The report updates readers on recent industry activity, while providing a
comprehensive view of the overall Russian construction market, including its
infrastructure, residential and non residential segments.
The report highlights regions within this huge market that present the
greatest likelihood for growth, and describes current trends affecting the
market and how they will influence development over the coming years.
Comprehensive coverage includes:
Analysis of the construction market as a whole, interpretation of trends
in salaries, volume of employment, prices, details on the number and financial
standing of construction companies active in the Russian market
In-depth analysis of factors that will influence the future of the Russian
construction market: macroeconomic trends, foreign investment levels,
investments by domestic companies, cement production, new government
programmes, and more
Analysis of the civil engineering market and its individual segments,
including growth potential forecasts until 2014
Analysis of the non-residential construction market and its individual
segments, including data on upcoming projects and growth estimates until 2014
Analysis of the residential construction market, including number of flats
to be completed and additional forecasts until 2014
Detailed overview of the largest players on the Russian construction
market, along with their latest financial figures, newest projects and
contracts, and strategic plans for success.
Construction sector in Russia H1 2012-2014, answers these questions and more:
What are the current and projected values of the Russian construction
market and its individual segments?
What is the total area of apartments to be placed in use between 2012 and
2014?
Which regions will witness the largest increases in the number of new
construction projects in the coming years?
What road construction projects are planned for the period until 2014 and
beyond?
Which are the largest construction companies in Russia, how successful are
they financially, and what new contracts are on their agendas?
How have the prices of construction materials changed recently? What are
the future expectations?
Has the number of construction companies operating on the Russian market
changed recently, and what does the competitive landscape look like?
What key legal changes affecting the construction market have been
introduced over the last few months? How will they change the way contractors
conduct business?
What are the most important indicators and current trends in the
sub-segments of non-residential construction? How will they evolve in the next
two years?
Appreciate the convenience of these unique features:
Difficult to locate data on the main segments of the Russian construction
market: residential construction, non-residential construction and
infrastructure
" Current trends and their forecasted influence on Russian
construction market as a whole and for its individual segments
Detailed profiles of the largest market players, including the
latest information on their financial results and contracts won within the
last few months
" Forecasts for the value of construction and assembly production
until 2014, categorized by residential, non-residential and civil engineering
construction
origin
Forecasts for the number of completed apartments until 2014.
This report provides essential information for professionals when:
Starting new operations on the Russian construction market
Expanding operations into a new segment of the construction market
Effecting mergers and acquisitions in the Russian construction marketplace
Developing a successful corporate strategy
Analysing investment opportunities on the construction market in Russia
Monitoring the competition on the construction market
Estimating corporate share in the construction market
Compiling accurate forecasts regarding demand for construction materials
Preparing in-house analyses for corporate management or shareholders.
This report meets the business information and intelligence requirements of:
Manufacturers and distributors of construction materials and equipment
interested in this market
Contractors currently operating in Russia
Foreign construction companies considering investments in Russia
Consulting, research and analysis firms serving clients in this market
Government institutions, embassies, universities and research institutes.
Chambers of commerce, trade and industry organizations.
There was an increase of 12.6% in the total value of construction
contracts signed in Russia last year.
Three-quarters of all federal subjects witnessed growth in construction
activity last year in comparison with slightly more than half in 2010, a
marked improvement.
Market commentary by expert
Last year, the Russian construction industry finally resumed growth. In
2009, the industry experienced a 13% decline, which was followed by another
slight decrease in 2010. The 5% increase experienced in 2011 in the value of
completed construction work was driven mostly by infrastructure development
and housing construction. Civil engineering, especially road construction, has
been increasing due to the preparations for large-scale events such as the
Olympics in Sochi and APEC Summit in Vladivostok, whereas residential
development has seen a long-awaited recovery thanks to substantial housing
subsidies granted by the government and a rapid expansion of the mortgage
market.
