Russia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (Q2 2026)

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The Russian construction industry is expected to shrink in real terms by 5.2% in 2026 and 1.8% in 2027, owing to the ongoing economic uncertainty in the country caused by the Ukraine-Russia war and Middle Eastern conflict, increasing labor shortages, rising construction material costs, spending cuts to fund the war and a sluggish residential building activity. According to the Federal State Statistics Service (Rosstat), Russia’s average construction activity volume index fell by 14.5% year-on-year (YoY) in the first four months of 2026, following a marginal annual decline of 0.7% in 2025. Furthermore, in early 2026, the Russian government significantly reduced state mortgage subsidies, resulting in a setback for the country's residential construction sector, which has caused numerous projects to be canceled or delayed. Moreover, the average manufacturing production index declined by 3.5% YoY in the first four months of 2026, preceded by an annual decline of 5.1% in 2025.

Over the remainder of the forecast period, the Russian construction industry is expected to rebound and record an annual average growth of 3% between 2028 and 2030, supported by increase in investments in industrial, transport infrastructure and renewable energy projects. To drive growth in the country’s manufacturing sector, the Russian Ministry of Industry and Trade is targeting to build approximately 100 industrial parks in the country by 2030. In April 2026, a Russian mining company, Reale Engineering Invest commenced the development of the Velyko-Tokmak (Bolshoy Tokmak) manganese deposit in Russia occupied Zaporizhzhia Oblast. Reale Engineering Invest estimated that the Velyko-Tokmak deposit holds approximately 1.7 billion tons of manganese deposits. Growth over the forecast period will also be driven by Russia’s updated six-year road infrastructure development plan for 2026-2031. The Russian government is planning to invest RUB9.1 trillion ($101.5 billion) to build and upgrade 2,000km of roads in the country by 2031, along with building 50 bypasses.

GlobalData’s Construction in Russia – Key Trends and Opportunities to 2030 (Q2 2026) report provides detailed market analysis, information, and insights into the Russian construction industry, including:_x000D_
– The Russian 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 Russian 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 Russia. It provides:

Historical (2021–2025) and forecast (2026–2030) valuations of the construction industry in Russia, 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: Russia, Key Economic Indicators

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

Table 4: Russia, Top Commercial Construction Projects by Value

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

Table 6: Russia, Top Industrial Construction Projects by Value

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

Table 8: Russia, Top Infrastructure Construction Projects by Value

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

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

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

Table 12: Russia, Top Institutional Construction Projects by Value

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

Table 14: Russia, Top Residential Construction Projects by Value

Table 15: Russia, Key Contractors

Table 16: Russia, Key Consultants

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

Table 18: Russia Construction Output Value (Nominal, RUB 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: Russia, Construction Output by Sector (Real % Change), 2024–26 and 2027–30

Figure 3: Russia, Risk Summary

Figure 4: Russia, Risk Regional Comparison

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

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

Figure 7: Russia, Construction Value-add (RUB Billion, 2021 Constant Prices)

Figure 8: Russia, Construction Activity Volume Index, Percent of Corresponding Period of Previous Year

Figure 9: Russia, Monthly Unemployment in Metropolitan Lima (in Thousands)

Figure 10: Russia, Construction Projects Momentum Index

Figure 11: Eastern Europe, Construction Projects Momentum Index

Figure 12: Russia, Commercial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 13: Russia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 14: Russia, Hotels and food services Value-add (RUB Billion, 2021 Constant Prices)

Figure 15: Russia, Retail Trade Turnover (RUB Billion)

Figure 16: Russia, Wholesale and Retail Trade Value-add (RUB Billion, 2021 Constant Prices)

Figure 17: Russia, Industrial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 18: Russia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 19: Russia, Manufacturing Value-add (RUB Billion, 2021 Constant Prices)

Figure 20: Russia, Industrial and Manufacturing Production Index (% Change, YoY)

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

Figure 22: Russia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 23: Russia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021–30

Figure 24: Russia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 25: Russia, Institutional Construction Output by Project Type (Real, $ Million), 2021–30

Figure 26: Russia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 27: Russia, Education Value-add (RUB Billion, 2021 Constant Prices)

Figure 28: Russia, Health and Social Service Value-add (RUB Billion, 2021 Constant Prices)

Figure 29: Russia, Residential Construction Output by Project Type (Real, $ Million), 2021–30

Figure 30: Russia, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 31: Russia, Real estate Value-add (RUB Billion, 2021 Constant Prices)

Figure 32: Russia, Residential Buildings Commissioned by Organizations (Million m2)

Figure 33: Russia, Volume of Extended Mortgage Loans (RUB, Billion)

Figure 34: Russia, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 35: Russia, Headquarters of Key Consultants (% of Total Project Pipeline)

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