PUBLISHER: GlobalData | PRODUCT CODE: 1078306
PUBLISHER: GlobalData | PRODUCT CODE: 1078306
Poland Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026
The construction industry in Poland is expected to grow by 4.9% in real terms in 2022-up from GlobalData's previous projection of a 2.7% growth. This upward revision is attributed to strong growth in the first half of the year, in which output grew by 14.1% year on year (YoY) in the first quarter, followed by 8.8% growth in Q2. According to Eurostat, the average construction production index grew by 13.1% YoY in the first seven months of 2022, supported by a rise in both building construction activities (17.7%) and civil engineering works (6%). However, this level of activity is unlikely to be sustained over the coming quarters, due to high inflation and rising interest rates that will weaken demand and keep upward pressure on construction costs. Although buildings construction has remained relatively strong in recent months, construction activity has lost momentum due to a decline in civil engineering. Labor shortages, soaring material prices, and weak investor confidence are likely to weigh on activity this year, and this will be exacerbated by weak domestic and external demand should the economy fall into recession in the coming quarters. Reflecting a continuation of weakness beyond this year, the industry is expected to contract by 2.8% in 2023.
Over the longer term, the industry is expected to grow at an annual average rate of 3.7% from 2024 to 2026, driven by government investments in rail and road infrastructure and renewable energy projects. Polish State Railways is expecting to spend over PLN14 billion ($3.7 billion) in 2022 as part of the National Railway Program (2021-27). The industry's growth over the forecast period will also be supported by investments as part of the PLN290 billion ($76.7 billion) National Road Construction Program, which aims to complete the construction of several highways and expressways by 2030
The report provides detailed market analysis, information and insights into Poland's construction industry, including -
- Poland's 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 Poland's construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
Scope
This report provides a comprehensive analysis of the construction industry in Poland. It provides -
- Historical (2017-2021) and forecast (2022-2026) 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
Table of Contents
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
- 3.1 Economic Performance
- 3.2 Political Environment and Policy
- 3.3 Demographics
- 3.4 COVID-19 Status
- 3.5 Risk Profile
4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
5 Key Industry Participants
- 5.1 Contractors
- 5.2 Consultants
6 Construction Market Data
7 Appendix
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 7.4 GlobalData Construction
- Contact Us
List of Tables
List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Poland, Key Economic Indicators
- Table 3: Poland, Commercial Construction Output by Project Type (Real % Change), 2017-26
- Table 4: Poland, Top Commercial Construction Projects by Value
- Table 5: Poland, Industrial Construction Output by Project Type (Real % Change), 2017-26
- Table 6: Poland, Top Industrial Construction Projects by Value
- Table 7: Poland, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
- Table 8: Poland, Top Infrastructure Construction Projects by Value
- Table 9: Poland, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
- Table 10: Poland, Top Energy and Utilities Construction Projects by Value
- Table 11: Poland, Institutional Construction Output by Project Type (Real % Change), 2017-26
- Table 12: Poland, Top Institutional Construction Projects by Value
- Table 13: Poland, Residential Construction Output by Project Type (Real % Change), 2017-26
- Table 14: Poland, Top Residential Construction Projects by Value
- Table 15: Poland, Key Contractors
- Table 16: Poland, Key Consultants
- Table 17: Poland, Construction Output Value (Real, $ Million)
- Table 18: Poland, Construction Output Value (Nominal, PLN Million)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
List of Figures
List of Figures
- Figure 1: Eastern Europe, Construction Output (Real % Change), 2020-26
- Figure 2: Poland, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
- Figure 3: Poland, COVID-19 Confirmed Cases
- Figure 4: Poland, Risk Summary
- Figure 5: Poland, Risk Regional Comparison
- Figure 6: Poland, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26
- Figure 7: Poland, Construction Output Value, by Sector (Real, $ Million), 2017-26
- Figure 8: Poland, Construction Value Add (PLN Million, 2015 Chained Prices)
- Figure 9: Poland, Gross Fixed Capital Formation (Chain Linked Volumes, Index 2010=100)
- Figure 10: Poland, Construction Production Index (Chain Linked Volumes, Index 2010=100, % Change, YoY)
- Figure 11: Poland, Construction Projects Momentum Index
- Figure 12: Region, Construction Projects Momentum Index
- Figure 13: Poland, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 14: Poland, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 15: Poland, Wholesale and Retail Trade Value Add (PLN Million, 2015 Chained Prices)
- Figure 16: Poland, Foreign Tourist Arrivals and Overnight Stays (Number in Thousand)
- Figure 17: Poland, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 18: Poland, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 19: Poland, Manufacturing Value Add (PLN Million, 2015 Chained Prices)
- Figure 20: Poland, Manufacturing Cost Index (The same period of the previous year = 100)
- Figure 21: Poland, Total Merchandise Exports (PLN Million)
- Figure 22: Poland, Manufacturing Production Index (Chain Linked Volumes, Index 2010=100, % Change, YoY)
- Figure 23: Poland, Mining and Quarrying Production Index (Chain Linked Volumes, Index 2010=100, % Change, YoY)
- Figure 24: Poland, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 25: Poland, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 26: Poland, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 27: Poland, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 28: Poland, Information and Communication Value Add (PLN Million, 2015 Chained Prices)
- Figure 29: Poland, Electricity, Gas, Steam, and Air Conditioning Production Index (Chain Linked Volumes, Index 2010=100, % Change, YoY)
- Figure 30: Poland, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 31: Poland, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 32: Poland, Public Administration, Defense, Education, Human Health, and Social Work Value Add (PLN Million, 2015 Chained Prices)
- Figure 33: Poland, Residential Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 34: Poland, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 35: Poland, Real Estate Value Add (PLN Million, 2015 Chained Prices)
- Figure 36: Poland, Dwellings Completed (in Thousands)
- Figure 37: Poland, Residential Building Permits (in Thousands)
- Figure 38: Poland, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 39: Poland, Headquarters of Key Consultants (% of Total Project Pipeline)
