Russia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)
Description
Russia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)
Summary
GlobalData expects the Russian construction industry to record a real-terms growth of 1.8% in 2025, supported by the ease in interest rates, coupled with investments in energy and infrastructure projects. In September 2025, the local government of Saint Petersburg announced that it targets to increase fixed capital investments by 25.3% compared to 2020 levels. This will lead to higher investment in infrastructure projects, a rise in construction employment, and a direct boost to the demand for construction services. However, the prolonged war, lowering foreign trade, a decline in global oil prices, high inflation rates, and a weaker residential and industrial markets are anticipated to pose downside risks over the short term. According to Rosstat, the average industrial production index declined by 3.2% YoY in the first six months of 2025, while the average manufacturing production index declined by 4.2% YoY during the same period.
Over the remainder of the forecast period, the Russian construction industry is projected to record an annual average growth rate of 2.5% between 2026 and 2029, supported by investments in oil and gas, industrial, infrastructure, and renewable energy projects. The government plans to raise the renewable energy capacity in the country from 6.6GW in 2024 to 18GW by 2035. To support this, the Ministry of Energy is implementing the Development of Energy strategy (2025-27). Under this strategy, the government will invest RUB176.5 billion ($1.8 billion) by 2027. Of the total, RUB91.2 billion ($930 million) will be invested to improve the electricity grid, and RUB29.2 billion ($297.8 million) for the construction of liquefied Natural Gas (LNG) complexes and oil and gas infrastructure by 2027. Apart from this, under the Development of Energy strategy, two power plants with a capacity of 250MW will be constructed in the country by 2027
GlobalData’s Construction in Russia - Key Trends and Opportunities to 2029 (Q3 2025) report provides detailed market analysis, information, and insights into the Russian construction industry, including -
This report provides a comprehensive analysis of the construction industry in Russia. It provides -
Summary
GlobalData expects the Russian construction industry to record a real-terms growth of 1.8% in 2025, supported by the ease in interest rates, coupled with investments in energy and infrastructure projects. In September 2025, the local government of Saint Petersburg announced that it targets to increase fixed capital investments by 25.3% compared to 2020 levels. This will lead to higher investment in infrastructure projects, a rise in construction employment, and a direct boost to the demand for construction services. However, the prolonged war, lowering foreign trade, a decline in global oil prices, high inflation rates, and a weaker residential and industrial markets are anticipated to pose downside risks over the short term. According to Rosstat, the average industrial production index declined by 3.2% YoY in the first six months of 2025, while the average manufacturing production index declined by 4.2% YoY during the same period.
Over the remainder of the forecast period, the Russian construction industry is projected to record an annual average growth rate of 2.5% between 2026 and 2029, supported by investments in oil and gas, industrial, infrastructure, and renewable energy projects. The government plans to raise the renewable energy capacity in the country from 6.6GW in 2024 to 18GW by 2035. To support this, the Ministry of Energy is implementing the Development of Energy strategy (2025-27). Under this strategy, the government will invest RUB176.5 billion ($1.8 billion) by 2027. Of the total, RUB91.2 billion ($930 million) will be invested to improve the electricity grid, and RUB29.2 billion ($297.8 million) for the construction of liquefied Natural Gas (LNG) complexes and oil and gas infrastructure by 2027. Apart from this, under the Development of Energy strategy, two power plants with a capacity of 250MW will be constructed in the country by 2027
GlobalData’s Construction in Russia - Key Trends and Opportunities to 2029 (Q3 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
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
- 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
50 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: 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: 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: 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, Monthly Unemployment in Metropolitan Lima (in Thousands)
- Figure 10: Russia, Construction Projects Momentum Index
- Figure 11: Eastern Europe, Construction Projects Momentum Index
- Figure 12: Russia, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 13: Russia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 14: Russia, Hotels and food services Value-add (RUB Billion, 2021 Constant Prices)
- Figure 15: Russia, Retail Trade Turnover (RUB Billion)
- Figure 16: Russia, Wholesale and Retail Trade Value-add (RUB Billion, 2021 Constant Prices)
- Figure 17: Russia, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 18: Russia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 19: Russia, Manufacturing Value-add (RUB Billion, 2021 Constant Prices)
- Figure 20: Russia, Industrial and Manufacturing Production Index (% Change, YoY)
- Figure 21: Russia, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 22: Russia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 23: Russia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 24: Russia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 25: Russia, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 26: Russia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 27: Russia, Education Value-add (RUB Billion, 2021 Constant Prices)
- Figure 28: Russia, Health and Social Service Value-add (RUB Billion, 2021 Constant Prices)
- Figure 29: Russia, Residential Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 30: Russia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 31: Russia, Real estate Value-add (RUB Billion, 2021 Constant Prices)
- Figure 32: Russia, Residential Buildings Commissioned by Organizations (Million m2)
- Figure 33: Russia, Volume of Extended Mortgage Loans (RUB, Billion)
- Figure 34: Russia, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 35: Russia, Headquarters of Key Consultants (% of Total Project Pipeline)
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