Analysis of internationalization trends in the construction industry with an overview on Croatian construction companies
and | Jun 06, 2019
About this article
Article Category: Research Paper
Published Online: Jun 06, 2019
Page range: 1975 - 1983
Received: Dec 28, 2018
Accepted: Mar 02, 2019
DOI: https://doi.org/10.2478/otmcj-2019-0006
Keywords
© 2019 Lana Lovrenčić Butković et al., published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
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Foreign market performance of the 100 largest grossing construction companies (author calculations based on the data from FINA (2018) and Poslovna Hrvatska (2018))
| Total income (top 100)
| 2,597 | 2,584 | 2,610 | 2,755 | 3,026 |
| Income from the foreign markets (top 100)
| 110 | 154 | 172 | 188 | 238 |
| Number of construction companies that have achieved income from the foreign markets (out of top 100) | 26 | 32 | 30 | 34 | 35 |
| Percentage of the income from the foreign markets (top 100) | 4.22 | 5.96 | 6.57 | 6.86 | 7.86 |
Twenty largest international construction companies based on the international income in 2017 (The Engineering News-Record, 2018)
| 1 | 1 | ACS Group, Madrid | Spain |
| 2 | 2 | HOCHTIEF AG, Essen | Germany |
| 3 | 3 | China Communications Construction Group Ltd., Beijing | China |
| 4 | 4 | VINCI, Rueil-Malmaison, Hauts-de-Seine | France |
| 5 | 9 | STRABAG SE, Vienna | Austria |
| 6 | 7 | TechnipFMC, London | UK |
| 7 | 6 | Bouygues, Paris | France |
| 8 | 11 | China State Construction Eng. Corp. Ltd., Beijing | China |
| 9 | 8 | Skanska AB, Stockholm | Sweden |
| 10 | 10 | Power Construction Corp. of China, Beijing | China |
| 11 | 13 | Ferrovial, Madrid | Spain |
| 12 | 5 | Bechtel, San Francisco, Calif. | USA |
| 13 | 16 | Fluor Corp., Irving, Texas | USA |
| 14 | 23 | China Railway Construction Corp. Ltd., Beijing | China |
| 15 | 18 | Salini Impregilo SPA, Milan | Italy |
| 16 | 14 | Hyundai Engineering & Construction Co. Ltd., Seoul | South Korea |
| 17 | 21 | China Railway Group Ltd., Beijing | China |
| 18 | 19 | Consolidated Contractors Group, Athens | Greece |
| 19 | 22 | Tecnicas Reunidas, Madrid | Spain |
| 20 | 15 | Petrofac Ltd., Jersey, Channel Islands | UK |
Industry average total and foreign performance (author calculations based on the data from FINA (2018) and Poslovna Hrvatska (2018))
| Industry average total income (in USD) | 434,197.53 | 520,385.80 | 474,027.78 | 436,697.53 | 521,496.91 |
| Industry average income from the foreign markets (in USD) | 5,756.17 | 7,746.91 | 6,774.69 | 14,845.68 | 19,490.74 |
| Percentage of the income from the foreign markets (industry average) | 1.33 | 1.49 | 1.43 | 3.40 | 3.74 |
Values of the global construction market by its comprising sectors, 2013 (IHS Markit, 2014)
| 8,194 | 2.4 | |
| Residential | 2,997 | 2.6 |
| Infrastructure | 2,700 | 3.0 |
| Transportation | 1,256 | 2.3 |
| Public health | 191 | 1.3 |
| Energy | 1,253 | 4.1 |
| Non-residential structures | 2,497 | 1.5 |
| Office | 388 | 3.0 |
| Commercial | 557 | 2.5 |
| Institutional | 489 | −1.3 |
| Industrial | 1,063 | 1.7 |