Construction in Czech Republic - Key Trends and Opportunities to 2024

Construction in Czech Republic - Key Trends and Opportunities to 2024

Summary

Prior to the Coronavirus (COVID-19) outbreak, the Czech construction industry was struggling, with output declining by 2.4% in real terms in 2019, owing to weakness in both buildings and civil engineering works. In December 2019, the country’s president Milos Zeman warned about the slow pace of construction in housing and transport infrastructure projects in the country.

The COVID-19 outbreak and associated containment measures have further impacted the industry. According to the Czech Statistical Office (CZSO), the country’s seasonally adjusted average construction production index fell by 0.6% year-on-year in the first five months of 2020. Although building construction activities declined during that period, civil engineering works maintained strong growth. The industry’s growth will also be affected by the falling business confidence, with the average business confidence index in the construction industry falling from 127.5 in the first half of 2019 to 111.3 in the first half of 2020, according to the CZSO.

The government expects the outbreak of the pandemic to negatively affect the revenues of the municipalities, thereby weighing on their investment activities. To revive the economy by boosting investments and supporting jobs, in July 2020, the Chamber of Deputies, the lower house of the Czech Parliament, approved a proposal to increase the state budget deficit for 2020 to CZK500 billion (US$22.1 billion) - sharply up from the CZK40 billion (US$1.8 billion) previously planned in February 2020. Through this, the government plans to support the municipalities and regions by contributing to the repair of roads and increasing the amount of funds made available for investments by the State Transport Infrastructure Fund. This will provide some boost to the construction industry in the short and medium term.

Reflecting the disruptions caused by the pandemic coupled with the weak outlook for economic growth, GlobalData forecasts the construction industry to contract by 2.2% in 2020. Over the remaining part of the forecast period, output is expected to register an average annual growth rate of 2.4% between 2021-2024

This 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 Czech Republic. It provides -
  • Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in 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.
  • 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.


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. COVID-19 Status
4 Construction Outlook
4.1. All Construction
4.1.1. Outlook
4.1.2. Latest news and developments
4.1.3. Construction Projects Momentum Index
4.2. Commercial Construction
4.2.1. Outlook
4.2.2. Project analytics
4.2.3. Latest news and developments
4.3. Industrial Construction
4.3.1. Outlook
4.3.2. Project analytics
4.3.3. Latest news and developments
4.4. Infrastructure Construction
4.4.1. Outlook
4.4.2. Project analytics
4.4.3. Latest news and developments
4.5. Energy and Utilities Construction
4.5.1. Outlook
4.5.2. Project analytics
4.5.3. Latest news and developments
4.6. Institutional Construction
4.6.1. Outlook
4.6.2. Project analytics
4.6.3. Latest news and developments
4.7. Residential Construction
4.7.1. Outlook
4.7.2. Project analytics
4.7.3. 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
8 About GlobalData
8.1. GlobalData Construction
8.2. Disclaimer
8.3. Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: The Czech Republic, Key Economic Indicators
Table 3: The Czech Republic, Commercial Construction Output by Project Type (real % change), 2015-2024
Table 4: The Czech Republic, Top Commercial Construction Projects by Value
Table 5: The Czech Republic, Industrial Construction Output by Project Type (real % change), 2015-2024
Table 6: The Czech Republic, Top Industrial Construction Projects by Value
Table 7: The Czech Republic, Infrastructure Construction Output by Project Type (real % change), 2015-2024
Table 8: The Czech Republic, Top Infrastructure Construction Projects by Value
Table 9: The Czech Republic, Energy and Utilities Construction Output by Project Type (real % change), 2015-2024
Table 10: The Czech Republic, Top Energy and Utilities Construction Projects by Value
Table 11: The Czech Republic, Institutional Construction Output by Project Type (real % change), 2015-2024
Table 12: The Czech Republic, Top Institutional Construction Projects by Value
Table 13: The Czech Republic, Residential Construction Output by Project Type (real % change), 2015-2024
Table 14: The Czech Republic, Top Residential and Mixed-Use Construction Projects by Value
Table 15: The Czech Republic, Key Contractors
Table 16: The Czech Republic, Key Consultants
Table 17: The Czech Republic, Construction Output Value (Real, US$ Million)
Table 18: The Czech Republic, Construction Output Value (nominal, CZK Million)
Table 19: GlobalData Construction Market Definitions
List of Figures
Figure 1: Eastern Europe, Construction Output (real % change), 2020
Figure 2: The Czech Republic, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: The Czech Republic, COVID-19 Confirmed Cases
Figure 4: The Czech Republic, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate), 2015-2024
Figure 5: The Czech Republic, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
Figure 6: The Czech Republic, Construction Value-Add (CZK Billion, 2015 chain-linked volumes)
Figure 7: The Czech Republic, Construction Production Index, % change yearonyear (seasonally adjusted, 2015=100)
Figure 8: The Czech Republic, total gross fixed capital formation, % change yearonyear (2015 chain-linked volumes)
Figure 9: The Czech Republic, Total value of new orders for construction (CZK billion)
Figure 10: The Czech Republic, Approximate value of total building permits issued (CZK Billion)
Figure 11: The Czech Republic, Economic sentiment indicator, business and consumer confidence indicator
Figure 12: The Czech Republic, Construction Projects Momentum Index
Figure 13: The Czech Republic, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 14: The Czech Republic, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 15: The Czech Republic, Total arrivals and overnight stays of guests in collective accommodation establishments (% change year-on-year)
Figure 16: The Czech Republic, Retail trade sales index (excluding motor vehicles and motorcycles) (% change yearonyear)
Figure 17: The Czech Republic, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 18: The Czech Republic, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 19: The Czech Republic, Manufacturing Value-Add (CZK Billion, 2015 chain-linked prices)
Figure 20: The Czech Republic, Industrial and Manufacturing Production Index, % change year-on-year (2015=100)
Figure 21: The Czech Republic, Total value of exports (CZK Billion), in current prices
Figure 22: The Czech Republic, Total cars produced
Figure 23: The Czech Republic, New industrial orders index (2015=100)
Figure 24: The Czech Republic, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 25: The Czech Republic, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 26: The Czech Republic, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 27: The Czech Republic, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 28: The Czech Republic, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 29: The Czech Republic, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 30: The Czech Republic, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 31: The Czech Republic, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 32: The Czech Republic, Number of residential building permits
Figure 33: The Czech Republic, Total residential dwellings started (excluding extension work)
Figure 34: The Czech Republic, Total residential dwellings completed (excluding extension work)
Figure 35: The Czech Republic, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 36: The Czech Republic, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 37: GlobalData at a Glance

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