Croatia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Croatia Construction Market Report Overview
The Croatia construction market size was $11.5 billion in 2023 and the market will achieve an AAGR of more than 3% during 2025-2028. The market growth over the forecast period will be supported by an increase in the total construction permits issued and the government’s investment in transport infrastructure projects.
Croatia Construction Market Outlook, 2023-2028 ($ Billion)
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The Croatia construction market research report offers a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence Croatia’s construction market growth in the coming years.
Market Size (2023) | $11.5 billion |
AAGR (2025-2028) | >3% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
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Croatia Construction Market Segmentation by Sectors
The infrastructure construction sector accounted for the highest market share in the Croatia construction market in 2023
The key sectors in the Croatia construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. An increase in commercial building permits issued along with the increase in the tourism sector activities will drive the commercial sector’s growth over the forecast period. Growth over the forecast period will also be supported by investments in the hospitality sector by private investors.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants; manufacturing plants; metal and material production and processing plants; and waste processing plants. The private investments in manufacturing projects will support the industrial sector’s growth during the forecast period.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The government’s investment in building regional road and rail transportation networks will fuel the infrastructure sector’s output throughout the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The sector’s growth will be supported by public and private investments in renewable energy and liquefied natural gas (LNG) projects will drive the sector growth between 2025 and 2028.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The investments in the healthcare, education, and research infrastructure markets will fuel the growth of the institutional construction sector during 2025-2028.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The rise in the total number of construction permits issued and increasing urbanization will drive the residential sector growth over the forecast period.
Croatia Construction Market Analysis by Sectors, 2023 (%)
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Croatia Construction Market - Latest Developments
In March 2024, TECE Industrial, a Croatian plastic product manufacturer, announced its plan to invest to build a new manufacturing plant in Novska. The project will be built on a 10-ha site and is expected to be completed in Q4 2025.
Segments Covered in the Report
Croatia Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
- The report provides a comprehensive analysis of the construction industry in Croatia.
- The report gives historical (2019–2023) and forecast (2024–2028) valuations of the construction industry in Croatia, featuring details of key growth drivers.
- The report contains segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- The report analyzes the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- The report covers 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
Table
Figures
Frequently asked questions
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What was the construction market size in Croatia in 2023?
The construction market size in Croatia was $11.5 billion in 2023.
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What will the Croatia construction market growth rate be during the forecast period?
The construction market in Croatia is projected to achieve an AAGR of more than 3% during 2025-2028.
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Which sector accounted for the highest share of the Croatia construction market in 2023?
The infrastructure construction sector accounted for the highest market share in the Croatia construction market in 2023.
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