Summary
The Russian construction industry contracted marginally in 2020, with output declining by 0.7% in real terms. The lockdown measures and subsequent economic slowdown severely weakened the construction industry.
The construction industry is expected to recover in 2021, growing by 2.6% in real terms that year, supported by investment in major infrastructure projects, rising oil prices and global economic recovery. The growth outlook also reflects faster growth in infrastructure investment, which will help to offset a slightly weaker outlook for buildings and industry construction.
In November 2020, it was reported that the transport infrastructure spending plan had increased to RUB7 trillion for the next five years, pushed up by additional private investment. GlobalData expects the construction industry to stabilize with an annual average growth rate of 2.8% between 2022 and 2025, supported by investments in the transport, renewable energy, telecommunication, and manufacturing sectors. In 2019, the government outlined plans to spend RUB6.3 trillion (US$96 billion) on the development of the country’s transport infrastructure over the next five years.
This report provides detailed market analysis, information, and insights into the Russian construction industry, including -
- The Russian construction industry's growth prospects by market, project type and construction activity
- 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
- 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 (2016-2020) and forecast (2021-2025) 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.
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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 COVID-19 Status
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
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 GlobalData Construction
List of Tables
Table 1: Construction Industry Key Data
Table 2: Russia, Key Economic Indicators
Table 3: Russia, Commercial Construction Output by Project Type (real % change), 2016-2025
Table 4: Russia, Top Commercial Construction Projects by Value
Table 5: Russia, Industrial Construction Output by Project Type (real % change), 2016-2025
Table 6: Russia, Top Industrial Construction Projects by Value
Table 7: Russia, Infrastructure Construction Output by Project Type (real % change), 2016-2025
Table 8: Russia, Top Infrastructure Construction Projects by Value
Table 9: Russia, Energy and Utilities Construction Output by Project Type (real % change), 2016-2025
Table 10: Russia, Top Energy and Utilities Construction Projects by Value
Table 11: Russia, Institutional Construction Output by Project Type (real % change), 2016-2025
Table 12: Russia, Top Institutional Construction Projects by Value
Table 13: Russia, Residential Construction Output by Project Type (real % change), 2016-2025
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, US$ Million)
Table 18: Russia, Construction Output Value (Nominal, RUB Billion)
Table 19: GlobalData Construction Market Definitions
List of Figures
Figure 1: Eastern Europe, Construction Output (real % change), 2021
Figure 2: Russia, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Russia, COVID-19 Confirmed Cases
Figure 4: Russia, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate), 2016-2025
Figure 5: Russia, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
Figure 6: Russia, Construction Value-Add (RUB Billion, 2016 Constant Prices)
Figure 7: Russia, Construction Activity Volume Index (% Change, YoY)
Figure 8: Russia, Number of Unemployed Registered at Bodies of State Employment Services
Figure 9: Russia, Construction Projects Momentum Index
Figure 10: Russia, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 11: Russia, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 12: Russia, Retail Trade Turnover (RUB Billion)
Figure 13: Russia, Wholesale and Retail Trade Value-Add (RUB Billion, 2016 Constant Prices)
Figure 14: Russia, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 15: Russia, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 16: Russia, Industrial and Manufacturing Production Index (% Change, YoY)
Figure 17: Russia, Manufacturing Value-Add (RUB Billion, 2016 Constant Prices)
Figure 18: Russia, Total Export (US$ Billion)
Figure 19: Russia, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 20: Russia, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 21: Russia, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 22: Russia, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 23: Russia, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 24: Russia, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 25: Russia, Federal Budget Expenditure on Healthcare (RUB Billion)
Figure 26: Russia, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 27: Russia, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 28: Russia, Real Estate Value-Add (RUB Billion, 2016 Constant Prices)
Figure 29: Russia, Residential Buildings Commissioned by Organizations (Million m2)
Figure 30: Russia, Volume of Extended Mortgage Loans (RUB, Billion)
Figure 31: Russia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 32: Russia, Headquarters of Key Consultants (% of Total Project Pipeline)
