Construction in Croatia - Key Trends and Opportunities to 2021

Published: Nov, 2017 | Pages: 71 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Synopsis

Following a period of negative growth during 2012-2014 owing to the economic recession, the Croatian construction industry recovered in 2015. This recovery continued in 2016 backed by a gradual improvement in economic conditions. Consequently, resurgence in investor confidence accelerated the pace of investment in construction projects in the country.

Over the forecast period (2017-2021), the industry is expected to continue to expand, supported by government efforts to promote economic growth through increased investment in public infrastructure and residential construction projects.

The government's aim to achieve self-sufficiency in energy production is expected to support the industry's expansion over the forecast period. Additionally, the country's strong export trade activity is expected to offer a positive outlook for the industry in the years to come. The industry's output value in real terms is expected to register a compound annual growth rate (CAGR) of 2.32% over the forecast period, up from -1.39% during the review period (2012-2016).

Summary

Timetric's Construction in Croatia - Key Trends and Opportunities to 2021 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 construction activity

• 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

Scope

This report provides a comprehensive analysis of the construction industry in Croatia. It provides:

• Historical (2012-2016) and forecast (2017-2021) 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 sub-sector

• 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)

• Detailed profiles of the leading construction companies in Croatia

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 strategy 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 European Union (EU) has been playing a vital role in promoting economic growth by financing infrastructure projects in the country. With the aim of improving regional connectivity between Križevci and Dugo Selo, the EU, in August 2017, announced plans to invest HRK1.2 billion (US$172.2 million) to develop railway lines between these regions.

• Positive developments in the country's housing sector are expected to support the expansion of the residential construction market over the forecast period. The government is planning to subsidize 50.0% of housing loan installments of first-time buyers for a minimum period of four years. This is expected to accelerate the demand for new housing units over the forecast period. According to Timetric, the residential construction market is expected to record a nominal forecast-period CAGR of 3.68%, as compared to 2.08% registered during the review period.

• Government focus on reducing dependency on energy imports is expected to drive funds towards new energy infrastructure projects over the forecast period. For example, to meet rising demand for energy in Osijek region, in July 2016 the Croatian Energy Regulatory Agency announced plans to construct a new heat and power-generation plant with a capacity to generate 500MW of energy. With an estimated investment of HRK4.2 billion (US$619.0 million), the project includes the construction of a powerhouse, substation, transformers, turbines, generators, transmission lines and other related infrastructure.

• Croatia's prosperous tourism sector is expected to support the expansion of leisure and hospitality buildings category over the forecast period. In February 2016, the Ministry of Tourism announced plans to invest HRK18.4 billion (US$2.7 billion) until 2020 to construct new hotels in the country, with a capacity of 20,000 rooms.

• On the back of a growing number of tourists visiting the country, the government is focusing on expanding the country's airports. In August 2016, the government announced plans to construct a new terminal at Split Airport with an investment of HRK485.3 million (US$71.3 million). On successful completion in 2019, the airport is expected to handle 3.5 million passengers per annum.