Robert Obetkon, Senior Construction Analyst
Table of Contents
Table of Contents
Report methodology
Executive summary
Macroeconomic overview
Gross domestic product
Gross value added in construction
Gross fixed capital investment
Foreign direct investment
Fiscal policy
Inflation
Labour market and private consumption
Russian economic outlook
Construction overview
Construction market value
Construction companies
Employment and wages
Construction costs
Business confidence in construction
Building materials industry overview
Legal changes relevant to the construction market
Forecast
Civil engineering
Introduction
Roads
Railways
Airports
Ports and internal waterways
Environmental protection-related projects
Investments in heavy industry
Stadiums
Forecast
Non-residential construction
Situation in the non-residential construction market
Office construction
Shopping centre construction
Logistics centre construction
Hotel construction
Forecast
Residential construction
Housing stock
Dwelling completions
Residential construction in the regions
Individual residential construction
Residential construction development programme
Housing prices
Mortgage market
Forecast
Competitive environment
Market competition
Financial standing
Latest mergers and acquisitions
Key producers of building materials
List of graphs
List of tables
About PMR
Contact PMR
List of graphs
Real change of GDP in Russia (%), 2006-2014
Construction output in Russia (RUB bn and real y-o-y change), 2006-2011
Construction output in Russia (RUB bn and real y-o-y change), 2006-2014
Civil engineering construction output in Russia (RUB bn and y-o-y
changes), 2007-2014
Non-residential construction output in Russia (RUB bn and y-o-y changes),
2007-2014
Total number of homes built in Russia ('000 units and y-o-y change),
2006-2011
Residential construction output in Russia (RUB bn and y-o-y changes),
2007-2014
Real change of GDP in Russia (%), 2006-2014
Share of GVA in construction in total GVA for all industries and in GDP in
Russia, 2005-2011
Gross fixed capital formation in Russia (%, y-o-y), 2006-2014
Foreign direct investment in Russia ($ bn), 2006-2011
General government debt and budget balance in Russia (% of GDP), 2006-2011
Consumer price index in Russia (%, average), 2006-2011
Change in average real monthly gross wages, household consumption and
unemployment rate in Russia (%), 2006-2011
Construction output in Russia (RUB bn and real y-o-y change), 2006-2011
Value of construction work contracts signed and other construction orders
in Russia (RUB bn), 2008-2012
Construction output in Russia, by leading regions, 2011
Number of people employed in the construction industry in Russia ('000),
2006-2011
Average gross monthly wage in the construction industry in Russia (RUB and
y-o-y nominal change), 2006-2011
Producer price indices in construction in Russia (%, y-o-y), 2006-2012
Business confidence index in the construction industry in Russia and EU
countries (%), 2001-2012
Average capacity use rate in the Russian construction industry (%),
2006-2012
Main obstacles to doing business for Russian construction companies (%
share of companies as proportion of total number), Q3 2010-Q1 2012
Production and consumption of cement in Russia (million tonnes and y-o-y
change), 2006-2012
Change in production of basic building materials in Russia (%, y-o-y),
2007-2011
Construction market breakdown in Russia (%), 2007-2014
Construction output in Russia (RUB bn and real y-o-y change), 2007-2014
Completion of hard-surfaced roads in Russia (km), 2000-2011
Bridge completion in Russia (metres), 2000-2011
Roads operated by Avtodor, April 2012
Construction and modernisation of roads operated by Avtodor (km), 2011-2019
Planned network of roads operated by Avtodor in 2030
Railway construction in Russia (km), 2000-2011
Railway infrastructure, planned development in Russia, 2010-2030
Paved airport runways completed in Russia ('000 m2), 2000-2011
Fixed-capital investment in environmental protection and sustainable use
of natural resources in Russia (RUB bn), 2000-2011
Completion of environmental protection facilities in Russia, 2000-2011
Capacity to be put into operation in accordance with capacity delivery
