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Hungary Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

Best Price Guarantee Length Publisher Published Date SKU
from $1,495 51 Pages GlobalData February, 2024 GBDT18640232
Best Price Guarantee
Price from $1,495
Length 51 Pages
Publisher GlobalData
Published Date February, 2024
SKU GBDT18640232

Hungary Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028


Summary

GlobalData expects the construction industry in Hungary is expected to shrink by 1.8% in real terms in 2024, owing to headwinds caused by rising inflation, interest rates, construction material prices, coupled with declining investments in the construction industry. According to the Hungarian Central Statistical Office (KSH), the investment in construction industry fell by 24.9% year on year (YoY) in the first nine months of 2023, preceded by an annual growth of 3.3% in 2022. In addition, the residential and commercial sector’s weakness is majorly affecting the industry’s output in 2024. According to KSH, the total number of commercial construction permits fell by 16.1% in the first nine months of 2023 and the total number of residential construction permits fell by 43.2% in the first nine months of 2023, preceded by an annual growth of 3.3% and 19.7% in 2022, respectively.

However, the construction industry is expected to record an annual average growth rate of 5.7% between 2025 and 2028, supported by improvement in investments in transport, energy production projects, residential and commercial construction projects. In November 2023, the European Commission approved a plan to fund HUF2.6 trillion ($6.7 billion) in grants and HUF1.5 trillion ($4 billion) in loans to include the REPowerEU program under Recovery and Resilience Plan by end of 2026.

GlobalData’s Construction in Hungary – Key Trends and Opportunities to 2028 (H1 2024) 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 (2019–2023) and forecast (2024–2028) 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 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.


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), 2019–28
Table 4: Hungary, Top Commercial Construction Projects by Value
Table 5: Hungary, Industrial Construction Output by Project Type (Real % Change), 2019–28
Table 6: Hungary, Top Industrial Construction Projects by Value
Table 7: Hungary, Infrastructure Construction Output by Project Type (Real % Change), 2019–28
Table 8: Hungary, Top Infrastructure Construction Projects by Value
Table 9: Hungary, Energy and Utilities Construction Output by Project Type (Real % Change), 2019–28
Table 10: Hungary, Top Energy and Utilities Construction Projects by Value
Table 11: Hungary, Institutional Construction Output by Project Type (Real % Change), 2019–28
Table 12: Hungary, Top Institutional Construction Projects by Value
Table 13: Hungary, Residential Construction Output by Project Type (Real % Change), 2019–28
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), 2022–28
Figure 2: Hungary, Construction Output by Sector (Real % Change), 2022–24 and 2025–28
Figure 3: Hungary, Risk Summary
Figure 4: Hungary, Risk Regional Comparison
Figure 5: Hungary, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2019–28
Figure 6: Hungary, Construction Output Value, by Sector (Real, $ Million), 2019–28
Figure 7: Hungary, Construction Value Add (HUF Million, average prices of 2015)
Figure 8: Hungary, Gross Fixed Capital Formation in Construction (HUF Million, Chain Linked Volumes 2015)
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), 2019–28
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 2015)
Figure 17: Hungary, Accommodation and Food Services Value Add (HUF Million, average prices of 2015)
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), 2019–28
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 2015)
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, Total Exports (HUF Billion, Nominal Prices)
Figure 28: Hungary, Infrastructure Construction Output by Project Type (Real, $ Million), 2019–28
Figure 29: Hungary, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Hungary, Volume Indices of the National Economy's Investments for Transportation and storage activities (Corresponding Period of the Previous Year=100)
Figure 31: Hungary, Transport and Storage Value Add (HUF Million, average prices of 2015)
Figure 32: Hungary, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019–28
Figure 33: Hungary, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: 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 35: 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 36: Hungary, Information and Communication Services Value Add (HUF Billion, average prices of 2015)
Figure 37: Hungary, Institutional Construction Output by Project Type (Real, $ Million), 2019–28
Figure 38: Hungary, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 39: Hungary, Volume Indices of the National Economy's Investments for Education (Corresponding Period of the Previous Year=100), % Change YoY
Figure 40: 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 41: Hungary, Health Value Add (HUF million, average prices of 2015)
Figure 42: Hungary, Education Value Add (HUF million, average prices of 2015)
Figure 43: Hungary, Residential Construction Output by Project Type (Real, $ Million), 2019–28
Figure 44: Hungary, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 45: Hungary, Real Value Add (HUF million, average prices of 2015)
Figure 46: Hungary, Volume Indices of the National Economy's Investments for real estate activities (Corresponding Period of the Previous Year=100)
Figure 47: Hungary, Construction Permits Issued for Residential Buildings (In Number)
Figure 48: Hungary, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 49: Hungary, Headquarters of Key Consultants (% of Total Project Pipeline)

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