 Table of Contents

1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: Graditeljsko Dionicko Drustvo Viadukt
5.1 Graditeljsko Dionicko Drustvo Viadukt - Company Overview
5.2 Graditeljsko Dionicko Drustvo Viadukt - Main Products and Services
5.3 Graditeljsko Dionicko Drustvo Viadukt - History
5.4 Graditeljsko Dionicko Drustvo Viadukt - Company Information
5.4.1 Graditeljsko Dionicko Drustvo Viadukt - key competitors
5.4.2 Graditeljsko Dionicko Drustvo Viadukt - key employees
6 Company Profile: Hidroelektra Niskogradnja dd
6.1 Hidroelektra Niskogradnja dd - Company Overview
6.2 Hidroelektra Niskogradnja dd - Main Products and Services
6.3 Hidroelektra Niskogradnja dd - History
6.4 Hidroelektra Niskogradnja dd - Company Information
6.4.1 Hidroelektra Niskogradnja dd - key competitors
6.4.2 Hidroelektra Niskogradnja dd - key employees
7 Company Profile: Ingra dd
7.1 Ingra dd - Company Overview
7.2 Ingra dd - Main Services
7.3 Ingra dd - History
7.4 Ingra dd - Company Information
7.4.1 Ingra dd - key competitors
7.4.2 Ingra dd - key employees
8 Company Profile: Elektroprojekt dd
8.1 Elektroprojekt dd - Company Overview
8.2 Elektroprojekt dd - Main Services
8.3 Elektroprojekt dd - History
8.4 Elektroprojekt dd - Company Information
8.4.1 Elektroprojekt dd - key competitors
8.4.2 Elektroprojekt dd - key employees
9 Company Profile: Dalekovod dd
9.1 Dalekovod dd - Company Overview
9.2 Dalekovod dd - Business Description
9.3 Dalekovod dd - Main Products and Services
9.4 Dalekovod dd - History
9.5 Dalekovod dd - Company Information
9.5.1 Dalekovod dd - key competitors
9.5.2 Dalekovod dd - key employees
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetric's Services
10.7 Disclaimer

