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Construction in Romania – Key Trends and Opportunities to 2020

Construction in Romania – Key Trends and Opportunities to 2020

Synopsis

In real terms, the Romanian construction industry registered limited growth during the review period (2011–2015), due to low investments in construction projects during 2011–2012. Corruption allegations against politicians adversely affected investor confidence. The industry recovered in 2013 owing to the adoption of anti-corruption reforms and gradual improvements in the country’s political conditions. Consequently, the country’s construction industry posted growth of 5.0% in real terms that year.

The industry is expected to expand over the forecast period (2016–2020), driven by improvements in investor confidence and subsequent funding for infrastructure, residential, commercial and industrial projects.

The government’s Transport Master Plan, First Home program and Rural Development Program (RDP) will support industry growth over the forecast period.

The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 4.28% over the forecast period; up from 1.42% during the review period.

Over the forecast period, the government’s efforts to improve transport and residential infrastructure will support industry growth. In addition, the government’s aim to develop local energy resources and is expected to support investments in energy infrastructure projects, which will fuel industry growth.

Summary

Timetric’s Construction in Romania – Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the Romanian construction industry including:

  • Romanian construction industry's growth prospects by market, project type and construction activity
  • Analysis of equipment, material and service costs for each project type in Romania
  • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Romanian construction industry
  • Profiles of the leading operators in the Romanian construction industry
  • Data highlights of the largest construction projects in Romania
Scope

This report provides a comprehensive analysis of the construction industry in Romania. It provides:
  • Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in Romania using construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type
  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
  • Analysis of key construction industry issues, including regulation, cost management, funding and pricing
  • Detailed profiles of the leading construction companies in Romania
Reasons To Buy
  • Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Key Highlights
  • To improve transport infrastructure and promote economic growth, the government is planning to implement the transport master plan, which was approved by the European Commission (EC) in July 2015. Under this program, the government announced its intentions to invest RON190.4 billion (US$47.7 billion) to develop road, rail, water and air transport infrastructure until 2030.
  • With the aim of achieving self-sufficiency in energy production, the government is planning to invest RON491.0 billion (US$123.0 billion) under the energy strategy 2015–2035. This plan includes investments in energy, oil and gas, and mining infrastructure by 2035. To replace the aging energy production plants, the government is planning to add two new units to the nuclear plant located in Cernavoda, with an investment of RON29.5 billion (US$7.4 billion).
  • To develop small-scale rural infrastructure, the government is planning to invest RON36.7 billion (US$9.2 billion) under the RDP until 2020. This includes investments for the improvement of local road infrastructure for agricultural purposes and forestry roads.
  • With the aim of improving access to healthcare services, the government implemented the Health for Prosperity (2014–2020) National Health Strategy. As a part of this strategy, it seeks to promote healthcare as a key determinant for the development of economic and social conditions. Under the strategy, community healthcare will become cost-effective.
  • The World Bank granted a RON949.2 million (US$283.4 million) loan in March 2014 to help Romania improve and enhance its healthcare system. Effective until 2020, the project aims to improve efficiency, quality and access to public healthcare services by developing hospitals and the healthcare service-delivery network.


