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The Czech construction industry is undergoing a testing period as a result of subdued economic activity. The industry went into recession and registered negative growth rates of -6.6%, 1.0%, 4.1% and -9.4% during the eurozone crisis (2009–2012), then started to show signs of improvement in the third quarter of 2013. To Get Details At : http://www.reportscue.com/construction-in-the-czech-republic-key-trends-and-opportunities-to-2018-market
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Main Title Market Research Report Construction in The Czech Republic – Key Trends and Opportunities to 2018 ©reportscue
Synopsis: This 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 type of construction activity • Analysis of equipment, material and service costs across 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
Report Overview:The Czech construction industry recorded a CAGR of -5.01% during the review period (2009–2013). The construction industry’s outlook is expected to be positive over the forecast period (2014–2018), with growth supported by road, rail and energy infrastructure expansion in the country. Rising export demand and improving employment conditions are likely to attract investments in the industrial and residential construction markets. CZK594.8 billion (US$30.3 billion) support through the European Union (EU) structural funds program over 2014–2020 will also help grow the country’s construction industry. The industry is expected to record a forecast-period nominal CAGR of 2.12%.
Scope :This report provides a comprehensive analysis of the construction industry in the Czech Republic. It provides: • Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in the Czech Republic using construction output and value-add methods • Segmentation by sector (commercial, industrial, infrastructure, 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
Key Highlights :• The Czech construction industry is undergoing a testing period as a result of subdued economic activity. The industry went into recession and registered negative growth rates of -6.6%, 1.0%, 4.1% and -9.4% during the eurozone crisis (2009–2012), then started to show signs of improvement in the third quarter of 2013. According to the Czech Statistical Office (CZSO), the construction industry’s output (in real terms) rose by 8.4% in the first quarter of 2014 as compared to the first-quarter of 2013 and by 2.4% when compared to the fourth quarter of 2013. The industry is set to grow further, both in 2014 and over the forecast period, due to improved economic conditions, low interest rates and increased investment. • In nominal terms, the total construction value add in the Czech Republic was CZK202.7 billion (US$10.4 billion) in 2013, after registering a nominal CAGR of -2.07% during the review period. The value add is anticipated to reach CZK226.3 billion (US$11.1 billion) in 2018 and record a nominal forecast-period CAGR of 0.05%, driven by the increase in building construction and civil engineering construction. According to CZSO, building construction rose by 11.0% and of civil engineering construction rose by 0.1% in the first quarter of 2014 compared to the same period in 2013. The overall outlook for construction in the Czech Republic over the forecast period remains positive.
• The country has one of the most highly developed transport networks in Central Europe, and is expected to develop over the forecast period. In November 2013, the Czech government gave consent for nationwide transport infrastructure construction through to 2020. The strategy was formulated to utilize European Union’s funds and invest a total of CZK67.1 billion (US$3.4 billion) for the construction of roads, rail and water infrastructure. Investment in roads will be dominated by the construction and repair work of motorways and expressways. The majority of funds will be directed towards the construction of railways with an increase in investment by CZK18.1 billion (US$928.5 million) in 2014 compared to 2013. The government is also looking for public-private partnership (PPP) contracts to modernize and develop transport networks in the country.
• According to the CZSO, construction index of new dwellings increased from 79.4 in the first quarter of 2013 to 104.8 in the first quarter of 2014, while the number of completed dwellings decreased by 16.8%, from 29,467 units in 2012 to 25,238 units in 2013. The country faces a housing shortage and this, together with easily accessible credit, has fuelled house price rises.• According to Czech National Bank (CNB), the total gross office take up activity in the country grew by 9.6% in 2013 on a year-on-year basis, along with the increase in total investment amounting to CZK41.3 billion (US$2.1 billion) in 2013. This growth was largely supported by the increase in share of renegotiations of existing office property projects. Renegotiations caused an increase of 6.4% in the proportion of existing projects and reached 49.4% in 2013 compared to the previous year. Therefore, increase in the investment and transaction volumes of commercial real estate properties in the Czech Republic will support growth of the office buildings category over the forecast period.
Reason To Buy :• Identify and evaluate market opportunities using our 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 business strategies using Timetric's critical and actionable insight • Assess business risks, including cost, regulatory and competitive pressures • Evaluate competitive risk and success factors To Get Details: http://www.reportscue.com/construction-in-the-czech-republic-key-trends-and-opportunities-to-2018-market