Czech Republic Construction Market by Type (Renovation and New Construction), and by Sector (Real Estate, Infrastructure, and Industrial)–Opportunity Analysis and Industry Forecast, 2024–2040
The Czech Republic Construction Market size was valued at USD 28.83 billion in 2023, and is predicted to reach USD 39.46 billion by 2030, at a CAGR of 5.7% from 2024 to 2030.
The construction sector in the Czech Republic is currently experiencing a notable surge in growth, propelled by increased government expenditures on infrastructure endeavors, notably within the transportation and energy domains. In 2023, the European Investment Bank (EIB) Group earmarked USD 2.08 billion for Czechia, specifically targeting infrastructure enhancement, the advancement of energy sustainability, and the stimulation of economic progress. This substantial financial injection aims to yield several benefits, including the establishment of safer and more efficient railway connections, expanded access to renewable energy sources for both residential and commercial sectors, and essential backing for small and medium-sized enterprises. Furthermore, the EIB's focus on energy-related projects in Czechia resonates with broader European Union initiatives such as REPowerEU, that are designed to fortify energy resilience and environmental sustainability. This significant investment underscores the EIB Group's dedication to fostering green initiatives and driving economic prosperity within the Czech Republic.
However, the construction industry faces significant challenges arising from the intricate web of government regulations and permitting processes, that often require a multitude of approvals from various levels of authority, including local, regional, and national bodies. These regulatory hurdles encompass a wide range of requirements such as zoning regulations, environmental assessments, adherence to building codes, safety standards, and other prerequisites. Delays in obtaining permits, bureaucratic inefficiencies, and inconsistencies in regulations across different jurisdictions can considerably extend project timelines and inflate costs. Furthermore, fluctuations in regulations or sudden policy changes can disrupt ongoing projects and deter potential investments. For instance, the United States Environmental Protection Agency (EPA) oversees numerous aspects of the construction sector, including air quality, waste disposal, and water regulations, providing compliance assistance resources for environmental responsibilities during various construction phases.
On the other hand, the construction sector is witnessing a transformative shift driven by digitalization and the adoption of Building Information Modeling (BIM), that are revolutionizing project management processes by integrating advanced technologies to improve efficiency, accuracy, and collaboration. BIM, an advanced 3D modeling tool, empowers stakeholders to create and manage digital representations of structures and infrastructure, facilitating enhanced coordination and communication among project teams. For example, in September 2022, the National Institute of Building Sciences (NIBS) launched the U.S. National Building Information Management (BIM) Program, aiming to modernize the construction industry and achieve unprecedented levels of industrial efficiency through digitalization. This initiative aims to address the lack of digitalization in the U.S. construction sector, that hampers the optimization of work processes to enhance efficiency, cost-effectiveness, resilience, and safety in construction and maintenance activities.
KEY BENEFITS
The Czech Republic construction industry is segmented based on type, and sector.
Based on type, the market is segmented renovation and new construction.
Based on sector, the market is divided into real estate, infrastructure, and industrial.
Key Market Players
Leading players operating in the Czech Republic construction industry include:
• China State Construction Engineering Corp. Ltd. (CSCEC)
• China Railway Group Ltd. (CREC)
• China Railway Construction Corp. Ltd. (CRCC)
• China Communications Construction Group Ltd. (CCCC)
• Metallurgical Corporation of China Ltd. (MCC)
• Power Construction Corp. of China
• Vinci SA
• China Energy Engineering Corp. (CEEC)
• Shanghai Construction Group (SCG)
• Bouygues Group
KEY BENEFITS
• The Czech Republic construction market report provides a quantitative analysis of the current market and estimations through 2024-2030 that assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
