Construction in Slovenia-Key Trends and Opportunities to 2022
Following a contraction in 2016, the Slovenian construction industry rebounded in 2017, and registered growth of 7.8% in real terms. This was mainly due to recovery in economic conditions and a rise in public investment in transport infrastructure, healthcare and educational facilities. Improvements in consumer and investor confidence and positive developments in regional economic conditions have also provided growth momentum.
The construction industry will be supported by public and private sector investment in transport infrastructure, energy, commercial and residential projects over the forecast period (2018-2022). The government's flagship programs, such as the National Program for the Development of Transport 2030 and National Housing Program 2015-2025, are expected to support the growth of the industry over the forecast period. In addition, the government's investment under the Next-Generation Broadband Network Development Plan 2020 is expected to support this expansion.
The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 3.86% over the forecast period-up from 1.22% during the review period (2013-2017).
GlobalData's "Construction in Slovenia-Key Trends and Opportunities to 2022", report provides detailed market analysis, information and insights into the Slovenian construction industry, including-
- The Slovenian 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 Slovenian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
- GlobalData expects infrastructure construction market to register positive growth over the forecast period, supported by the government's effort to upgrade the country's rail, road and port infrastructure, in a bid to enhance regional connectivity and modernize transport infrastructure. Under the National Program for the Development of Transport 2030, with the help of the private sector, the government plans to invest EUR3.8 billion (USD 4.3 billion) on roads and EUR2.3 billion (USD 2.6 billion) on railway infrastructure development by 2022.
- Forecast-period growth in the energy and utilities construction market will be driven by investments in energy and utilities construction projects and the government's focus on the renewable energy sector. The government aims to increase the share of renewable energy in the total energy mix from 21.6% in 2017 to 25.0% by 2020. Accordingly, it plans to build a new hydropower plant on Sava River with an investment of EUR1.7 billion (USD 1.8 billion) and to upgrade three hydroelectric plants at Drava River to add a total of 470.0MW of renewable capacity in the total energy mix by 2020.
- GlobalData expects the residential construction market to record a forecast-period CAGR of 6.76% in nominal terms, supported by government efforts to build houses for middle-and low-income groups through its social housing program, as well as positive developments in domestic and regional economic conditions. Under the National Housing Program 2015-2025, the government plans to build 889,654 units of affordable houses by 2022 and 905,654 units by 2025.
- Institutional market's growth over the forecast-period will be driven by the government's aim to provide quality healthcare and education services to its citizens. In the 2017 budget, the government spending on education sector increased by 4.4%, going from EUR2.2 billion (USD 2.5 billion) in 2016 to EUR2.3 billion (USD 2.6 billion) in 2017, whereas spending on the healthcare sector increased by 4.1%, going from EUR2.7 billion (USD 3.0 billion) in 2016 to EUR2.8 billion (USD 3.2 billion) in 2017. Moreover, under the National Healthcare Plan 2016-2025, the government plans to construct new healthcare facilities and increase the efficiency of the healthcare system by 2025.
- The total construction project pipeline in Slovenia-as tracked by GlobalData, and including all mega projects with a value above USD 25 million-stands at EUR7.6 billion (USD 8.5 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards early-stage projects, with 56.2% of the pipeline value being in projects in the pre-planning and planning stages as of January 2019.
