Poland Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026

Poland Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026

Summary

The construction industry in Poland is expected to grow by 4.9% in real terms in 2022, preceded by an annual growth of 1.3% in 2021. According to Eurostat, the average construction production index grew by 9.5% in the first ten months of 2022, supported by a rise in both building construction activities (14%) and civil engineering works (3.1%). However, this strong growth was partially due to low base effects, and the industry still faces strong headwinds and downside risks owing to global supply chain disruptions and uncertainty over the conflict in Ukraine. Moreover, labor shortages stemming from an outflow of Ukrainian migrants returning home for military service, elevated material prices and weak investor confidence are likely to weigh on activity for the remainder of this year and in 2023. As a result, the downward trend in output levels will continue into the first half of 2023, before beginning to recover in the second half of the year, supported by easing inflationary pressure and greater government expenditure. However, annual output in 2023 will post an overall contraction of 2.8%.

Beyond 2023, the industry will return to growth, posting an expansion of 3.7% in 2024 before averaging an annual growth rate of 3.6% between 2025 and 2027. Growth during the forecasting period will be driven by government investment in renewable energy infrastructure and residential projects, supported by European Union (EU) funding. However, uncertainty remains over Poland’s access to its Recovery and Resiliency Facility allocation which has been frozen by the European Commission overrule of law concerns. Totaling PLN143.7 billion ($32.9 billion), the funds will be a key source of infrastructure funding over the next five years and will support the country’s green and digital transition, including the electrification of railways and the shift to renewable energy production.

The report provides detailed market analysis, information, and insights into the Polish construction industry, including -

• The Polish 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 Polish 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 Poland. It provides -

• Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Poland, 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.