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

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

Summary

Following an expansion of 10.4% in 2022, GlobalData expects growth in Slovenia’s construction industry to slow to 4.1% in 2023, before recording a contraction of 3.4% in 2024, owing to weaker investor confidence, amid high inflation and rising interest rates. According to the International Monetary Fund (IMF), the country’s inflation rate rose from 1.9% in 2021 to 8.8% in 2022; it is expected to average 6.4% in 2023, before gradually slowing to 2% in 2028. Moreover, a drop in building permits is also expected to weigh on the industry’s output in the initial part of the forecast period. According to the Statistical Office of the Republic of Slovenia (SURS), the total number of building permits issued fell by 16.4% year on year (YoY) in the first four months of 2023, following an annual fall of 5.1% in 2022.

Over the remainder of the forecast period, Slovenia’s construction industry is projected to expand at an annual average rate of 3.2% between 2025 and 2027, supported by investments in the transport, renewable energy, automotive, tourism and healthcare sectors. The government is focusing on accelerating renewable energy deployment in the country. In January 2023, the Ministry of Environment, Climate, and Energy presented a draft bill on the installation of renewable energy facilities, to accelerate the construction of wind and solar power plants by regulating spatial planning. The draft, which is aimed at encouraging investment in the sector, includes procedure for connecting power plants to the electricity network, and regulations for energy storage devices.

This report provides detailed market analysis, information, and insights into Slovenia’s construction industry, including -

• Slovenia’s 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 Slovenia’s 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 Slovenia. It provides -

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