Summary
The Czech construction industry regained growth momentum in 2018, with output expanding by 6.9% in real terms - up from 2.8% in 2017. Growth during the review period (2014-2018) averaged 2.5% a year, and was supported by positive developments in regional economic conditions and government investments in transport, commercial, residential and industrial construction projects.
The government’s efforts to enhance transport, commercial and industrial infrastructure will support the growth of the industry over the forecast period (2019-2023). The industry’s output is expected to be supported by improvements in business confidence over the forecast period, which will drive investment in infrastructure, commercial, residential projects and energy infrastructure. The government plans to invest CZK3.5 trillion (US$162.4 billion) to develop the country’s overall infrastructure by 2030. The focus on the development of nuclear and renewable energy infrastructure is also expected to drive industry growth.
The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 2.82% over the forecast period.
GlobalData’s "Construction in the Czech Republic - Key Trends and Opportunities to 2023", 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 construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Key Highlights
- GlobalData expects the infrastructure construction market to retain its leading position over the forecast period, and account for 26.3% of the industry’s total value in 2023. The government plans to invest CZK2.6 trillion (US$122.4 billion) for the maintenance and expansion of transport infrastructure by 2030.
- GlobalData expects the energy and utilities construction market to record a forecast-period CAGR of 3.42% in nominal terms. The government aims to generate 46-58% of the country’s total electricity production through nuclear power by 2040. Accordingly, the plan seeks to add 2,500MW of new nuclear energy capacity by 2035.
- The government plans to launch the 11-year National Investment Plan for the period of 2019-2030. The plan seeks to invest CZK3.5 trillion (US$162.4 billion) to develop overall infrastructure between 2019 and 2030. Accordingly, 17,000 projects will be implemented across the country by 2030, in the areas of transport, energy, utilities, education, housing, communication and healthcare development.
- Forecast-period growth in the institutional construction market will be supported by the government’s focus on research and development. In 2018, the government approved public funding for large research infrastructure until 2022. Accordingly, the financial support will be provided to 48 large research infrastructures, in the areas of biological and medical sciences, physical sciences and engineering, social sciences and humanities, environmental sciences and energy.
- The total construction project pipeline in the Czech Republic - as tracked by GlobalData, and including all mega projects with a value above US$25 million - stands at CZK574.6 billion (US$27.0 billion). The pipeline, which includes all projects from pre-planning to execution, is well balanced, with 49.2% of the pipeline value being in projects in the pre-execution and execution stages as of February 2019.
Scope
- This report provides a comprehensive analysis of the construction industry in the Czech Republic.
- Historical (2014-2018) and forecast (2019-2023) 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 GlobalData'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 GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Companies Mentioned
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Table of Contents
1. EXECUTIVE SUMMARY
2. CONSTRUCTION OUTLOOK: AT-A-GLANCE
3. LATEST NEWS AND INDICATORS
4. KEY DRIVERS AND RISKS
4.1. Economic Performance
4.2. Political Environment
4.3. Demographics
4.4. Risk Profile
5. CONSTRUCTION OUTLOOK
5.1. All Construction
5.1.1. Outlook
5.1.2. Project analytics
5.2. Commercial Construction
5.2.1. Outlook
5.2.2. Project analytics
5.3. Industrial Construction
5.3.1. Outlook
5.3.2. Project analytics
5.4. Infrastructure Construction
5.4.1. Outlook
5.4.2. Project analytics
5.5. Energy and Utilities Construction
5.5.1. Outlook
5.5.2. Project analytics
5.6. Institutional Construction
5.6.1. Outlook
5.6.2. Project analytics
5.7. Residential Construction
5.7.1. Outlook
5.7.2. Project analytics
6. KEY INDUSTRY PARTICIPANTS
6.1. Contractors
6.2. Consultants
7. APPENDIX
7.1. What is this Report About?
7.2. Definitions
8. ABOUT GLOBALDATA
8.1. GlobalData at a Glance
8.2. GlobalData Construction
8.3. Disclaimer
8.4. Contact Us
List of Tables
Table 1: Construction Outlook
Table 2: The Czech Republic, Key Economic Indicators
Table 3: The Czech Republic, Construction Output Value (nominal, CZK Million)
Table 4: The Czech Republic, Construction Output Value (nominal, US$ Million)
Table 5: The Czech Republic, Top Commercial Construction Projects by Value
Table 6: The Czech Republic, Top Industrial Construction Projects by Value
Table 7: The Czech Republic, Top Infrastructure Construction Projects by Value
Table 8: The Czech Republic, Top Energy and Utilities Construction Projects by Value
Table 9: The Czech Republic, Top Institutional Construction Projects by Value
Table 10: The Czech Republic, Top Residential and Mixed-Use Construction Projects by Value
Table 11: The Czech Republic, Key Contractors
Table 12: The Czech Republic, Key Consultants
Table 13: GlobalData Construction Market Definitions
Table 14: Construction Risk Index Ratings and Scores
List of Figures
Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
Figure 2: The Czech Republic, Construction Projects Pipeline by Sector (CZK Billion)
Figure 3: Total Gross Fixed Capital Formation (CZK Million)
Figure 4: Total Value of New Orders for Construction (CZK Million)
Figure 5: Total Dwellings Started (Number)
Figure 6: The Czech Republic, Risk Profile
Figure 7: The Czech Republic, Risk Comparison
Figure 8: The Czech Republic, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
Figure 9: The Czech Republic, Construction Output Value, Growth Matrix
Figure 10: The Czech Republic, Construction Output Value, by Sector (CZK Million), 2014-2023
Figure 11: The Czech Republic, Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2018-2023
Figure 12: The Czech Republic, Construction Projects Pipeline, Value by Stage (CZK Million
Figure 13: The Czech Republic, Commercial Construction Output by Project Type (CZK Million), 2014-2023
Figure 14: The Czech Republic, Commercial Construction Projects Pipeline, Value by Stage (CZK Million)
Figure 15: The Czech Republic, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2018-2023
Figure 16: The Czech Republic, Industrial Construction Output by Project Type (CZK Million), 2014-2023
Figure 17: The Czech Republic, Industrial Construction Projects Pipeline, Value by Stage (CZK Million)
Figure 18: The Czech Republic, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2018-2023
Figure 19: The Czech Republic, Infrastructure Construction Output by Project Type (CZK Million), 2014-2023
Figure 20: The Czech Republic, Infrastructure Construction Projects Pipeline, Value by Stage (CZK Million)
Figure 21: The Czech Republic, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2018-2023
Figure 22: The Czech Republic, Energy and Utilities Construction Output by Project Type (CZK Million), 2014-2023
Figure 23: The Czech Republic, Energy and Utilities Construction Projects Pipeline, Value by Stage (CZK Million)
Figure 24: The Czech Republic, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2018-2023
Figure 25: The Czech Republic, Institutional Construction Output by Project Type (CZK Million), 2014-2023
Figure 26: The Czech Republic, Institutional Construction Projects Pipeline, Value by Stage (CZK Million)
Figure 27: The Czech Republic, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2018-2023
Figure 28: The Czech Republic, Residential Construction Output by Project Type (CZK Million), 2014-2023
Figure 29: The Czech Republic, Residential Construction Projects Pipeline, Value by Stage (CZK Million)
Figure 30: The Czech Republic, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2018-2023
Figure 31: The Czech Republic, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 32: The Czech Republic, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 33: The Czech Republic, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 34: The Czech Republic, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
