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Construction in the Czech Republic - Key Trends & Opportunities to 2022

Published: Mar, 2018 | Pages: 44 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Synopsis

The Czech construction industry recovered in 2017 after experiencing a slowdown in 2016, supported by positive developments in regional economic conditions, coupled with financial assistance from the European Union (EU) for infrastructure development. In 2017, the European Investment Bank, the subsidiary of the EU, allocated CZK33.4 billion (US$1.4 billion) to develop the country’s transport, energy, research and development, and tourism infrastructure. 

Over the forecast period (2018–2022), the industry’s value is expected to be supported by government efforts to promote economic growth through large scale investments in transport, residential and commercial infrastructure projects. 

Moreover, access to EU structural funds under the Cohesion Policy 2014–2020 is expected to support funding towards construction projects. Consequently, the industry’s output value in real terms is expected to post a CAGR of 2.68% over the forecast period. 

Summary

Timetric’s Construction in the Czech Republic – Key Trends and Opportunities to 2022 report provides detailed market analysis, information and insights into the Czech construction industry, including:

• The Czech 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 Czech 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 the Czech Republic. It provides:

• Historical (2013-2017) and forecast (2018-2022) valuations of the construction industry in the Czech Republic, 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 Timetric'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 Timetric's critical and actionable insight.

• Assess business risks, including cost, regulatory and competitive pressures.

• Evaluate competitive risk and success factors.

Key Highlights

• Timetric expects the infrastructure construction market to retain its leading position over the forecast period, with a share of 31.6% of the industry’s total value in 2022. In August 2017, the Railway Infrastructure Administration (SZDC) launched the Program for the Reconstruction and Revitalization of Passenger Stations. Under the program, the SZDC announced plans to invest over CZK8.4 billion (US$352.6 million) between 2018 and 2022, to upgrade over 400 railway stations across the country.         
                                                                                                                                                                                                                                                                                                                                                                       • According to the Czech Statistical Office (CZSO), the total number of building permits issued in the country rose by 1.2% in 2017; this was preceded by an annual growth of 7.7% in 2016. The approximate value of total building permits issued grew by 16.9%, going from CZK192.0 billion (US$7.9 billion) in 2016 to CZK224.4 billion (US$9.4 billion) in 2017.
                                                                                                                                                                                                                                                                                                                                                                          • The government is focusing on internet infrastructure, which in turn will support the growth of the energy and utilities construction market over the forecast period.  In order to achieve the status of a digital economy, the government is implementing the National Plan for the Development of Next Generation Networks 2017–2023. Under this plan, the government aims to provide internet access with a speed of 30mbps to all households; and 100mbps to at least 50% of the country’s households by 2023. 
                                                                                                                                                                                                                                                                                                                                                                                • In a bid to address the growing air traffic congestion and increase the passenger handling capacity, in March 2017 the Czech Airports Authority announced plans to expand the Václav Havel Airport in Prague with an estimated investment of CZK26.2 billion (US$1.1 billion).

• The total construction project pipeline in the Czech Republic as tracked by the Construction Intelligence Center (CIC), including all mega projects with a value above US$25 million, stands at CZK478.2 billion (US$20.1 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards the early stages, with 61.9% of the pipeline value being in projects in the pre-planning and planning stages as of March 2018.
 Table of Content

1 Executive Summary

2 Construction Outlook: At-a-glance

3 Latest News and Indicators

4 Key Drivers and Risks
4.1 Economic Performance
4.2 Political Environment
4.3 Demographics
4.4 Risk Profile

5 Construction Outlook
5.1 All Construction
5.1.1 Outlook
5.1.2 Project analytics
5.2 Commercial Construction
5.2.1 Outlook
5.2.2 Project analytics
5.3 Industrial Construction
5.3.1 Outlook
5.3.2 Project analytics
5.4 Infrastructure Construction
5.4.1 Outlook
5.4.2 Project analytics
5.5 Energy and Utilities Construction
5.5.1 Outlook
5.5.2 Project analytics
5.6 Institutional Construction
5.6.1 Outlook
5.6.2 Project analytics
5.7 Residential Construction
5.7.1 Outlook
5.7.2 Project analytics

6 Key Industry Participants
6.1 Contractors
6.2 Consultants

7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 About Timetric
7.4 About CIC
7.5 Disclaimer
List of Tables

Table 1: Czech Republic, Key Economic Indicators
Table 2: Czech Republic, Construction Output Value (nominal, CZK Million)
Table 3: Czech Republic, Construction Output Value (nominal, US$ Million)
Table 4: Czech Republic, Top Commercial Construction Projects by Value
Table 5: Czech Republic, Top Industrial Construction Projects by Value
Table 6: Czech Republic, Top Infrastructure Construction Projects by Value
Table 7: Czech Republic, Top Energy and Utilities Construction Projects by Value
Table 8: Czech Republic, Top Institutional Construction Projects by Value
Table 9: Czech Republic, Top Residential and Mixed-Use Construction Projects by Value
Table 10: Czech Republic, Key Contractors
Table 11: Czech Republic, Key Consultants
Table 12: Timetric Construction Market Definitions
Table 13: Construction Risk Index Ratings and Scores

List of Figure

Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
Figure 2: Czech Republic, Construction Projects Pipeline by Sector (CZK Million)
Figure 3: Czech Republic, Approximate value of total building permits issued (CZK Million)
Figure 4: Czech Republic, House Prices Index
Figure 5: Czech Republic, Risk Comparison, Q4 2017
Figure 6: Czech Republic, Risk Comparison Review
Figure 7: Czech Republic, Construction Output Value (Real, US$ billion, 2010 prices and exchange rate)
Figure 8: Czech Republic, Construction Output Value, Growth Matrix
Figure 9: Czech Republic, Construction Output Value, by Sector (CZK Million), 2013–2022
Figure 10: Czech Republic, Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2017–2022
Figure 11: Czech Republic, Construction Projects Pipeline, Value by Stage (CZK Million)
Figure 12: Czech Republic, Commercial Construction Output by Project Type (CZK Million), 2013–2022
Figure 13: Czech Republic, Commercial Construction Projects Pipeline, Value by Stage (CZK Million)
Figure 14: Czech Republic, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million)
Figure 15: Czech Republic, Industrial Construction Output by Project Type (CZK Million), 2013–2022
Figure 16: Czech Republic, Industrial Construction Projects Pipeline, Value by Stage (CZK Million)
Figure 17: Czech Republic, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million)
Figure 18: Czech Republic, Infrastructure Construction Output by Project Type (CZK Million), 2013–2022
Figure 19: Czech Republic, Infrastructure Construction Projects Pipeline, Value by Stage (CZK Million)
Figure 20: Czech Republic, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million)
Figure 21: Czech Republic, Energy and Utilities Construction Output by Project Type (CZK Million), 2013–2022
Figure 22: Czech Republic, Energy and Utilities Construction Projects Pipeline, Value by Stage (CZK Million)
Figure 23: Czech Republic, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million)
Figure 24: Czech Republic, Institutional Construction Output by Project Type (CZK Million), 2013–2022
Figure 25: Czech Republic, Institutional Construction Projects Pipeline, Value by Stage (CZK Million)
Figure 26: Czech Republic, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million)
Figure 27: Czech Republic, Residential Construction Output by Project Type (CZK Million), 2013–2022
Figure 28: Czech Republic, Residential Construction Projects Pipeline, Value by Stage (CZK Million)
Figure 29: Czech Republic, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million)
Figure 30: Czech Republic, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 31: Czech Republic, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 32: Czech Republic, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 33: Czech Republic, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants) 



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