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Czech Republic Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

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    Report

  • 53 Pages
  • April 2022
  • Region: Czech Republic
  • GlobalData
  • ID: 5610491
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The construction industry in the Czech Republic is expected to grow by 3.5% this year, following an annual growth of 1.1% in 2021, supported by an increase in the number of building permits issued, an increase in new construction work orders in 2021 and the execution of projects under the 2022 railway infrastructure investment plan. According to the Czech Statistical Office (CZSO), the total number of new construction orders in the country increased by 14.7% in 2021, rising from CZK253 billion ($11.8 billion) in 2020 to CZK290.1 billion ($13.5 billion). In February 2022, Správa Zeleznic (SZ), the Czech rail infrastructure manager, announced a CZK53 billion ($2.5 billion) railway investment program for 2022, which includes the reconstruction of railway lines, junctions, and stations, as well the construction of new high-speed lines.

The publisher expects the industry to grow at an annual average rate of 2.7% between 2023 and 2026, supported by the developments in the area of transportation and energy sectors. In January 2022, Správa zeleznic (SZ) announced preliminary market consultations (PMC) on a project to build the Prague-Laughs-Beroun railway line with an estimated investment of CZK38 billion ($1.8 billion). Moreover, the government plans to increase the share of renewable energy in total energy consumption from 13% in 2020 to 22% by 2030. It also intends to add 1.9GW of solar capacity by 2030. To meet these targets, in September 2021 the government allocated CZK12.4 billion ($577.7 million) in renewable energy investments through its Recovery and Resilience Facility (RRF). Furthermore, in January 2022, Pražská správa nemovitostí (PSN), a property developer based in the Czech Republic, announced its plan of constructing 3,000 new apartments across the country, with a CZK11 billion ($512.5 million) investment by 2026. However, the industry faces downside risks in 2022, which dampen the outlook. Inflationary pressures on key construction materials owing to the Russia-Ukraine crisis threaten to push up construction costs to record levels, which is likely to cause some projects to be delayed or cancelled. This will be exacerbated by rising energy costs, labor market tightness and weak investor confidence in the region.

The report provides detailed market analysis, information, and insights into the Czech construction industry, including:

  • The Czech 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 Czech Republic 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 the Czech Republic. It provides:
  • Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in the Czech Republic, 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-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index
4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments

5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
7.4 GlobalData Construction
  • Contact the Publisher

List of Tables
Table 1: Construction Industry Key Data
Table 2: The Czech Republic, Key Economic Indicators
Table 3: The Czech Republic, Commercial Construction Output by Project Type (Real % Change), 2017-26
Table 4: The Czech Republic, Top Commercial Construction Projects by Value
Table 5: The Czech Republic, Industrial Construction Output by Project Type (Real % Change), 2017-26
Table 6: The Czech Republic, Top Industrial Construction Projects by Value
Table 7: The Czech Republic, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
Table 8: The Czech Republic, Top Infrastructure Construction Projects by Value
Table 9: The Czech Republic, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
Table 10: The Czech Republic, Top Energy and Utilities Construction Projects by Value
Table 11: The Czech Republic, Institutional Construction Output by Project Type (Real % Change), 2017-26
Table 12: The Czech Republic, Top Institutional Construction Projects by Value
Table 13: The Czech Republic, Residential Construction Output by Project Type (Real % Change), 2017-26
Table 14: The Czech Republic, Top Residential Construction Projects by Value
Table 15: The Czech Republic, Key Contractors
Table 16: The Czech Republic, Key Consultants
Table 17: The Czech Republic, Construction Output Value (Real, $ Million)
Table 18: The Czech Republic, Construction Output Value (Nominal, CZK Billion)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Eastern Europe, Construction Output (Real % Change), 2020-26
Figure 2: The Czech Republic, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
Figure 3: The Czech Republic, COVID-19 Confirmed Cases
Figure 4: The Czech Republic, Risk Summary
Figure 5: The Czech Republic, Risk Regional Comparison
Figure 6: The Czech Republic, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26
Figure 7: The Czech Republic, Construction Output Value, by Sector (Real, $ Million), 2017-26
Figure 8: The Czech Republic, Construction Value Add, In CZK Billion, 2015 Chain-Linked Volumes
Figure 9: The Czech Republic, Construction Production Index, Seasonally Adjusted, 2015=100
Figure 10: The Czech Republic, Economic Sentiment Indicator, Business and Consumer Confidence Indicator
Figure 11: The Czech Republic, Total Gross Fixed Capital Formation, % Change YoY (2015 Chain-Linked Volumes)
Figure 12: The Czech Republic, Total Value of New Orders for Construction (CZK Billion)
Figure 13: The Czech Republic, Approximate Value of Total Building Permits Issued, In CZK Billion
Figure 14: The Czech Republic, Construction Projects Momentum Index
Figure 15: Region, Construction Projects Momentum Index
Figure 16: The Czech Republic, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 17: The Czech Republic, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: The Czech Republic, Trade, Transportation, Accommodation and Food Service Value Add (Chain Linked Volumes of 2015, CZK Billion)
Figure 19: The Czech Republic, Retail Trade Sales Index (Excluding Motor Vehicles and Motorcycles), % Change YoY
Figure 20: The Czech Republic, Total Arrivals and Overnight Stays of Guests in Collective Accommodation Establishments (In Thousand)
Figure 21: The Czech Republic, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 22: The Czech Republic, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: The Czech Republic, Manufacturing Value Add (CZK Billion, 2015 Chain-Linked Prices)
Figure 24: The Czech Republic, Industrial and Manufacturing Production Index, (2015=100)
Figure 25: The Czech Republic, Total Cars Produced (Number of Units)
Figure 26: The Czech Republic, New Industrial Orders Index (2015=100)
Figure 27: The Czech Republic, Total Value of Goods Export (CZK Billion), in Current Prices
Figure 28: The Czech Republic, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
Figure 29: The Czech Republic, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: The Czech Republic, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
Figure 31: The Czech Republic, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: The Czech Republic, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
Figure 33: The Czech Republic, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: The Czech Republic, Public Administration, Education, Health and Social Work Value Add (Chain Linked Volumes of 2015, CZK Billion)
Figure 35: The Czech Republic, Residential Construction Output by Project Type (Real, $ Million), 2017-26
Figure 36: The Czech Republic, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 37: The Czech Republic, Real Estate Activities Value Add (Chain-Linked Volumes of 2015, CZK Billion)
Figure 38: The Czech Republic, Number of Residential Building Permits Issued
Figure 39: The Czech Republic, Total Number of Residential Dwellings Started
Figure 40: The Czech Republic, Total Residential Dwellings Completed (Excluding Extension Work)
Figure 41: The Czech Republic, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 42: The Czech Republic, Headquarters of Key Consultants (% of Total Project Pipeline)