  • EXECUTIVE SUMMARY
  • INDUSTRY OUTLOOK
    • Commercial Construction
    • Industrial Construction
    • Infrastructure Construction
    • Energy and Utilities Construction
    • Institutional Construction
    • Residential Construction
  • KEY ISSUES AND DEVELOPMENTS
  • MARKET DATA ANALYSIS
    • Construction Output and Value Add
      • Construction output by project type
        • Table Romanian Construction Output by Project Type (RON Million), 2011-2015
        • Table Romanian Construction Output by Project Type (RON Million), 2015-2020
      • Construction output by cost type
        • Table Romanian Construction Output by Cost Type (RON Million), 2011-2015
        • Table Romanian Construction Output by Cost Type (RON Million), 2015-2020
      • Construction output by activity type
        • Table Romanian Construction Output by Activity Type (RON Million), 2011-2015
        • Table Romanian Construction Output by Activity Type (RON Million), 2015-2020
      • Construction value add by project type
        • Table Romanian Construction Value Add by Project Type (RON Million), 2011-2015
        • Table Romanian Construction Value Add by Project Type (RON Million), 2015-2020
    • Commercial Construction
      • Commercial construction output by project type
        • Table Romanian Commercial Construction Output by Project Type (RON Million), 2011-2015
        • Table Romanian Commercial Construction Output by Project Type (RON Million), 2015-2020
      • Commercial construction output by cost type
        • Table Romanian Commercial Construction Output by Cost Type (RON Million), 2011-2015
        • Table Romanian Commercial Construction Output by Cost Type (RON Million), 2015-2020
      • Commercial construction output by activity type
        • Table Romanian Commercial Construction Output by Activity Type (RON Million), 2011-2015
        • Table Romanian Commercial Construction Output by Activity Type (RON Million), 2015-2020
      • Commercial construction value add by project type
        • Table Romanian Commercial Construction Value Add by Project Type (RON Million), 2011-2015
        • Table Romanian Commercial Construction Value Add by Project Type (RON Million), 2015-2020
    • Industrial Construction
      • Industrial construction output by project type
        • Table Romanian Industrial Construction Output by Project Type (RON Million), 2011-2015
        • Table Romanian Industrial Construction Output by Project Type (RON Million), 2015-2020
      • Industrial construction output by cost type
        • Table Romanian Industrial Construction Output by Cost Type (RON Million), 2011-2015
        • Table Romanian Industrial Construction Output by Cost Type (RON Million), 2015-2020
      • Industrial construction output by activity type
        • Table Romanian Industrial Construction Output by Activity Type (RON Million), 2011-2015
        • Table Romanian Industrial Construction Output by Activity Type (RON Million), 2015-2020
      • Industrial construction value add by project type
        • Table Romanian Industrial Construction Value Add by Project Type (RON Million), 2011-2015
        • Table Romanian Industrial Construction Value Add by Project Type (RON Million), 2015-2020
    • Infrastructure Construction
      • Infrastructure construction output by project type
        • Table Romanian Infrastructure Construction Output by Project Type (RON Million), 2011-2015
        • Table Romanian Infrastructure Construction Output by Project Type (RON Million), 2015-2020
      • Infrastructure construction output by cost type
        • Table Romanian Infrastructure Construction Output by Cost Type (RON Million), 2011-2015
        • Table Romanian Infrastructure Construction Output by Cost Type (RON Million), 2015-2020
      • Infrastructure construction output by activity type
        • Table Romanian Infrastructure Construction Output by Activity Type (RON Million), 2011-2015
        • Table Romanian Infrastructure Construction Output by Activity Type (RON Million), 2015-2020
      • Infrastructure construction value add by project type
        • Table Romanian Infrastructure Construction Value Add by Project Type (RON Million), 2011-2015
        • Table Romanian Infrastructure Construction Value Add by Project Type (RON Million), 2015-2020
    • Energy and Utilities Construction
      • Energy and utilities construction output by project type
        • Table Romanian Energy and Utilities Construction Output by Project Type (RON Million), 2011-2015
        • Table Romanian Energy and Utilities Construction Output by Project Type (RON Million), 2015-2020
      • Energy and utilities construction output by cost type
        • Table Romanian Energy and Utilities Construction Output by Cost Type (RON Million), 2011-2015
        • Table Romanian Energy and Utilities Construction Output by Cost Type (RON Million), 2015-2020
      • Energy and utilities construction output by activity type
        • Table Romanian Energy and Utilities Construction Output by Activity Type (RON Million), 2011-2015
        • Table Romanian Energy and Utilities Construction Output by Activity Type (RON Million), 2015-2020
      • Energy and utilities construction value add by project type
