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Construction in Croatia – Key Trends and Opportunities to 2015 Published : July 2012

No. of Pages : 156


Synopsis This report provides detailed market analysis, information and insights into the construction market in Croatia, including: • Top level overview of the construction industry in Croatia • Current, historic and forecast market value and trends of individual markets and categories supported by detailed descriptions of individual markets in the industry • Profiles of the top construction companies in Croatia • Profiles of the ten largest construction projects in Croatia Summary The Croatian construction industry has grown in line with its economy in recent years, recording relatively stable growth during 2007 and 2008 due to substantial foreign direct investment (FDI) and public sector investment, and an increase in private residential mortgages. However, following this period of positive growth the construction industry recorded a huge decline: in 2010, the industry was valued at HRK billion a decline from 2009. The Croatian construction industry has followed a similar trend to the European construction industry over the last few years, with smaller companies being able to adapt more easily to changing market conditions. As a result, there are growing numbers of small companies, while the number of large companies has dropped. Timetric expects the construction industry to record a CAGR over the forecast period, as compared to the CAGR recorded during the review period. The growth of the construction industry over the forecast period is expected to be fuelled by the infrastructure market, with a CAGR and the commercial construction market, with a CAGR Scope • This report provides a comprehensive analysis of the construction industry in Croatia: • Historical values for the construction industry for 2006-10 and forecast figures for 2010-15 • Supporting text on individual markets and values for categories for 2006-10 and forecasts until 2015 • Profiles of the top construction companies in Croatia • Profiles of the top ten construction mega-projects in Croatia by value Reasons To Buy • Gain insight into the construction industry in Croatia with current, historic and forecast figures • Gain insight into current, historic and forecast industry figures at individual market and category level • Identify the top construction industry players in Croatia along with detailed company profiles and SWOT analysis of all those companies Key Highlights • The Croatian construction industry grew at a CAGR of 0.25% in the review period. The global financial crisis affected the Croatian economy badly, and its construction industry lost 6.0% in 2009 and a further 17.1% in 2010. • In 2010, infrastructure construction was the largest market in terms of market share, accounting for a 48.6% share of the total industry. • The commercial construction market grew at a CAGR of 1.54% over the review period, with growth largely driven by the retail and office building categories which grew at CAGRs of 3.76% and 2.62% respectively. • Helped by the growing population, the residential construction market was the least affected by the credit crisis. The market grew with the highest review-period CAGR of 4.56%, led primarily by the residential building redevelopment and new multi-family housing categories with CAGRs of 8.14% and 4.25% respectively. • The institutional construction market grew at a CAGR of 2.76% over the review period, with the institutional buildings and research facilities categories recording CAGRs of 8.53% and 4.34%,

respectively. • The Croatian construction industry is expected to witness a marginal growth of 2.1% during 2010, and is expected to grow at a CAGR of 3.13% over the forecast period. Growth is expected to be led primarily by the infrastructure construction market, which is forecast to grow at a CAGR of 4.36% during the forecast period. Croatia Construction– Key Trends and Opportunities to 2015 Table of Contents 1 Executive Summary 2 Introduction 3 Construction Industry Analysis 4 Construction Industry Data 5 Construction Industry: Market Analysis 6 Company Profile – Nexe Grupa d.d. 7 Company Profile – Graditeljsko dionicko društvo Viadukt 8 Company Profile – Hidroelektra Niskogradnja d.d. 9 Company Profile – Ingra d.d. 10 Top 10 Project Profiles 11 Appendix List of Tables List of Figures

Construction in Croatia–Key Trends&Opportunities to 2015