Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Friday, March 29, 2024 · 699,665,890 Articles · 3+ Million Readers

Construction in Croatia Market Analysis 2017 (By Segment, Key Players and Opportunities) and Forecasts To 2021

Construction in Croatia Market 2017 - Current and Future Business Plans

PUNE, INDIA, November 8, 2017 /EINPresswire.com/ -- 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).

GET SAMPLE REPORT @ https://www.wiseguyreports.com/sample-request/2470862-construction-in-croatia-key-trends-and-opportunities-to-2021

Summary
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 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 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 Content: Key Points

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
…Continued

ACCESS REPORT @ https://www.wiseguyreports.com/reports/2470862-construction-in-croatia-key-trends-and-opportunities-to-2021

Get in touch:
LinkedIn: www.linkedin.com/company/4828928
Twitter: https://twitter.com/WiseGuyReports
Facebook: https://www.facebook.com/Wiseguyreports-1009007869213183/?fref=ts

Norah Trent
wiseguyreports
+1 646 845 9349 / +44 208 133 9349
email us here

Powered by EIN Presswire


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release