Hungary Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Hungary Construction Market Report Overview
The Hungary construction market size was $19.2 billion in 2023. The market will achieve an AAGR of more than 5% during 2025-2028. Improvement in investments in transport, energy production projects, and residential and commercial construction projects will drive the market growth during the forecast period.
Hungary Construction Market Outlook, 2023-2028 ($ Billion)
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The Hungary construction market research report gives 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 the Hungarian construction market growth in the coming years.
Market Size (2023) | $19.2 billion |
AAGR (2025-2028) | >5% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · State Atomic Energy Corporation Rosatom
· V HID Epito Zartkoeruen Mukoedo Reszvenytarsasag · Market Epito Zrt · China Railway Engineering Group Company Ltd · Yapi Merkezi Holding Inc |
Key Consultants | · State Atomic Energy Corporation Rosatom
· Kontur Group Ltd · TRENECON Consulting and Planning Ltd · Szabadics Kozmu es Melyepito Zrt · Uvaterv Engineering Consultants Limited |
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Hungary Construction Market Segmentation by Sectors
The infrastructure construction sector accounted for the highest market share in the Hungary construction market in 2023
The key sectors in the Hungary construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. A gradual rebound in tourism activities, coupled with an investment in hotel, office, and retail projects will drive the commercial sector’s growth during 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 manufacturing and automobile industry, coupled with the government’s focus on supporting small and medium enterprises, will drive the sector’s growth during the forecast period.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Public and private sector investments in road and rail projects will support the infrastructure sector’s output during the forecast period. Such investments will help improve regional connectivity through the development of transport infrastructure.
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 and sewage infrastructure projects will drive the sector growth during 2025-2028.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Investments in health and education projects will fuel the growth of the institutional construction sector during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. Public and private investments in the housing sector will support the residential sector output over the forecast period.
Hungary Construction Market Analysis by Sectors, 2023 (%)
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Hungary Construction Market - Competitive Landscape
State Atomic Energy Corporation Rosatom emerged as the leading contractor and consultant in the Hungary construction market in 2023
A few of the leading contractors in the Hungary construction market are:
- State Atomic Energy Corporation Rosatom
- V HID Epito Zartkoeruen Mukoedo Reszvenytarsasag
- Market Epito Zrt
- China Railway Engineering Group Company Ltd
- Yapi Merkezi Holding Inc
Foreign contractors account for most of the project pipeline in the Hungarian construction market.
Hungary Construction Market Analysis by Contractors, 2023 (%)
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A few of the leading consultants in the Hungary construction market are:
- State Atomic Energy Corporation Rosatom
- Kontur Group Ltd
- TRENECON Consulting and Planning Ltd
- Szabadics Kozmu es Melyepito Zrt
- Uvaterv Engineering Consultants Limited
Consultants with a headquarters within Hungary are involved in most of the project pipeline by value.
Hungary Construction Market Analysis by Consultants, 2023 (%)
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Hungary Construction Market - Latest Developments
- The largest commercial project currently in the pipeline is the Arena Business Campus, which is in the execution stage. The project involves the construction of conference rooms, meeting rooms, fitness centers, a cafeteria, and other related facilities.
- Among the largest industrial projects currently in the pipeline is the Debrecen Electric Vehicle Battery Plant. The project involves the construction of a battery plant, production units, processing units, packaging units, a warehouse, and other related facilities.
Segments Covered in the Report
Hungary Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- 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 Hungary.
- Historical and forecast valuations of the construction industry in Hungary, 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
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Figures
Frequently asked questions
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What was the construction market size in Hungary in 2023?
The construction market size in Hungary was $19.2 billion in 2023.
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What will the Hungary construction market growth rate be during the forecast period?
The construction market in Hungary is projected to achieve an AAGR of more than 5% during 2025-2028.
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Which sector accounted for the highest share of the Hungary construction market in 2023?
The infrastructure construction sector accounted for the highest market share in the Hungarian construction market in 2023.
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Which are the leading contractors in the Hungarian construction market?
A few of the leading contractors in the Hungarian construction market are State Atomic Energy Corporation Rosatom, V HID Epito Zartkoeruen Mukoedo Reszvenytarsasag, Market Epito Zrt, China Railway Engineering Group Company Ltd, and Yapi Merkezi Holding Inc, among others.
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Which are the leading consultants in the Hungarian construction market?
A few of the leading consultants in the Hungarian construction market are State Atomic Energy Corporation Rosatom, Kontur Group Ltd, TRENECON Consulting and Planning Ltd, Szabadics Kozmu es Melyepito Zrt, and Uvaterv Engineering Consultants Limited, among others.
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