The Romanian construction industry recorded a muted performance in the first three quarters of this year, and given the recent surge of Coronavirus (COVID-19) cases since late September 2021, which is likely to have weighed on economic activity, the publisher has revised down its forecast for 2021 to 1.3%, from the previous projection of 2.4% growth. Although a relatively slow pace of growth, the construction industry had performed much stronger than others in the region in 2020, expanding by 13.5%. The residential sector has been a key growth area, and the expansion in residential construction in 2021 has helped to offset the weakness in other sectors.
The overall industry is expected to register an annual average growth of 3.9% between 2022-2025, supported by government plans to invest RON22.2 billion (US$5 billion) to upgrade the country’s road transport and highway during the period of 2021-2025. Some of the major projects under this investment are the stretches of the A7, A8 and A3 highways. This also includes work of the highway linking Lugoj and Deva, a stretch connecting the A1 highway and the Timisoara Airport. The industry’s output over the forecast period will also be supported by the various government investments to achieve the target of 30.7% renewables share in its total power capacity mix by 2030.
Additional growth impetus will come from EU support. On September 27th, 2021, the European Commission approved the country’s recovery and resilience plan, granting RON141.2 billion (US$35.5 billion) of EU funds. This is split into grants and loans, with RON68.8 billion (US$17.3 billion) to be received as grants and RON72 billion (US$18.1 billion) as loans.
The publisher’s Construction in Romania - Key Trends and Opportunities to 2025 (H2 2021) report provides detailed market analysis, information and insights into the Romanian construction industry, including:
The overall industry is expected to register an annual average growth of 3.9% between 2022-2025, supported by government plans to invest RON22.2 billion (US$5 billion) to upgrade the country’s road transport and highway during the period of 2021-2025. Some of the major projects under this investment are the stretches of the A7, A8 and A3 highways. This also includes work of the highway linking Lugoj and Deva, a stretch connecting the A1 highway and the Timisoara Airport. The industry’s output over the forecast period will also be supported by the various government investments to achieve the target of 30.7% renewables share in its total power capacity mix by 2030.
Additional growth impetus will come from EU support. On September 27th, 2021, the European Commission approved the country’s recovery and resilience plan, granting RON141.2 billion (US$35.5 billion) of EU funds. This is split into grants and loans, with RON68.8 billion (US$17.3 billion) to be received as grants and RON72 billion (US$18.1 billion) as loans.
The publisher’s Construction in Romania - Key Trends and Opportunities to 2025 (H2 2021) report provides detailed market analysis, information and insights into the Romanian construction industry, including:
- The Romanian construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Romanian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope
This report provides a comprehensive analysis of the construction industry in Romania. It provides:
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Romania, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using the 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 strategy using the publisher's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
