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Construction in Poland - Key Trends and Opportunities to 2023

Published By :

GlobalData

Published Date : Apr 2019

Category :

Construction

No. of Pages : 54 Pages

Construction in Poland - Key Trends and Opportunities to 2023

Summary

The Polish construction industry regained growth momentum in 2018, with output expanding by 17.0% in real terms - up from 6.5% in 2017. Growth during the review period was supported by public and private sector investment in residential, industrial, commercial and transport infrastructure projects, leading to an increase in demand for the Polish construction industry.

The industrys output value is expected to continue to expand in real terms over the forecast period (2019-2023), driven by the governments plans to upgrade the countrys transport infrastructure. The government plans to invest PLN40.0 billion (US$11.1 billion) to develop a high-speed rail network and PLN35.0 billion (US$9.7 billion) to construct a new hub airport under the Central Communications Port (CCP) project by 2027. In addition, public and private sector investments in commercial, industrial and residential construction projects are expected to support growth in the industry over the forecast period. The governments aim to improve energy resources is also expected to support investment in energy infrastructure projects, which will in turn fuel growth in the industry.

The industrys output value in real terms is expected to post a compound annual growth rate (CAGR) of 4.61% over the forecast period. The industry is consequently expected to rise from a value of US$118.6 billion in 2018 to US$148.6 billion in 2023, measured at constant 2017 US dollar exchange rates.

GlobalDatas "Construction in Poland - Key Trends and Opportunities to 2023", report provides detailed market analysis, information and insights into the Polish construction industry, including -
- The Polish 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 Polish construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Key Highlights

- Globaldata expects the infrastructure construction market to account for 32.5% of the industrys total value in 2023. Market output over the forecast period is expected to be supported by the governments plan to develop and modernize the countrys transport infrastructure. The government is focusing on developing transport infrastructure to improve the mobility of people and services, road traffic safety, support economic growth and decrease transport costs. The government aims to develop 3,900km of new motorways and expressways across the country by 2023.
- Industrial construction markets growth over the forecast-period is expected to be driven by an increase in industrial and manufacturing activities, as well as positive developments in domestic and regional economic conditions. Polands strategic location in the center of Europe, economic stability, educated and competent human capital, favorable foreign investment policy and strong infrastructure transport links are expected to lead to a rise in investments, which will also drive growth in the industrial construction market over the forecast period.
- GlobalData expects the energy and utilities construction market to register a forecast-period CAGR of 7.55% in nominal terms, driven by the governments focus on telecommunications infrastructure. The government aims to develop the countrys broadband network by 2020. The government aims to provide internet access to all citizens and equip 100% of households with an internet connection speed of 30Mbps and 50% of households with an internet connection speed of 100Mbps by 2020.
- Institutional construction markets forecast-period growth will be driven by public and private sector investment in education and healthcare construction projects. In the 2019 draft budget, the government announced a plan to increase the central education budget by 6.6% to PLN46.0 billion (US$12.7 billion). To support the countrys healthcare and education sectors, the EIB approved PLN390.0 million (US$107.4 million) in the first quarter of 2019 to upgrade university hospitals in Lublin and Gdansk, which will support construction activity over the forecast period.
- The total construction project pipeline in Poland - as tracked by GlobalData, and including all mega projects with a value above US$25 million - stands at PLN623.4 billion (US$172.5 billion). The pipeline, which includes all projects from pre-planning to execution, is well balanced, with 50.9% of the pipeline value being in projects in the pre-planning and planning stages as of April 2019.

Scope

This report provides a comprehensive analysis of the construction industry in Poland. It provides -
- Historical (2014-2018) and forecast (2019-2023) valuations of the construction industry in Poland, 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.

