Market Research Report
Construction in Poland - Key Trends and Opportunities to 2025 (Q1 2021)
|Published by||GlobalData||Product code||962476|
|Published||Content info||47 Pages
Delivery time: 1-2 business days
|Construction in Poland - Key Trends and Opportunities to 2025 (Q1 2021)|
|Published: April 9, 2021||Content info: 47 Pages||
Following the virus outbreak and the subsequent slowdown in economic activity, the Polish construction sector declined by 3.7% in 2020. According to Eurostat, construction value-add contracted by 4.9% year on year (YoY) in the fourth quarter of 2020, which was preceded by year-on-year (Y-o-Y) declines of 9.6% in Q3 2020 and 0.7% in Q2 2020.
The economy started showing signs of recovery, following the lifting of lockdown measures and the government's expansionary policy measures. However, in February 2021, the government reintroduced lockdown measures across the country, although construction sites and factories have been exempted from the new lockdown measures. Poland's construction industry is expected to recover in 2021, growing by 3.4% in 2021. Aside from the pent-up demand from last year, growth will also be driven by investments from the EU's COVID recovery fund.
In 2022, the industry is projected to continue to recover, growing by 4.2%, and then to expand by an annual average rate of 4% over the remainder of the forecast period (2023-2025), supported by government investments in infrastructure, residential and renewable energy projects. The Kolej Plus program was launched by the government in early 2020 with a total investment of Zl6.6 billion (US$1.6 billion), under which the country's railway infrastructure will be developed in cities that do not have access to railway transport. Furthermore, an investment of Zl75 billion (US$18 billion) by PGE (Polska Grupa Energetyczna) in renewable energy projects will help in developing the country's energy infrastructure.
This report provides detailed market analysis, information, and insights into the Polish construction industry, including -
This report provides a comprehensive analysis of the construction industry in Poland. It provides -