{"product_id":"russia-construction-market-size-trend-analysis-by-sector-competitive-landscape-and-forecast-2023-2027","title":"Russia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027","description":"\u003cp\u003eRussia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027\u003cbr\u003e\nSummary\u003c\/p\u003e\n\n\u003cp\u003eDespite the challenging backdrop with Western sanctions imposed following Russia’s invasion of Ukraine, the Russian construction industry has been growing at a fast pace. According to Rosstat, the construction industry’s value add grew by 11.7% year on year (YoY) in Q2 2023 in real terms; this was preceded by Y-o-Y growth of 7% in Q1 2023. GlobalData forecasts that construction output will grow by 5.6% in 2023, but the outlook for 2024 is for a contraction of 7.7%. In addition to ongoing Western sanctions, elevated inflation and interest rates, a growing budget deficit, subdued trade, falling government revenues, and an exodus of skilled workers will impact on new investment.\u003c\/p\u003e\n\n\u003cp\u003eOver the remainder of the forecast period, GlobalData estimates the Russian construction industry to register an annual average growth rate of 3.9% from 2025 to 2027, under a best-case scenario of the military conflict being short-lived, supported by government investment in infrastructure, residential and renewable energy projects. Despite Western economic sanctions, in October 2022, the government approved a plan for the construction of new road infrastructure up to 2027, with a total investment of RUB15.9 trillion ($224 billion). The program involves the construction of at least 4,000km of new roads, with another 3,000km of roads to be expanded from two to four lanes.\u003c\/p\u003e\n\n\u003cp\u003eThe 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 activityCritical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Russian construction industryAnalysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.Scope\u003c\/p\u003e\n\n\u003cp\u003eThis report provides a comprehensive analysis of the construction industry in Russia. It provides -Historical (2018-2022) and forecast (2023-2027) 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-sectorAnalysis 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 consultantsReasons to BuyIdentify 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.\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"September, 2023 \/ 47 Pages \/ MCW16214161","offer_id":47616299106610,"sku":null,"price":1794.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/russia-construction-market-size-trend-analysis-by-sector-competitive-landscape-and-forecast-2023-2027","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}