Hungary Construction Market by Type (Renovation and New Construction), and by Sector (Real Estate, Infrastructure, and Industrial)–Opportunity Analysis and Industry Forecast, 2024–2039
The Hungary Construction Market size was valued at USD 13.56 billion in 2023, and is predicted to reach USD 19.73 billion by 2030, at a CAGR of 7.2% from 2024 to 2030.
Hungary's construction sector is experiencing remarkable expansion, driven by amplified government investment in various infrastructure endeavors, with particular emphasis on power energy and highway projects. The European Union (EU) allocated substantial funds to Hungary, encompassing more than 60,000 projects aimed at bolstering crucial sectors such as telecommunications, energy, and highways. This financial backing, a pivotal component of Hungary's National Development Plan spanning from 2014 to 2020, earmarked around USD 33 billion for an array of initiatives. These projects extend across multiple domains including tourism, infrastructure enhancement, healthcare, and environmental conservation, collectively contributing to the nation's socio-economic development and infrastructural advancement.
Nevertheless, the construction sector grapples with significant hurdles stemming from the intricate maze of government regulations and permitting procedures. These processes often entail obtaining numerous approvals from authorities at various levels, spanning local, regional, and national bodies. These regulatory complexities encompass diverse requirements such as zoning regulations, environmental assessments, compliance with building codes, safety standards, and other prerequisites. Permit delays, bureaucratic inefficiencies, and regulatory disparities across different jurisdictions can substantially prolong project timelines and lead to cost escalations. Moreover, fluctuations in regulations or sudden policy changes can disrupt ongoing projects and discourage potential investments. For instance, the United States Environmental Protection Agency (EPA) oversees a myriad of aspects within the construction sector, including air quality, waste management, and water regulations, offering compliance assistance resources for environmental obligations during different construction phases.
Conversely, the construction industry is undergoing a paradigm shift driven by digitalization and the adoption of Building Information Modeling (BIM), ushering in a new era of project management efficiency. By leveraging advanced technologies, such as BIM, stakeholders can create and manage digital representations of structures and infrastructure, facilitating seamless coordination and communication among project teams. For instance, the National Institute of Building Sciences (NIBS) launched the U.S. National Building Information Management (BIM) Program in September 2022, with the aim of modernizing the construction sector and achieving unparalleled levels of industrial efficiency through digitalization. This initiative seeks to address the prevailing lack of digitalization in the U.S. construction industry, that impedes the optimization of work processes to enhance efficiency, cost-effectiveness, resilience, and safety across construction and maintenance activities.
KEY BENEFITS
The Hungary construction industry is segmented based on type, and sector.
Based on type, the market is segmented renovation and new construction.
Based on sector, the market is divided into real estate, infrastructure, and industrial.
Key Market Players
Leading players operating in the Hungary construction industry include:
• China State Construction Engineering Corp. Ltd. (CSCEC)
• China Railway Group Ltd. (CREC)
• China Railway Construction Corp. Ltd. (CRCC)
• China Communications Construction Group Ltd. (CCCC)
• Metallurgical Corporation of China Ltd. (MCC)
• Power Construction Corp. of China
• Vinci SA
• China Energy Engineering Corp. (CEEC)
• Shanghai Construction Group (SCG)
• Bouygues Group
KEY BENEFITS
• The Hungary construction market report provides a quantitative analysis of the current market and estimations through 2024-2030 that assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
• The competitive analysis of the market players along with their market share in the Hungary construction market.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
- 1 Introduction
- 1.1 Report Description
- 1.2 Research Methodology
- 1.2.1 Secondary Research
- 1.2.2 Data Analysis Framework
- 1.2.3 Market Size Estimation
- 1.2.4 Forecasting
- 1.2.5 Primary Research And Data Validation
- 2 Hungary Construction Market By Type
- 2.1 Overview
- 2.2 Renovation Market
- 2.3 New Construction Market
- 3 Hungary Construction Market By Sector
- 3.1 Overview
- 3.2 Real Estate Market
- 3.2.1 Residential
- 3.2.1.1 Affordable
- 3.2.1.2 Luxury
- 3.2.2 Commercial
- 3.2.2 Retail Buildings
- 3.2.2 Office Buildings
- 3.2.2 Hospitality
- 3.2.2 Healthcare Facilities
- 3.2.2 Educational Institutes
- 3.2.2 Entertainment Ventures
- 3.3 Infrastructure Market
- 3.3.1 Transportation
- 3.3.1 Airport
- 3.3.1 Port
- 3.3.1 Rail
- 3.3.1 Road
- 3.3.2 Water And Wastewater
- 3.3.3 Energy
- 3.3.4 Telecommunication
- 3.4 Industrial Market
- 3.4.1 Manufacturing Plant
- 3.4.2 Warehouses
- 3.4.3 Power Plants
- 3.4.4 Oil Refineries
- 3.4.5 Chemical Plants
- 4 Company Profiles
- 4.1 China State Construction Engineering Corp. Ltd. (Cscec)
- 4.1.1 Company Overview
- 4.1.2 Company Snapshot
- 4.1.3 Operating Business Segments
- 4.1.4 Product Portfolio
- 4.1.5 Business Performance
- 4.1.6 Business Segments
- 4.1.7 Geographic Segments
- 4.1.8 Key Strategic Moves And Development
- 4.1.9 Primary Market Competitors
- 4.2 China Railway Group Ltd. (Crec)
- 4.2.1 Company Overview
- 4.2.2 Company Snapshot
- 4.2.3 Operating Business Segments
- 4.2.4 Product Portfolio
- 4.2.5 Business Performance
- 4.2.6 Business Segments
- 4.2.7 Geographic Segments
- 4.2.8 Key Strategic Moves And Development
- 4.2.9 Primary Market Competitors
- 4.3 China Railway Construction Corp. Ltd. (Crcc)
- 4.3.1 Company Overview
- 4.3.2 Company Snapshot
- 4.3.3 Operating Business Segments
- 4.3.4 Product Portfolio
- 4.3.5 Business Performance
- 4.3.6 Business Segments
- 4.3.7 Geographic Segments
- 4.3.8 Key Strategic Moves And Development
- 4.3.9 Primary Market Competitors
- 4.4 China Communications Construction Group Ltd. (Cccc)
- 4.4.1 Company Overview
- 4.4.2 Company Snapshot
- 4.4.3 Operating Business Segments
- 4.4.4 Product Portfolio
- 4.4.5 Business Performance
- 4.4.6 Business Segments
- 4.4.7 Geographic Segments
- 4.4.8 Key Strategic Moves And Development
- 4.4.9 Primary Market Competitors
- 4.5 Metallurgical Corporation Of China Ltd. (Mcc)
- 4.5.1 Company Overview
- 4.5.2 Company Snapshot
- 4.5.3 Operating Business Segments
- 4.5.4 Product Portfolio
- 4.5.5 Business Performance
- 4.5.6 Business Segments
- 4.5.7 Geographic Segments
- 4.5.8 Key Strategic Moves And Development
- 4.5.9 Primary Market Competitors
- 4.6 Power Construction Corp. Of China
- 4.6.1 Company Overview
- 4.6.2 Company Snapshot
- 4.6.3 Operating Business Segments
- 4.6.4 Product Portfolio
- 4.6.5 Business Performance
- 4.6.6 Business Segments
- 4.6.7 Geographic Segments
- 4.6.8 Key Strategic Moves And Development
- 4.6.9 Primary Market Competitors
- 4.7 Vinci Sa
- 4.7.1 Company Overview
- 4.7.2 Company Snapshot
- 4.7.3 Operating Business Segments
- 4.7.4 Product Portfolio
- 4.7.5 Business Performance
- 4.7.6 Business Segments
- 4.7.7 Geographic Segments
- 4.7.8 Key Strategic Moves And Development
- 4.7.9 Primary Market Competitors
- 4.8 China Energy Engineering Corp. (Ceec)
- 4.8.1 Company Overview
- 4.8.2 Company Snapshot
- 4.8.3 Operating Business Segments
- 4.8.4 Product Portfolio
- 4.8.5 Business Performance
- 4.8.6 Business Segments
- 4.8.7 Geographic Segments
- 4.8.8 Key Strategic Moves And Development
- 4.8.9 Primary Market Competitors
- 4.9 Shanghai Construction Group (Scg)
- 4.9.1 Company Overview
- 4.9.2 Company Snapshot
- 4.9.3 Operating Business Segments
- 4.9.4 Product Portfolio
- 4.9.5 Business Performance
- 4.9.6 Business Segments
- 4.9.7 Geographic Segments
- 4.9.8 Key Strategic Moves And Development
- 4.9.9 Primary Market Competitors
- 4.10 Bouygues Group
- 4.10.1 Company Overview
- 4.10.2 Company Snapshot
- 4.10.3 Operating Business Segments
- 4.10.4 Product Portfolio
- 4.10.5 Business Performance
- 4.10.6 Business Segments
- 4.10.7 Geographic Segments
- 4.10.8 Key Strategic Moves And Development
- 4.10.9 Primary Market Competitors
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook