Hungary Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (H1 2026)

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Published: May 29, 2026 Report Code: GDCN1847MR-ST

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GlobalData estimates the Hungarian construction industry to grow in real terms by 3.6% in 2026, supported by an increase in construction activity, coupled with the government’s allocation under the latest 2026 Budget. Hungary’s parliament approved the 2026 State Budget in June 2025, with steep tax cuts for families and wage hikes. In the 2026 Budget, HUF5.1 trillion ($14.3 billion) has been allocated for economic development, which is expected to boost purchasing power, affordable housing, and small business growth through the Demján Sándor Program. The Hungarian renewable energy market is, however, facing a challenging situation as solar panels and battery storage systems are expected to become significantly more expensive as China eliminated VAT export rebates on solar panels, which is expected to increase project costs in the country.

GlobalData expects the construction industry in Hungary to register an annual average growth of 5% between 2027 and 2030, supported by public and private sector investments in transport, renewable energy, and housing infrastructure projects. In February 2026, the Tisza party, a Hungarian political party, announced plans to expand the utility price-cut scheme; provide affordable clean energy for households and businesses; and renovate 100,000 homes annually by 2040. To achieve this, it plans to announce measures such as reducing VAT on firewood and introducing energy-efficiency subsidies. Proposals announced as part of the housing sector include a plan to launch social and market-based rental housing, launch a housing cooperative initiative, and construct 10,000 new rental units. The party also revealed plans to review the 35-year road concession contract, awarded to a consortium led by the Hungarian businessman Lorinc Meszaros. The infrastructure program also includes a major upgrade to the railway sector. The party further aims to review the Paks 2 nuclear power plant project, and double the share of renewables by 2040, with energy storage capacity expanding. Overall, the program will significantly boost the construction activity, particularly in housing and green infrastructure, creating strong growth opportunities and driving expansion across the country.

GlobalData’s Construction in Hungary – Key Trends and Opportunities to 2030 (H1 2026) report provides detailed market analysis, information, and insights into the Hungarian construction industry, including:_x000D_
• The Hungarian construction industry's growth prospects by market, project type and construction activity_x000D_
• 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_x000D_
• 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 (2021–2025) and forecast (2026–2030) 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 our standardized valuation and forecasting methodologies_x000D_

Assess market growth potential at a micro-level with over 600 time-series data forecasts_x000D_

Understand the latest industry and market trends_x000D_

Formulate and validate business strategies using GlobalData's critical and actionable insight_x000D_

Assess business risks, including cost, regulatory and competitive pressures_x000D_

Evaluate competitive risk and success factors

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 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

About GlobalData

Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: Hungary, Key Economic Indicators

Table 3: Hungary, Commercial Construction Output by Project Type (Real % Change), 2021–30

Table 4: Hungary, Top Commercial Construction Projects by Value

Table 5: Hungary, Industrial Construction Output by Project Type (Real % Change), 2021–30

Table 6: Hungary, Top Industrial Construction Projects by Value

Table 7: Hungary, Infrastructure Construction Output by Project Type (Real % Change), 2021–30

Table 8: Hungary, Top Infrastructure Construction Projects by Value

Table 9: Hungary, Energy and Utilities Construction Output by Project Type (Real % Change), 2021–30

Table 10: Hungary, Top Energy and Utilities Construction Projects by Value

Table 11: Hungary, Institutional Construction Output by Project Type (Real % Change), 2021–30

Table 12: Hungary, Top Institutional Construction Projects by Value

Table 13: Hungary, Residential Construction Output by Project Type (Real % Change), 2021–30

Table 14: Hungary, Top Residential Construction Projects by Value

Table 15: Hungary, Key Contractors

Table 16: Hungary, Key Consultants

Table 17: Hungary Construction Output Value (Real, $ Million)

Table 18: Hungary Construction Output Value (Nominal, HUF Billion)

Table 19: GlobalData Construction Market Definitions

Table 20: GlobalData Construction Market Definitions

Table 21: Ratings, Scores and Definitions

Figures

Figure 1: Eastern Europe, Construction Output (Real % Change), 2024–30

Figure 2: Hungary, Construction Output by Sector (Real % Change), 2024–26 and 2027–30