agreements in Russia (MW), 2010-2017
Location of stadiums for the 2018 FIFA World Cup in Russia
Civil engineering construction output in Russia (RUB bn and y-o-y
changes), 2007-2014
Shopping centre stock distribution in Russia, by space, 2011
Shopping centre stock distribution in Russia, by space, 2013
Average warehouse construction costs in the Moscow area ($/m2, incl. VAT),
2007-2011
Non-residential construction output in Russia (RUB bn and y-o-y changes),
2007-2014
Total housing stock in Russia (million m2, year-end), 2005-2011
Old and dilapidated housing in Russia (million m2), 1996-2011
Total number of homes built in Russia ('000 units and y-o-y change),
2006-2011
Total floor space of residential space completed in Russia (million m2 and
y-o-y change), 2006-2011
Average size of dwellings built in Russia (m2), 2000 and 2005-2011
Construction of residential floor space in Russia, by leading regions, 2011
Individual construction of housing space as a proportion of total housing
space completed in Russia (%), 2006-2011
Total number of detached houses built by individuals in Russia ('000 units
and y-o-y change), 2006-2011
Total floor space of detached houses completed by individual builders in
Russia (million m2 and y-o-y change), 2006-2011
Planned residential construction levels in Russia in accordance with the
Housing Programme, 2011-2015
Change in average prices of dwellings on the primary and secondary market
in Russia (%, end of period to the end of the preceding year), 2006-2011
Value of mortgages granted in Russia (RUB bn), 2005-2012
Residential construction output in Russia (RUB bn and y-o-y changes),
2007-2014
List of tables
Forecasts for the main economic indicators in Russia for 2010-2014
Construction output in federal subjects of the Russian Federation,
2009-2011
Prices of selected materials procured by contractors in Russia, February
2012
Total length of motor roads in Russia ('000 km, at the end of the year),
1992, 1995, 2000 and 2004-2010
Completion of roads in Russia, by category (km), 2011
Major PPP projects planned by Avtodor, 2011-2019
Major road projects in Russia, 2012-2018
Major railway projects in Russia, 2012-2018
Major airport projects in Russia, 2012-2015
Seaport construction and internal waterway projects in Russia (RUB m),
2012-2015
Major environmental protection projects in Russia, 2012-2017
Major heavy industry projects in Russia, 2012-2018
Planned construction and modernisation of stadiums for the 2018 FIFA World
Cup
Non-residential buildings completed in Russia, 2006-2011
Basic indicators for the Moscow office property market, 2011
Basic indicators for the St. Petersburg office property market, 2011
Planned business centre launches in St. Petersburg in 2012
Major office projects in Russia, 2012-2015
Basic indicators for the Moscow retail property market, 2011
Planned shopping centre launches in Moscow and Moscow Province in 2012
Basic indicators for the St. Petersburg retail property market, 2011
Planned shopping centre launches in St. Petersburg in 2012
Major retail and service projects in Russia, 2012-2018
Basic indicators for the Moscow warehouse property market, 2011
Basic indicators for the St. Petersburg warehouse property market, 2011
Major industrial and warehouse projects in Russia, 2012-2017
Basic indicators for the Moscow market for three-to-five star hotels, 2011
Expected hotel launches in Moscow in 2012
Basic indicators on the St. Petersburg hotel market, 2011
Major hotel projects in Russia, 2012-2018
Total floor space of housing units completed in subjects of the Russian
Federation, 2009-2011
Major residential projects in Russia, 2012-2017
Russian regions with widest gaps between housing prices and housing
construction costs, February 2012
Financial data of the top 20 contractors in Russia (RUB m), 2007-2010
Largest residential property developers in Russia, 2012
Financial results of companies active on the construction and property
markets in Russia, 2011
M&A transactions in Russian construction and property development,
2011-2012
Construction sector in Russia H1, 2012: Development forecasts for 2012-2014 published by PMR in May 30, 2012. This report consists of 141 Pages and the price starts from US $ 2240.
