Construction in Romania - Key Trends and Opportunities to 2022

Publisher Name :
Date: 11-Jun-2018
No. of pages: 43
Inquire Before Buying

Construction in Romania - Key Trends and Opportunities to 2022

Summary

Construction activity in Romania was weak throughout 2017, due to low investment in infrastructure projects on the back of political uncertainty and delayed structural reforms. Consequently, the industry's output value registered a decline of 1.2% in real terms in 2017, which was preceded by an average annual growth of 5.8% during 2013-2016.

The industry is expected to recover in 2018, however, with growth continuing through the remainder of the forecast period (2018-2022), supported by a revival in public sector investment in transport, residential and commercial construction projects, coupled with financial assistance provided by the European Union (EU) to develop the country's overall infrastructure. Additionally, the ongoing 2014-2020 Large Infrastructure Operational Program - under which RON45.3 billion (US$11.3 billion) is being invested until 2020 to develop the country's transport and energy infrastructure - is expected to support growth.

The industry's output value in real terms increased at a compound annual growth rate (CAGR) of 4.42% in the review period (2013-2017), and is expected to post a forecast-period CAGR of 3.35%.

Timetric's Construction in Romania - Key Trends and Opportunities to 2022 report provides detailed market analysis, information and insights into the Romanian construction industry, including -

- The Romanian 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 Romanian 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

- Timetric expects the residential construction market to retain its leading position over the forecast period, with a share of 45.9% of the industry's total value in 2022, supported by rising residential building permits and new housing financial aid being offered by the government. Accordingly, the government announced plans to provide RON2.0 billion (US$512.6 million) as mortgage loans throughout 2018 under the First House lending program.

- In October 2017, the European Investment Bank (EIB) announced plans to provide support to over 300 start-ups and small and medium scale enterprises in the country by financing 60.0% of the investment needed to initiate a new project. This is expected to add pace to the development of new industrial projects over the forecast period.

- Timetric expects the infrastructure construction market output to record a forecast-period CAGR of 9.89% in nominal terms, supported by the government's effort to upgrade the country's transport infrastructure to enhance regional connectivity and reduce traffic congestion. Accordingly, under the 2018 budget, the government allocated RON9.1 billion (US$2.4 billion) to develop the country's transport infrastructure.

- In July 2017, the European Union (EU) announced plans to invest RON8.1 billion (US$2.0 billion) to develop various transport infrastructure projects in the country by 2020. Moreover, in November 2017, the EU granted a loan worth RON1.2 billion (US$301.0 million) to develop the national road E79 project, which will connect Romania with Hungary, Greece and Bulgaria, as well as water infrastructure in Vrancea county. These projects are expected to be completed by 2020.

- The total construction project pipeline in Romania, as tracked by the Construction Intelligence Center (CIC), including all mega projects with a value above US$25 million, stands at RON374.2 billion (US$92.6 billion). The pipeline is skewed to early-stage projects, which account for 56.5% of the pipeline as of May 2018.

Scope

This report provides a comprehensive analysis of the construction industry in Romania. It provides -

- Historical (2013-2017) and forecast (2018-2022) valuations of the construction industry in Romania, 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 Timetric'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 Timetric's critical and actionable insight.

- Assess business risks, including cost, regulatory and competitive pressures.

- Evaluate competitive risk and success factors.

Construction in Romania - Key Trends and Opportunities to 2022

Table of Contents
1 Executive Summary
2 Construction Outlook: At-a-glance
3 Latest News and Indicators
4 Key Drivers and Risks
4.1 Economic Performance
4.2 Political Environment
4.3 Demographics
4.4 Risk Profile
5 Construction Outlook
5.1 All Construction
5.1.1 Outlook
5.1.2 Project analytics
5.2 Commercial Construction
5.2.1 Outlook
5.2.2 Project analytics
5.3 Industrial Construction
5.3.1 Outlook
5.3.2 Project analytics
5.4 Infrastructure Construction
5.4.1 Outlook
5.4.2 Project analytics
5.5 Energy and Utilities Construction
5.5.1 Outlook
5.5.2 Project analytics
5.6 Institutional Construction
5.6.1 Outlook
5.6.2 Project analytics
5.7 Residential Construction
5.7.1 Outlook
5.7.2 Project analytics
6 Key Industry Participants
6.1 Contractors
6.2 Consultants
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 About Timetric
7.4 About The Construction Intelligence Center
7.5 Disclaimer

List of Tables
Table 1: Romania, Key Economic Indicators
Table 2: Romania, Construction Output Value (nominal, RON Million)
Table 3: Romania, Construction Output Value (nominal, US$ Million)
Table 4: Romania, Top Commercial Construction Projects by Value
Table 5: Romania, Top Industrial Construction Projects by Value
Table 6: Romania, Top Infrastructure Construction Projects by Value
Table 7: Romania, Top Energy and Utilities Construction Projects by Value
Table 8: Romania, Top Institutional Construction Projects by Value
Table 9: Romania, Top Residential and Mixed-Use Construction Projects by Value
Table 10: Romania, Key Contractors
Table 11: Romania, Key Consultants
Table 12: Timetric Construction Market Definitions
Table 13: Construction Risk Index Ratings and Scores

List of Tables
Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
Figure 2: Romania, Construction Projects Pipeline by Sector (RON Million)
Figure 3: Romania, Construction Work Index
Figure 4: Romania, Total Number of Building Permits Issued (Units, Number)
Figure 5: Romania, Retail Trade Turnover Volume Index
Figure 6: Romania, Risk Comparison, Q1 2018
Figure 7: Romania, Risk Comparison Review
Figure 8: Romania, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
Figure 9: Romania, Construction Output Value, Growth Matrix
Figure 10: Romania, Construction Output Value, by Sector (RON Million), 2013-2022
Figure 11: Romania, Construction Projects Pipeline, Projected Annual Spending by Stage (RON Million), 2017-2022
Figure 12: Romania, Construction Projects Pipeline, Value by Stage (RON Million)
Figure 13: Romania, Commercial Construction Output by Project Type (RON Million), 2013-2022
Figure 14: Romania, Commercial Construction Projects Pipeline, Value by Stage (RON Million)
Figure 15: Romania, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (RON Million)
Figure 16: Romania, Industrial Construction Output by Project Type (RON Million), 2013-2022
Figure 17: Romania, Industrial Construction Projects Pipeline, Value by Stage (RON Million)
Figure 18: Romania, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (RON Million)
Figure 19: Romania, Infrastructure Construction Output by Project Type (RON Million), 2013-2022
Figure 20: Romania, Infrastructure Construction Projects Pipeline, Value by Stage (RON Million)
Figure 21: Romania, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (RON Million)
Figure 22: Romania, Energy and Utilities Construction Output by Project Type (RON Million), 2013-2022
Figure 23: Romania, Energy and Utilities Construction Projects Pipeline, Value by Stage (RON Million)
Figure 24: Romania, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (RON Million)
Figure 25: Romania, Institutional Construction Output by Project Type (RON Million), 2013-2022
Figure 26: Romania, Institutional Construction Projects Pipeline, Value by Stage (RON Million)
Figure 27: Romania, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (RON Million)
Figure 28: Romania, Residential Construction Output by Project Type (RON Million), 2013-2022
Figure 29: Romania, Residential Construction Projects Pipeline, Value by Stage (RON Million)
Figure 30: Romania, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (RON Million)
Figure 31: Romania, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 32: Romania, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 33: Romania, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 34: Romania, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
  • Global Gray Iron Pipe Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 88
    The global Gray Iron Pipe market was valued at US$ 738 million in 2023 and is anticipated to reach US$ 814.8 million by 2030, witnessing a CAGR of 1.3% during The forecast period 2024-2030. Gray iron pipe is made of hot or cold-drawn gray cast iron. It has sufficient strength and corrosion resistance and has a wide range of applications. According to their different production methods, gray iron pipes can be divided into gray cast iron pipes and cold-drawn gray iron pipes. Gray cast......
  • Global Clay Pipe Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 99
    A clay pipe is a ceramic pipe made of clay that has The characteristic of being glazed on The inside and outside. Ceramic pipes are usually impermeable and therefore are widely used in drainage, water supply, hot water supply and other systems. The specifications of ceramic pipes are usually determined based on their inner and outer diameters, while their length can be customized as needed. The quality standards of ceramic pipes are mainly evaluated according to technical indicators such as appe......
  • Global Geotechnical Instrumentation Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 86
    Geotechnical Instrumentation is used to obtain The physical properties and mechanical properties of soil, so as to test and monitor The construction quality of foundation and The safety of building structure. The global Geotechnical Instrumentation market was valued at US$ 3223 million in 2023 and is anticipated to reach US$ 5857.6 million by 2030, witnessing a CAGR of 8.8% during The forecast period 2024-2030. North American market for Geotechnical Instrumentation is estimat......
  • Global Plumbing Pipes & Pipe Fittings Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 132
    Plumbing pipes is a kind of pipe for distributing cold and hot waters in residential and industrial fields. Plumbing fittings are crucial components of plumbing systems installed in buildings for efficient distribution of water for drinking, washing, heating and for removing waterborne wastes. The global Plumbing Pipes & Pipe Fittings market was valued at US$ 12710 million in 2023 and is anticipated to reach US$ 16220 million by 2030, witnessing a CAGR of 3.5% during The forec......
  • Global Interior Glass Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 114
    Interior Glasses are glasses used as interior walls, windows or Doors in constructions. The Interior Glass walls, windows and Doors are partitions made of glass panels, some of them have sound proof and fire resistance features, as well as a variety of colors and texture choices. The materials of The Interior Glass are normally tempered glass, or glass combined with other materials. The global Interior Glass market was valued at US$ 786 million in 2023 and is anticipated to reach US......
  • Global Corian Acrylic Solid Surface Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 97
    Acrylic solid surface is a man-made material usually composed of a combination of marble dust, bauxite, acrylic, epoxy or polyester resins and pigments. It is most frequently used for seamless countertop installations. Solid Surface Top Seamless Integral Kitchen Sink, Integral Cove Slash with Wall Panel. Solid surface was first introduced by DuPont in 1967 under The name of Corian. The global Corian Acrylic Solid Surface market was valued at US$ 2287.8 million in 2023 and is anticip......
  • Global Suspended Ceiling Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 96
    A Suspended Ceiling is a type of finish system that is hung below The ceiling structure within a room or building. It may be suspended from a roof or ceiling deck, which consists of structural framing joists that support loads above and below The deck. The majority of Suspended Ceiling systems are made up of steel grid and acoustical tiles, though other materials can also be used. Metal hanger wires are used to suspend these systems anywhere from three inches to more than a foot (7.6 cm to 30.5 ......
  • Global Smart Windows Materials Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 95
    Smart Windows Materials is used for smart windows whose light transmission properties are altered when voltage, light or heat is applied. Generally, The windows changes from translucent to transparent, changing from blocking some (or all) wavelengths of light to letting light pass through. The global Smart Windows Materials market was valued at US$ 299.1 million in 2023 and is anticipated to reach US$ 658.8 million by 2030, witnessing a CAGR of 11.8% during The forecast period 2024-......
  • Global Water Saving Shower Heads Market Research Report 2024
    Published: 08-Jan-2024        Price: US 2900 Onwards        Pages: 87
    Water saving shower heads will reduce The amount of water you use in The shower by either regulating The flow or aerating The water. This will allow you to reduce The water coming out of your shower head by 30%-50% whilst still having a pleasant shower experience. The Water Saving Shower Heads industry can be broken down into several segments, Fixed Showerhead, Handheld Showerhead, etc. The global Water Saving Shower Heads market was valued at US$ 876 million in 2023 and is anticipa......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs