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Construction in Hungary - Key Trends and Opportunities to 2021

Published: Jul, 2017 | Pages: 67 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Synopsis
Construction activity in Hungary was weak during 2016, owing to the effects of the economic recession. This had an adverse impact on business confidence, which in turn reduced the pace of investment in construction projects. The industry is expected to expand over the forecast period (2017-2021), supported by a gradual improvement in regional economic conditions, coupled with a resurgence in both investor and consumer confidence. This is expected to add momentum to the flow of investments into construction projects. The industry's expansion is expected to be supported by public sector investments in transport infrastructure projects as the government aims to revamp economic growth. Additionally, positive developments in the tourism and retail sectors and the expansion of the manufacturing sector are also expected to contribute to the industry's expansion over the forecast period. The industry's output value in real terms recorded a compound annual growth rate (CAGR) of 0.07% during the review period (2012-2016) and is expected to post a CAGR of 6.25% over the forecast period.

Summary

Timetric's Construction in Hungary - Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the Hungarian construction industry, including: • The Hungarian construction industry's growth prospects by market, project type and construction activity • Analysis of equipment, material and service costs for each project type in Hungary • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Hungarian construction industry • Profiles of the leading operators in the Hungarian construction industry

Scope

This report provides a comprehensive analysis of the construction industry in Hungary. It provides: • Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Hungary using construction output and value-add methods • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services) • Analysis of key construction industry issues, including regulation, cost management, funding and pricing • Detailed profiles of the leading construction companies in Hungary

Reasons To Buy

• Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight. • Assess business risks, including cost, regulatory and competitive pressures. • Evaluate competitive risk and success factors.
Key Highlights