Figure 3: Hungary, Risk Summary

Figure 4: Hungary, Risk Regional Comparison

Figure 5: Hungary, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021–30

Figure 6: Hungary, Construction Output Value, by Sector (Real, $ Million), 2021–30

Figure 7: Hungary, Construction Value-add (HUF Million, average prices of 2021)

Figure 8: Hungary, Gross Fixed Capital Formation in Construction (HUF Million, Chain Linked Volumes 2020)

Figure 9: Hungary, Volume Indices of the National Economy's Investments for Construction activities (Corresponding Period of the Previous Year=100)

Figure 10: Hungary, Employment in Construction (In Thousand)

Figure 11: Hungary, Construction Building Permits (In Numbers)

Figure 12: Hungary, Construction Projects Momentum Index

Figure 13: Hungary, Construction Projects Momentum Index

Figure 14: Hungary, Commercial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 15: Hungary, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 16: Hungary, Wholesale and Retail Trade Value-add (HUF Billion, average prices of 2021)

Figure 17: Hungary, Accommodation and Food Services Value-add (HUF Million, average prices of 2021)

Figure 18: Hungary, Total number of inbound trips to Hungary (In thousands) and total expenditures of inbound visitors to Hungary (HUF Million), % Change, YoY

Figure 19: Hungary, Commercial Building Permits (In Numbers)

Figure 20: Hungary, Agricultural Building Permits (In Numbers)

Figure 21: Hungary, Industrial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 22: Hungary, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 23: Hungary, Volume Indices of the National Economy's Investments for Manufacturing activities (Corresponding Period of the Previous Year=100)

Figure 24: Hungary, Manufacturing Value-add (HUF Billion, average prices of 2021)

Figure 25: Hungary, Total New Orders of Selected Branches of Manufacturing (at Constant Prices, Corresponding Period of Previous Year = 100), % Change YoY

Figure 26: Hungary, Industrial Building Permits (In Numbers)

Figure 27: Hungary, Infrastructure Construction Output by Project Type (Real, $ Million), 2021–30

Figure 28: Hungary, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 29: Hungary, Volume Indices of the National Economy's Investments for Transportation and storage activities (Corresponding Period of the Previous Year=100)

Figure 30: Hungary, Transport and Storage Value-add (HUF Million, average prices of 2021)

Figure 31: Hungary, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021–30

Figure 32: Hungary, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 33: Hungary, Volume Indices of the National Economy's Investments for Electricity, gas, steam and air conditioning supply (Corresponding Period of the Previous Year=100), % Change YoY

Figure 34: Hungary, Volume Indices of the National Economy's Investments for Water supply; sewerage, waste management and remediation activities (Corresponding Period of the Previous Year=100), % Change YoY

Figure 35: Hungary, Information and Communication Services Value-add (HUF Billion, average prices of 2021)

Figure 36: Hungary, Institutional Construction Output by Project Type (Real, $ Million), 2021–30

Figure 37: Hungary, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 38: Hungary, Volume Indices of the National Economy's Investments for Education (Corresponding Period of the Previous Year=100), % Change YoY

Figure 39: Hungary, Volume Indices of the National Economy's Investments for Human Health and Social Work Activities (Corresponding Period of the Previous Year=100), % Change YoY

Figure 40: Hungary, Health Value-add (HUF million, average prices of 2021)

Figure 41: Hungary, Education Value-add (HUF million, average prices of 2021)

Figure 42: Hungary, Residential Construction Output by Project Type (Real, $ Million), 2021–30

Figure 43: Hungary, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 44: Hungary, Real Value-add (HUF million, average prices of 2021)

Figure 45: Hungary, Volume Indices of the National Economy's Investments for real estate activities (Corresponding Period of the Previous Year=100)

Figure 46: Hungary, Construction Permits Issued for Residential Buildings (In Number)

Figure 47: Hungary, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 48: Hungary, Headquarters of Key Consultants (% of Total Project Pipeline)

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