Reasons to buy

- Identify and evaluate market opportunities using GlobalData'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 GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1. EXECUTIVE SUMMARY
2. CONSTRUCTION OUTLOOK: AT-A-GLANCE
3. LATEST NEWS AND INDICATORS
4. KEY DRIVERS AND RISKS
4.1. Economic Performance
4.2. Political Environment
4.3. Demographics
4.4. Risk Profile
5. CONSTRUCTION OUTLOOK
5.1. All Construction
5.1.1. Outlook
5.1.2. Project analytics
5.2. Commercial Construction
5.2.1. Outlook
5.2.2. Project analytics
5.3. Industrial Construction
5.3.1. Outlook
5.3.2. Project analytics
5.4. Infrastructure Construction
5.4.1. Outlook
5.4.2. Project analytics
5.5. Energy and Utilities Construction
5.5.1. Outlook
5.5.2. Project analytics
5.6. Institutional Construction
5.6.1. Outlook
5.6.2. Project analytics
5.7. Residential Construction
5.7.1. Outlook
5.7.2. Project analytics
6. KEY INDUSTRY PARTICIPANTS
6.1. Contractors
6.2. Consultants
7. APPENDIX
7.1. What is this Report About?
7.2. Definitions
8. ABOUT GLOBALDATA
8.1. GlobalData at a Glance
8.2. GlobalData Construction
8.3. Disclaimer
8.4. Contact Us

List of Tables
Table 1: Construction Outlook
Table 2: Poland, Key Economic Indicators
Table 3: Poland, Construction Output Value (nominal, PLN Million)
Table 4: Poland, Construction Output Value (nominal, US$ Million)
Table 5: Poland, Top Commercial Construction Projects by Value
Table 6: Poland, Top Industrial Construction Projects by Value
Table 7: Poland, Top Infrastructure Construction Projects by Value
Table 8: Poland, Top Energy and Utilities Construction Projects by Value
Table 9: Poland, Top Institutional Construction Projects by Value
Table 10: Poland, Top Residential and Mixed-Use Construction Projects by Value
Table 11: Poland, Key Contractors
Table 12: Poland, Key Consultants
Table 13: GlobalData Construction Market Definitions
Table 14: Construction Risk Index Ratings and Scores

List of Figures
Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
Figure 2: Poland, Construction Projects Pipeline by Sector (PLN Billion)
Figure 3: Gross fixed capital formation (PLN Million)
Figure 4: Poland, Total Number of Dwellings Completed
Figure 5: Poland, Risk Profile
Figure 6: Poland, Risk Comparison Review
Figure 7: Poland, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
Figure 8: Poland, Construction Output Value, Growth Matrix
Figure 9: Poland, Construction Output Value, by Sector (PLN Million), 2014-2023
Figure 10: Poland, Construction Projects Pipeline, Projected Annual Spending by Stage (PLN Million), 2018-2023
Figure 11: Poland, Construction Projects Pipeline, Value by Stage (PLN Million)
Figure 12: Poland, Commercial Construction Output by Project Type (PLN Million), 2014-2023
Figure 13: Poland, Commercial Construction Projects Pipeline, Value by Stage (PLN Million)
Figure 14: Poland, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (PLN Million), 2018-2023
Figure 15: Poland, Industrial Construction Output by Project Type (PLN Million), 2014-2023
Figure 16: Poland, Industrial Construction Projects Pipeline, Value by Stage (PLN Million)
Figure 17: Poland, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (PLN Million), 2018-2023
Figure 18: Poland, Infrastructure Construction Output by Project Type (PLN Million), 2014-2023
Figure 19: Poland, Infrastructure Construction Projects Pipeline, Value by Stage (PLN Million)
Figure 20: Poland, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (PLN Million), 2018-2023
Figure 21: Poland, Energy and Utilities Construction Output by Project Type (PLN Million), 2014-2023
Figure 22: Poland, Energy and Utilities Construction Projects Pipeline, Value by Stage (PLN Million)
Figure 23: Poland, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (PLN Million), 2018-2023
Figure 24: Poland, Institutional Construction Output by Project Type (PLN Million), 2014-2023
Figure 25: Poland, Institutional Construction Projects Pipeline, Value by Stage (PLN Million)
Figure 26: Poland, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (PLN Million), 2018-2023
Figure 27: Poland, Residential Construction Output by Project Type (PLN Million), 2014-2023
Figure 28: Poland, Residential Construction Projects Pipeline, Value by Stage (PLN Million)
Figure 29: Poland, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (PLN Million), 2018-2023
Figure 30: Poland, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 31: Poland, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 32: Poland, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 33: Poland, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)

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