
Bulgaria Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)
Description
Bulgaria Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)
Summary
GlobalData’s Construction in Bulgaria - Key Trends and Opportunities to 2029 (H1 2025) report provides detailed market analysis, information and insights into the Bulgarian construction industry, including -
Over the remainder of the forecast period, between 2026 and 2029, Bulgaria’s construction industry is expected to record an annual average growth rate of 4%, supported by investments in transport, renewable energy, and industrial sectors. Under the Transport Connectivity Program 2024-2027, the government reported that seven projects worth BGN414 million ($225.1 million) are currently being evaluated as of October 2024. Of the total seven projects, five projects are for the construction of railway and port infrastructure and the other two are for the construction of a railway connection with Plovdiv airport and for the development of the Plovdiv railway junction. In December 2024, the government reported that the construction work of a new Danube bridge near Ruse is expected to start by mid-2026. With an investment of BGN4.6 billion ($2.5 billion), the construction is expected to be completed by 2030. In January 2025, the government revealed that it is planning to develop the telecommunication network with an estimated investment BGN468.8 million ($254.9 million) with the help from the National Recovery and Resilience Plan (NRRP), benefiting over 350,000 Bulgarians by enhancing optical connectivity in 140 municipal centers and connecting at least 700 base stations. The construction industry’s growth will also be supported by the European Union (EU) funding of BGN2.3 billion ($1.2 billion) to support climate transition in the country by 2027. Under this, more than 2,190ha of the area will be rehabilitated to develop industrial areas and construct renewable energy source capacities and help the country to reach the EU 2030 climate and energy targets, which aims to reduce greenhouse gas emissions by 55% compared to 1990 levels, with the climate-neutral economy by 2050.
Scope
This report provides a comprehensive analysis of the construction industry in Bulgaria. It provides -
Summary
GlobalData’s Construction in Bulgaria - Key Trends and Opportunities to 2029 (H1 2025) report provides detailed market analysis, information and insights into the Bulgarian construction industry, including -
- The Bulgarian 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 Bulgarian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Over the remainder of the forecast period, between 2026 and 2029, Bulgaria’s construction industry is expected to record an annual average growth rate of 4%, supported by investments in transport, renewable energy, and industrial sectors. Under the Transport Connectivity Program 2024-2027, the government reported that seven projects worth BGN414 million ($225.1 million) are currently being evaluated as of October 2024. Of the total seven projects, five projects are for the construction of railway and port infrastructure and the other two are for the construction of a railway connection with Plovdiv airport and for the development of the Plovdiv railway junction. In December 2024, the government reported that the construction work of a new Danube bridge near Ruse is expected to start by mid-2026. With an investment of BGN4.6 billion ($2.5 billion), the construction is expected to be completed by 2030. In January 2025, the government revealed that it is planning to develop the telecommunication network with an estimated investment BGN468.8 million ($254.9 million) with the help from the National Recovery and Resilience Plan (NRRP), benefiting over 350,000 Bulgarians by enhancing optical connectivity in 140 municipal centers and connecting at least 700 base stations. The construction industry’s growth will also be supported by the European Union (EU) funding of BGN2.3 billion ($1.2 billion) to support climate transition in the country by 2027. Under this, more than 2,190ha of the area will be rehabilitated to develop industrial areas and construct renewable energy source capacities and help the country to reach the EU 2030 climate and energy targets, which aims to reduce greenhouse gas emissions by 55% compared to 1990 levels, with the climate-neutral economy by 2050.
