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

Publisher GlobalData
Published Jan 25, 2023
Length 48 Pages
SKU # GBDT17791204

Description

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

Summary

The Bulgarian construction industry is expected to contract by 3.9% in real terms in 2023, owing to weak economic condition, high inflation, increased construction material prices, and supply chain disruptions caused by the Russia-Ukraine conflict. The industry plummeted in 2022. According to preliminary data released by the National Statistical Institute (NSI), the industry’s value-add at average 2015 prices fell by 17.7% year on year (YoY) in Q3 2022, following the Y-o-Y decline of 12.1% in Q2 and 4.2% in Q1 2022. In addition, the ongoing conflict between Russia and Ukraine is expected to slow industrial and economic output in the coming quarters of 2023 and weaken consumer and investor confidence.

Over the remainder of the forecast period, the industry is expected to grow at an annual average rate of 4.7% between 2024-27, supported by investments in the transport and energy sectors. The Bulgarian Government’s initiative of implementing the Transmission Line Upgrade Program which includes the construction of power grids, and substations, the installation of transmission towers and safety and security systems, and the laying of transmission lines involves a total investment of BGN1.9 billion ($948 million). Forecast period growth will also be supported by a joint investment in railway infrastructure, with the Bulgarian transport ministry and the European Union (EU), between 2021 and 2027, under the operational program “Transport Connectivity 2021-2027”. Under this program, in October 2022, the EU allocated BGN3.1 billion ($1.6 billion) for the improvement of the quality of road, rail, and maritime infrastructure.

The report provides detailed market analysis, information, and insights into the Bulgarian construction industry, including -
  • The Bulgarian 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 Bulgarian 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 Bulgaria. It provides -
  • Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Bulgaria, 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.

Table of Contents

48 Pages
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: Bulgaria, Key Economic Indicators
Table 3: Bulgaria, Commercial Construction Output by Project Type (Real % Change), 2018-27
Table 4: Bulgaria, Top Commercial Construction Projects by Value
Table 5: Bulgaria, Industrial Construction Output by Project Type (Real % Change), 2018-27
Table 6: Bulgaria, Top Industrial Construction Projects by Value
Table 7: Bulgaria, Infrastructure Construction Output by Project Type (Real % Change), 2018-27
Table 8: Bulgaria, Top Infrastructure Construction Projects by Value
Table 9: Bulgaria, Energy and Utilities Construction Output by Project Type (Real % Change), 2018-27
Table 10: Bulgaria, Top Energy and Utilities Construction Projects by Value
Table 11: Bulgaria, Institutional Construction Output by Project Type (Real % Change), 2018-27
Table 12: Bulgaria, Top Institutional Construction Projects by Value
Table 13: Bulgaria, Residential Construction Output by Project Type (Real % Change), 2018-27
Table 14: Bulgaria, Top Residential Construction Projects by Value
Table 15: Bulgaria, Key Contractors
Table 16: Bulgaria, Key Consultants
Table 17: Bulgaria, Construction Output Value (Real, $ Million)
Table 18: Bulgaria, Construction Output Value (Nominal, BGN 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), 2020-26
Figure 2: Bulgaria, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
Figure 3: Bulgaria, Risk Summary
Figure 4: Bulgaria, Risk Regional Comparison
Figure 5: Bulgaria, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018-27
Figure 6: Bulgaria, Construction Output Value, by Sector (Real, $ Million), 2018-27
Figure 7: Bulgaria, Construction Value Add (BGN Million, 2015 Prices)
Figure 8: Bulgaria, Construction Production Index (Unadjusted, 2015=100)
Figure 9: Bulgaria, Gross Fixed Capital Formation (BGN Million, Current Prices)
Figure 10: Bulgaria, Loans Awarded to the Construction Industry, In BGN Million
Figure 11: Bulgaria, Construction Projects Momentum Index
Figure 12: Bulgaria, Commercial Construction Output by Project Type (Real, $ Million), 2018-27
Figure 13: Bulgaria, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 14: Bulgaria, Overnight Stays (In Number)
Figure 15: Bulgaria, Wholesale and Retail Trade Value Add (BGN Million, 2015 Prices)
Figure 16: Bulgaria, Industrial Construction Output by Project Type (Real, $ Million), 2018-27
Figure 17: Bulgaria, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: Bulgaria, Industrial and Manufacturing Production Indices, (Unadjusted, 2015=100), YoY % Change
Figure 19: Bulgaria, Exports (BGN Billion)
Figure 20: Bulgaria, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27
Figure 21: Bulgaria, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Bulgaria, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018-27
Figure 23: Bulgaria, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 24: Bulgaria, Institutional Construction Output by Project Type (Real, $ Million), 2018-27
Figure 25: Bulgaria, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Bulgaria, Administrative building permits (Gross building area - in 1,000m2)
Figure 27: Bulgaria, Residential Construction Output by Project Type (Real, $ Million), 2018-27
Figure 28: Bulgaria, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Bulgaria, Real estate Value Add (BGN Million, 2015 prices)
Figure 30: Bulgaria, Residential Building Permits (Gross building area - in 1,000m2)
Figure 31: Bulgaria, House Price Index (2015=100)
Figure 32: Bulgaria, Loans for the Real Estate Sector, in BGN Million
Figure 33: Bulgaria, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 34: Bulgaria, Headquarters of Key Consultants (% of Total Project Pipeline)

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