market achieved its strongest performance in 2008 when it expanded by 20.05% and its weakest
performance in 2007, when it fell by 9.96%.
In comparison, the fastest growing construction sector of the institutional construction market between 2005-2009 was
healthcare buildings which achieved a CAGR of 29.30%. The religious buildings construction sector was the weakest in
the institutional construction market between 2005-2009 and achieved a CAGR of 2.03%.
By 2009, the Religious buildings accounted for 4.51% of the institutional construction. In comparison, educational
buildings represented 48.32% while healthcare buildings generated a further 35.20% of the market's 2009 share.
Looking ahead, the Religious buildings market is expected a CARC of 3.11% between 2009-2014, reaching a value of
US$ 32.23 million in 2014. This represents total decline of 7.46% since 2005 and 14.63% since 2009.
In comparison, the fastest growing construction sector of the institutional construction market between 2009-2014 is
forecast to be healthcare buildings, which is expected to achieve a CAGR of 8.87%. The religious buildings construction
sector is expected to be the weakest in the institutional construction market between 2009-2014 and expected a CARC
of 3.11%.
By 2014, the Religious buildings is forecast to account for 3.02% of the institutional construction. In comparison,
healthcare buildings is predicted to account for 42.22% , while educational buildings is expected to generate a further
41.57% of the market's 2014 share.
Religious Building Construction in Kuwait: Market Snapshot to 2014 Published Sep 2010
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2 MARKET DATA
2.1 Market Value 2005-2009
Religious buildings sector in Kuwait was valued at US$ 37.75 million in 2009; a decrease of 2.51% on 2008. The sector
achieved a CAGR of 2.03%.
Table 1: Religious buildings Construction in Kuwait, Market Value - US$ Million, 2005-2009
Year US$ Million % Growth
2005 34.83
2006 35.82 2.86%
2007 32.25 -9.96%
2008 38.72 20.05%
2009 37.75 -2.51%
CAGR 2005-2009