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Hungary Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)

Publisher GlobalData
Published Oct 31, 2025
Length 51 Pages
SKU # GBDT20635335

Description

Hungary Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)

Summary

The construction industry in Hungary is expected to contract slightly in real terms by 2% in 2025, due to a slowdown in real estate and industrial construction activity. This decline is being driven by rising political uncertainty ahead of the 2026 parliamentary elections and an increasing shortage of labour. According to the Hungarian Central Statistical Office (KSH), the total value added of real estate activities in the country fell marginally by 0.2% year-on-year (YoY) in the first half of 2025, compared to an annual growth of 0.2% in 2024.The Hungarian construction industry is also expected to be impacted by elevated budget deficits and fluctuating economic growth in the short term. The budget deficit is placing significant pressure on the economy and the 2026 budget, with the year-to-date deficit already reaching 70% of the full-year target by September 2025. Ongoing disputes with Brussels overrule of law issues continue to cloud access to European Union (EU) funding, a critical source of infrastructure financing.

However, GlobalData expects Hungary’s construction industry to rebound, recording an average annual growth rate of 4.7% between 2026 and 2029. This recovery will be supported by increased investment in transport, renewable energy, and housing infrastructure projects. Construction began on the M1 main line motorway project in September 2025, which involves widening a 78km section of the M1 motorway between Budapest and Győr. The project is expected to be completed by August 2029.Growth over the forecast period will also be driven by the government’s goal of achieving a 20% share of renewables in the national energy mix by 2030, along with a one-gigawatt (GW) energy storage capacity target by the same year.

GlobalData’s Construction in Hungary - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into Hungary’s construction industry, including -
  • Hungary’s 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 Hungary’s 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 Hungary. It provides -
    • Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Hungary, 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 GlobalData's critical and actionable insight
    • Assess business risks, including cost, regulatory and competitive pressures
    • Evaluate competitive risk and success factors

Table of Contents

51 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: Hungary, Key Economic Indicators
Table 3: Hungary, Commercial Construction Output by Project Type (Real % Change), 2020-29
Table 4: Hungary, Top Commercial Construction Projects by Value
Table 5: Hungary, Industrial Construction Output by Project Type (Real % Change), 2020-29
Table 6: Hungary, Top Industrial Construction Projects by Value
Table 7: Hungary, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: Hungary, Top Infrastructure Construction Projects by Value
Table 9: Hungary, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: Hungary, Top Energy and Utilities Construction Projects by Value
Table 11: Hungary, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: Hungary, Top Institutional Construction Projects by Value
Table 13: Hungary, Residential Construction Output by Project Type (Real % Change), 2020-29
Table 14: Hungary, Top Residential Construction Projects by Value
Table 15: Hungary, Key Contractors
Table 16: Hungary, Key Consultants
Table 17: Hungary, Construction Output Value (Real, $ Million)
Table 18: Hungary, Construction Output Value (Nominal, HUF Billion)
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: Hungary, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
Figure 3: Hungary, Risk Summary
Figure 4: Hungary, Risk Regional Comparison
Figure 5: Hungary, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
Figure 6: Hungary, Construction Output Value, by Sector (Real, $ Million), 2020-29
Figure 7: Hungary, Construction Value Add (HUF Million, average prices of 2021)
Figure 8: Hungary, Gross Fixed Capital Formation in Construction (HUF Million, Chain Linked Volumes 2020)
Figure 9: Hungary, Volume Indices of the National Economy's Investments for Construction activities (Corresponding Period of the Previous Year=100)
Figure 10: Hungary, Employment in Construction (In Thousand)
Figure 11: Hungary, Construction Building Permits (In Numbers)
Figure 12: Hungary, Construction Projects Momentum Index
Figure 13: Eastern Europe, Construction Projects Momentum Index
Figure 14: Hungary, Commercial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 15: Hungary, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Hungary, Wholesale and Retail Trade Value Add (HUF Billion, average prices of 2021)
Figure 17: Hungary, Accommodation and Food Services Value Add (HUF Million, average prices of 2021)
Figure 18: Hungary, Total number of inbound trips to Hungary (In thousands) and total expenditures of inbound visitors to Hungary (In HUF Million), % Change, YoY
Figure 19: Hungary, Commercial Building Permits (In Numbers)
Figure 20: Hungary, Agricultural Building Permits (In Numbers)
Figure 21: Hungary, Industrial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 22: Hungary, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Hungary, Volume Indices of the National Economy's Investments for Manufacturing activities (Corresponding Period of the Previous Year=100)
Figure 24: Hungary, Manufacturing Value Add (HUF Billion, average prices of 2021)
Figure 25: Hungary, Total New Orders of Selected Branches of Manufacturing (at Constant Prices, Corresponding Period of Previous Year = 100), % Change YoY
Figure 26: Hungary, Industrial Building Permits (In Numbers)
Figure 27: Hungary, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 28: Hungary, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Hungary, Volume Indices of the National Economy's Investments for Transportation and storage activities (Corresponding Period of the Previous Year=100)
Figure 30: Hungary, Transport and Storage Value Add (HUF Million, average prices of 2021)
Figure 31: Hungary, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 32: Hungary, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: Hungary, Volume Indices of the National Economy's Investments for Electricity, gas, steam and air conditioning supply (Corresponding Period of the Previous Year=100), % Change YoY
Figure 34: Hungary, Volume Indices of the National Economy's Investments for Water supply; sewerage, waste management and remediation activities (Corresponding Period of the Previous Year=100), % Change YoY
Figure 35: Hungary, Information and Communication Services Value Add (HUF Billion, average prices of 2021)
Figure 36: Hungary, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 37: Hungary, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 38: Hungary, Volume Indices of the National Economy's Investments for Education (Corresponding Period of the Previous Year=100), % Change YoY
Figure 39: Hungary, Volume Indices of the National Economy's Investments for Human Health and Social Work Activities (Corresponding Period of the Previous Year=100), % Change YoY
Figure 40: Hungary, Health Value Add (HUF million, average prices of 2021)
Figure 41: Hungary, Education Value Add (HUF million, average prices of 2021)
Figure 42: Hungary, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 43: Hungary, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 44: Hungary, Real Value Add (HUF million, average prices of 2021)
Figure 45: Hungary, Volume Indices of the National Economy's Investments for real estate activities (Corresponding Period of the Previous Year=100)
Figure 46: Hungary, Construction Permits Issued for Residential Buildings (In Number)
Figure 47: Hungary, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 48: Hungary, Headquarters of Key Consultants (% of Total Project Pipeline)

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