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Russia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027

Publisher GlobalData
Published Sep 27, 2023
Length 47 Pages
SKU # GBDT18282380

Description

Russia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027


Summary

Despite the challenging backdrop with Western sanctions imposed following Russia’s invasion of Ukraine, the Russian construction industry has been growing at a fast pace. According to Rosstat, the construction industry’s value add grew by 11.7% year on year (YoY) in Q2 2023 in real terms; this was preceded by Y-o-Y growth of 7% in Q1 2023. GlobalData forecasts that construction output will grow by 5.6% in 2023, but the outlook for 2024 is for a contraction of 7.7%. In addition to ongoing Western sanctions, elevated inflation and interest rates, a growing budget deficit, subdued trade, falling government revenues, and an exodus of skilled workers will impact on new investment.

Over the remainder of the forecast period, GlobalData estimates the Russian construction industry to register an annual average growth rate of 3.9% from 2025 to 2027, under a best-case scenario of the military conflict being short-lived, supported by government investment in infrastructure, residential and renewable energy projects. Despite Western economic sanctions, in October 2022, the government approved a plan for the construction of new road infrastructure up to 2027, with a total investment of RUB15.9 trillion ($224 billion). The program involves the construction of at least 4,000km of new roads, with another 3,000km of roads to be expanded from two to four lanes.

The 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 (2018-2022) and forecast (2023-2027) 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 GlobalData'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 GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

47 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
3.5 Potential Conflict Scenarios
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: Russia, Key Economic Indicators
Table 3: Russia, Commercial Construction Output by Project Type (Real % Change), 2018–27
Table 4: Russia, Top Commercial Construction Projects by Value
Table 5: Russia, Industrial Construction Output by Project Type (Real % Change), 2018–27
Table 6: Russia, Top Industrial Construction Projects by Value
Table 7: Russia, Infrastructure Construction Output by Project Type (Real % Change), 2018–27
Table 8: Russia, Top Infrastructure Construction Projects by Value
Table 9: Russia, Energy and Utilities Construction Output by Project Type (Real % Change), 2018–27
Table 10: Russia, Top Energy and Utilities Construction Projects by Value
Table 11: Russia, Institutional Construction Output by Project Type (Real % Change), 2018–27
Table 12: Russia, Top Institutional Construction Projects by Value
Table 13: Russia, Residential Construction Output by Project Type (Real % Change), 2018–27
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: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Eastern Europe and Central Asia, Construction Output (Real % Change), 2021–27
Figure 2: Russia, Construction Output by Sector (Real % Change), 2021–23 and 2024–27
Figure 3: Russia, Risk Summary
Figure 4: Russia, Risk Regional Comparison
Figure 5: Russia, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2018–27
Figure 6: Russia, Construction Output Value, by Sector (Real, $ Million), 2018–27
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, In 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), 2018–27
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), 2018–27
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), 2018–27
Figure 23: Russia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 24: Russia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018–27
Figure 25: Russia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Russia, Institutional Construction Output by Project Type (Real, $ Million), 2018–27
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), 2018–27
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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