Czech Republic Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Czech Republic Construction Market Report Overview
The Czech Republic construction market size was valued at $51.5 billion in 2022. The market is projected to achieve an AAGR of more than 3% during 2024-2027. The growth is attributed to the rise in investments in the construction of affordable housing, electricity distribution systems, and transport infrastructure.
Czech Republic Construction Market Outlook, 2022-2027 ($ Billion)
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The Czech Republic 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 the Czech Republic construction market growth in the coming years.
Market Size (2022) | $51.5 Billion |
AAGR (2024-2027) | 3% |
Forecast Period | 2023-2027 |
Historical Period | 2018-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · STRABAG SE
· Vinci SA · Metrostav AS · Actividades de Construccion y Servicios SA · Webuild SpA |
Key Consultants | · Sudop Praha AS
· Mott MacDonald Group Ltd · Egis Group · AFRY AB · Valbek Sro |
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Czech Republic Construction Market Segmentation by Sectors
Infrastructure construction was the leading sector in the Czech Republic construction market in 2022
The key sectors in the Czech Republic construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2022, the infrastructure construction sector was followed by commercial construction.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Investments by the public and private sectors in railway and airport expansion projects will drive market growth in the coming years.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The residential construction industry will recover over the forecast period owing to the government’s focus on developing affordable housing.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The government’s focus on increasing renewable energy production and nuclear capacity will drive the sector growth between 2024 and 2027.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Factors such as improvements in the tourism sector and investments in data centers and logistics infrastructure will drive the commercial sector’s growth over the forecast period.
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. Investments in the construction of industrial parks and manufacturing plants will drive the sector’s growth during the forecast period.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Factors such as the public and private players’ investments in healthcare and educational infrastructure will fuel the growth of this sector in the coming years.
Czech Republic Construction Market Analysis by Sectors, 2022 (%)
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Czech Republic Construction Market - Competitive Landscape
STRABAG SE emerged as the leading contractor and Sudop Praha AS as the leading consultant in the Czech Republic construction market in 2022
A few of the leading contractors in the Czech Republic construction market are:
- STRABAG SE
- Vinci SA
- Metrostav AS
- Actividades de Construccion y Servicios SA
- Webuild SpA
Foreign contractors account for most of the project pipeline in the Czech Republic construction market. Firms based in Austria are the dominant contractors.
Czech Republic Construction Market Analysis by Contractors, 2022 (%)
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A few of the leading consultants in the Czech Republic construction market are:
- Sudop Praha AS
- Mott MacDonald Group Ltd
- Egis Group
- AFRY AB
- Valbek Sro
Consultants with headquarters outside the Czech Republic are involved in most of the project pipeline by value.
Czech Republic Construction Market Analysis by Consultants, 2022 (%)
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Czech Republic Construction Market - Latest Developments
- In September 2023, the European Commission approved a modified National Recovery and Resilience Plan (NRRP) worth more than $9. According to the modified plan, a significant portion of the funds will be allocated to the green transition.
- In October 2023, a loan agreement was signed between the European Investment Bank (EIB) and the Czech Republic, to develop the country’s rail network. The loan will support the modernization of trans-European networks (TEN-T) railway lines, and the installation of the European Rail Traffic Management System (ERTMS), across the country.
Segments Covered in the Report
Czech Republic Construction Sectors Outlook (Value, $ Billion, 2018-2027)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in the Czech Republic.
- Historical and forecast valuations of the construction industry in the Czech Republic, featuring details of key growth drivers.
- Segmentation by sector 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
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Figures
Frequently asked questions
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What was the Czech Republic construction market size in 2022?
The construction market size in the Czech Republic was $51.5 billion in 2022.
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What will the Czech Republic construction market growth rate be during the forecast period?
The construction market in the Czech Republic is projected to achieve an AAGR of 3% during 2024-2027.
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Which was the leading sector in the Czech Republic construction market in 2022?
Infrastructure construction was the leading sector in the Czech Republic construction market in 2022.
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Which are the leading contractors in the Czech Republic construction market?
The leading contractors in the Czech Republic construction market are STRABAG SE, Vinci SA, Metrostav AS, Actividades de Construccion y Servicios SA, and Webuild SpA among others.
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Which are the leading consultants in the Czech Republic construction market?
The leading consultants in the Czech Republic construction market are Sudop Praha AS, Mott MacDonald Group Ltd, Egis Group, AFRY AB, and Valbek Sro among others.
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