Construction in Poland Key Trends and Opportunities to 2018

Synopsis

This Construction in Poland Key Trends and Opportunities to 2018 report provides detailed market analysis, information and insights into the Polish construction industry including:

The Polish construction industrys growth prospects by market, project type and type of construction activity

Analysis of equipment, material and service costs across each project type within Poland

Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Polish construction industry

Profiles of the leading operators in the Polish construction industry

Data highlights of the largest construction projects in Poland

Summary

The Polish construction industry increased in value at a compound annual growth rate (CAGR) of 2.16% during the review period (2009–2013). The industry’s outlook is expected to be positive over the forecast period (2014–2018), with growth supported by housing units, rail and energy infrastructure expansion. A rise in domestic demand and improving employment conditions are likely to attract investments in the infrastructure and residential construction markets. The industry is expected to record steady growth over the forecast period, supported by improving economic conditions and a recovery in construction activities. The industry is expected to record a forecast-period CAGR of 3.52%.

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Scope

This report provides a comprehensive analysis of the construction industry in Poland. It provides:

• Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Poland using construction output and value-add methods
• Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
• 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)
• Analysis of key construction industry issues, including regulation, cost management, funding and pricing
• Detailed profiles of the leading construction companies in Poland

Reasons To Buy

• Identify and evaluate market opportunities using Timetrics 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 business strategies using Timetrics critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors

Key Highlights

The Polish construction industry underwent a period of weak performance due to the financial crisis in 2008–2009, but recovered in 2011, registering a growth rate of 15.1% in nominal terms. The industry again went into depression following the Uefa Euro 2012 tournament as investment opportunities dwindled. It recorded a growth of 2.8% in nominal terms in 2012, the first time since 2009. The industry also remained weak in 2013, declining by 10.8%. According to the Central Statistical Office (CSO), production work involving investment and repair work by private entities declined by 10.3% in 2013 compared with 2012, and work by public sector entities declined by 17.8% during the same period.

The country’s expanding population and economic recovery continue to generate demand for infrastructure development in the country. In April 2014, the Ministry of Infrastructure and Development announced the construction of two new rail lines, with a total length of 100km in the central Mazovia region. As part of this plan, the construction of a 70km rail connection between Modlin and Plock and a 30km rail connection between Jaktorowo and Lowicz will be completed by 2020. The entire cost of the project is estimated at PLN3.5 billion (US$1.14 million).

The Polish retail sector grew at a healthy pace in 2012. According to the CSO, the number of shops in Poland rose by 3.6% from 2011, to reach 357,000 in 2012. The largest increase was recorded in shops with a floor area of 400−999m2 and 1,000m2. Of these, supermarkets recorded the highest increase in the number of shops, with 9.2%, while hypermarkets grew by just 1.2%.

The government enacted a ‘developer bill’ in April 2012, which intends to protect the rights of buyers, while maintaining relationships between banks, property developers and buyers. According to the new legal framework, business plans for residential construction will be improved, as well as the quality of the projects themselves, and developers will compete for bank loans. The new policies are expected to help curb market speculation, which will in turn support the growth of real estate construction in the country.

In May 2014, the European Commission adopted a Partnership Agreement in conjunction with Poland strategy covering the effective use of European funds. Under this agreement, the European Commission announced that it would invest EUR77.6 billion in the Cohesion Policy 2014−2020. As part of this policy, the government has set a target to reduce the number of early school leavers and increase the number of enrolments in tertiary education. According to Eurostat, early leavers in Poland are anticipated to fall from 11.9% in 2013 to 10.0% in 2020, and enrolments in tertiary education are expected to increase from 36.8% in 2013 to 40.0% in 2020."