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Bulgaria Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027

Publisher GlobalData
Published Aug 31, 2023
Length 45 Pages
SKU # GBDT18249324

Description

Bulgaria Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027


Summary

GlobalData predicts that Bulgaria’s construction industry to remain weak in 2023, declining by 3.8% in real terms, following an annual contraction of 4.5% in 2022, owing to the impact of elevated costs for materials, energy and labor, supply chain disruptions, high inflation and interest rates, which are all expected to weigh on both economic and construction industry activity in the coming quarters. According to the National Statistical Institute (NSI), the country’s construction production index declined by 0.7% year on year (YoY) and that for civil engineering declined by 3.3% YoY in the first six months of 2023. Moreover, the total area of building permits issued for construction of new buildings declined by 12.6% YoY in the first six months of 2023, and total area of new building construction started declined by 5.9% YoY during the same period.

Over the remainder of the forecast period, between 2024 and 2027, Bulgaria’s construction industry is expected to record an annual average growth rate of 3.9%, supported by investment in transport, and renewable energy projects. According to the Electricity System Operator (ESO) of Bulgaria, the country plans to add 5.9GW power capacity by 2031, of which 4.9GW through renewable sources. The government investment in transportation and energy projects, as part of Bulgaria's National Recovery and Resilience Plan (NRRP), with funding from the EU’s grants will support the construction industry’s output over the forecast period.

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

45 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
About GlobalData
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, Construction Output (Real % Change), 2021-27
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 in Construction (BGN Million, 2015 Chain Linked Volumes)
Figure 10: Bulgaria, Loans Awarded to the Construction Industry (BGN Million)
Figure 11: Bulgaria, Building Permits Issued for Construction of New Buildings (Gross Building Area - in 1,000m2)
Figure 12: Bulgaria, Construction of New Buildings Started (Gross Building Area - in 1,000m2)
Figure 13: Bulgaria, Construction Projects Momentum Index
Figure 14: Bulgaria, Commercial Construction Output by Project Type (Real, $ Million), 2018-27
Figure 15: Bulgaria, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Bulgaria, Wholesale and Retail Trade Value Add (BGN Million, 2015 Prices)
Figure 17: Bulgaria, Overnight Stays (In Number, Thousands)
Figure 18: Bulgaria, Industrial Construction Output by Project Type (Real, $ Million), 2018-27
Figure 19: Bulgaria, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 20: Bulgaria, Industrial Production Index (Unadjusted, 2015=100)
Figure 21: Bulgaria, Total Exports (BGN Billion)
Figure 22: Bulgaria, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27
Figure 23: Bulgaria, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 24: Bulgaria, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018-27
Figure 25: Bulgaria, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Bulgaria, Institutional Construction Output by Project Type (Real, $ Million), 2018-27
Figure 27: Bulgaria, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Bulgaria, Administrative Building Permits (Gross Building Area - in 1,000m2)
Figure 29: Bulgaria, Construction of New Administrative Buildings Started (Gross Building Area - in 1,000m2)
Figure 30: Bulgaria, Residential Construction Output by Project Type (Real, $ Million), 2018-27
Figure 31: Bulgaria, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Bulgaria, Real Estate Activities Value Add (BGN Million, 2015 Prices)
Figure 33: Bulgaria, Gross Fixed Capital Formation in Dwellings (BGN Million, 2015 Chain Linked Volumes)
Figure 34: Bulgaria, Residential Building Permits Issued (Gross Building Area - in 1,000m2)
Figure 35: Bulgaria, Construction of New Buildings Started (Gross Building Area - in 1,000m2)
Figure 36: Bulgaria, Loans for the Real Estate Sector (BGN Million)
Figure 37: Bulgaria, House Price Index (2015=100)
Figure 38: Bulgaria, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 39: Bulgaria, Headquarters of Key Consultants (% of Total Project Pipeline)

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