ResearchMoz.us include new market research report"Construction in Croatia - Key Trends and Opportunities to 2019 " to its huge collection of research reports.
Synopsis
Timetric’s Construction in Croatia – Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into the Croatian construction industry including:
The Croatian construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs for each project type in Croatia
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Croatian construction industry
Profiles of the leading operators in the Croatian construction industry
Data highlights of the largest construction projects in Croatia
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Executive summary
Croatia’s construction industry has suffered a dramatic decline since the global financial crisis. In real terms, the Croatian construction industry’s output contracted by 6.1% in 2014, following an average annual decline of 10.0% over the preceding four years. Weak business confidence and consumer demand, high unemployment, a large budget deficit, depressed economic conditions in the eurozone and public spending cuts affected demand for construction during the review period (2010–2014).
The industry is expected to fare slightly better over the forecast period (2015–2019), however, with new investment in transport infrastructure, energy, industrial and commercial projects, and improving investor confidence as regional and global economic conditions improve. The industry’s output value is forecast to increase marginally in real terms, picking up from a compound annual growth rate (CAGR) of -7.77% during the review period to 0.28% over the forecast period.
Scope
This report provides a comprehensive analysis of the construction industry in Croatia. It provides:
Historical (2010-2014) and forecast (2015-2019) valuations of the construction industry in Croatia 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 Croatia
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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 business strategies 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 Croatian construction industry is undergoing a challenging period as a result of subdued economic activity. The industry went into recession, contracting by -15%, -10%, -10.4%, -4.4% and -6.1% in real terms in 2010, 2011, 2012, 2013 and 2014 respectively. According to the Croatian Bureau of Statistics (CBS), the country’s annual average construction work index declined by 5.3 points, going from 73.9 in 2013 to 68.6 in 2014. The construction work index for buildings declined by 2.8% over the same period, going from 62.6 to 60.8, while that of civil engineering construction work declined by 10.7%, going from 85.8 to 76.7. Moreover, the total construction work index declined by 1.2% during the first quarter of 2015, compared to that of 2014.
To improve rail infrastructure, cut travel times, increase access and improve transport services, HŽ Infrastructure, the state-owned railway infrastructure operator, is modernizing the country’s rail network. Accordingly, the government aims to construct second tracks on the most congested lines by 2016 in a bid to increase capacities and rail speeds.
The Croatian construction industry is expected to be supported by EU grants to develop the country’s infrastructure. In order to co-finance priority projects in Croatia, the European Investment Bank (EIB) is providing a HRK2.3 billion (US$365.1 million) loan, the first tranche of a total loan of HRK23.5 billion (US$730.2 million) to the country over 2014–2020.
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The Croatian government is expanding Zagreb Airport to cope with rising demand for air travel from both domestic and international passengers, handle the growing number of air passengers and provide additional capacity to alleviate congestion. Accordingly, the EIB is providing HRK605.9 million (US$106.2 million) funding under the public-private partnership (PPP) model to construct the first phase of the project. It involves the construction of a 65,000m2 passenger terminal building and other related infrastructure that will increase the airport’s passenger-handling capacity to 5.0 million per year. It is expected to be completed by the end of 2016.
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