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Slovakia Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Publisher GlobalData
Published Aug 13, 2024
Length 25 Pages
SKU # GBDT19177588

Description

Slovakia Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)


Summary

GlobalData’s Construction in Slovakia - Country Briefing (H2 2024) report provides detailed market analysis, information, and insights into the Slovakian construction industry, including-
  • The Slovakian 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 Slovakian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
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, and construction materials prices, and a fall in the number of permits issued. According to the Statistical Office of the Slovak Republic (SOS), the total number of new building permits issued in the country declined by 20.8% year-on-year (YoY) in Q1 2024, decreasing from 2,290 units in Q1 2023 to 2,297 units that quarter. This was preceded by an annual decline of 22% in 2023. In another setback to the industry, the construction producer cost index for new residential buildings also rose by 5.9% YoY in the first six months of 2024, according to Eurostat, which was preceded by an annual increase of 11.4% in 2023.

The Slovakian construction industry is expected to rebound at an average annual growth rate of 4% from 2025 to 2028, supported by investments in infrastructure, energy, and industrial sectors, aided by European Union (EU) recovery funds. The European Commission approved the fourth disbursement of EUR923 million ($978.4 million) under Slovakia’s Recovery and Resilience Plan, in July 2024. After deducting part of the pre-financing that Slovakia has already received, the country is expected to receive EUR798 million ($845.9 million) in financing by the end of summer 2024. Together with the previous three payment requests, the country has already received over EUR3 billion ($3.2 billion) from the EU, as of early July 2024. This funding will be used to implement reforms and investments of the recovery plan.

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

25 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
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: Eastern Europe, 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 (LCU Million, 2015 Constant 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, 2021=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, Construction Projects Pipeline, Value by Stage ($ Million)

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