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Market Research Report

Construction in Hungary - Key Trends and Opportunities to 2024

Published by GlobalData Product code 661498
Published Content info 44 Pages
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Construction in Hungary - Key Trends and Opportunities to 2024
Published: November 18, 2020 Content info: 44 Pages
Description

Prior to the Coronavirus (COVID-19) outbreak, the Hungarian construction industry expanded by 21.4% in real terms in 2019. However, with disruptions caused by the COVID-19 pandemic following strict lockdown measures, coupled with weak economic conditions, the industry has been severely impacted in 2020.

The Hungarian Central Statistical Office reported that the construction industry's value-add declined by 7.2% in the first six months of 2020 (the latest data available at the time of writing) compared to same period of 2019; this was preceded by annual growth of 15.1% and 13.0% in 2018 and 2019, respectively. In the coming quarters, the construction industry's output is expected to recover, driven by the government's focus on the development of the country's transport and energy infrastructure.

Reflecting the disruptions caused by the pandemic, coupled with the weak outlook for economic growth, GlobalData forecasts the construction industry to contract by 4.4% in 2020, followed by an average annual growth rate of 4.3% during the period of 2021-2024. This growth will be supported by the government's focus on developing the country's road infrastructure under the Hungarian village program. The government also aims to invest in renewable energy with plans to generate 100% of the total energy from renewable energy sources by 2030 will drive industry growth.

GlobalData's Construction in Hungary - Key Trends and Opportunities to 2024 report provides detailed market analysis, information, and insights into the Hungarian construction industry, including -

  • The Hungarian 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 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.

Scope

This report provides a comprehensive analysis of the construction industry in Hungary. It provides -

  • Historical (2015-2019) and forecast (2020-2024) 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

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
Product Code: GDCN0577MR

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

4 Construction Outlook

  • 4.1 All Construction
  • 4.2 Commercial Construction
  • 4.3 Industrial Construction
  • 4.4 Infrastructure Construction
  • 4.5 Energy and Utilities Construction
  • 4.6 Institutional Construction
  • 4.7 Residential Construction

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 GlobalData Construction

List of Tables

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), 2015-2024
  • Table 4: Hungary, Top Commercial Construction Projects by Value
  • Table 5: Hungary, Industrial Construction Output by Project Type (Real % Change), 2015-2024
  • Table 6: Hungary, Top Industrial Construction Projects by Value
  • Table 7: Hungary, Infrastructure Construction Output by Project Type (Real % Change), 2015-2024
  • Table 8: Hungary, Top Infrastructure Construction Projects by Value
  • Table 9: Hungary, Energy and Utilities Construction Output by Project Type (Real % Change), 2015-2024
  • Table 10: Hungary, Top Energy and Utilities Construction Projects by Value
  • Table 11: Hungary, Institutional Construction Output by Project Type (Real % Change), 2015-2024
  • Table 12: Hungary, Top Institutional Construction Projects by Value
  • Table 13: Hungary, Residential Construction Output by Project Type (Real % Change), 2015-2024
  • Table 14: Hungary, Key Contractors
  • Table 15: Hungary, Key Consultants
  • Table 16: Hungary, Construction Output Value (Real, US$ Million)
  • Table 17: Hungary, Construction Output Value (Nominal, HUF Billion)
  • Table 18: GlobalData Construction Market Definitions

List of Figures

List of Figures

  • Figure 1: Eastern Europe, Construction Output (Real % Change), 2020
  • Figure 2: Hungary, Construction Projects Pipeline by Sector (US$ Billion)
  • Figure 3: Hungary, COVID-19 Confirmed Cases
  • Figure 4: Hungary, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2015-2024
  • Figure 5: Hungary, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
  • Figure 6: Hungary, Construction Value-Add (HUF Million, Average Prices of 2015)
  • Figure 7: Hungary, Total Construction Permits Issued (In Number)
  • Figure 8: Hungary, Total Construction GFCF (HUF Million, Chain Linked Volumes 2015)
  • Figure 8: Hungary, Construction Projects Momentum Index
  • Figure 9: Hungary, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 10: Hungary, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 11: Hungary, Retail Sales (HUF Million)
  • Figure 12: Hungary, Total Overnight Stays (In Thousands)
  • Figure 13: Hungary, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 14: Hungary, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 15: Hungary, Industrial Production and Sales (HUF Billion, Current Prices)
  • Figure 16: Hungary, Manufacturing Value-Add (HUF Million, 2015 Constant Prices)
  • Figure 17: Hungary, Total Exports (HUF Billion, Nominal Prices)
  • Figure 18: Hungary, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 19: Hungary, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 20: Hungary, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 21: Hungary, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 22: Hungary, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 23: Hungary, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 24: Hungary, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 25: Hungary, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 26: Hungary, Dwelling Units Built (In Number)
  • Figure 27: Hungary, Residential Permits (In Number)
  • Figure 28: Hungary, Headquarters of Key Contractors (% of Total Project Pipeline)
  • Figure 29: Hungary, Headquarters of Key Consultants (% of Total Project Pipeline)
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