Russia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027

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Published: September 27, 2023 Report Code: GDCN1230MR-ST

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Russia Construction Market Overview

The Russia construction market size was $242.7 billion in 2022. The market is projected to achieve an AAGR of less than 2% during 2024-2027. The market growth over the forecast period will be supported by government investment in infrastructure, residential, and renewable energy projects.

Russia Construction Market Outlook, 2022-2027 ($ Billion)

Russia Construction Market Outlook, 2022-2027 ($ Billion)

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The Russia construction market research report provides detailed market analysis, information, and insights into the Russia construction industry, including the industry’s growth prospects by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues and an analysis of key risks and opportunities in the Russian construction industry. It also analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report discusses the sectors in the construction market and provides an overview of each sector along with their driving factors.

Market Size (2022) $242.7 billion
AAGR (2024-2027) <2%
Forecast Period 2023-2027
Historical Period 2018-2022
Key Sectors ·       Commercial Construction

·       Industrial Construction

·       Infrastructure Construction

·       Energy and Utilities Construction

·       Institutional Construction

·       Residential Construction
Key Contractors ·       China Railway Construction Corporation Group

·       China National Chemical Engineering Group Co Ltd

·       Mosinzhproekt JSC

·       Ronesans Holding AS

·       Metrostroy

·       Maire Tecnimont SpA
Key Consultants ·       NIPIgazpererabotka

·       JGC Holdings Corp

·       Mosinzhproekt JSC

·       China National Chemical Engineering Group Co Ltd

·       STC Pozhinzhiniring

·       TechnipFMC Plc
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Russia Construction Market Segmentation by Sectors

Residential construction was the leading sector in the Russian construction market in 2022.

The key sectors in the Russian 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. The commercial sector’s growth in the initial part of the forecast period will be affected by weak consumer and business confidence amid rising inflation and the implementation of Western sanctions. Over the remainder of the forecast period, the sector will be supported by investment activities in the construction of data centers, theme parks, and hotels.

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. The sector grew in 2023 supported by improvements in industrial and manufacturing activities, coupled with the government’s support for the auto industry and small and medium-sized enterprises (SMEs). Additionally, the sector growth during 2025-2027 will be supported by investments in the manufacturing and mining sectors.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The growth of the sector over the forecast period will be supported by the government’s investments in the construction of road and railway projects.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The growth of the sector during 2025-2027 will be supported by investments in electricity, water, and telecommunication infrastructure projects.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Forecast-period growth in the institutional construction sector will be supported by investment in the education and healthcare sectors.

Residential construction: The project types in this sector include single-family housing and multi-family housing. The sector growth will be supported by the government’s focus on developing affordable housing for middle and low-income families.

Russia Construction Market Analysis by Sectors, 2022 (%)

Russia Construction Market Analysis by Sectors, 2022 (%)

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Russia Construction Market - Competitive Landscape

China Railway Construction Corporation Group was the leading contractor and NIPIgazpererabotka was the leading consultant in the Russia construction market in 2022.

Some of the leading contractors in the Russia construction market are:

  • China Railway Construction Corporation Group
  • China National Chemical Engineering Group Co Ltd
  • Mosinzhproekt JSC
  • Ronesans Holding AS
  • Metrostroy
  • Maire Tecnimont SpA

Domestic contractors account for a majority share of the project pipeline in the Russia construction market.

Russia Construction Market Analysis by Contractors, 2022 (%)

Russia Construction Market Analysis by Contractors, 2022 (%)

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Some of the leading consultants in the Russia construction market are:

  • NIPIgazpererabotka
  • JGC Holdings Corp
  • Mosinzhproekt JSC
  • China National Chemical Engineering Group Co Ltd
  • STC Pozhinzhiniring
  • TechnipFMC Plc

Consultants with headquarters within Russia are involved in most of the project pipeline by value.

Russia Construction Market Analysis by Consultants, 2022 (%)

Russia Construction Market Analysis by Consultants, 2022 (%)

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Russia Construction Market – Latest Developments

  • The largest commercial project currently in the pipeline is the Novaya Anapa Resort project, which involves the construction of hotels with rooms, embankments, restaurants, a water park, and leisure zones, and the installation of power facilities, equipment, and safety systems.
  • The largest project in the industrial construction pipeline is the Ust-Luga Gas Chemical Production Plant which involves the construction of a gas-based chemical production plant with a capacity to process about 45 billion m3 of blue fuel per day.

Segments Covered in the Report

Russia 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 Russia.

  • Historical and forecast valuations of the construction industry in Russia, 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

  • 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

    • 3.5. Potential Conflict Scenarios

  • 4. Construction Outlook

    • 4.1. All Construction

      • 4.1.1. Outlook

      • 4.1.2. Latest news and developments

      • 4.1.3. Construction Projects Momentum Index

    • 4.2. Commercial Construction

      • 4.2.1. Outlook

      • 4.2.2. Project analytics

      • 4.2.3. Latest news and developments

    • 4.3. Industrial Construction

      • 4.3.1. Outlook

      • 4.3.2. Project analytics

      • 4.3.3. Latest news and developments

    • 4.4. Infrastructure Construction

      • 4.4.1. Outlook

      • 4.4.2. Project analytics

      • 4.4.3. Latest news and developments

    • 4.5. Energy and Utilities Construction

      • 4.5.1. Outlook

      • 4.5.2. Project analytics

      • 4.5.3. Latest news and developments

    • 4.6. Institutional Construction

      • 4.6.1. Outlook

      • 4.6.2. Project analytics

      • 4.6.3. Latest news and developments

    • 4.7. Residential Construction

      • 4.7.1. Outlook

      • 4.7.2. Project analytics

      • 4.7.3. 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

  • 8. About GlobalData

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