        • Table Romanian Energy and Utilities Construction Value Add by Project Type (RON Million), 2011-2015
        • Table Romanian Energy and Utilities Construction Value Add by Project Type (RON Million), 2015-2020
    • Institutional Construction
      • Institutional construction output by project type
        • Table Romanian Institutional Construction Output by Project Type (RON Million), 2011-2015
        • Table Romanian Institutional Construction Output by Project Type (RON Million), 2015-2020
      • Institutional construction output by cost type
        • Table Romanian Institutional Construction Output by Cost Type (RON Million), 2011-2015
        • Table Romanian Institutional Construction Output by Cost Type (RON Million), 2015-2020
      • Institutional construction output by activity type
        • Table Romanian Institutional Construction Output by Activity Type (RON Million), 2011-2015
        • Table Romanian Institutional Construction Output by Activity Type (RON Million), 2015-2020
      • Institutional construction value add by project type
        • Table Romanian Institutional Construction Value Add by Project Type (RON Million), 2011-2015
        • Table Romanian Institutional Construction Value Add by Project Type (RON Million), 2015-2020
    • Residential Construction
      • Residential construction output by project type
        • Table Romanian Residential Construction Output by Project Type (RON Million), 2011-2015
        • Table Romanian Residential Construction Output by Project Type (RON Million), 2015-2020
      • Residential construction output by cost type
        • Table Romanian Residential Construction Output by Cost Type (RON Million), 2011-2015
        • Table Romanian Residential Construction Output by Cost Type (RON Million), 2015-2020
      • Residential construction output by activity type
        • Table Romanian Residential Construction Output by Activity Type (RON Million), 2011-2015
        • Table Romanian Residential Construction Output by Activity Type (RON Million), 2015-2020
      • Residential construction value add by project type
        • Table Romanian Residential Construction Value Add by Project Type (RON Million), 2011-2015
        • Table Romanian Residential Construction Value Add by Project Type (RON Million), 2015-2020
  • COMPANY PROFILE: S.C. TRANSILVANIA CONSTRUCTII SA
    • S.C. Transilvania Constructii SA - Company Overview
      • Table S.C. Transilvania Constructii SA, Key Facts
    • S.C. Transilvania Constructii SA - Main Services
      • Table S.C. Transilvania Constructii SA, Main Services
    • S.C. Transilvania Constructii SA - History
      • Table S.C. TransilvaniaConstructii SA, History
    • S.C. Transilvania Constructii SA - Company Information
      • S.C. Transilvania Constructii SA - key competitors
      • S.C. Transilvania Constructii SA - key employees
        • Table S.C. Transilvania Constructii SA, Key Employees
  • COMPANY PROFILE: IMPACT DEVELOPER & CONTRACTOR SA
    • Impact Developer& Contractor SA - Company Overview
      • Table Impact Developer & Contractor SA, Key Facts
    • Impact Developer & Contractor SA - Business Description
    • Impact Developer & Contractor SA - Main Products and Services
      • Table Impact Developer & Contractor SA, Main Products and Services
    • Impact Developer & Contractor SA - History
      • Table Impact Developer & Contractor SA, History
    • Impact Developer & Contractor SA - Company Information
      • Impact Developer & Contractor SA - key competitors
      • Impact Developer & Contractor SA - key employees
        • Table Impact Developer & Contractor SA, Key Employees
  • COMPANY PROFILE: S.C.METROUL SA
    • S.C.Metroul SA - Company Overview
      • Table S.C.Metroul SA, Key Facts
    • S.C.Metroul SA - Main Services
      • Table S.C.Metroul SA, Main Services
    • S.C.Metroul SA - History
      • Table S.C.Metroul SA, History
    • S.C.Metroul SA - Company Information
      • S.C.Metroul SA - key competitors
      • S.C.MetroulSA - key employee
        • Table S.C.MetroulSA, Key Employee
  • COMPANY PROFILE: PORR CONSTRUCT SRL
    • PORR Construct SRL - Company Overview
      • Table PORR Construct SRL, Key Facts
    • PORR Construct SRL - Main Services
      • Table PORR Construct SRL, Main Services
    • PORR Construct SRL - History
      • Table PORR Construct SRL, History
    • PORR Construct SRL - Company Information
      • PORR Construct SRL - key competitors
      • PORR Construct SRL - key employees
        • Table PORR Construct SRL, Key Employees
  • COMPANY PROFILE: S.C. COMNORD SA
    • S.C. Comnord SA - Company Overview
      • Table S.C. Comnord SA, Key Facts
    • S.C. Comnord SA - Main Products and Services
      • Table S.C. Comnord SA, Main Products and Services
    • S.C. Comnord SA - Company Information
      • S.C. Comnord SA - key competitors
      • S.C. ComnordSA - key employees
        • Table S.C. Comnord SA, Key Employees
  • APPENDIX
    • What is this Report About?
    • Definitions
      • Table Timetric Construction Market Definitions
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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