Scope
This report provides a comprehensive analysis of the construction industry in Bulgaria. It provides -
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Bulgaria, 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
- 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 GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
49 Pages
- 1 Executive Summary
- 2 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 GlobalData
- 9 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Bulgaria, Key Economic Indicators
- Table 3: Bulgaria, Commercial Construction Output by Project Type (Real % Change), 2020–29
- Table 4: Bulgaria, Top Commercial Construction Projects by Value
- Table 5: Bulgaria, Industrial Construction Output by Project Type (Real % Change), 2020–29
- Table 6: Bulgaria, Top Industrial Construction Projects by Value
- Table 7: Bulgaria, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
- Table 8: Bulgaria, Top Infrastructure Construction Projects by Value
- Table 9: Bulgaria, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
- Table 10: Bulgaria, Top Energy and Utilities Construction Projects by Value
- Table 11: Bulgaria, Institutional Construction Output by Project Type (Real % Change), 2020-29
- Table 12: Bulgaria, Top Institutional Construction Projects by Value
- Table 13: Bulgaria, Residential Construction Output by Project Type (Real % Change), 2020-29
- Table 14: Bulgaria, Top Residential Construction Projects by Value
- Table 15: Bulgaria, Key Contractors
- Table 16: Bulgaria, Key Consultants
- Table 17: Bulgaria, Construction Output Value (Real, $ Million)
- Table 18: Bulgaria, Construction Output Value (Nominal, BGN Million)
- Table 19: GlobalData 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: Bulgaria, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 3: Bulgaria, Risk Summary
- Figure 4: Bulgaria, Risk Regional Comparison
- Figure 5: Bulgaria, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 6: Bulgaria, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 7: Bulgaria, Construction Value Add (BGN Million, 2020 Prices)
- Figure 8: Bulgaria, Construction Production Index (Unadjusted, 2021=100)
- Figure 9: Bulgaria, Gross Fixed Capital Formation in Construction (BGN Million, 2020 Chain Linked Volumes)
- Figure 10: Bulgaria, Loans Awarded to the Construction Industry (BGN Million)
- Figure 11: Bulgaria, Building Permits Issued for Construction of New Buildings (Gross Building Area – in 1,000m2)
- Figure 12: Bulgaria, Construction of New Buildings Started (Gross Building Area – in 1,000m2)
- Figure 13: Bulgaria, Total Number of Employed persons in the Construction Industry (In Thousands)
- Figure 14: Bulgaria, Number of Declarations of bankruptcies
- Figure 15: Bulgaria, Construction Projects Momentum Index
- Figure 16: Eastern Europe, Construction Projects Momentum Index
- Figure 17: Bulgaria, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 18: Bulgaria, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 19: Bulgaria, Wholesale and Retail Trade Value Add (BGN Million, 2020 Prices)
- Figure 20: Bulgaria, Overnight Stays (In Number, Thousands)
- Figure 21: Bulgaria, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 22: Bulgaria, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 23: Bulgaria, Industrial Production Index (Unadjusted, 2021=100)
- Figure 24: Bulgaria, Total Exports (BGN Billion)
- Figure 25: Bulgaria, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 26: Bulgaria, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 27: Bulgaria, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 28: Bulgaria, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 29: Bulgaria, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 30: Bulgaria, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 31: Bulgaria, Administrative Building Permits (Gross Building Area – in 1,000m2)
- Figure 32: Bulgaria, Construction of new administrative Building Permits (Gross Building Area – in 1,000m2)
- Figure 33: Bulgaria, Residential Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 34: Bulgaria, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 35: Bulgaria, Real Estate Activities Value Add (BGN Million, 2020 Prices)
- Figure 36: Bulgaria, Gross Fixed Capital Formation in Dwellings (BGN Million, 2020 Chain Linked Volumes)
- Figure 37: Bulgaria, Residential Building Permits Issued (Gross Building Area – in 1,000m2)
- Figure 38: Bulgaria, New residential building construction (Gross Building Area – in 1,000m2)
- Figure 39: Bulgaria, Loans for the Real Estate Sector (BGN Million)
- Figure 40: Bulgaria, House Price Index (2015=100)
- Figure 41: Bulgaria, House Sales Index (Previous Quarter =100)
- Figure 42: Bulgaria, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 43: Bulgaria, Headquarters of Key Consultants (% of Total Project Pipeline)
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