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Home > Construction >  Construction in Romania – Key Trends and Opportunities to 2025 (H2 2021)

Construction in Romania – Key Trends and Opportunities to 2025 (H2 2021)

The Romanian construction industry recorded a muted performance in the first three quarters of this year, and given the recent surge of Coronavirus (COVID-19) cases since late September 2021, which is likely to have weighed on economic activity, GlobalData has revised down its forecast for 2021 to 1.3%, from the previous projection of 2.4% growth. Although a relatively slow pace of growth, the construction industry had performed much stronger than others in the region in 2020, expanding by 13.5%. The residential sector has been a key growth area, and the expansion in residential construction in 2021 has helped to offset the weakness in other sectors.

The overall industry is expected to register an annual average growth of 3.9% between 2022-2025, supported by government plans to invest RON22.2 billion (US$5 billion) to upgrade the country’s road transport and highway during the period of 2021-2025. Some of the major projects under this investment are the stretches of the A7, A8 and A3 highways. This also includes work of the highway linking Lugoj and Deva, a stretch connecting the A1 highway and the Timisoara Airport. The industry’s output over the forecast period will also be supported by the various government investments to achieve the target of 30.7% renewables share in its total power capacity mix by 2030.

Additional growth impetus will come from EU support. On September 27th, 2021, the European Commission approved the country’s recovery and resilience plan, granting RON141.2 billion (US$35.5 billion) of EU funds. This is split into grants and loans, with RON68.8 billion (US$17.3 billion) to be received as grants and RON72 billion (US$18.1 billion) as loans.

GlobalData’s Construction in Romania – Key Trends and Opportunities to 2025 (H2 2021) 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 (2016-2020) and forecast (2021-2025) 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

3.5 Risk Profile

4 Construction Outlook

4.1 All Construction

– Outlook

– Latest news and developments

– Construction Projects Momentum Index

4.2 Commercial Construction

– Outlook

– Project analytics

– Latest news and developments

4.3 Industrial Construction

– Outlook

– Project analytics

– Latest news and developments

4.4 Infrastructure Construction

– Outlook

– Project analytics

– Latest news and developments

4.5 Energy and Utilities Construction

– Outlook

– Project analytics

– Latest news and developments

4.6 Institutional Construction

– Outlook

– Project analytics

– Latest news and developments

4.7 Residential Construction

– Outlook

– Project analytics

– 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

7.3 CRI Methodology

7.4 GlobalData Construction

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), 2016-2025

Table 4: Romania, Top Commercial Construction Projects by Value

Table 5: Romania, Industrial Construction Output by Project Type (Real % Change), 2016-2025

Table 6: Romania, Top Industrial Construction Projects by Value

Table 7: Romania, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025

Table 8: Romania, Top Infrastructure Construction Projects by Value

Table 9: Romania, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025

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

Table 11: Romania, Institutional Construction Output by Project Type (Real % Change), 2016-2025

Table 12: Romania, Top Institutional Construction Projects by Value

Table 13: Romania, Residential Construction Output by Project Type (Real % Change), 2016-2025

Table 14: Romania, Top Residential 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

Table 20: Risk Dimensions

Table 21: Ratings, Scores and Definitions

List of Figures

List of Figures

Figure 1: Eastern Europe, Construction Output (Real % Change), 2020 and 2021

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

Figure 3: Romania, COVID-19 Confirmed Cases

Figure 4: Romania, Risk Summary

Figure 5: Romania, Risk Regional Comparison

Figure 6: Romania, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025

Figure 7: Romania, Construction Output Value, by Sector (Real, US$ Million), 2016-2025

Figure 8: Romania, Construction Value Add (Chain Linked Volumes (2015), Million RON)

Figure 9: Romania, Construction Production index (2015=100)

Figure 10: Romania, Construction Cost Index (2015=100)

Figure 11: Romania, Gross Fixed Capital Formation (Chain Linked Volumes (2015), Million RON)

Figure 12: Romania, Construction Projects Momentum Index

Figure 13: Eastern Europe, Construction Projects Momentum Index

Figure 14: Romania, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 15: Romania, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 16: Romania, Wholesale and Retail Industry Value Add (Chain Linked Volumes (2015), Million RON)

Figure 17: Romania, Total Tourist Arrivals (In Thousands)

Figure 18: Romania, Wholesale and Retail Building Permits (Number)

Figure 19: Romania, Wholesale Turnover Value Index (2015=100)

Figure 20: Romania, Hotel and Similar Type Building Permits (Number)

Figure 21: Romania, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 22: Romania, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 23: Romania, Manufacturing Value Add (Chain Linked Volumes (2015), Million RON)

Figure 24: Romania, Manufacturing Production Index (2015=100)

Figure 25: Romania, New Order Value Index (2015=100)

Figure 26: Romania, Total Merchandise Export (USD Million)

Figure 27: Romania, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 28: Romania, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 29: Romania, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 30: Romania, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 31: Romania, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 32: Romania, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 33: Romania, Permits Issued for Administrative Buildings (Number)

Figure 34: Romania, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 35: Romania, Residential Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 36: Romania, Real-estate Value Add (Chain Linked Volumes (2015), Million RON)

Figure 37: Romania, Residential Building Permits Issued (Total, Number)

Figure 38: Romania, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 39: Romania, Headquarters of Key Consultants (% of Total Project Pipeline)

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