This report provides a comprehensive analysis of the construction industry in Slovenia. It provides-
- Historical (2013-2017) and forecast (2018-2022) valuations of the construction industry in Slovenia, 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
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 12
4.4. Risk Profile 12
5. CONSTRUCTION OUTLOOK 14
5.1. All Construction 14
5.1.1. Outlook 14
5.1.2. Project analytics 16
5.2. Commercial Construction 19
5.2.1. Outlook 19
5.2.2. Project analytics 21
5.3. Industrial Construction 23
5.3.1. Outlook 23
5.3.2. Project analytics 24
5.4. Infrastructure Construction 26
5.4.1. Outlook 26
5.4.2. Project analytics 28
5.5. Energy and Utilities Construction 30
5.5.1. Outlook 30
5.5.2. Project analytics 32
5.6. Institutional Construction 34
5.6.1. Outlook 34
5.6.2. Project analytics 36
5.7. Residential Construction 38
5.7.1. Outlook 38
6. KEY INDUSTRY PARTICIPANTS 40
6.1. Contractors 40
6.2. Consultants 42
7. APPENDIX 44
7.1. What is this Report About? 44
7.2. Definitions 44
8. ABOUT GLOBALDATA 48
8.1. GlobalData at a Glance 48
8.2. GlobalData Construction 49
8.3. Disclaimer 50
8.4. Contact Us 50
List of Figures
Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix 3
Figure 2: Slovenia, Construction Projects Pipeline by Sector (EUR million) 3
Figure 3: Residential Construction Permits (Total Numbers) 9
Figure 4: House Price Index (2015 Prices) 10
Figure 5: Slovenia, Risk Review 12
Figure 6: Slovenia, Risk Comparison 13
Figure 7: Slovenia, Construction Output Value (Real, USD billion, 2017 prices and exchange rate) 14
Figure 8: Slovenia, Construction Output Value, Growth Matrix 15
Figure 9: Slovenia, Construction Output Value, by Sector (EUR Million), 2013-2022 15
Figure 10: Slovenia, Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2017-2022 16
Figure 11: Slovenia, Construction Projects Pipeline, Value by Stage (EUR Million) 16
Figure 12: Slovenia, Commercial Construction Output by Project Type (EUR Million), 2013-2022 20
Figure 13: Slovenia, Commercial Construction Projects Pipeline, Value by Stage (EUR Million) 21
Figure 14: Slovenia, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million) 22
Figure 15: Slovenia, Industrial Construction Output by Project Type (EUR Million), 2013-2022 23
Figure 16: Slovenia, Industrial Construction Projects Pipeline, Value by Stage (EUR Million) 24
Figure 17: Slovenia, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million) 24
Figure 18: Slovenia, Infrastructure Construction Output by Project Type (EUR Million), 2013-2022 27
Figure 19: Slovenia, Infrastructure Construction Projects Pipeline, Value by Stage (EUR Million) 28
Figure 20: Slovenia, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million) 28
Figure 21: Slovenia, Energy and Utilities Construction Output by Project Type (EUR Million), 2013-2022 31
Figure 22: Slovenia, Energy and Utilities Construction Projects Pipeline, Value by Stage (EUR Million) 32
Figure 23: Slovenia, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million) 33
Figure 24: Slovenia, Institutional Construction Output by Project Type (EUR Million), 2013-2022 35
Figure 25: Slovenia, Institutional Construction Projects Pipeline, Value by Stage (EUR Million) 36
Figure 26: Slovenia, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million) 37
Figure 27: Slovenia, Residential Construction Output by Project Type (EUR Million), 2013-2022 39
Figure 28: Slovenia, Headquarters of Key Contractors (% of Total Project Pipeline) 41
Figure 29: Slovenia, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor) 41
Figure 30: Slovenia, Headquarters of Key Consultants (% of Total Project Pipeline) 43
Figure 31: Slovenia, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants) 43
List of Tables
Table 1: Construction Outlook 3
Table 2: Slovenia, Key Economic Indicators 11
Table 3: Slovenia, Construction Output Value (nominal, EUR Million) 17
Table 4: Slovenia, Construction Output Value (nominal, USD Million) 18
Table 5: Slovenia, Top Commercial Construction Projects by Value 22
Table 6: Slovenia, Top Industrial Construction Projects by Value 25
Table 7: Slovenia, Top Infrastructure Construction Projects by Value 29
Table 8: Slovenia, Top Energy and Utilities Construction Projects by Value 33
Table 9: Slovenia, Top Institutional Construction Projects by Value 37
Table 10: Slovenia, Key Contractors 40
Table 11: Slovenia, Key Consultants 42
Table 12: GlobalData Construction Market Definitions 45
Table 13: Construction Risk Index Ratings and Scores 47
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