List of Tables

Table 1: Croatian Construction Output by Project Type (HRK Million), 2012-2016
Table 2: Croatian Construction Output by Project Type (HRK Million), 2016-2021
Table 3: Croatian Construction Output by Cost Type (HRK Million), 2012-2016
Table 4: Croatian Construction Output by Cost Type (HRK Million), 2016-2021
Table 5: Croatian Construction Output by Activity Type (HRK Million), 2012-2016
Table 6: Croatian Construction Output by Activity Type (HRK Million), 2016-2021
Table 7: Croatian Construction Value Add by Project Type (HRK Million), 2012-2016
Table 8: Croatian Construction Value Add by Project Type (HRK Million), 2016-2021
Table 9: Croatian Commercial Construction Output by Project Type (HRK Million), 2012-2016
Table 10: Croatian Commercial Construction Output by Project Type (HRK Million), 2016-2021
Table 11: Croatian Commercial Construction Output by Cost Type (HRK Million), 2012-2016
Table 12: Croatian Commercial Construction Output by Cost Type (HRK Million), 2016-2021
Table 13: Croatian Commercial Construction Output by Activity Type (HRK Million), 2012-2016
Table 14: Croatian Commercial Construction Output by Activity Type (HRK Million), 2016-2021
Table 15: Croatian Commercial Construction Value Add by Project Type (HRK Million), 2012-2016
Table 16: Croatian Commercial Construction Value Add by Project Type (HRK Million), 2016-2021
Table 17: Croatian Industrial Construction Output by Project Type (HRK Million), 2012-2016
Table 18: Croatian Industrial Construction Output by Project Type (HRK Million), 2016-2021
Table 19: Croatian Industrial Construction Output by Cost Type (HRK Million), 2012-2016
Table 20: Croatian Industrial Construction Output by Cost Type (HRK Million), 2016-2021
Table 21: Croatian Industrial Construction Output by Activity Type (HRK Million), 2012-2016
Table 22: Croatian Industrial Construction Output by Activity Type (HRK Million), 2016-2021
Table 23: Croatian Industrial Construction Value Add by Project Type (HRK Million), 2012-2016
Table 24: Croatian Industrial Construction Value Add by Project Type (HRK Million), 2016-2021
Table 25: Croatian Infrastructure Construction Output by Project Type (HRK Million), 2012-2016
Table 26: Croatian Infrastructure Construction Output by Project Type (HRK Million), 2016-2021
Table 27: Croatian Infrastructure Construction Output by Cost Type (HRK Million), 2012-2016
Table 28: Croatian Infrastructure Construction Output by Cost Type (HRK Million), 2016-2021
Table 29: Croatian Infrastructure Construction Output by Activity Type (HRK Million), 2012-2016
Table 30: Croatian Infrastructure Construction Output by Activity Type (HRK Million), 2016-2021
Table 31: Croatian Infrastructure Construction Value Add by Project Type (HRK Million), 2012-2016
Table 32: Croatian Infrastructure Construction Value Add by Project Type (HRK Million), 2016-2021
Table 33: Croatian Energy and Utilities Construction Output by Project Type (HRK Million), 2012-2016
Table 34: Croatian Energy and Utilities Construction Output by Project Type (HRK Million), 2016-2021
Table 35: Croatian Energy and Utilities Construction Output by Cost Type (HRK Million), 2012-2016
Table 36: Croatian Energy and Utilities Construction Output by Cost Type (HRK Million), 2016-2021
Table 37: Croatian Energy and Utilities Construction Output by Activity Type (HRK Million), 2012-2016
Table 38: Croatian Energy and Utilities Construction Output by Activity Type (HRK Million), 2016-2021
Table 39: Croatian Energy and Utilities Construction Value Add by Project Type (HRK Million), 2012-2016
Table 40: Croatian Energy and Utilities Construction Value Add by Project Type (HRK Million), 2016-2021
Table 41: Croatian Institutional Construction Output by Project Type (HRK Million), 2012-2016
Table 42: Croatian Institutional Construction Output by Project Type (HRK Million), 2016-2021
Table 43: Croatian Institutional Construction Output by Cost Type (HRK Million), 2012-2016
Table 44: Croatian Institutional Construction Output by Cost Type (HRK Million), 2016-2021
Table 45: Croatian Institutional Construction Output by Activity Type (HRK Million), 2012-2016
Table 46: Croatian Institutional Construction Output by Activity Type (HRK Million), 2016-2021
Table 47: Croatian Institutional Construction Value Add by Project Type (HRK Million), 2012-2016
Table 48: Croatian Institutional Construction Value Add by Project Type (HRK Million), 2016-2021
Table 49: Croatian Residential Construction Output by Project Type (HRK Million), 2012-2016
Table 50: Croatian Residential Construction Output by Project Type (HRK Million), 2016-2021
Table 51: Croatian Residential Construction Output by Cost Type (HRK Million), 2012-2016
Table 52: Croatian Residential Construction Output by Cost Type (HRK Million), 2016-2021
Table 53: Croatian Residential Construction Output by Activity Type (HRK Million), 2012-2016
Table 54: Croatian Residential Construction Output by Activity Type (HRK Million), 2016-2021
Table 55: Croatian Residential Construction Value Add by Project Type (HRK Million), 2012-2016
Table 56: Croatian Residential Construction Value Add by Project Type (HRK Million), 2016-2021
Table 57: Graditeljsko Dionicko Drustvo Viadukt, Key Facts
Table 58: Graditeljsko Dionicko Drustvo Viadukt, Main Products and Services
Table 59: Graditeljsko Dionicko Drustvo Viadukt, History
Table 60: Graditeljsko Dionicko Drustvo Viadukt, Key Employees
Table 61: Hidroelektra Niskogradnja dd, Key Facts
Table 62: Hidroelektra Niskogradnja dd, Main Products and Services
Table 63: Hidroelektra Niskogradnja dd, History
Table 64: Hidroelektra Niskogradnja dd, Key Employees
Table 65: Ingra dd, Key Facts
Table 66: Ingra dd, Main Services
Table 67: Ingra dd, History
Table 68: Ingra dd, Key Employees
Table 69: Elektroprojekt dd, Key Facts
Table 70: Elektroprojekt dd, Main Services
Table 71: Elektroprojekt dd, History
Table 72: Elektroprojekt dd, Key Employees
Table 73: Dalekovod dd, Key Facts
Table 74: Dalekovod dd, Main Products and Services
Table 75: Dalekovod dd, History
Table 76: Dalekovod dd, Key Employees
Table 77: Timetric Construction Market Definitions