Russia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Russia Construction Market Report Overview
The Russia construction market size was $239.1 billion in 2023. The market will achieve an AAGR of more than 3% during 2025-2028. The Russia construction market research report gives a comprehensive understanding of project types and construction activities in the country.
Russia Construction Market Outlook, 2023-2028 ($ Billion)
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The report analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. Furthermore, 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 the Russia construction market growth in the coming years.
Market Size (2023) | $239.1 billion |
AAGR (2025-2028) | >3% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · China National Chemical Engineering Group Co Ltd
· Ronesans Holding AS · Maire Tecnimont SpA · State Atomic Energy Corporation Rosatom · Gazprom |
Key Consultants | · NIPIgazpererabotka
· JGC Holdings Corp · STC Pozhinzhiniring · TechnipFMC Plc · State Atomic Energy Corporation Rosatom |
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Russia Construction Market Segmentation by Sectors
The residential construction sector accounted for the highest market share in the Russian construction market in 2023
The key sectors in the Russia 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. Growing investment in logistic centers, theme parks, and hotels will support the commercial sector’s output over the forecast period.
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. Growth during the forecast period can be attributed to an increase in investments in the manufacturing and automotive sub-sectors.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Over the forecast period, investments in the construction of road and railway infrastructure projects will support the sector’s growth.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. Government investments in hydroelectricity, water, and telecommunication infrastructure projects will support the sector’s growth.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The sector’s growth during the forecast period can be attributed to an improvement in the public and private sector investments in the expansion of the country’s education and healthcare capacity.
Residential construction: The project types in this sector include single-family housing and multi-family housing. Over the forecast period, the sector’s growth can be attributed to the government’s focus on increasing investment to build affordable houses for middle and low-income families.
Russia Construction Market Analysis by Sectors, 2023 (%)
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Russia Construction Market - Competitive Landscape
China National Chemical Engineering Group Co Ltd emerged as the leading contractor and NIPIgazpererabotka was the leading consultant in the Russia construction market in 2023
A few of the leading contractors in the Russia construction market are:
- China National Chemical Engineering Group Co Ltd
- Ronesans Holding AS
- Maire Tecnimont SpA
- State Atomic Energy Corporation Rosatom
- Gazprom
Domestic contractors account for a majority of the project pipeline in the Russia construction market.
Russia Construction Market Analysis by Contractors, 2023 (%)
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A few of the leading consultants in the Russia construction market are:
- NIPIgazpererabotka
- JGC Holdings Corp
- STC Pozhinzhiniring
- TechnipFMC Plc
- State Atomic Energy Corporation Rosatom
Consultants with headquarters in Russia are involved in most of the project pipeline by value.
Russia Construction Market Analysis by Consultants, 2023 (%)
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Russia Construction Market - Latest Developments
- The largest commercial project currently in the pipeline is the Novaya Anapa Resort project. It involves the construction of hotels with 15,000 rooms, embankments, restaurants, and other related facilities.
- The largest industrial project currently in the pipeline is the Ust-Luga Gas Chemical Production Plant. It 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, 2019-2028)
- 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. It provides:
- Historical and forecast 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 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 construction market size in Russia in 2023?
The Russia construction market size was $239.1 billion in 2023.
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What will the Russian construction market growth rate be during the forecast period?
The construction market in Russia is projected to achieve an AAGR of more than 3% during 2025-2028.
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Which sector accounted for the highest share of the Russia construction market in 2023?
The residential construction sector accounted for the highest share of the Russia construction market in 2023.
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Which are the leading contractors in the Russia construction market?
A few of the leading contractors in the Russia construction market are China National Chemical Engineering Group Co Ltd, Ronesans Holding AS, Maire Tecnimont SpA, State Atomic Energy Corporation Rosatom, and Gazprom, among others.
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Which are the leading consultants in the Russia construction market?
A few of the leading consultants in the Russia construction market are NIPIgazpererabotka, JGC Holdings Corp, STC Pozhinzhiniring, TechnipFMC Plc, and State Atomic Energy Corporation Rosatom, among others.
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