Bulgaria Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Bulgaria Construction Market Report Overview
The Bulgaria construction market size was $13.5 billion in 2023. The market is projected to achieve an AAGR of more than 4% during 2025-2028. The growth is attributed to the increase in investment in transport and renewable energy projects.
Bulgaria Construction Market Outlook, 2023-2028 ($ Billion)
Buy the Full Report to Know More about the Bulgaria Construction Market Forecast
The Bulgaria construction market research report offers a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence Bulgaria’s construction market growth in the coming years.
Market Size (2023) | $13.5 billion |
AAGR (2025-2028) | >4% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2023 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · GP Group
· Trace Group Hold PLC · Stanilov Ltd · Metro Sifer · Glavbolgarstroy Holdings AD |
Key Consultants | · OSKAR-EL Ltd
· MIC consortium · ADT – Omega Consulting Engineers · Emg Consult Eood · Sweco AB |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
Bulgaria Construction Market Segmentation by Sectors
Infrastructure construction accounted for the highest share of the Bulgaria construction market in 2023
The key sectors in the Bulgaria construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2023, the infrastructure construction sector was followed by residential construction.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The government’s investments to develop rail and road infrastructure during the forecast period will support the sector’s growth.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The residential construction industry will recover over the forecast period owing to the investment to develop the residential housing sector.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The government’s focus on the development of energy infrastructure, particularly renewable energy will drive the sector growth between 2025 and 2028.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The increase in investments in retail buildings and logistics centers will drive the commercial sector’s growth over the forecast period.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. Investments in the industrial and manufacturing sectors, as well as improvement in export activities and the wider economy, will drive the sector’s growth during the forecast period.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Factors such as public and private sector investment to develop the education and healthcare sectors will fuel the growth of this sector in the coming years.
Bulgaria Construction Market Analysis by Sectors, 2023 (%)
Buy the Full Report for more Sector Insights into the Bulgaria Construction Market
Bulgaria Construction Market - Competitive Landscape
GP Group emerged as the leading contractor and OSKAR-EL Ltd as the leading consultant in the Bulgaria construction market in 2023
A few of the leading contractors in the Bulgaria construction market are:
- GP Group
- Trace Group Hold PLC
- Stanilov Ltd
- Metro Sifer
- Glavbolgarstroy Holdings AD
Domestic contractors account for most of the project pipeline in the Bulgaria construction market. Firms based in the Turkiye and Russia dominate the market.
Bulgaria Construction Market Analysis by Contractors, 2023 (%)
Buy the Full Report to Know More about the Contractors in the Bulgaria Construction Market
A few of the leading consultants in the Bulgaria construction market are:
- OSKAR-EL Ltd
- MIC consortium
- ADT – Omega Consulting Engineers
- Emg Consult Eood
- Sweco AB
Foreign consultants account for a majority share of the project pipeline for which a contract has been awarded.
Bulgaria Construction Market Analysis by Consultants, 2023 (%)
Buy the Full Report to Know More about Consultants in the Bulgaria Construction Market
Bulgaria Construction Market - Latest Developments
- According to the Electricity System Operator (ESO) of Bulgaria, the country plans to add more than 5GW of power capacity by 2031, of which more than 4GW will be through renewable sources.
- In December 2023, the European Union (EU), under the Just Transition Fund (JTF), announced funding to support climate transition in the country. Under this plan, the country aims to support energy efficiency measures in residential buildings, construct renewable energy source capacities, and develop industrial areas.
Segments Covered in the Report
Bulgaria Construction Sectors Outlook (Value, $ Billion, 2018-2028)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in Bulgaria.
- Historical and forecast valuations of the construction industry in Bulgaria, featuring details of key growth drivers.
- Segmentation by sector 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
Figures
Frequently asked questions
-
What was the Bulgaria construction market size in 2023?
The construction market size in Bulgaria was $13.5 billion in 2023.
-
What will the Bulgaria construction market growth rate be during the forecast period?
The construction market in Bulgaria is projected to achieve an AAGR of more than 4% during 2025-2028.
-
Which was the leading sector in the Bulgaria construction market in 2023?
Infrastructure construction accounted for the highest share of the Bulgaria construction market in 2023.
-
Which are the leading contractors in the Bulgaria construction market?
The leading contractors in the Bulgaria construction market are GP Group, Trace Group Hold PLC, Stanilov Ltd, Metro Sifer, and Glavbolgarstroy Holdings AD among others.
-
Which are the leading consultants in the Bulgaria construction market?
The leading consultants in the Bulgaria construction market are OSKAR-EL Ltd, MIC consortium, ADT – Omega Consulting Engineers, Emg Consult Eood, and Sweco AB among others.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.