Hungary Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)
Summary
GlobalData’s Construction in Hungary - Key Trends and Opportunities to 2028 (H2 2024) report provides detailed market analysis, information, and insights into the Hungarian construction industry, including -
- The Hungarian construction industry 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 Hungarian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
GlobalData expects the construction industry in Hungary to record an annual average growth rate of 5.3% between 2025 and 2028, supported by investments in transportation, and energy storage projects. Among the recent developments, in May 2024, the government of Hungary signed a memorandum of understanding (MoU) with the Chinese state-owned regulatory agency China Atomic Energy Authority (CAEA) for the development of a nuclear energy project. The MoU is a part of 18 agreements signed between two countries, aimed at deepening cooperation in nuclear energy and other emerging fields like clean energy. In July 2024, the European Commission (EC) announced its plan to invest HUF100 billion ($284.1 million) to support three Hungarian energy programs.
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
- 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
- About GlobalData
- 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, 2022 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, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
- 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 2015)
- Figure 31: Hungary, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
- 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 2015)
- Figure 36: Hungary, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
- 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 2015)
- Figure 41: Hungary, Education Value Add (HUF million, average prices of 2015)
- Figure 42: Hungary, Residential Construction Output by Project Type (Real, $ Million), 2019-28
- Figure 43: Hungary, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 44: Hungary, Real Value Add (HUF million, average prices of 2015)
- 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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