Latest Market research report on: Czech Republic construction Industry | Market Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Owing
to the effects of economic recession, construction activity in the
Czech Republic was weak during the review period (20122016). This led to
the implementation of various government austerity measures which
reduced the pace of investment in construction projects. The industrys
output value in real terms recorded a review-period compound annual
growth rate (CAGR) of 1.51%.
Over
the forecast period (20172021), the industry is expected to recover. A
gradual improvement in regional economic conditions, coupled with a
revival in both investor and consumer confidence, will support industry
growth.
The
European Union (EU)s move to provide funding to support the
implementation of transport infrastructure projects is expected to add
momentum to the industrys expansion.
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In
real terms, the industrys output value is expected to post a
forecast-period CAGR of 0.12%. The implementation of flagship programs
such as the 20142020 Operational Program for Transport, Social Housing
Concept of Czech Republic 20152025, and the Operational Program for
Research, Development and Education, will fuel industry growth.
Timetrics
'Construction in the Czech Republic, Key Trends and Opportunities to
2021' 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
- Analysis of equipment, material and service costs for each project type in the Czech Republic
- Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Czech construction industry
- Profiles of the leading operators in the Czech construction industry
- Data highlights of the largest construction projects in the Czech Republic
Scope
- This report provides a comprehensive analysis of the construction industry in the Czech Republic. It provides:
- Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in the Czech Republic 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 the Czech Republic
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
- The Czech Republic has had access to significant financial assistance from the EU, in the form of EU Structural Funds, since 2004. Under the Cohesion Policy 20142020, the EU announced plans to allocate over CZK529.3 billion (US$25.5 billion) until 2020 with a particular focus on effective energy management, education, employment, social cohesion and innovation.
- The governments focus on developing road infrastructure will support growth in the infrastructure construction market. Under the 2017 Federal Budget, the government announced plans to allocate CZK78.3 billion (US$3.2 billion) for the Transport Infrastructure Fund. The investment will be used for the repair and maintenance of class I, class II and class III roads.
- In October 2015, the government granted approval for the Social Housing Concept of Czech Republic 20152025 which was proposed by the Labor and Social Affairs Ministry. Under the program, the government aims to tackle issues associated with social housing and implement effective measures in order to provide housing accessibility to all sections of the population by 2025.
- According to the Czech Statistical Office (CZSO), the total number of building permits issued rose by 3.6%, from 80,478 in 2015 to 83,340 in 2016. This was preceded by annual contractions of 13.2% and 6.5% in 2013 and 2014 respectively, and an annual increase of 1.4% in 2015.
- Permits issued for residential buildings rose by 7.3%, from 28,886 in 2015 to 31,002 in 2016. On the other hand, permits for non-residential buildings grew by 8.6%, from 16,789 in 2015 to 18,229 in 2016. An increase in the number of building permits issued is expected to support new construction activity in the country.
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