Balkan Peninsula Transportation Infrastructure Market

Balkan Peninsula Transportation Infrastructure Market

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  • 17-10-2023
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Raksha Sharma

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Balkan Peninsula Transportation Infrastructure Market Outlook

The Balkan Peninsula Transportation Infrastructure market was valued at USD 9,268.7 Million in 2022 and is projected to reach USD 25,995.9 Million by 2031, expanding at a CAGR of 12.5 % during the forecast period.

Transportation infrastructure refers to the structures and facilities necessary for the movement of goods and people. It encompasses roads, bridges, trains, transit hubs, etc. These are further augmented with traffic sensors, GPS, and telematics through intelligent transportation systems. This infrastructure serves as the economic backbone of an area, facilitating trade and commerce, linking towns, promoting tourism, and directly contributing to mobility and quality of life of citizens.

Balkan Peninsula Transportation Infrastructure Market Outlook

Good transport infrastructure boosts efficiency, lowers costs, and increases the long-term viability of economic enterprises. Legislators and urban planners are responsible for the planning, development, and maintenance of transport infrastructure.

Macro-Economic Factors

Economic Growth

Efficient transportation networks, such as roads, highways, railways, and public transportation are the foundation on which the economy of a country is built. Improved transport enables the movement of goods and services between regions and countries. This facilitates trade and helps businesses reach large markets.

When goods can be transported quickly and cost-effectively, it encourages additional trade activities, leading to increased economic output and gross domestic product (GDP) growth. For instance, according to Census and Economic Information Center (CEIC) Data, road infrastructure investment per GDP in North Macedonia was 1.64 Ratio in 2021, up from 1.549 Ratio in 2020. This indicates an increase in the share of GDP allocated to improving road infrastructure in the country.

Government Initiatives

Governments across various countries in the Balkan have taken initiatives to strengthen the future of transportation infrastructure. The Slovenia government has been investing in various transportation infrastructure projects, both at the national and regional levels. For instance, the Slovenia government plans to expand rail spending to 470 Million Euros (USD 510 million) in 2023, up from 300 Million Euros in 2022.

Furthermore, Romania’s transport infrastructure is undeveloped and requires investment and upgrading. The EU has allocated 10.8 billion Euros (USD 12.08 billion) under the Operational Programme for Large Infrastructure 2014- 2020, including government co-financing.

Balkan Peninsula Transportation Infrastructure Market Dynamics

Market Driver- EU Integration and Funding

EU integration and funding play a crucial role in boosting the Balkan Peninsula transportation infrastructure market by providing financial support, technical assistance, and regulatory frameworks to upgrade and modernize transportation systems in the region. The Instrument for Pre-accession Assistance (IPA) provides financial assistance to candidate and potential candidate nations in the Balkans as part of the EU's pre-accession process.

IPA assistance is allocated to multiple sectors, including transportation infrastructure, to assist these nations in aligning their standards and regulations with EU norms. Financial aid helps to launch and implement projects that these countries are not able to undertake on their own, owing to budget constraints.

Market Driver- Increasing Foreign Investments

Foreign investments play a significant role in driving the transportation infrastructure in the Balkans by upgrading road networks and modernizing railway networks, which facilitate the movement of goods and people, leading to increased trade and economic integration in the region. These investments come from various sources, including foreign governments and private companies. They often contribute to the funding and implementation of crucial infrastructure projects.

Foreign companies and investors often participate in public-private partnerships (PPPs) to finance and develop transportation infrastructure projects in the BalkPublic-private Partnerships (PPPs) allow governments to leverage private sector expertise and funding while sharing risks and awards.

Market Restraint- Government Regulations

Government regulations in Balkan countries often pose challenges to the transportation infrastructure market. For instance, according to the International Comparative Legal Guide (ICLG), construction contracts in Slovenia are concluded in conformity with the regulations of the Obligations Code (OZ), Special Construction Usages, and International Federation of Consulting Engineers (FIDIC) books.

On the other hand, lengthy and complex processes for obtaining permits and approvals can lead to cost overruns and hinder the timely completion of projects. For instance, environmental impact assessments and public consultations required for major infrastructure projects can sometimes prolong the approval process. Government regulations impose restrictions on budget allocation or borrowing for infrastructure projects.

Market Opportunity- Technological Advancements

Technological advancements create numerous opportunities for the Balkans transportation infrastructure market by enhancing efficiency, safety, and connectivity. Intelligent Transportation Systems (ITS) leverage advanced technologies to improve the management and coordination of transportation networks. Traffic flow can be optimized, which reduces congestion and travel times, by using sensors, cameras, and data analytics.

For instance, implementing ITS in major cities such as Belgrade or Sofia enhances traffic management and enables real-time information dissemination to commuters, resulting in smooth and efficient transportation.

Furthermore, implementing high-speed rail systems can significantly improve intercity and international connectivity in the BalkHigh-speed trains can reduce travel times and encourage people to use public transportation, easing traffic and reducing carbon emissions.

