Russia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market France, 2023-2027
Description
Russia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market France, 2023-2027
Summary
The Russian construction is expected to grow by 6.6% in 2023, reflecting ongoing growth momentum in the construction industry in spite of the challenging backdrop with Western sanctions imposed following Russia’s invasion of Ukraine in February 2022. According to the Federal State Statistics Service (Rosstat), the construction industry’s value-add grew by 10% year on year (YoY) in Q3 2023, preceded by Y-o-Y growth of 11.7% in Q2 and 7% in Q1 2023. However, the outlook for 2024 is gloomy, owing to continued Western sanctions, coupled with elevated construction costs and interest rates, a growing budget deficit, falling government revenues, and an exodus of skilled workers. In addition, with the price cap on Russian crude oil set by the Group of Seven (G7) the government’s oil and gas revenues plummeted by 41% YoY in the first nine months of 2023. Falling government revenue is likely to impact the progress of public infrastructure projects.
Over the remainder of the forecast period, GlobalData estimates the Russian construction industry to register an annual average growth rate of 3.9% from 2025-27, with government investment in manufacturing sector, infrastructure, residential and renewable energy projects. While trade with the West has decreased substantially this year, trade with China, India and North African countries could partially offset the gap in supply left by the reduction in Western imports. Growth will be supported by Russian President Vladimir Putin’s signing of free trade agreements with different countries. In December 2023, Russian President Vladimir Putin announced his plan to sign an agreement with the Eurasian Economic Union (EAEU) and Iran by the end of 2023 on the creation of a free trade zone. Previously, in August 2023, the President announced his plan to sign free trade agreements with North African countries, Algeria, Morocco, Tunisia and Egypt. In late June 2023, the Duma - which is the lower house of the Russian parliament - approved draft laws on the creation of Free Economic Zones (FEZ) in the Donetsk, Luhansk, Kherson and Zaporozhye regions of Russia and will be operational until 2050.
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.
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
- 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
Pricing
Currency Rates
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