Russia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q2 2024)

Report
47 Pages
June 2024
Region: Russia
GlobalData
ID: 5782604

The Construction in Russia - Key Trends and Opportunities to 2028 (Q2 2024) report provides detailed market analysis, information, and insights into the Russian construction industry, including :

The Russian 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 Russian construction industry
Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

The analyst expects a real terms growth in the Russian construction industry to slow from 6.6% in 2023 to 1.8% in 2024, owing to decline in oil and gas revenues, rising Western sanctions, and lack of skilled workers. In June 2024, the European Union (EU) adopted the 14th package of sanctions against Russia, aimed at reducing the country’s ability to wage war against Ukraine. Some of the sanctions as part of the package include prohibition of all future investments in Liquefied Natural Gas (LNG) projects under construction in Russia, prohibition on importing Russian LNG into terminals which are connected to the EU gas pipeline network, extension of bans on exporting specific industrial goods and technology to Russia, asset freezes and travel bans on 116 additional individuals and entities responsible for undermining Ukraine’s sovereignty, prohibiting EU political parties from receiving Russian state funding, and strengthening transport restrictions. In June 2024, the Russian state-owned energy company Gazprom reported that it is expected to take at least a decade to recover from the gas sales lost due to the Ukraine war. The sanctions have hindered Gazprom's ability to expand its export capacity, as it lacks access to western-made turbines essential for pipeline infrastructure and has led to a net loss of RUB606.3 billion ($6.9 billion) in 2023.

During the remainder of the forecast period, the Russian construction industry is expected to register an annual average growth of 2.8% from 2025 to 2028, supported by government investments in transport, residential and renewable energy projects. As part of the President’s pre-election promises, the government announced a plan in February 2024 to invest RUB10 trillion ($109.9 billion) for the development of infrastructure in the country by 2030. Of the total, RUB4.5 trillion ($51.2 billion) will be invested in modernising public infrastructure such as housing, RUB1 trillion ($11.4 billion) for the construction and maintenance of hospitals, RUB400 billion ($4.6 billion) for the construction of educational university campuses, and RUB250 billion ($2.8 billion) for the construction of airport infrastructure. In April 2024, the government announced the ’Moscow Transport Development Program’, which involves construction of transportation infrastructure in Mosco by 2030. The program will involve construction of 48 new metro stations, 88km of extended metro lines, 10.3km of new tram lines, four new depots, and development of a Central Transport Hub by 2030.

Scope

This report provides a comprehensive analysis of the construction industry in Russia. It provides :

Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Russia, 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 the analyst'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 the analyst's critical and actionable insight.
Assess business risks, including cost, regulatory and competitive pressures.
Evaluate competitive risk and success factors.

1 Executive Summary2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 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

8 About the Analyst9 Contact the Publisher

List of Tables

Table 1: Construction Industry Key Data
Table 2: Russia, Key Economic Indicators
Table 3: Russia, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Russia, Top Commercial Construction Projects by Value
Table 5: Russia, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Russia, Top Industrial Construction Projects by Value
Table 7: Russia, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Russia, Top Infrastructure Construction Projects by Value
Table 9: Russia, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Russia, Top Energy and Utilities Construction Projects by Value
Table 11: Russia, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Russia, Top Institutional Construction Projects by Value
Table 13: Russia, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: Russia, Top Residential Construction Projects by Value
Table 15: Russia, Key Contractors
Table 16: Russia, Key Consultants
Table 17: Russia, Construction Output Value (Real, $ Million)
Table 18: Russia, Construction Output Value (Nominal, RUB Billion)
Table 19: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Eastern Europe and Central Asia, Construction Output (Real % Change), 2022-28
Figure 2: Russia, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Russia, Risk Summary
Figure 4: Russia, Risk Regional Comparison
Figure 5: Russia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Russia, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Russia, Construction Value Add (RUB Billion, 2021 Constant Prices)
Figure 8: Russia, Construction Activity Volume Index, Percent of Corresponding Period of Previous Year
Figure 9: Russia, Investments in Fixed Capital (RUB Billion)
Figure 10: Russia, Monthly Unemployment in Metropolitan Lima (Three-Month Moving Average)
Figure 11: Russia, Construction Projects Momentum Index
Figure 12: Eastern Europe and Central Asia, Construction Projects Momentum Index
Figure 13: Russia, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 14: Russia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: Russia, Hotels and food services Value Add (RUB Billion, 2021 Constant Prices)
Figure 16: Russia, Retail Trade Turnover (RUB Billion)
Figure 17: Russia, Wholesale and Retail Trade Value Add (RUB Billion, 2021 Constant Prices)
Figure 18: Russia, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 19: Russia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 20: Russia, Manufacturing Value Add (RUB Billion, 2021 Constant Prices)
Figure 21: Russia, Industrial and Manufacturing Production Index (% Change, YoY)
Figure 22: Russia, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 23: Russia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 24: Russia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 25: Russia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Russia, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 27: Russia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Russia, Education Value Add (RUB Billion, 2021 Constant Prices)
Figure 29: Russia, Health and Social Service Value Add (RUB Billion, 2021 Constant Prices)
Figure 30: Russia, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 31: Russia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Russia, Real estate Value Add (RUB Billion, 2021 Constant Prices)
Figure 33: Russia, Residential Buildings Commissioned by Organizations (Million m2)
Figure 34: Russia, Volume of Extended Mortgage Loans (RUB, Billion)
Figure 35: Russia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 36: Russia, Headquarters of Key Consultants (% of Total Project Pipeline)

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The Construction in Russia - Key Trends and Opportunities to 2028 (Q2 2024) report provides detailed market analysis, information, and insights into the Russian construction industry, including :

Scope

This report provides a comprehensive analysis of the construction industry in Russia. It provides :

Reasons to Buy

Table of Contents

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