Croatia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Summary

The construction industry in Croatia is expected to grow in real terms by 3.5% in 2025, supported by the government’s investment in renewable energy and transport infrastructure projects, which will be further boosted through the disbursal of funds, under the European Union’s Recovery and Resilience Facility (RRF) as well as other funds. The growth momentum in the construction industry is reflected by an increase in new construction orders and total number of construction permits issued in the country. According to the Croatian Bureau of Statistics (CBS), the total number of construction permits issued in the country grew by 2.2% year on year (YoY) in 2024, increasing from 11,564 in 2023 to 11,823. Moreover, the average value of new construction orders rose by 12.8% YoY in 2024, according to the CBS.
Over the remainder of the forecast period, growth in the Croatian construction industry is expected to slow down and record an annual average rate of 2.6% in real terms from 2026 to 2029, supported by public and private sector investments in renewable energy, transport and liquefied natural gas (LNG) infrastructure projects. The government, as part of its National Energy and Climate Plan (NECP), aims to increase the share of renewable energy in electricity production from 28% in 2018 to over 36% by 2030. The government also plans to phase out its coal-fired power plants by 2033. According to the Renewable Energy Sources of Croatia Association (RES Croatia), a Croatian association that unites producers of electricity from renewable energy sources, the country's solar energy sector experienced rapid growth, with 397.1MW of new capacity installed in 2024, up from 238.7MW in 2023

The Construction in Croatia - Country Briefing (H1 2025) report provides detailed market analysis, information, and insights into the Croatian construction industry, including:

The Croatian 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 Croatian 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 Croatia. It provides:

Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Croatia, 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 our 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 business strategies using the analyst's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

1 Executive Summary2 Construction Industry: At-a-Glance3 Latest news and developments4 Project analytics5 Construction Market Data6 Risk Profile

7 Appendix

7.1 Definitions
7.2 CRI Methodology
7.3 About the Analyst

8 Contact the Publisher

List of Tables

Table 1: Construction Industry Key Data
Table 2: Croatia, Top Construction Projects by Value
Table 3: Croatia, Construction Output Value (Real, $ Million)
Table 4: Croatia, Construction Output Value (Nominal, EUR Million)
Table 5: the analyst Construction Market Definitions
Table 6: Risk Dimensions
Table 7: Ratings, Scores and Definitions

List of Figures

Figure 1: Croatia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
Figure 2: Croatia, Construction Output Value, by Sector (Real, $ Million), 2020-29
Figure 3: Eastern Europe, Construction Output (Real % Change), 2023-29
Figure 4: Croatia, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
Figure 5: Croatia, Construction Value Add (EUR Million, 2021 Chained Linked Prices)
Figure 6: Croatia, Construction Production Volume Index, Seasonally Adjusted (2021 = 100)
Figure 7: Croatia, Value of New Construction Orders Index (% Change, YoY)
Figure 8: Croatia, Total Number of Construction Permits Issued
Figure 9: Croatia, Total Dwellings Building Permits Issued (Number)
Figure 10: Croatia, House Price Index (2015=100)
Figure 11: Croatia, Construction Cost Index (new residential buildings), 2015 = 100
Figure 12: Croatia, Real estate Value Add (EUR Million, 2021 Chained Linked Prices)
Figure 13: Croatia, Total Number of Commercial Construction Permits Issued
Figure 14: Croatia, Total Number of Institutional Construction Permits Issued
Figure 15: Croatia, Total Export ($ Million)
Figure 16: Croatia, Information and Communication Value Add (EUR Million, 2021 Chained Linked Prices)
Figure 17: Croatia, Industrial and Manufacturing Production Indices, 2021=100, Seasonally and Calendar Adjusted
Figure 18: Croatia, Retail Trade Volume Turnover Index (2021=100)
Figure 19: Croatia, Total Foreign Visitors Arrivals, In Thousands
Figure 20: Croatia, Number of People Employed in the Construction Industry, In Thousands
Figure 21: Croatia, Labor Cost Index (2020=100)
Figure 22: Croatia, Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Croatia, Risk Summary
Figure 24: Croatia, Risk Regional Comparison

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