Estonia Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026 Summary Construction industry growth in Estonia is expected to slow to 2.7% in 2022, following a strong performance in 2020 and 2021. The industry is expected to weaken this year, owing to the impact of the war in Ukraine on trade and global supply chains. The Estonian economy has been highly sensitive to supply chain disruptions, which contributed to rising inflation in Estonia that is currently among the highest in Europe, standing at 21.9% as of June 2022. As a result, construction costs have been rising rapidly since the second half of 2021, with the Construction Price Index registering double-digit year-on-year (YoY) growths consecutively since July 2021. The Estonian construction industry is, however, expected to rebound at an annual average growth rate of 5.1% from 2023 to 2026, supported by investments on transport, electricity, telecommunication, and housing infrastructure projects. In February 2022, the Estonian Government approved the national Railway Development Plan, which is expected to involve an investment of EUR900 million ($1.1 billion) for renovating and electrifying the existing railway lines by 2028. In another latest development, in mid-July 2022, the European Commission approved a partnership agreement with Estonia for the period of 2021-27. As per the agreement, the country will receive EUR3.5 billion ($3.9 billion) in EU funding during that period for social development and green transition policies. Of the total, EUR781 million ($880.9 million) will be allocated for promoting energy efficiency, renewable energy, and increased use of recycled materials. The report provides detailed market analysis, information, and insights into the Estonian construction industry, including - - The Estonian 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 Estonian 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 Estonia. It provides - - Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Estonia, 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.
- 1. Construction Outlook
- 2. Construction Industry: At-a-Glance
- 3. Latest News and Developments
- 4. Project Analytics
- 5. Construction Market Data
- 6. Risk Profile
- 7. About GlobalData
- 7.1 Definitions
- 7.2 CRI Methodology
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Bulgaria, Key Economic Indicators
- Table 3: Bulgaria, Commercial Construction Output by Project Type (Real % Change), 2017-26
- Table 4: Bulgaria, Top Commercial Construction Projects by Value
- Table 5: Bulgaria, Industrial Construction Output by Project Type (Real % Change), 2017-26
- Table 6: Bulgaria, Top Industrial Construction Projects by Value
- Table 7: Bulgaria, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
- Table 8: Bulgaria, Top Infrastructure Construction Projects by Value
- Table 9: Bulgaria, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
- Table 10: Bulgaria, Top Energy and Utilities Construction Projects by Value
- Table 11: Bulgaria, Institutional Construction Output by Project Type (Real % Change), 2017-26
- Table 12: Bulgaria, Top Institutional Construction Projects by Value
- Table 13: Bulgaria, Residential Construction Output by Project Type (Real % Change), 2017-26
- Table 14: Bulgaria, Top Residential Construction Projects by Value
- Table 15: Bulgaria, Key Contractors
- Table 16: Bulgaria, Key Consultants
- Table 17: Bulgaria, Construction Output Value (Real, $ Million)
- Table 18: Bulgaria, Construction Output Value (Nominal, BGN Million)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Estonia, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2017-26
- Figure 2: Estonia, Construction Output Value, by Sector (Real, $ Million), 2017-26
- Figure 3: Eastern Europe and Central Asia, Construction Output (Real % Change), 2020-26
- Figure 4: Estonia, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
- Figure 5: Estonia, Construction Value Add (EUR Million, 2015 Chained Linked Prices)
- Figure 6: Estonia, Construction Volume Index, 2015=100
- Figure 7: Estonia, Total Gross Fixed Capital Formation in Construction (EUR Million)
- Figure 8: Estonia, Construction Price Index (2015=100)
- Figure 9: Estonia, Total Number of Dwellings Building Permits Issued
- Figure 10: Estonia, Wholesale and Retail Trade Value Add (EUR Million, 2015 Chained Linked Prices)
- Figure 11: Estonia, Accommodation and Food Service Value Add (EUR Million, 2015 Chained Linked Prices)
- Figure 12: Estonia, Retail Sales Index, % Change YoY, 2015=100
- Figure 13: Estonia, Manufacturing Value Add (EUR Million, 2015 Chained Linked Prices)
- Figure 14: Estonia, Manufacturing Production Volume Index, 2015=100
- Figure 15: Estonia, Export of Goods, In EUR Million
- Figure 16: Estonia, Total Civil Engineering Construction Volume Index, 2015=100
- Figure 17: Estonia, Education Value Add (EUR Million, 2015 Chained Linked Prices)
- Figure 18: Estonia, Real Estate Value Add (EUR Million, 2015 Chained Linked Prices)
- Figure 19: Estonia, Dwelling Price Index (2010=100)
- Figure 20: Estonia, Total Number of Dwellings Completed
- Figure 21: Estonia, Total Number of Dwelling Permits Issued
- Figure 22: Estonia, Construction Cost Index of New Residential Buildings, 2015 = 100
- Figure 23: Estonia, Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 24: Estonia, Risk Summary
- Figure 25: Estonia, Risk Regional Comparison
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