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

Slovakia 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 Slovakia is expected to shrink by 1.3% in real terms in 2023, owing to weak investor and consumer confidence amid rising interest rates, energy prices, construction materials prices and components, supply chain disruptions, and an uncertain global economic environment. According to the Statistical Office of the Slovak Republic (SOS), the average index measuring the construction material and component prices rose by 22.5% year on year (YoY) in 2022. This is expected to weigh on investor confidence, thereby holding back investments on non-critical construction projects over the coming months.

The Slovakian construction industry is expected to rebound at an average annual growth rate of 4.1% from 2024 to 2027, supported by investments in infrastructure, energy, and housing, aided by European Union (EU) recovery funds. In early February 2023, the EU endorsed a positive preliminary assessment of Slovakia's request for EUR709 million ($724 million) in grants, under the Recovery and Resilience Facility (RRF). The country’s RRF includes several investment and reform measures organized in 18 thematic components. The plan will be supported by EUR6 billion ($6.1 billion) in grants, of which, EUR823 million ($840.4 million) was disbursed in pre-financing in October 2021, while another EUR399 million ($407.5 million) was disbursed in July 2022, following a positive assessment of the first payment request.

This report provides detailed market analysis, information, and insights into the Slovakian construction industry, including -

• The Slovakian 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 Slovakian 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 Slovakia. It provides -

• Historical (2018–2022) and forecast (2023–2027) valuations of the construction industry in Slovakia, 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.