Poland Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027
Summary
Following annual growth of 4.3% in 2022, the construction industry in Poland is expected to shrink by 2.1% in real terms this year, owing to subdued investment levels, amid high interest rates and construction costs that are expected to continue to weigh on the industry’s performance. According to Eurostat, the average construction cost index for new residential buildings rose by 14.4% year on year (YoY) in Q1 2023, preceded by an annual increase of 13.3% in 2022. The industry’s output in 2023 will also be affected by a sharp decline in business confidence. According to the Central Statistical Office of Poland (GUS), the country’s business confidence index in the construction sector fell by 17.9% YoY in the first four months of 2023, preceded by annual decline of 18% in 2022. The residential sector will be hit the hardest, with recent data on building permits showing a sharp decline.
The Polish construction industry is expected to regain growth momentum from 2024, supported by investment in the construction of new housing, transport and renewable energy infrastructure projects. The Polish real estate developer, Cavatina Group S.A. launched Poland Rental Apartment Development Program in May 2023 that involves the construction of 10,000 rental homes along with accessible roads. With an estimated value of PLN5.1 billion ($1.1 billion), the construction works are expected to commence in Q1 2024 and is estimated to be completed by 2027. Growth will also be supported by the launch of the PLN290 billion ($76.7 billion) National Road Construction Program in December 2022, that aims to complete the construction of several highways and expressways by 2030 to improve regional connectivity.
This 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.
This report provides a comprehensive analysis of the construction industry in Poland. It provides -
- Historical (2018-2022) and forecast (2023-2027) 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
- 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 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Context
- 3.1 Economic Performance
- 3.2 Political Environment and Policy
- 3.3 Demographics
- 3.4 Risk Profile
- 4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- 5 Key Industry Participants
- 5.1 Contractors
- 5.2 Consultants
- 6 Construction Market Data
- 7 Appendix
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 7.4 GlobalData Construction
- Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Poland, Key Economic Indicators
- Table 3: Poland, Commercial Construction Output by Project Type (Real % Change), 2018-27
- Table 4: Poland, Top Commercial Construction Projects by Value
- Table 5: Poland, Industrial Construction Output by Project Type (Real % Change), 2018-27
- Table 6: Poland, Top Industrial Construction Projects by Value
- Table 7: Poland, Infrastructure Construction Output by Project Type (Real % Change), 2018-27
- Table 8: Poland, Top Infrastructure Construction Projects by Value
- Table 9: Poland, Energy and Utilities Construction Output by Project Type (Real % Change), 2018-27
- Table 10: Poland, Top Energy and Utilities Construction Projects by Value
- Table 11: Poland, Institutional Construction Output by Project Type (Real % Change), 2018-27
- Table 12: Poland, Top Institutional Construction Projects by Value
- Table 13: Poland, Residential Construction Output by Project Type (Real % Change), 2018-27
- Table 14: Poland, Top Residential Construction Projects by Value
- Table 15: Poland, Key Contractors
- Table 16: Poland, Key Consultants
- Table 17: Poland, Construction Output Value (Real, $ Million)
- Table 18: Poland, Construction Output Value (Nominal, PLN Million)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Eastern Europe and Central Asia, Construction Output (Real % Change), 2021-27
- Figure 2: Poland, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
- Figure 3: Poland, Risk Summary
- Figure 4: Poland, Risk Regional Comparison
- Figure 5: Poland, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018-27
- Figure 6: Poland, Construction Output Value, by Sector (Real, $ Million), 2018-27
- Figure 7: Poland, Construction Value Add (PLN Million, 2015 Chained Prices)
- Figure 8: Poland, Gross Fixed Capital Formation (Chain Linked Volumes, Index 2010=100)
- Figure 9: Poland, Employment in the Construction Industry, In Thousands
- Figure 10: Poland, Construction Projects Momentum Index
- Figure 11: Eastern Europe, Construction Projects Momentum Index
- Figure 12: Poland, Commercial Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 13: Poland, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 14: Poland, Wholesale and Retail Trade Value Add (PLN Million, 2015 Chained Prices)
- Figure 15: Poland, Total Number of Foreign Tourist Arrivals and Overnight Stays
- Figure 16: Poland, Industrial Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 17: Poland, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 18: Poland, Manufacturing Value Add (PLN Million, 2015 Chained Prices)
- Figure 19: Poland, Manufacturing Cost Index (The same period of the previous year = 100)
- Figure 20: Poland, Total Merchandise Exports (PLN Million)
- Figure 21: Poland, Manufacturing Production Index (Chain Linked Volumes, Index 2010=100)
- Figure 22: Poland, Mining and Quarrying Production Index (Chain Linked Volumes, Index 2010=100, % Change, YoY)
- Figure 23: Poland, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 24: Poland, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 25: Poland, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 26: Poland, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 27: Poland, Information and Communication Value Add (PLN Million, 2015 Chained Prices)
- Figure 28: Poland, Electricity, Gas, Steam, and Air Conditioning Production Index (Chain Linked Volumes, Index 2010=100, % Change, YoY)
- Figure 29: Poland, Institutional Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 30: Poland, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 31: Poland, Public Administration, Defense, Education, Human Health, and Social Work Value Add (PLN Million, 2015 Chained Prices)
- Figure 32: Poland, Residential Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 33: Poland, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 34: Poland, Residential Building Permits (in Thousands)
- Figure 35: Poland, Real Estate Value Add (PLN Million, 2015 Chained Prices)
- Figure 36: Poland, Dwellings Completed (in Thousands)
- Figure 37: Poland, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 38: Poland, Headquarters of Key Consultants (% of Total Project Pipeline)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook