Dublin, June 04, 2024 (GLOBE NEWSWIRE) -- The "The Czech Republic Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.
Czech Republic's construction industry is forecast to record a subdued growth rate of 0.4% in real terms in 2024, as the country continues to face the effects of elevated inflation, such as the rising cost of both materials and labour, coupled with the continues weakness in the residential sector, thus effecting the overall construction industry.
The residential sector, which is the third largest sector is facing a downturn this year, due to rapid fall in the building permits. According to the Czech Statistical Office (CZSO), the total number of residential building permits issued in the country declined by 9.9% year on year (YoY) in the first two months of 2024, preceded by an annual decline of 18.7% in 2023.
Over the remainder of the forecast period, the construction industry is expected to rebound at an average annual growth rate of 3.9% during 2025-28, supported by public and private sector investments in the development of transportation, housing and energy sectors. The construction of the country's first high-speed railway line linking Prague, Usti nad Labem and the German city of Dresden, with an estimated investment of CZK150 billion ($6.7 billion) will support industry's output over the forecast period. The project involves the construction of 150km-long cross-border railway line, a two-track 46km railway line between Heidenau (DE) and Usti nad Labem (CZ) with a 30km-long tunnel through the Ore Mountains between Heidenau and Chabarovice.
Furthermore, the government's plan to increase the share of renewable energy in its total energy consumption from 13% in 2020 to 30% by 2030 and reduce greenhouse gas emissions by 30% by 2030. Moreover, to support this growth, the government allocated CZK12.4 billion ($556 million) to renewable energy projects as part of its National Recovery and Resilience Plan (NRRP).
The 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
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Czech construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Report Scope:
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in the Czech Republic, 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
Key Features:
- Identify and evaluate market opportunities using the analyst'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 the analyst's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
For more information about this report visit https://www.researchandmarkets.com/r/ofidf
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