PUBLISHER: GlobalData | PRODUCT CODE: 1111790
PUBLISHER: GlobalData | PRODUCT CODE: 1111790
Russia Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026
The impact of Western sanctions on Russia, following its invasion of Ukraine, had failed to deter the Russian Government from pursuing conflict with its neighbor. Six months into the war, the sanctions have managed to just marginally wound the economy. According to the Federal State Statistics Service (Rosstat), Russia's GDP fell by 0.4% year on year (YoY) in the first half of this year. However, the deterioration in economic conditions is set to accelerate over the coming quarters, as Russia faces weaker public finances owing to export restrictions and a cooling oil market, as well as labor market disruptions following the partial mobilization decree, which will exacerbate the impact of Western sanctions. Moreover, it is highly likely that the West will intensify sanctions on Russia in the near future, following Russia's signaled commitment to a protracted conflict, and its decision to hold illegitimate referendums in occupied regions of Ukraine. The trend is similar in the construction sector, with activity in the first half of the year largely unaffected by Western sanctions. The industry posted growth of 3.9% YoY in H1 2022. However, given the mounting economic damage that will continue to hit Russia over the coming quarters, construction activity is expected to drop significantly.
Due to the industry's relatively strong performance in the first half of the year, GlobalData expects the industry to expand marginally by 0.6% in real terms in 2022, before contracting by 6% next year, owing to headwinds caused by rising inflation and construction material prices, supply chain disruptions, as well as falling energy exports and public revenue. According to the Ministry of Finance, the country's Budget surplus fell sharply in August 2022, owing to sweeping sanctions and slowing energy exports. The country's public finances are expected to weaken in the coming months, given that Russia has significantly reduced natural gas exports to Europe, its primary market. Owing to diminishing revenues, the government now expects a Budget deficit of 2% of GDP in 2023, before narrowing to 0.7% in 2025. The strained financial position is expected to weigh on public spending on non-critical infrastructure projects in the initial part of the forecast period. In addition to this, the exodus of companies will also weigh on business confidence, thereby holding back private-sector investments in the coming quarters.
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
Scope
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
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.
Table of Contents
Table of Contents
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
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
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
List of Figures
- Figure 1: Eastern Europe, 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 19: 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, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 28: Russia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 29: Russia, Education Value Add (RUB Billion, 2016 Constant Prices)
- Figure 30: Russia, Health and Social Service Activities Value Add (RUB Billion, 2016 Constant Prices)
- Figure 31: Russia, Residential Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 32: Russia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 33: Russia, Real Estate Value Add (RUB Billion, 2016 Constant Prices)
- Figure 34: Russia, Residential Buildings Commissioned by Organizations (Million m2)
- Figure 35: Russia, Volume of Extended Mortgage Loans (RUB, Billion)
- Figure 36: Russia, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 37: Russia, Headquarters of Key Consultants (% of Total Project Pipeline)
