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Construction in the Czech Republic - Key Trends and Opportunities to 2023

Construction in the Czech Republic - Key Trends and Opportunities to 2023

Summary

The Czech construction industry regained growth momentum in 2018, with output expanding by 6.9% in real terms - up from 2.8% in 2017. The industry’s output value, measured at constant 2017 US dollar exchange rates, increased from US$33.4 billion in 2017 to US$35.7 billion in 2018. Growth during the review period (2014-2018) averaged 2.5% a year, and was supported by positive developments in regional economic conditions and government investments in transport, commercial, residential and industrial construction projects. The total construction project pipeline in the Czech Republic including all mega projects with a value above US$25 million - stands at CZK574.6 billion (US$27.0 billion). The pipeline, which includes all projects from pre-planning to execution, is well balanced, with 49.2% of the pipeline value being in projects in the pre-execution and execution stages as of March 2019.

According to the Czech Statistical Office (CZSO), the country’s average construction production index at 2015 base prices rose by 8.4% in real terms, going from 97.5 in 2017 to 105.7 in 2018; this was preceded by annual growth of 3.3% in 2017 and annual contraction of 5.6% in 2016. The government’s efforts to enhance transport, commercial and industrial infrastructure will support the growth of the industry over the forecast period (2019-2023). The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 2.82% over the forecast period.

The industry’s output is expected to be supported by improvements in business confidence over the forecast period, which will drive investment in infrastructure, commercial, residential projects and energy infrastructure. The government plans to invest CZK3.5 trillion (US$162.4 billion) to develop the country’s overall infrastructure by 2030. The focus on the development of nuclear and renewable energy infrastructure is also expected to drive industry growth.

Infrastructure construction was the largest market in the Czech construction industry during the review period, accounting for 27.6% of its total value in 2018. The market is expected to follow a similar trend over the forecast period, with infrastructure construction accounting for 26.3% of the industry’s total value in 2023. Commercial construction accounted for 19.9% of the industry’s total output in 2018, followed by energy and utilities construction with 16.9%, residential construction with 15.8%, industrial construction with 14.5% and institutional construction with 5.2%.

Scope

  • This report provides a comprehensive analysis of the construction industry in the Czech Republic.
  • Historical (2014-2018) and forecast (2019-2023) 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 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.
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  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.


  • Executive Summary
  • Construction Outlook: At-a-glance
    • Table Construction Outlook
    • Table Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
    • Table Figure 2: The Czech Republic, Construction Projects Pipeline by Sector (CZK Billion)
  • Latest News and Indicators
    • Table Figure 3: Total Gross Fixed Capital Formation (CZK Million)
    • Table Figure 4: Total Value of New Orders for Construction (CZK Million)
    • Table Figure 5: Total Dwellings Started (Number)
  • Key Drivers and Risks
    • Economic Performance
      • Table The Czech Republic, Key Economic Indicators
    • Political Environment
    • Demographics
    • Risk Profile
      • Table Figure 6: The Czech Republic, Risk Profile
      • Table Figure 7: The Czech Republic, Risk Comparison
  • Construction Outlook
    • All Construction
      • Outlook
        • Table Figure 8: The Czech Republic, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
        • Table Figure 9: The Czech Republic, Construction Output Value, Growth Matrix
        • Table Figure 10: The Czech Republic, Construction Output Value, by Sector (CZK Million), 2014-2023
      • Project analytics
        • Table Figure 11: The Czech Republic, Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2018-2023
        • Table Figure 12: The Czech Republic, Construction Projects Pipeline, Value by Stage (CZK Million
        • Table The Czech Republic, Construction Output Value (nominal, CZK Million)
        • Table The Czech Republic, Construction Output Value (nominal, US$ Million)
    • Commercial Construction
      • Outlook
        • Table Figure 13: The Czech Republic, Commercial Construction Output by Project Type (CZK Million), 2014-2023
      • Project analytics
        • Table Figure 14: The Czech Republic, Commercial Construction Projects Pipeline, Value by Stage (CZK Million)
        • Table Figure 15: The Czech Republic, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2018-2023
        • Table The Czech Republic, Top Commercial Construction Projects by Value
    • Industrial Construction
      • Outlook
        • Table Figure 16: The Czech Republic, Industrial Construction Output by Project Type (CZK Million), 2014-2023
      • Project analytics
        • Table Figure 17: The Czech Republic, Industrial Construction Projects Pipeline, Value by Stage (CZK Million)
        • Table Figure 18: The Czech Republic, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2018-2023
        • Table The Czech Republic, Top Industrial Construction Projects by Value
    • Infrastructure Construction
      • Outlook
        • Table Figure 19: The Czech Republic, Infrastructure Construction Output by Project Type (CZK Million), 2014-2023
      • Project analytics
        • Table Figure 20: The Czech Republic, Infrastructure Construction Projects Pipeline, Value by Stage (CZK Million)
        • Table Figure 21: The Czech Republic, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2018-2023
        • Table The Czech Republic, Top Infrastructure Construction Projects by Value
    • Energy and Utilities Construction
      • Outlook
        • Table Figure 22: The Czech Republic, Energy and Utilities Construction Output by Project Type (CZK Million), 2014-2023
      • Project analytics
        • Table Figure 23: The Czech Republic, Energy and Utilities Construction Projects Pipeline, Value by Stage (CZK Million)
        • Table Figure 24: The Czech Republic, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2018-2023
        • Table The Czech Republic, Top Energy and Utilities Construction Projects by Value
    • Institutional Construction
      • Outlook
        • Table Figure 25: The Czech Republic, Institutional Construction Output by Project Type (CZK Million), 2014-2023
      • Project analytics
        • Table Figure 26: The Czech Republic, Institutional Construction Projects Pipeline, Value by Stage (CZK Million)
        • Table Figure 27: The Czech Republic, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2018-2023
        • Table The Czech Republic, Top Institutional Construction Projects by Value
    • Residential Construction
      • Outlook
        • Table Figure 28: The Czech Republic, Residential Construction Output by Project Type (CZK Million), 2014-2023
      • Project analytics
        • Table Figure 29: The Czech Republic, Residential Construction Projects Pipeline, Value by Stage (CZK Million)
        • Table Figure 30: The Czech Republic, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (CZK Million), 2018-2023
        • Table The Czech Republic, Top Residential and Mixed-Use Construction Projects by Value
  • Key Industry Participants
    • Contractors
      • Table The Czech Republic, Key Contractors
      • Table Figure 31: The Czech Republic, Headquarters of Key Contractors (% of Total Project Pipeline)
      • Table Figure 32: The Czech Republic, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
    • Consultants
      • Table The Czech Republic, Key Consultants
      • Table Figure 33: The Czech Republic, Headquarters of Key Consultants (% of Total Project Pipeline)
      • Table Figure 34: The Czech Republic, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
  • Appendix
    • What is this Report About?
    • Definitions
      • Table GlobalData Construction Market Definitions
      • Table Construction Risk Index Ratings and Scores
  • About GlobalData
    • GlobalData at a Glance
      • Table Figure 35: GlobalData at a Glance
    • GlobalData Construction
    • Disclaimer
    • Contact Us

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