Construction in the Czech Republic – Key Trends, Growth and Opportunities to 2022

Market Research HUB Market Research HUB

Albany, US, 2018-Mar-27 — /EPR Network/ — Market  Research HUB has added a new report titled “Construction in Czech Republic – Key Trends & Opportunities to 2022” to its vast collection of market reports.The Czech construction industry recovered in 2017 after experiencing a slowdown in 2016, supported by positive developments in regional economic conditions, coupled with financial assistance from the European Union (EU) for infrastructure development. In 2017, the European Investment Bank, the subsidiary of the EU, allocated CZK33.4 billion (US$1.4 billion) to develop the country’s transport, energy, research and development, and tourism infrastructure.

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Over the forecast period (2018- 2022), the industry’s value is expected to be supported by government efforts to promote economic growth through large scale investments in transport, residential and commercial infrastructure projects.

Moreover, access to EU structural funds under the Cohesion Policy 2014 – 2020 is expected to support funding towards construction projects. Consequently, the industry’s output value in real terms is expected to post a CAGR of 2.68% over the forecast period.

Summary
Construction in the Czech Republic Key Trends and Opportunities to 2022 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.

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

– Historical (2013-2017) and forecast (2018-2022) 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

Browse Full Report with TOC- https://www.marketresearchhub.com/report/construction-in-the-czech-republic-key-trends-and-opportunities-to-2022-report.html

Key Highlights
Report expects the infrastructure construction market to retain its leading position over the forecast period, with a share of 31.6% of the industrys total value in 2022. In August 2017, the Railway Infrastructure Administration (SZDC) launched the Program for the Reconstruction and Revitalization of Passenger Stations. Under the program, the SZDC announced plans to invest over CZK8.4 billion (US$352.6 million) between 2018 and 2022, to upgrade over 400 railway stations across the country.

According to the Czech Statistical Office (CZSO), the total number of building permits issued in the country rose by 1.2% in 2017; this was preceded by an annual growth of 7.7% in 2016. The approximate value of total building permits issued grew by 16.9%, going from CZK192.0 billion (US$7.9 billion) in 2016 to CZK224.4 billion (US$9.4 billion) in 2017.
The government is focusing on internet infrastructure, which in turn will support the growth of the energy and utilities construction market over the forecast period. In order to achieve the status of a digital economy, the government is implementing the National Plan for the Development of Next Generation Networks 20172023. Under this plan, the government aims to provide internet access with a speed of 30mbps to all households; and 100mbps to at least 50% of the country’s households by 2023.
In a bid to address the growing air traffic congestion and increase the passenger handling capacity, in March 2017 the Czech Airports Authority announced plans to expand the Vclav Havel Airport in Prague with an estimated investment of CZK26.2 billion (US$1.1 billion).The total construction project pipeline in the Czech Republic as tracked by the Construction Intelligence Center (CIC), including all mega projects with a value above US$25 million, stands at CZK478.2 billion (US$20.1 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards the early stages, with 61.9% of the pipeline value being in projects in the pre-planning and planning stages as of March 2018.

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