Russia Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026
Summary
GlobalData has revised the growth forecast for Russia’s construction industry upwards in 2022, with the industry now expected to grow by 3.5% in real terms this year, from the earlier estimate of 0.6%. This upward revision is attributed to the progress in the public and private sector investments in construction works. According to Rosstat, the construction industry’s value-add grew by 6.6% YoY in the third quarter of 2022; this was preceded by a Y-o-Y increase of 3.4% in Q2 and 4.7% in Q1 2022. Moreover, the country’s total investment in fixed capital grew by 18.4% YoY in Q3 2022, preceded by Y-o-Y expansions of 21.2% in Q2 and 25.8% in Q1 2022.
Over the longer term, GlobalData expects the Russian construction industry to register an annual average growth of 3.8% from 2025 to 2026, supported by government investment in infrastructure, residential, and renewable energy projects. However, in the case of a protracted conflict, it is unlikely that residential and renewable energy projects will continue as private funding will dry up and public investment will be geared towards strategic industries and infrastructure. The government intends to invest heavily in improving and expanding road infrastructure, which is likely to go ahead under most war scenarios to help facilitate the movement of strategic resources. In June 2022, the government approved a road construction plan, which involves an investment of RUB13.2 trillion ($155.3 billion) in the construction, reconstruction, and repair of roads across the country, from 2023 to 2027.
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 (2017-2021) and forecast (2022-2026) 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.
- 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 COVID-19 Status
- 3.5 Risk Profile
- 3.6 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
- 7.4 GlobalData Construction
- 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), 2017-26
- Table 4: Russia, Top Commercial Construction Projects by Value
- Table 5: Russia, Industrial Construction Output by Project Type (Real % Change), 2017-26
- Table 6: Russia, Top Industrial Construction Projects by Value
- Table 7: Russia, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
- Table 8: Russia, Top Infrastructure Construction Projects by Value
- Table 9: Russia, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
- Table 10: Russia, Top Energy and Utilities Construction Projects by Value
- Table 11: Russia, Institutional Construction Output by Project Type (Real % Change), 2017-26
- Table 12: Russia, Top Institutional Construction Projects by Value
- Table 13: Russia, Residential Construction Output by Project Type (Real % Change), 2017-26
- 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), 2020-26
- Figure 2: Russia, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
- Figure 3: Russia, COVID-19 Confirmed Cases
- Figure 4: Russia, Risk Summary
- Figure 5: Russia, Risk Regional Comparison
- Figure 6: Russia, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26
- Figure 7: Russia, Construction Output Value, by Sector (Real, $ Million), 2017-26
- Figure 8: Russia, Construction Value Add (RUB Billion, 2016 Constant Prices)
- Figure 9:Russia, Construction Activity Volume Index
- Figure 10:Russia, Investments in Fixed Capital (RUB Billion)
- Figure 11:Russia, Number of Unemployed Registered at Bodies of State Employment Services
- Figure 12: Russia, Construction Projects Momentum Index
- Figure 13: Region, Construction Projects Momentum Index
- Figure 14: Russia, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 15: Russia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 16:Russia, Hotels and Food Services Value Add (RUB Billion, 2016 Constant Prices)
- Figure 17: Russia, Wholesale and Retail Trade Value Add (RUB Billion, 2016 Constant Prices)
- Figure 18: Russia, Retail Trade Turnover (RUB Billion)
- Figure 19: Russia, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 20: Russia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 21: Russia, Manufacturing Value Add (RUB Billion, 2016 Constant Prices)
- Figure 22: Russia, Industrial and Manufacturing Production Index (% Change, YoY)
- Figure 23: Russia, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 24: Russia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 25: Russia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 26: Russia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 27: Russia, Oil and Gas revenue (RUB Billion)
- Figure 28: Russia, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 29: Russia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 30: Russia, Education Value Add (RUB Billion, 2016 Constant Prices)
- Figure 31: Russia, Health and Social Service Activities Value Add (RUB Billion, 2016 Constant Prices)
- Figure 32: Russia, Residential Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 33: Russia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 34: Russia, Real Estate Value Add (RUB Billion, 2016 Constant Prices)
- Figure 35: Russia, Residential Buildings Commissioned by Organizations (Million m2)
- Figure 36: Russia, Volume of Extended Mortgage Loans (RUB, Billion)
- Figure 37: Russia, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 38: Russia, Headquarters of Key Consultants (% of Total Project Pipeline)
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