Slovenia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

Slovenia Construction Market Report Overview

The Slovenia construction market size was $11.4 billion in 2022. The market is projected to achieve an AAGR of less than 1% during 2024-2027. Investments in the educational sector, transport, renewable energy, automotive, tourism, and retail trade sectors will drive the industry’s output over the forecast period. The Slovenian government plans to achieve its target of 27% renewable energy (RE) in the energy mix by 2030 using hydropower, solar energy, and wood biomass. Thus, the government is prioritizing the acceleration of the RE deployment in the country.

Slovenia Construction Market Outlook, 2022-2027 ($ Billion)

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The Slovenia construction market report has compiled data on various project types and construction activities across sectors. While discussing the construction projects, our analysts have elucidated the factors responsible for the developments. The report further analyzes the top construction projects in Slovenia from pre-planning to execution, along with the emerging market trends. In addition, the report gives an overview of the latest developments in the Slovenia construction market.

Slovenia Construction Market Segmentation by Sectors

Residential construction was the leading sector in the Slovenia construction market in 2022

The key sectors in the Slovenia construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2022, the infrastructure construction sector accounted for the highest market share.

Residential construction: The project types in this sector include single-family housing and multi-family housing. The sector’s growth over the forecast period is attributed to a surging residential demand amid rising urbanization. Furthermore, the new Building Act, effective from June 2022, which focuses on removing administrative obstacles and speeding up procedures for issuing building permits will drive the sector growth. This new Building Act has been significantly driving real estate investments.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. GlobalData expects the infrastructure construction sector to grow significantly owing to ongoing construction works of the road, rail, and airport projects. For instance, Slovenian Government’s six years (2020-2025) plan of investment in transport and transport infrastructure will support growth in the forecast period. The allocated funds are planned to be spent on air and maritime transport, reconstruction of state roads and toll roads, modernization of railways, sustainable measures, and traffic control.

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 is attributed to Slovenia’s contribution to the EU energy efficiency target of 32.5% in 2030. In addition, the resolution on the Long-Term Climate Strategy, aiming for net-zero emissions and becoming climate neutral by 2050, by managing energy and natural resources efficiently, will support the sector’s growth.

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 industrial construction sector increased in real terms in 2023 owing to investments on the development of material production and processing plants, chemical and pharmaceutical plants, manufacturing industries, and rise in number of vehicles registration. For instance, according to the European Automobile Manufacturers’ Association (ACEA), the total number of new car registration in Slovenia increased significantly during the first eight months of 2023. In addition, GlobalData expects the industrial construction sector to record growth from 2025-2027, owing to increasing exports, improvement in external demand as well as country’s investment capacity.

Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Investments in tourism, office buildings, and outside leisure structures will propel the sector’s growth over the forecast period. In 2022, the government of Slovenia implemented the 2022-2028 Slovenian Tourism Strategy, under which the government plans to generate tourism revenue of EUR1.3 billion ($1.33 billion) per year until 2028.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The government’s focus on the development of educational and research infrastructures will drive the sector’s growth during the forecast period. Plans to improve educational infrastructure by 2030 is part of the government’s Strategy and Action plan, launched in September 2023.

Slovenia Construction Market Analysis by Sectors, 2022 (%)

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Slovenia Construction Market – Latest Developments

• In August 2023, the Slovenian Municipality of Ajdovščina and state-owned electricity supplier and trader GEN-I, announced the plans to install solar panels on five public buildings in Ajdovščina , with the total capacity of 870 kW by the end of 2023.
• In February 2023, the Ministry of the Economy, Tourism and Sport along with the Slovenian Export and Development Bank (SID Bank), announced a plan to allocate EUR634.4 million ($647.8 million) financial incentives by 2026 to support the tourism and leisure sector.

Segments Covered in the Report

Slovenia 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 Slovenia.
• Historical and forecast valuations of the construction industry in Slovenia, 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.