Romania Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Romania Construction Market Report Overview
The Romania construction market size was $58.1 billion in 2022. The market is projected to achieve an AAGR of more than 2% during 2024-2027. The growth of the market is attributed to investments in transport, electricity, and housing infrastructure projects. Investments as part of the National Recovery and Resilience Plan (NRRP) will also aid in the Romanian construction market growth.
Romania Construction Market Outlook, 2022-2027 ($ Billion)
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The Romania 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 Romania construction market growth in the coming years.
Market Size (2022) | $58.1 billion |
AAGR (2024-2027) | >2% |
Forecast Period | 2024-2027 |
Historical Period | 2018-2023 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Webuild SpA
· Tehnostrade SRL · Spedition Umb SRL · Astaris SpA · Control Empresarial de Capitales, S.A. de C.V. |
Key Consultants | · Consitrans
· SKB Kontur group · WorleyParsons Ltd · ICE Germany · SC Tecnic Consulting Engineering Romania SRL |
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Romania Construction Market Segmentation by Sectors
Residential construction was the leading sector in the Romania construction market in 2022
The key sectors in the Romania 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. Investments in hotel and office building projects will drive the commercial sector’s growth during 2025-2027.
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 manufacturing plants, particularly in the auto sector, will drive the sector’s growth during 2025-2027.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Execution of railway and road projects to improve transportation networks will support the sector’s growth during the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. Investments in developing renewable energy infrastructure, in line with the government’s aim to achieve climate neutrality by 2050, will drive the sector growth during 2024-2027.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Investments in health, education, and administration building 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. Increased public and private investment in housing projects will drive the sector growth over the forecast period.
Romania Construction Market Analysis by Sectors, 2022 (%)
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Romania Construction Market - Competitive Landscape
Webuild SpA emerged as the leading contractor and Consitrans as the leading consultant in the Romania construction market in 2022
A few of the leading contractors in the Romania construction market are:
- Webuild SpA
- Tehnostrade SRL
- Spedition Umb SRL
- Astaris SpA
- Control Empresarial de Capitales, S.A. de C.V.
Foreign contractors account for most of the project pipeline in the Romania construction market.
Romania Construction Market Analysis by Contractors, 2022 (%)
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A few of the leading consultants in the Romania construction market are:
- Consitrans
- SKB Kontur group
- WorleyParsons Ltd
- ICE Germany
- SC Tecnic Consulting Engineering Romania SRL
Consultants with headquarters outside Romania are involved in most of the project pipeline by value.
Romania Construction Market Analysis by Consultants, 2022 (%)
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Romania Construction Market - Latest Developments
- In November 2023, local real estate developer One United Properties signed an agreement with the German tech giant Infineon Technologies to develop a turnkey prime office building in Bucharest. The office project will be built in the Barbu Văcărescu – Dimitrie Pompeiu area of Bucharest by the second quarter of 2026.
- In June 2023, local battery manufacturer Avesta Battery and Energy Engineering (ABEE) announced that it would build an electric car battery facility in Galați. The project includes the construction of a facility, over 60 hectares in the Galați Free Trade Zone, with an annual production capacity of 22GWh.
Segments Covered in the Report
Romania Construction Sectors Outlook (Value, $ Billion, 2018-2027)
- 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 Romania.
- Historical and forecast valuations of the construction industry in Romania, 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 Romania construction market size in 2022?
The construction market size in Romania was $58.1 billion in 2022.
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What will the Romania construction market growth rate be during the forecast period?
The construction market in Romania is projected to achieve an AAGR of more than 2% during 2024-2027.
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Which was the leading sector in the Romania construction market in 2022?
Residential construction was the leading sector in the Romanian construction market in 2022.
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Which are the leading contractors in the Romania construction market?
The leading contractors in the Romania construction market are Webuild SpA, Tehnostrade SRL, Spedition Umb SRL, Astaris SpA, and Control Empresarial de Capitales, S.A. de C.V., among others.
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Who are the leading consultants in the Romania construction market?
The leading consultants in the Romania construction market are Consitrans, SKB Kontur group, WorleyParsons Ltd, ICE Germany, and SC Tecnic Consulting Engineering Romania SRL, among others.
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