The Future of Construction in Hungary to 2015: An Investment of US$33.6 billion Under the Széchenyi Plan to Act as a Growth Driver

18 Aug 2011 • by Natalie Aster

The Hungarian construction industry registered a significant decline during 2009–2010 as a result of the global economic slowdown. After experiencing an average growth rate of XX% during 2006–2008, the industry recorded a steep decline due to a lack of activity within the industry. Although the country’s GDP registered an increase in 2010, the Hungarian construction industry continued to decline. Due to a consecutive decline during 2009–2010, the overall construction industry recorded a CARC of -XX% during the review period. With the government aiming to increase investment in infrastructure projects, the market is expected to stabilize in 2011–2012, before following an upward trend during 2012–2015. ICD expects the country’s construction industry to achieve a CAGR of XX% during the forecast period.

The report “The Future of Construction in Hungary to 2015: An Investment of US$33.6 billion Under the Széchenyi Plan to Act as a Growth Driver” is the result of iCD Research’s extensive market and company research covering the Hungarian construction Industry. It provides detailed analysis of both historic and forecast construction industry values at market and category level, analysis of the leading companies in the industry, and an annual review of major events in the industry from the previous 12 months.

In Hungary, state-owned enterprises (SOEs) are prominent in the construction market. As such, SOEs are able to take full advantage of the country’s credit facilities, land and the materials needed for construction, whereas small enterprises are unable to avail themselves of such benefits. In terms of construction materials, there is a significant monopoly in the current market, as raw materials, which are rare and not equally distributed, are mostly monopolized by state-owned enterprises. However, this trend in the Hungarian construction industry is gradually changing towards the increased participation of the private sector in construction activity.

Report Details:

The Future of Construction in Hungary to 2015: An Investment of US$33.6 billion Under the Széchenyi Plan to Act as a Growth Driver

Published: July, 2011
Pages: 130
Price: US$ 1,250.00

Report Sample Abstract

Industry Dynamics

Within the Hungarian construction industry, infrastructure construction was the largest market in 2010, with a share of XX%. In terms of growth, the commercial construction market registered the highest review period CAGR of XX% and is expected to record a CAGR of XX% during the forecast period. Infrastructure construction was the second fastest market during the review period, achieving a CAGR of XX%.

Historic Industry Value Review

The Hungarian construction industry valued HUFXX billion in 2010, a decrease of -XX% over 2009. Over the review period, the industry recorded a CARC of -XX%.

Historic Industry Segmentation Review

The largest market in the Hungarian construction industry in 2010 was infrastructure construction, with a value of HUFXX billion, equal to XX% of the total construction industry. The second-largest market was commercial construction, with a value of HUFXX billion, followed by industrial construction, with a value of HUFXX billion. Commercial construction was the fastest growing market in the Hungarian construction industry during the review period, with a CAGR of XX%, followed by infrastructure construction with a CAGR of XX%.

Industry Value Forecast

ICD expects the Hungarian construction industry to value HUFXX trillion in 2015, compared to HUFXX billion in 2010. The industry will achieve a CAGR of XX% over the forecast period.

Industry Segmentation Forecast

Infrastructure construction is forecast to be the largest market in the industry in 2015, with a market value of HUFXX billion and a market share of XX%, an increase of XX percentage points over 2010. The second-largest market is forecast to be commercial construction, with a market share of XX%.

More information can be found in the report “The Future of Construction in Hungary to 2015: An Investment of US$33.6 billion Under the Széchenyi Plan to Act as a Growth Driver” by iCD Research.

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