Czech Republic Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Czech Republic Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Summary

The construction industry in the Czech Republic is expected to decline by 2.4% this year, due to the impact of high materials and energy prices, and supply chain disruptions on construction costs. Labor shortages are also a factor in driving up overall construction costs, with the labor market being among the tightest in Europe. In addition to this, with weak investor confidence and tightening monetary policy, investment in the industry is expected to be subdued, which will weigh on the number of new construction starts over the coming year.

GlobalData expects the industry to grow at an annual average rate of 3.4% between 2024 and 2027, supported by developments in the area of transportation, housing and energy sectors. In November 2022, the Ministry of Finance and Transport signed a Memorandum of Understanding with the European Investment Bank to provide financial and technical support for the execution of railway projects between 2023 and 2027 with a funding of CZK170.3 billion ($7.1 billion). The ministry has stressed the importance of creating its own high-speed railway network, with an estimated cost of CZK700 billion ($29.2 billion). This will help to cut journey times from Berlin to Prague, Brno, Vienna, Bratislava and Budapest by increasing the maximum speed of travel to 350km/h. 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 ($458.6 million) investment by 2026.

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 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 (2018-2022) and forecast (2023-2027) 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.