Scope of Balkan Peninsula Transportation Infrastructure Market Report

The report on the Balkan Peninsula Transportation Infrastructure market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Transportation Infrastructure Market – Balkan Peninsula Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023–2031

Segmentation

By Infrastructure Type (Road & Highway Infrastructure, Railway Infrastructure, Bridges & Tunnels, Public Transportation Infrastructure), By Construction Type (New Construction, Renovation), By Investment Type (Public Sector Infrastructure Projects, Private Sector Infrastructure Projects, Public-Private Partnership (PPP) Projects)

Countries Scope

Slovenia, Serbia, North Macedonia, Bosnia & Herzegovina, Kosovo, Croatia and Rest of Balkan Peninsula

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

Vinci SA, STRABAG SE, Bechtel Corporation, AECOM, Kolektor, GRANIT AD, IRD ENGINEERING

 

Balkan Peninsula Transportation Infrastructure Market Segmental Outlook

The Balkan Peninsula Transportation Infrastructure market is segmented on the basis of Infrastructure Type, Construction Type and Investment Type.

Based on Infrastructure Type, the Balkan Peninsula Transportation Infrastructure market is divided into Road & Highway Infrastructure, Railway Infrastructure, Bridges & Tunnels, Public Transportation Infrastructure.

The Road & Highway Infrastructure segment have significant share in 2022 and is projected to expand at a significant CAGR during the forecast period. This is owing to the continuous construction and modernization of aged and improper road infrastructure in the region.

Balkan Peninsula Transportation Infrastructure Market Infrastructure Type

Based on Investment Type, the Balkan Peninsula Transportation Infrastructure market is divided into Public Sector Infrastructure Projects, Private Sector Infrastructure Projects, and Public-Private Partnership (PPP) Projects. The Public Sector Infrastructure Projects segment is projected to expand at a significant rate during the forecast period, due to increasing prioritizing sustainable and eco-friendly infrastructure projects.

Investment in public infrastructure is often driven by political economy rather than by economic efficiency. Western Balkan public infrastructure is significantly underdeveloped, not only in comparison to the infrastructure of the EU, but also in comparison to dynamic regional counterparts such as Western Europe or Central Europe.


Based on Construction type, the Balkan Peninsula Transportation Infrastructure market is divided into New Construction and Renovation. The New Construction segment is projected to expand at a significant rate during the forecast period, due to its modern design, technology integration, resilience, and durability.

New Construction allows for cheaper maintenance costs over time, and sustainability is still a major concern in new construction infrastructure. As people become more conscious of climate change and its effects on infrastructure, there is a greater emphasis on the resilience of new construction projects.

Countries Outlook

The market in Serbia is projected to expand at a significant share during the forecast period. This is due to the government's efforts to improve existing roads and building new highways to improve connectivity within the country and transportation efficiency. The government has taken initiatives to modernize the railway network to improve passenger and freight transport.

New rolling stock, track improvements, and electrification projects are expected to improve the capacity and speed of the railway system. 
The market in Croatia is to expand at a significant CAGR during the forecast period. The growth is largely due to the focus on modernizing and expanding the country's road networks and on developing the country's railway infrastructure.

Balkan Peninsula Transportation Infrastructure Market Country 

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Balkan Peninsula Transportation Infrastructure Market

  • Historical, Current, and Projected Market Size in terms of Value and Volume

  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered

  • Industry Drivers, Restraints, and Opportunities Covered in the Study

  • Recent Industry Trends and Developments

  • Competitive Landscape & Strategies of Key Players

  • Neutral Perspective on Balkan Peninsula Transportation Infrastructure Market Performance

Segments

By Infrastructure Type

  • Road & Highway Infrastructure
  • Railway Infrastructure
  • Bridges & Tunnels
  • Public Transportation Infrastructure

By Construction Type

  • New Construction
  • Renovation

By Investment Type

  • Public Sector Infrastructure Projects
  • Private Sector Infrastructure Projects
  • Public-Private Partnership (PPP) Projects

By Key Players

  • Vinci SA
  • STRABAG SE
  • Bechtel Corporation
  • AECOM
  • Kolektor
  • GRANIT AD
  • IRD ENGINEERING

Competitive Landscape

  • Top players in the market include Vinci SA, STRABAG SE, Bechtel Corporation, AECOM, Kolektor, GRANIT AD, IRD ENGINEERING.

  • The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunities for the Transportation Infrastructure market.

