Construction in Romania – Key Trends and Opportunities to 2024

The Romanian construction industry expanded by 17.3% in real terms in 2019, driven by public and private sector investments in both building and civil engineering works. Even before the Coronavirus (COVID-19) outbreak, the country’s construction industry remained strong, with residential and infrastructure sectors supporting the industry through huge projects.

Reflecting the disruptions caused by the pandemic, coupled with the weak outlook for economic growth, GlobalData forecasts construction industry growth to decelerate to 3.3% in real terms in 2020, and it is expected to grow at an annual average rate of 3.7% between 2021-2024. Growth in the sector will be supported by the government’s focus on developing the country’s infrastructure. In July 2020, the government published the National Plan for Investment and Economic Recovery. Under this new model of sustainable development, the government plans to spend RON485.4 billion (US$115.6 billion) to revive economic growth during the period of 2020-2025

This 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

Scope

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

– Historical (2015-2019) and forecast (2020-2024) 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 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

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-glance

3 Context

3.1. Economic Performance

3.2. Political Environment and Policy

3.3. Demographics

3.4. COVID-19 Status

4 Construction Outlook

4.1. All Construction

4.1.1. Outlook

4.1.2. Latest news and developments

4.1.3. Construction Projects Momentum Index

4.2. Commercial Construction

4.2.1. Outlook

4.2.2. Project analytics

4.2.3. Latest news and developments

4.3. Industrial Construction

4.3.1. Outlook

4.3.2. Project analytics

4.3.3. Latest news and developments

4.4. Infrastructure Construction

4.4.1. Outlook

4.4.2. Project analytics

4.4.3. Latest news and developments

4.5. Energy and Utilities Construction

4.5.1. Outlook

4.5.2. Project analytics

4.5.3. Latest news and developments

4.6. Institutional Construction

4.6.1. Outlook

4.6.2. Project analytics

4.6.3. Latest news and developments

4.7. Residential Construction

4.7.1. Outlook

4.7.2. Project analytics

4.7.3. Latest news and developments

5 Key Industry Participants

5.1. Contractors

5.2. Consultants

6 Construction Market Data

7 Appendix

7.1. What is this Report About?

7.2. Definitions

8 About GlobalData

8.1. GlobalData Construction

8.2. Disclaimer

8.3. Contact Us

List of Tables

List of Tables

Table 1: Construction Industry Key Data

Table 2: Romania, Key Economic Indicators

Table 3: Romania, Commercial Construction Output by Project Type (Real % Change), 2015-2024

Table 4: Romania, Top Commercial Construction Projects by Value

Table 5: Romania, Industrial Construction Output by Project Type (Real % Change), 2015-2024

Table 6: Romania, Top Industrial Construction Projects by Value

Table 7: Romania, Infrastructure Construction Output by Project Type (Real % Change), 2015-2024

Table 8: Romania, Top Infrastructure Construction Projects by Value

Table 9: Romania, Energy and Utilities Construction Output by Project Type (Real % Change), 2015-2024

Table 10: Romania, Top Energy and Utilities Construction Projects by Value

Table 11: Romania, Institutional Construction Output by Project Type (Real % Change), 2015-2024

Table 12: Romania, Top Institutional Construction Projects by Value

Table 13: Romania, Residential Construction Output by Project Type (Real % Change), 2015-2024

Table 14: Romania, Top Residential and Mixed-Use Construction Projects by Value

Table 15: Romania, Key Contractors

Table 16: Romania, Key Consultants

Table 17: Romania, Construction Output Value (Real, US$ Million)

Table 18: Romania, Construction Output Value (Nominal, RON Million)

Table 19: GlobalData Construction Market Definitions

List of Figures

List of Figures

Figure 1: Eastern Europe, Construction Output (Real % Change), 2020

Figure 2: Romania, Construction Projects Pipeline by Sector (US$ Billion)

Figure 3: Romania, COVID-19 Confirmed Cases

Figure 4: Romania, Construction Output Value, by Sector (Real, US$ Million), 2015-2024

Figure 5: Romania, Construction Output Value, by Sector (Real, US$ Million), 2015-2024

Figure 6: Romania, Construction Value-Add (RON, Million)

Figure 7: Romania, Construction Projects Momentum Index

Figure 8: Romania, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024

Figure 9: Romania, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 10: Romania, Total Tourist Arrivals (In Thousands)

Figure 11: Romania, Wholesale Turnover Value Index (2015=100)

Figure 12: Romania, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024

Figure 13: Romania, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 14: Romania, Manufacturing Production Index (2015=100)

Figure 15: Romania, Total Merchandise Export (RON Million)

Figure 16: Romania, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024

Figure 17: Romania, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 18: Romania, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024

Figure 19: Romania, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 20: Romania, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024

Figure 21: Romania, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 22: Romania, Administrative Building Permits (Total, Number)

Figure 23: Romania, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024

Figure 24: Romania, Residential Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 25: Romania, Residential Building Permits Issued (Total, Number)

Figure 26: Romania, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 27: Romania, Headquarters of Key Consultants (% of Total Project Pipeline)

Figure 28: GlobalData at a Glance

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