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Russia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q2 2025)

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    Report

  • 49 Pages
  • June 2025
  • Region: Russia
  • GlobalData
  • ID: 6116075
The Russian construction industry is projected to slow down in 2025. Indeed, it is forecasted to grow at a marginal rate of 0.8% in 2025, after registering a growth of 4.2% in real terms in 2024. This slowdown is attributed to several factors, including high construction material prices, rising inflation, higher interest rates, prolonged war with Ukraine, which is draining the government’s budget, and a weaker residential construction sector. In December 2024, the government approved a RUB11.1 trillion ($113.2 billion) defence budget for 2025, allocating 32.5% of total government spending, surpassing spending on education, healthcare, social policy, and the national economy combined.

Over the remainder of the forecast period, the construction industry is expected to record an annual average growth rate of 2.5% between 2026 and 2029, supported by increasing investments in oil and gas, transport infrastructure, and renewable energy projects coupled with governments plan to increase the renewable energy capacity in Russia from 6.6GW in 2024 to 18GW by 2035. In May 2025, Unigrin Energy, a Russian energy company announced a plan to construct a 650MW solar power plant in the Amur Region with an investment of RUB65 billion ($662.8 million) by 2027. Under the airport infrastructure modernization program, the Russian government plans to invest RUB381 billion ($3.9 billion) for the upgradation and modernization of 129 airfields across the country by 2030.

The Construction in Russia - Key Trends and Opportunities to 2029 (Q2 2025) 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 (2020-2024) and forecast (2025-2029) 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

Table of Contents

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 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), 2020-29
Table 4: Russia, Top Commercial Construction Projects by Value
Table 5: Russia, Industrial Construction Output by Project Type (Real % Change), 2020-29
Table 6: Russia, Top Industrial Construction Projects by Value
Table 7: Russia, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: Russia, Top Infrastructure Construction Projects by Value
Table 9: Russia, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: Russia, Top Energy and Utilities Construction Projects by Value
Table 11: Russia, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: Russia, Top Institutional Construction Projects by Value
Table 13: Russia, Residential Construction Output by Project Type (Real % Change), 2020-29
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, Construction Output (Real % Change), 2023-29
Figure 2: Russia, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
Figure 3: Russia, Risk Summary
Figure 4: Russia, Risk Regional Comparison
Figure 5: Russia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
Figure 6: Russia, Construction Output Value, by Sector (Real, $ Million), 2020-29
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 (in Thousands)
Figure 11: Russia, Construction Projects Momentum Index
Figure 12: Eastern Europe, Construction Projects Momentum Index
Figure 13: Russia, Commercial Construction Output by Project Type (Real, $ Million), 2020-29
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), 2020-29
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), 2020-29
Figure 23: Russia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 24: Russia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 25: Russia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Russia, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
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), 2020-29
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)