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Slovakia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

Publisher GlobalData
Published Feb 23, 2024
Length 26 Pages
SKU # GBDT18654399

Description

Slovakia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028


Summary

The construction industry in Slovakia is expected to shrink by 1.9% in real terms in 2024, owing to weak investor and consumer confidence amid rising interest rates, energy prices, construction materials prices, and a fall in the number of building permits. According to Slovak Republic (SOS), the total number of new building permits in the country declined by 21% year on year (YoY) in the first three quarters of 2023, compared by an annual decline of 6% in 2022. In addition, according to Eurostat, the construction producer cost index for new residential buildings rose by 12.6% YoY in the first nine months of 2023, following an annual increase of 21.7% in 2022.

The industry’s output is expected to rebound at an average annual growth rate of 3.8% from 2025 to 2028, supported by investments in infrastructure, energy, and industrial sector, which is backed by the European Union (EU) recovery funds. In July 2023, the European Commission approved the country’s modified Recovery and Resilience Facility (RRF) worth EUR6.4 billion ($6.5 billion) in grants, compared with the previous plan of EUR6 billion ($6.1 billion) grant in 2022. According to the modified plan, the total amount allocated to the renewable energy sector increased from 42% in June 2021 to 46% in July 2023. The plan also includes an allocation of EUR930 million ($952.3 million) for the modernization of the hospital, EUR759.3 million ($777.5 million) for the modernization of railways, 162 km of new cycling infrastructure and the installation of 3,000 charging stations. EUR575.2 million ($589 million) is set for research and development, EUR446.5 million ($457.2 million) for renovating 25,164 family houses, EUR368 million ($376.8 million) for decarbonization, and EUR141 million ($144.4 million) for improving pre-schools.

GlobalData’s Construction in Slovakia - Country Briefing (H1 2024) report provides detailed market analysis, information and insights into Slovakia’s construction industry, including -
  • Slovakia’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 Slovakia’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 Slovakia. It provides -
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Slovakia, 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

26 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Latest news and developments
4 Project analytics
5 Construction Market Data
6 Risk Profile
7 Appendix
7.1 Definitions
7.2 CRI Methodology
7.3 About GlobalData
8 Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Slovakia, Top Construction Projects by Value
Table 3: Slovakia, Construction Output Value (Real, $ Million)
Table 4: Slovakia, Construction Output Value (Nominal, EUR Million)
Table 5: GlobalData Construction Market Definitions
Table 6: Risk Dimensions
Table 7: Ratings, Scores and Definitions
List of Figures
Figure 1: Slovakia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019–28
Figure 2: Slovakia, Construction Output Value, by Sector (Real, $ Million), 2019–28
Figure 3: Eastern Europe, Construction Output (Real % Change), 2022–28
Figure 4: Slovakia, Construction Output by Sector (Real % Change), 2022–24 and 2025–28
Figure 5: Slovakia, Construction Value Add, EUR Million, 2015 Chained Prices
Figure 6: Slovakia, Construction Production Index (2015=100)
Figure 7: Slovakia, Construction Materials and Components Price Indices, 2015=100
Figure 8: Slovakia, Gross Fixed Capital Formation (EUR Million, Constant Prices)
Figure 9: Slovakia, Real Estate Value Add (EUR Million, 2015 Chained Prices)
Figure 10: Slovakia, Construction Producer Price Index for New Residential Buildings, 2015=100
Figure 11: Slovakia, New Orders in Industry (EUR Million)
Figure 12: Slovakia, Total Merchandise Exports (EUR Billion)
Figure 13: Slovakia, Number of Nights Spent by Visitors in Accommodation Establishments, In Thousands
Figure 14: Slovakia, Construction Retail Trade Turnover Index (2015=100)
Figure 15: Slovakia, Manufacturing Value Add (EUR Million, 2015 Chained Prices)
Figure 16: Slovakia, Institutional Value Add (EUR Million, 2015 Chained Prices)
Figure 17: Slovakia, Total Number of Building Permits Approved
Figure 18: Slovakia, Construction Projects Pipeline, Value by Stage ($ Million)
Figure 19: Slovakia, Risk Summary
Figure 20: Slovakia, Risk Regional Comparison

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