26-Jun-2024
Increase in investments in extensive projects and infrastructure initiatives across the region is driving the Poland construction market demand during the forecast period.
The Poland Construction Market size was valued at USD 100.75 billion in 2023, and is predicted to reach USD 130.88 billion by 2030, at a CAGR of 2.9% from 2024 to 2030, according to the new research by Next Move Strategy Consulting.
The construction sector in this country is presently undergoing considerable growth, largely propelled by a significant increase in investments in extensive projects and infrastructure initiatives. Highlighted examples from 2023 encompass the Rybnik Gas Fired Power Plant (882 MW), the A2 Motorway: Siedlce to Biala Podlaska, the DK-8 Road Upgrade: Bialystok-Augustow, the Wroclaw Oncology Hospital, and the Ogrody Geyera Apartment Complex. These flagship endeavors serve as key drivers for advancing the construction market within the nation, indicating a promising trajectory for the industry's expansion.
However, the construction market faces substantial challenges arising from the intricate landscape of government regulations and permitting procedures, that require a range of permits and approvals from local, regional, and national authorities. These requirements encompass zoning regulations, environmental assessments, compliance with building codes, safety standards, and other regulatory prerequisites.
Permit delays, bureaucratic inefficiencies, and discrepancies in regulations across different jurisdictions can significantly prolong project timelines and increase costs. Moreover, fluctuations in regulations or unforeseen policy changes can disrupt ongoing projects and deter future investments.
On the other hand, digital transformation and the adoption of Building Information Modeling (BIM) are reshaping the construction landscape by integrating advanced technologies to improve efficiency, accuracy, and collaboration across projects. BIM, a sophisticated 3D modeling tool, empowers stakeholders to create and manage digital representations of structures and infrastructure, thereby enhancing coordination and communication among project teams.
Several key market players operating in the Poland construction industry include China State Construction Engineering Corp. Ltd. (CSCEC), China Railway Group Ltd. (CREC), China Railway Construction Corp. Ltd. (CRCC), China Communications Construction Group Ltd. (CCCC), Metallurgical Corporation of China Ltd. (MCC), Power Construction Corp. of China, Vinci SA, China Energy Engineering Corp. (CEEC), Shanghai Construction Group (SCG), Bouygues Group, and others.
The information related to key drivers, restraints, and opportunities and their impact on the Poland construction market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The report provides an analysis of the Poland construction market share and competitive landscape of key players in the industry.
The adoption of collaborative strategies among the key playe...
The rising collaboration among key players in the region is...
Increased government investment in various infrastructure pr...
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