    Balkan Peninsula Transportation Infrastructure Market Key Players

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Transportation Infrastructure Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Transportation Infrastructure Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Transportation Infrastructure Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Transportation Infrastructure Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Balkan Peninsula Transportation Infrastructure Market Size & Forecast, 2016-2031
      4.5.1 Transportation Infrastructure Market Size and Y-o-Y Growth
      4.5.2 Transportation Infrastructure Market Absolute $ Opportunity
   4.6 Comparative Analysis of Transportation Infrastructure Investments, by Country

       4.6.1 Slovenia
       4.6.2 Serbia
       4.6.3 North Macedonia
       4.6.4 Bosnia & Herzegovina
       4.6.5 Kosovo
       4.6.6 Croatia
   4.7 Impact Analysis of Transportation Infrastructure on Last-Mile Delivery
  4.8 Impact Analysis of Transportation Infrastructure on Adoption of EVs
  4.9 Integration with Mobility as a Service (MaaS): Overview
  4.10 Smart Transportation System: Overview
Chapter 5 Balkan Peninsula Transportation Infrastructure Market Analysis and Forecast By Infrastructure Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Infrastructure Type
      5.1.2 Basis Point Share (BPS) Analysis By Infrastructure Type
      5.1.3 Absolute $ Opportunity Assessment By Infrastructure Type
   5.2 Transportation Infrastructure Market Size Forecast By Infrastructure Type
      5.2.1 Road & Highway Infrastructure
      5.2.2 Railway Infrastructure
      5.2.3 Bridges & Tunnels
      5.2.4 Public Transportation Infrastructure

         5.2.4.1 Buses
         5.2.4.2 Trams
         5.2.4.3 Subways
   5.3 Market Attractiveness Analysis By Infrastructure Type
Chapter 6 Balkan Peninsula Transportation Infrastructure Market Analysis and Forecast By Construction Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Construction Type
      6.1.2 Basis Point Share (BPS) Analysis By Construction Type
      6.1.3 Absolute $ Opportunity Assessment By Construction Type
   6.2 Transportation Infrastructure Market Size Forecast By Construction Type
      6.2.1 New Construction
      6.2.2 Renovation
   6.3 Market Attractiveness Analysis By Construction Type
Chapter 7 Balkan Peninsula Transportation Infrastructure Market Analysis and Forecast By Investment Type
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Investment Type
      7.1.2 Basis Point Share (BPS) Analysis By Investment Type
      7.1.3 Absolute $ Opportunity Assessment By Investment Type
   7.2 Transportation Infrastructure Market Size Forecast By Investment Type
      7.2.1 Public Sector Infrastructure Projects
      7.2.2 Private Sector Infrastructure Projects
      7.2.3 Public-Private Partnership (PPP) Projects
   7.3 Market Attractiveness Analysis By Investment Type
Chapter 8 Balkan Peninsula Transportation Infrastructure Analysis and Forecast
   8.1 Introduction
   8.2 Balkan Peninsula Transportation Infrastructure Market Size Forecast by Country
      8.2.1 Slovenia
         8.2.1.1 By Infrastructure Type
         8.2.1.2 By Construction Type
         8.2.1.3 By Investment Type
      8.2.2 Serbia
         8.2.2.1 By Infrastructure Type
         8.2.2.2 By Construction Type
         8.2.2.3 By Investment Type
      8.2.3 North Macedonia
         8.2.3.1 By Infrastructure Type
         8.2.3.2 By Construction Type
         8.2.3.3 By Investment Type
      8.2.4 Bosnia & Herzegovina
         8.2.4.1 By Infrastructure Type
         8.2.4.2 By Construction Type
         8.2.4.3 By Investment Type
      8.2.5 Kosovo
         8.2.5.1 By Infrastructure Type
         8.2.5.2 By Construction Type
         8.2.5.3 By Investment Type
      8.2.6 Croatia
         8.2.6.1 By Infrastructure Type
         8.2.6.2 By Construction Type
         8.2.6.3 By Investment Type
      8.2.7 Rest of Balkan Peninsula
         8.2.7.1 By Infrastructure Type
         8.2.7.2 By Construction Type
         8.2.7.3 By Investment Type
   8.3 Basis Point Share (BPS) Analysis by Country
   8.4 Absolute $ Opportunity Assessment by Country
   8.5 Market Attractiveness Analysis by Country
Chapter 9 Competition Landscape
   9.1 Transportation Infrastructure Market: Competitive Dashboard
   9.2 Balkan Peninsula Transportation Infrastructure Market: Market Share Analysis, 2022
   9.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      9.3.1 Vinci SA
      9.3.2 STRABAG SE
      9.3.3 Bechtel Corporation
      9.3.4 AECOM
      9.3.5 Kolektor 
      9.3.6 GRANIT AD
      9.3.7 IRD ENGINEERING

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FAQ Section

Some frequently asked questions about this report!

Additional company profiles can be provided on request. For a discussion related to above findings, click Speak to Analyst

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

EU Integration and Funding, Rising Tourism Potential, Increasing Foreign Investments are driving the growth of the market during the forecast period.

According to this Growth Market Reports report, the Balkan Peninsula Transportation Infrastructure market is likely to register a CAGR of 12.5% during the forecast period 2023-2031, with an anticipated valuation of USD 25,995.9 million by the end of 2031.

Factors such as Economic Growth, Government Initiatives are analyzed in the final report.

In addition to market size (in USD Million), Company Market Share (in % for base year 2022), Value has been provided in the report.

The base year considered for the Balkan Peninsula Transportation Infrastructure market report is 2022. The complete analysis period is 2016 to 2031, wherein, 2016 to 2021 are the historic years, and the forecast is provided from 2023 to 2031.