Russia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (Q1 2026)
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GlobalData expects the Russian construction industry to decline in real terms by 1.7% in 2026 and 0.4% in 2027, due to the effect of a prolonged Russia-Ukrainian war, increasing labor shortages, rising construction material costs, elevated inflation rates, and a weaker industrial market. According to the Federal State Statistics Service (Rosstat), the average industrial production index declined by 3.7% year on year (YoY) in 2025, while the average manufacturing production index declined by 5.1% YoY during the same period. In January 2026, all 27 European Union (EU) member states approved a regulation to gradually phase out imports of Russian pipeline gas and liquefied natural gas (LNG). A full ban will take effect for LNG imports from the beginning of 2027 and for pipeline gas imports from autumn 2027, which will negatively affect the construction industry’s output.
Over the remainder of the forecast period, the Russian construction industry is projected to record an annual average growth rate of 2.8% between 2028 and 2030, supported by investments in industrial, transport infrastructure, and renewable energy projects, coupled with the government’s aim to build up to 34 new nuclear power plants by 2042 in line with its target to increase the share of nuclear power in the country’s energy mix from 18.9% in 2023 to 23.5% by 2042. In February 2026, the Russian Ministry of Energy estimated that the country required RUB50 trillion ($557.6 billion) to implement plans for the construction of generating capacity by 2042 and an additional RUB18 trillion ($200.7 billion) will be needed for the development of the electric grid.
GlobalData’s Construction in Russia – Key Trends and Opportunities to 2030 (Q1 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
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