Construction in Croatia Market Is Booming Worldwide| Key Trends and Opportunities to 2022

HTF Market Intelligence released a new research report of 45 pages on title 'Construction in Croatia - Key Trends and Opportunities to 2022’ with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Europe, Croatia or Asia and important Key players include

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Summary
Construction in Croatia - Key Trends and Opportunities to 2022

The Croatian construction industry’s forecast-period (2018-2022) outlook is better than its review-period (2013-2017) performance, with average annual growth in real terms set to accelerate from -0.2% to 2.5%. Government and private sector investment across residential, infrastructure, commercial and energy and utilities construction markets will drive forecast-period growth, as well as improving consumer and investor confidence.

Financial assistance from the European Union (EU) for infrastructure development will support industry growth. Under the European Structural and Investment Funds for 2014-2020, the EU is investing HRK96.6 billion (US$16.8 billion) until 2020 to develop the transport, education, research and innovation and energy sectors, as well as improving the competitiveness of micro, small and medium-sized enterprises (SMEs) and sustainable and quality employment. Furthermore, the EU plans to allocate HRK63.8 billion (US$10.4 billion) under the cohesion policy during 2021-2027. Thorough this, the government aims to boost the economy by supporting the implementation of transport and energy infrastructure projects, which bodes well for the industry over the forecast period.

HTF’S’s ""Construction in Croatia - Key Trends and Opportunities to 2022"", 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, as well as an analysis of key risks and opportunities in the Croatian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Key Highlights

- HTF’S expects residential construction market output to record a forecast-period CAGR of 5.65% in nominal terms, supported by rising residential building permits, and government efforts to provide financial support to home buyers. In 2017, the government launched state subsidies for housing loans program. The government plans to provide subsidized housing loans at an interest rate of 3.35%-3.75% per annum.
- The government’s focus on renewable energy will drive the growth of the energy and utilities construction market over the forecast period. The government is continuously increasing the proportion of renewable energy in the total energy mix. In June 2018, Hrvatska Elektroprivreda (HEP), the state-owned energy company announced a plan to spend HRK45.0 million (US$7.1 million) to develop a new 6.5MW solar power plant in the country.
- The government is focusing on the maintenance and modernization of transport infrastructure, with an aim to maintain the quality and competitiveness. In April 2018, the government approved the 2018 National Reform Program, under which it announced the restructuring of road and rail infrastructure. In August 2018, the government signed a contract to upgrade the Zagreb-Karlovac motorway.
- To support economic development and growth, the government is focusing on high speed broadband network across the country. In June 2018, the government adopted National Program for the Development of Shared Broadband Infrastructure (NP-BBI) 2023. Under this, the government plans to invest HRK770.6 million (US$128.0 million) by 2023; of which 85.0% of the total investment will be financed by the European Regional Development Fund (ERDF).
- The total construction project pipeline in Croatia, as tracked by HTF’S and including all mega projects with a value above US$25 million, stands at HRK154.2 billion (US$23.3 billion). The pipeline, which includes all projects from pre-planning to execution, is relatively skewed towards early-stage projects, with 56.1% of the pipeline value being in projects in the pre-planning and planning stages as of September 2018.

Scope

This report provides a comprehensive analysis of the construction industry in Croatia. It provides -
- Historical (2013-2017) and forecast (2018-2022) valuations of the construction industry in Croatia, 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 HTF’S'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 HTF’S's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

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Table of Contents
1. EXECUTIVE SUMMARY 2
2. CONSTRUCTION OUTLOOK: AT-A-GLANCE 3
3. LATEST NEWS AND INDICATORS 9
4. KEY DRIVERS AND RISKS 11
4.1. Economic Performance 11
4.2. Political Environment 11
4.3. Demographics 11
5. CONSTRUCTION OUTLOOK 12
5.1. All Construction 12
5.1.1. Outlook 12
5.1.2. Project analytics 14
5.2. Commercial Construction 17
5.2.1. Outlook 17
5.2.2. Project analytics 18
5.3. Industrial Construction 20
5.3.1. Outlook 20
5.3.2. Project analytics 21
5.4. Infrastructure Construction 23
5.4.1. Outlook 23
5.4.2. Project analytics 24
5.5. Energy and Utilities Construction 26
5.5.1. Outlook 26
5.5.2. Project analytics 27
5.6. Institutional Construction 29
5.6.1. Outlook 29

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