Russia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (Q3 2026)

Summary

The Russian construction industry is expected to contract in real terms by 5.2% in 2026 and 2.9% in 2027, owing to the ongoing economic uncertainty in the country, leading to a decrease in investment in the industry, coupled with higher construction material prices. Construction material prices in Russia, which had stabilized at the beginning of 2026, have started rising again, as announced by the government, in September 2026, with rebar and bitumen prices increasing amid reported shutdowns of Gazprom Neft Moscow Refinery, Novoshakhtinsk Oil Products Plant and Rosneft Ryazan Refinery facilities. According to Deputy Prime Minister Marat Khusnullin, construction materials prices have nearly doubled over the past four years, with increases ranging from 80% for some materials to as high as 120% for others, while the average increase is close to 100%.

Over the remainder of the forecast period, the Russian construction industry is expected to rebound and record an annual average growth of 2.6% between 2028 and 2030, supported by an increase in investments in transport infrastructure, urban development and renewable energy projects. Authorities in Russia’s Southern Federal District (SFD) revealed in September 2026 that it is developing 159 integrated territorial development (KRT) projects covering 5,600ha, with a total urban-development potential of 41 million m2, including 29.6 million m2 of housing. The projects will support infrastructure such as roads, sidewalks, water and wastewater networks.

The analyst’s Construction in Russia - Key Trends and Opportunities to 2030 (Q3 2026) 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.

Scope

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

Historical (2021-2025) and forecast (2026-2030) 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 our 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 business strategies 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

About the Analyst
Contact Us

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), 2021-30
Table 4: Russia, Top Commercial Construction Projects by Value
Table 5: Russia, Industrial Construction Output by Project Type (Real % Change), 2021-30
Table 6: Russia, Top Industrial Construction Projects by Value
Table 7: Russia, Infrastructure Construction Output by Project Type (Real % Change), 2021-30
Table 8: Russia, Top Infrastructure Construction Projects by Value
Table 9: Russia, Energy and Utilities Construction Output by Project Type (Real % Change), 2021-30
Table 10: Russia, Top Energy and Utilities Construction Projects by Value
Table 11: Russia, Institutional Construction Output by Project Type (Real % Change), 2021-30
Table 12: Russia, Top Institutional Construction Projects by Value
Table 13: Russia, Residential Construction Output by Project Type (Real % Change), 2021-30
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: GlobalData Construction Market Definitions
Table 20: GlobalData Construction Market Definitions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Eastern Europe, Construction Output (Real % Change), 2024-30
Figure 2: Russia, Construction Output by Sector (Real % Change), 2024-26 and 2027-30
Figure 3: Russia, Risk Summary
Figure 4: Russia, Risk Regional Comparison
Figure 5: Russia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021-30
Figure 6: Russia, Construction Output Value, by Sector (Real, $ Million), 2021-30
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, Monthly Unemployment in Metropolitan Lima (in Thousands)
Figure 10: Russia, Construction Projects Momentum Index
Figure 11: Eastern Europe, Construction Projects Momentum Index
Figure 12: Russia, Commercial Construction Output by Project Type (Real, $ Million), 2021-30
Figure 13: Russia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 14: Russia, Hotels and food services Value-add (RUB Billion, 2021 Constant Prices)
Figure 15: Russia, Retail Trade Turnover (RUB Billion)
Figure 16: Russia, Wholesale and Retail Trade Value-add (RUB Billion, 2021 Constant Prices)
Figure 17: Russia, Industrial Construction Output by Project Type (Real, $ Million), 2021-30
Figure 18: Russia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 19: Russia, Manufacturing Value-add (RUB Billion, 2021 Constant Prices)
Figure 20: Russia, Industrial and Manufacturing Production Index (% Change, YoY)
Figure 21: Russia, Infrastructure Construction Output by Project Type (Real, $ Million), 2021-30
Figure 22: Russia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Russia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021-30
Figure 24: Russia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: Russia, Institutional Construction Output by Project Type (Real, $ Million), 2021-30
Figure 26: Russia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Russia, Education Value-add (RUB Billion, 2021 Constant Prices)
Figure 28: Russia, Health and Social Service Value-add (RUB Billion, 2021 Constant Prices)
Figure 29: Russia, Residential Construction Output by Project Type (Real, $ Million), 2021-30
Figure 30: Russia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Russia, Real estate Value-add (RUB Billion, 2021 Constant Prices)
Figure 32: Russia, Residential Buildings Commissioned by Organizations (Million m2)
Figure 33: Russia, Volume of Extended Mortgage Loans (RUB, Billion)
Figure 34: Russia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 35: Russia, Headquarters of Key Consultants (% of Total Project Pipeline)

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