• The competitive analysis of the market players along with their market share in the Czech Republic construction market.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
- 1 Introduction
- 1.1 Report Description
- 1.2 Research Methodology
- 1.2.1 Secondary Research
- 1.2.2 Data Analysis Framework
- 1.2.3 Market Size Estimation
- 1.2.4 Forecasting
- 1.2.5 Primary Research And Data Validation
- 2 Czech Republic Construction Market By Type
- 2.1 Overview
- 2.2 Renovation Market
- 2.3 New Construction Market
- 3 Czech Republic Construction Market By Sector
- 3.1 Overview
- 3.2 Real Estate Market
- 3.2.1 Residential
- 3.2.1.1 Affordable
- 3.2.1.2 Luxury
- 3.2.2 Commercial
- 3.2.2 Retail Buildings
- 3.2.2 Office Buildings
- 3.2.2 Hospitality
- 3.2.2 Healthcare Facilities
- 3.2.2 Educational Institutes
- 3.2.2 Entertainment Ventures
- 3.3 Infrastructure Market
- 3.3.1 Transportation
- 3.3.1 Airport
- 3.3.1 Port
- 3.3.1 Rail
- 3.3.1 Road
- 3.3.2 Water And Wastewater
- 3.3.3 Energy
- 3.3.4 Telecommunication
- 3.4 Industrial Market
- 3.4.1 Manufacturing Plant
- 3.4.2 Warehouses
- 3.4.3 Power Plants
- 3.4.4 Oil Refineries
- 3.4.5 Chemical Plants
- 4 Company Profiles
- 4.1 China State Construction Engineering Corp. Ltd. (Cscec)
- 4.1.1 Company Overview
- 4.1.2 Company Snapshot
- 4.1.3 Operating Business Segments
- 4.1.4 Product Portfolio
- 4.1.5 Business Performance
- 4.1.6 Business Segments
- 4.1.7 Geographic Segments
- 4.1.8 Key Strategic Moves And Development
- 4.1.9 Primary Market Competitors
- 4.2 China Railway Group Ltd. (Crec)
- 4.2.1 Company Overview
- 4.2.2 Company Snapshot
- 4.2.3 Operating Business Segments
- 4.2.4 Product Portfolio
- 4.2.5 Business Performance
- 4.2.6 Business Segments
- 4.2.7 Geographic Segments
- 4.2.8 Key Strategic Moves And Development
- 4.2.9 Primary Market Competitors
- 4.3 China Railway Construction Corp. Ltd. (Crcc)
- 4.3.1 Company Overview
- 4.3.2 Company Snapshot
- 4.3.3 Operating Business Segments
- 4.3.4 Product Portfolio
- 4.3.5 Business Performance
- 4.3.6 Business Segments
- 4.3.7 Geographic Segments
- 4.3.8 Key Strategic Moves And Development
- 4.3.9 Primary Market Competitors
- 4.4 China Communications Construction Group Ltd. (Cccc)
- 4.4.1 Company Overview
- 4.4.2 Company Snapshot
- 4.4.3 Operating Business Segments
- 4.4.4 Product Portfolio
- 4.4.5 Business Performance
- 4.4.6 Business Segments
- 4.4.7 Geographic Segments
- 4.4.8 Key Strategic Moves And Development
- 4.4.9 Primary Market Competitors
- 4.5 Metallurgical Corporation Of China Ltd. (Mcc)
- 4.5.1 Company Overview
- 4.5.2 Company Snapshot
- 4.5.3 Operating Business Segments
- 4.5.4 Product Portfolio
- 4.5.5 Business Performance
- 4.5.6 Business Segments
- 4.5.7 Geographic Segments
- 4.5.8 Key Strategic Moves And Development
- 4.5.9 Primary Market Competitors
- 4.6 Power Construction Corp. Of China
- 4.6.1 Company Overview
- 4.6.2 Company Snapshot
- 4.6.3 Operating Business Segments
- 4.6.4 Product Portfolio
- 4.6.5 Business Performance
- 4.6.6 Business Segments
- 4.6.7 Geographic Segments
- 4.6.8 Key Strategic Moves And Development
- 4.6.9 Primary Market Competitors
- 4.7 Vinci Sa
- 4.7.1 Company Overview
- 4.7.2 Company Snapshot
- 4.7.3 Operating Business Segments
- 4.7.4 Product Portfolio
- 4.7.5 Business Performance
- 4.7.6 Business Segments
- 4.7.7 Geographic Segments
- 4.7.8 Key Strategic Moves And Development
- 4.7.9 Primary Market Competitors
- 4.8 China Energy Engineering Corp. (Ceec)
- 4.8.1 Company Overview
- 4.8.2 Company Snapshot
- 4.8.3 Operating Business Segments
- 4.8.4 Product Portfolio
- 4.8.5 Business Performance
- 4.8.6 Business Segments
- 4.8.7 Geographic Segments
- 4.8.8 Key Strategic Moves And Development
- 4.8.9 Primary Market Competitors
- 4.9 Shanghai Construction Group (Scg)
- 4.9.1 Company Overview
- 4.9.2 Company Snapshot
- 4.9.3 Operating Business Segments
- 4.9.4 Product Portfolio
- 4.9.5 Business Performance
- 4.9.6 Business Segments
- 4.9.7 Geographic Segments
- 4.9.8 Key Strategic Moves And Development
- 4.9.9 Primary Market Competitors
- 4.10 Bouygues Group
- 4.10.1 Company Overview
- 4.10.2 Company Snapshot
- 4.10.3 Operating Business Segments
- 4.10.4 Product Portfolio
- 4.10.5 Business Performance
- 4.10.6 Business Segments
- 4.10.7 Geographic Segments
- 4.10.8 Key Strategic Moves And Development
- 4.10.9 Primary Market Competitors
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