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Date Created: 12/20/15
Construction in the Czech Republic - Key Trends and Opportunities to 2017 Synopsis This report provides detailed market analysis, information and insights into the Czech construction market, including: The Czech construction market’s growth prospects by sector, project type and type of construction activity Analysis of equipment, material and service costs across each project type within 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 market Assessment of the competitive forces facing the construction industry in the Czech Republic and profiles of the leading players Data highlights of the largest construction projects in the Czech Republic Executive summary The Czech construction industry saw a steady decline in activity during the review period, registering a CAGR of -5.65%. The country’s export-oriented manufacturing sector observed a fall in investment following the financial crisis. This, along with a decline in employment and low wage growth, led to a steady fall in domestic economic activity and demand for new construction projects. Supply has been hampered as developers are wary of the economic situation and have postponed new projects until conditions improve. The industry is expected to regain momentum over the forecast period, with growth expected at a moderate CAGR of 2.13%. Future growth will be aided by a recovery in business confidence, an increase in the number of smaller households, government plans to increase nuclear energy use to 50% of total energy consumption by 2060 and an expected increase in minimum wages, the first since 2007. Scope This report provides a comprehensive analysis of the construction industry in the Czech Republic: Historical (2008-2012) and forecast (2013-2017) valuations of the construction market in the Czech Republic using the 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 Assessment of the competitive environment using Porter’s Five Forces Detailed profiles of the leading construction companies in the Czech Republic Reasons to buy Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies Assess market growth potential at a micro-level via 600+ time series data forecasts Understand the latest industry and market trends Formulate and validate business strategies by leveraging our critical and actionable insight Assess business risks, including cost, regulatory and competitive pressures Evaluate competitive risk and success factors Key highlights The Czech economy contracted by 1.3% in 2012. This was mainly due to weak private consumption, gross fixed capital formation and a sharp drain in inventories. Private consumption declined by 3.6% in 2012, from 0.7% growth in 2011, owing to a slowdown in disposable income, labor markets and fiscal austerity measures. Construction in the Czech Republic - Key Trends and Opportunities to 2017 Gross capital formation also contracted by 3.3% in 2012 as investments slowed down due to weak export markets and excess available capacity. The unemployment rate rose marginally from 6.7% in 2011 to 6.8% in 2012. Weak economic growth prospects and the government’s fiscal austerity measures are expected to continue to negatively impact the unemployment situation in 2013. Unemployment is expected to reach 7.5% in 2013 and increase to 7.9% in 2014. However, it is expected to ease gradually from 2015 as domestic demand and the external environment improves. The Czech Republic’s construction industry continued its weak performance in 2012; construction output declined by 6.5%, while new orders contracted by 18.4%, and the number of building permits fell by 8.8% in 2012, compared to the levels recorded in 2011. The value of the construction industry declined by 20.8% in 2012, compared to the level in 2008. The industry is expected to decline further by 0.3% in 2013, due to low confidence among private investors and the restricted potential of the federal budget, as the government imposes specific austerity measures to control rising public debt. There has been an increase in the number of smaller households in the Czech Republic, owing to an increase in the number of people living without partners, an increase in the number of senior citizens, single-parent households, and a decline in the number of marriages. The number of single-person households grew by over 15% in the 1990s and is estimated to have increased by 10-20% per annum between 2001 and 2011. The rise in the number of smaller households is expected to increase demand for housing. The Czech Republic has plans to increase its usage of nuclear energy from 32% of total energy consumption in 2011 to over 50% by 2060. In accordance with the plan, two new nuclear power plants will be constructed, one each at Temelin and Dukovany, and further sites are expected to be identified in the coming years. The expansion plan is expected to drive infrastructure construction over the forecast period. The Czech Republic’s manufacturing sector is reliant on exports as a key source of revenue. The Eurozone crisis and slowdown in major global markets such as China and India resulted in a decline in investment in the sector during the review period, causing the manufacturing plants category to record a CAGR of -5.86%. However, an anticipated recovery in major European countries at the end of 2013 is expected to support the manufacturing sector to rebound and drive the growth of manufacturing plants construction over the forecast period to grow at a CAGR of 2.63%. table Of Contents 1 Executive Summary 2 Market Overview 2.1 The Domestic Economy 2.2 Key Trends And Issues 2.3 Key Construction Indicators 2.4 Benchmarking By Market Size And Growth 2.5 Price Dynamics 2.5.1 Salaries 2.5.2 Equipment 2.5.3 Materials 2.5.4 Energy Construction in the Czech Republic - Key Trends and Opportunities to 2017 2.6 Porters Five Forces Analysis 2.6.1 Bargaining Power Of Suppliers – High 2.6.2 Bargaining Power Of Buyers – Low 2.6.3 Barriers To Entry – High 2.6.4 Intensity Of Rivalry – High 2.6.5 Threat Of Substitution – Low 2.7 Demographic Profile 3 Commercial Construction 3.1 Performance Outlook 3.2 Key Drivers And Issues 3.3 Data And Projects Highlights 4 Industrial Construction 4.1 Performance Outlook 4.2 Key Drivers And Issues 4.3 Data And Project Highlights 5 Infrastructure Construction 5.1 Performance Outlook 5.2 Key Drivers And Issues 5.3 Data And Project Highlights 6 Institutional Construction 6.1 Performance Outlook 6.2 Key Drivers And Issues 6.3 Data And Projects Highlights 7 Residential Construction 7.1 Performance Outlook 7.2 Key Drivers And Issues 7.3 Data And Projects Highlights 8 Company Profile: Metrostav A.s. Development Public Co., Ltd 8.1 Metrostav A.s. Development Public Co., Ltd – Company Overview 8.2 Metrostav A.s. Development Public Co., Ltd – Main Services 8.3 Metrostav A.s. Development Public Co., Ltd – Company Information Construction in the Czech Republic - Key Trends and Opportunities to 2017 13.2 Commercial Construction 13.2.1 Commercial Construction Output By Project Type 13.2.2 Commercial Construction Output By Cost Type 13.2.3 Commercial Construction Output By Activity Type 13.2.4 Commercial Construction Value Add By Project Type 13.3 Industrial Construction 13.3.1 Industrial Construction Output By Project Type 13.3.2 Industrial Construction Output By Cost Type 13.3.3 Industrial Construction Output By Activity Type 13.3.4 Industrial Construction Value Add By Project Type 13.4 Infrastructure Construction 13.4.1 Infrastructure Construction Output By Project Type 13.4.2 Infrastructure Construction Output By Cost Type 13.4.3 Infrastructure Construction Output By Activity Type 13.4.4 Infrastructure Construction Value Add By Project Type 13.5 Institutional Construction 13.5.1 Institutional Construction Output By Project Type 13.5.2 Institutional Construction Output By Cost Type 13.5.3 Institutional Construction Output By Activity Type 13.5.4 Institutional Construction Value Add By Project Type 13.6 Residential Construction 13.6.1 Residential Construction Output By Project Type 13.6.2 Residential Construction Output By Cost Type 13.6.3 Residential Construction Output By Activity Type 13.6.4 Residential Construction Value Add By Project Type 14 Appendix 14.1 What Is This Report About? 14.2 Definitions 14.3 Summary Methodology 14.4 Methodology 14.5 Contact Timetric 14.6 About Timetric 14.7 Timetric’s Services 14.7.1 Core Capabilities Include: 14.8 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on Construction in the Czech Republic - Key Trends and Opportunities to 2017 which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: email@example.com Website: http://www.researchmoz.us/ Construction in the Czech Republic - Key Trends and Opportunities to 2017
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