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Construction in the Czech Republic - Key Trends and Opportunities to 2020

  • February 2016
  • -
  • Timetric
  • -
  • 70 pages

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Synopsis
The Czech Republic’s construction industry shrank during the review period (2011–2015), reflecting weak business confidence and consumer demand, depressed economic conditions and socio-political instability.

The industry’s output value in real terms recorded a compound annual growth rate (CAGR) of 1.18% during this period.

The construction industry’s forecast-period (2016–2020) outlook is positive, with growth supported by road, rail and energy infrastructure expansion projects.

Rising export demand and improving employment conditions are expected to attract investments in the industrial and residential construction markets.

Public and private sector investments under the National Development Strategy 2011–2016, the National Tourism Development Strategy 2014–2020 and the European Union (EU) Cohesion Policy 2014–2020 are expected to bolster construction activity.

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

- 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 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 Czech Republic

Scope
This report provides a comprehensive analysis of the construction industry in Czech Republic. It provides:

- Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in 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 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 country’s construction industry underwent a difficult period during the review period, as evidenced by a decline in the number of building permits issued. According to the Czech Statistical Office (CZSO), the total number of building permits issued fell by 6.5%, from 84,864 in 2013 to 79,357 in 2014. In terms of type of construction, permits for residential buildings fell by 4.6%, from 29,475 in 2013 to 28,127 in 2014, whereas, permits for non-residential building declined by 7.4%, from 18,929 to 17,527 during the same period. However, in the first eleven months of 2015, the total building permits grew marginally by 0.9% annually, from 73,559 in January–November 2014 to 74,239 in January–November 2015.

- According to the CZSO, residential property prices increased during the first nine months of 2015, backed by growth in demand due to improving business confidence and low interest rates. The country’s house price index rose by 3.8% in the first nine months of 2015, from 100.6 in January–September 2014 to 104.4 in January–September 2015, whereas the average indices of offering prices of apartments grew by 4.9%, from 100.6 to 105.5 during the same period.

- The Czech government invested in road construction during the review period and will continue to invest in new projects over the forecast period, including the construction of the Prague bypass road, R35 expressway section and repair of the D1 motorway between Mirocovice and Kyvalka.

- Government efforts to balance supply and demand for energy are expected to support the growth of the energy and utilities construction market over the forecast period. In order to provide reliable, environmentally friendly and safe energy supply, the government published its national energy policy in May 2015. Under which, the government plans to increase the share of nuclear energy in the total electricity generation mix from 35% in 2014 to 46–58% by 2040.

- The country has one of the most highly developed transport networks in Central Europe. To maintain its position, continued investments are expected in infrastructure over the forecast period.

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