• In April 2017, the Ministry of National Economy initiated the construction of the M4 dual carriageway towards the southeast of Budapest. The project includes the construction of a 44.0km-long roads which will establish a connection between the cities of ull? and Cegl�d. The project is expected to be implemented in two phases, with construction scheduled to be completed by 2019. • As a result of the Family Housing Allowance program launched in July 2015, there has been a significant increase in the number of new residential building permits. According to Hungarian Central Statistical Office, the total number of new residential building permits issued in the country rose drastically by 87.0%, going from 6,526 in 2015 to 12,206 in 2016. • In line with the growing demand for accommodation in higher education institutions, in December 2016 the government announced plans to invest HUF192.6 billion (US$689.4 million) to construct new buildings in colleges. • The European Union (EU) has played a vital role in funding major infrastructure projects in the country in recent years. In April 2017, the EU announced plans to allocate HUF10.0 billion (US$34.4 million) as financial aid for three projects to be developed by the Hungarian Gas Transport Cluster Association. • Under the National Info-communication Strategy 2014-2020, the government aims to develop the country's digital infrastructure. As a part of the initiative, the government aims to equip the country with Next-Generation Access networks with a minimum speed of 30.0Mbps by 2018. This is expected to attract several private investments in broadband network upgrade projects.
 Table of Contents
1 Executive Summary 2 Industry Outlook 2.1 Commercial Construction 2.2 Industrial Construction 2.3 Infrastructure Construction 2.4 Energy and Utilities Construction 2.5 Institutional Construction 2.6 Residential Construction 3 Key Issues and Developments 4 Market Data Analysis 4.1 Construction Output and Value Add 4.1.1 Construction output by project type 4.1.2 Construction output by cost type 4.1.3 Construction output by activity type 4.1.4 Construction value add by project type 4.2 Commercial Construction 4.2.1 Commercial construction output by project type 4.2.2 Commercial construction output by cost type 4.2.3 Commercial construction output by activity type 4.2.4 Commercial construction value add by project type 4.3 Industrial Construction 4.3.1 Industrial construction output by project type 4.3.2 Industrial construction output by cost type 4.3.3 Industrial construction output by activity type 4.3.4 Industrial construction value add by project type 4.4 Infrastructure Construction 4.4.1 Infrastructure construction output by project type 4.4.2 Infrastructure construction output by cost type 4.4.3 Infrastructure construction output by activity type 4.4.4 Infrastructure construction value add by project type 4.5 Energy and Utilities Construction 4.5.1 Energy and utilities construction output by project type 4.5.2 Energy and utilities construction output by cost type 4.5.3 Energy and utilities construction output by activity type 4.5.4 Energy and utilities construction value add by project type 4.6 Institutional Construction 4.6.1 Institutional construction output by project type 4.6.2 Institutional construction output by cost type 4.6.3 Institutional construction output by activity type 4.6.4 Institutional construction value add by project type 4.7 Residential Construction 4.7.1 Residential construction output by project type 4.7.2 Residential construction output by cost type 4.7.3 Residential construction output by activity type 4.7.4 Residential construction value add by project type 5 Company Profile: F?mterv Mernoki Tervezo Zrt 5.1 F?mterv Mernoki Tervezo Zrt - Company Overview 5.2 F?mterv Mernoki Tervezo Zrt - Main Services 5.3 F?mterv Mernoki Tervezo Zrt - History 5.4 F?mterv Mernoki Tervezo Zrt - Company Information 5.4.1 F?mterv Mernoki Tervezo Zrt - key competitors 5.4.2 F?mterv Mernoki Tervezo Zrt - key employees 6 Company Profile: Soltut Utepito Fenntarto Es Kereskedelmi Kft 6.1 Soltut Utepito Fenntarto Es Kereskedelmi Kft - Company Overview 6.2 Soltut Utepito Fenntarto Es Kereskedelmi Kft - Main Services 6.3 Soltut Utepito Fenntarto Es Kereskedelmi Kft - History 6.4 Soltut Utepito Fenntarto Es Kereskedelmi Kft - Company Information 6.4.1 Soltut Utepito Fenntarto Es Kereskedelmi Kft - key competitors 6.4.2 Soltut Utepito Fenntarto Es Kereskedelmi Kft - key employees 7 Company Profile: Rutin Kft 7.1 Rutin Kft - Company Overview 7.2 Rutin Kft - Main Services 7.3 Rutin Kft - History 7.4 Rutin Kft - Company Information 7.4.1 Rutin Kft - key competitors 8 Company Profile: M-H�d M?szaki Szolgaltato Zrt 8.1 M-H�d M?szaki Szolgaltato Zrt - Company Overview 8.2 M-H�d M?szaki Szolgaltato Zrt - Main Services 8.3 M-H�d M?szaki Szolgaltato Zrt - Company Information 8.3.1 M-H�d M?szaki Szolgaltato Zrt - key competitors 8.3.2 M-H�d M?szaki Szolgaltato Zrt - key employees 9 Company Profile: Aquaplus Kutfuro, Epito es Termal-energetikai Kft 9.1 Aquaplus Kutfuro, �p�t? �s Termal-energetikai Kft - Company Overview 9.2 Aquaplus Kutfuro, �p�t? �s Termal-energetikai Kft - Main Services 9.3 Aquaplus Kutfuro, �p�t? �s Termal-energetikai Kft - History 9.4 Aquaplus Kutfuro, �p�t? �s Termal-energetikai Kft - Company Information 9.4.1 Aquaplus Kutfuro, �p�t? �s Termal-energetikai Kft - key competitors 9.4.2 Aquaplus Kutfuro, �p�t? �s Termal-energetikai Kft - key employee 10 Appendix 10.1 What is this Report About? 10.2 Definitions 10.3 Methodology 10.4 Contact Timetric 10.5 About Timetric 10.6 Timetric's Services 10.7 Disclaimer
List of Tables
Table 1: Hungarian Construction Output by Project Type (HUF Million), 2012-2016 Table 2: Hungarian Construction Output by Project Type (HUF Million), 2016-2021 Table 3: Hungarian Construction Output by Cost Type (HUF Million), 2012-2016 Table 4: Hungarian Construction Output by Cost Type (HUF Million), 2016-2021 Table 5: Hungarian Construction Output by Activity Type (HUF Million), 2012-2016 Table 6: Hungarian Construction Output by Activity Type (HUF Million), 2016-2021 Table 7: Hungarian Construction Value Add by Project Type (HUF Million), 2012-2016 Table 8: Hungarian Construction Value Add by Project Type (HUF Million), 2016-2021 Table 9: Hungarian Commercial Construction Output by Project Type (HUF Million), 2012-2016 Table 10: Hungarian Commercial Construction Output by Project Type (HUF Million), 2016-2021 Table 11: Hungarian Commercial Construction Output by Cost Type (HUF Million), 2012-2016 Table 12: Hungarian Commercial Construction Output by Cost Type (HUF Million), 2016-2021 Table 13: Hungarian Commercial Construction Output by Activity Type (HUF Million), 2012-2016 Table 14: Hungarian Commercial Construction Output by Activity Type (HUF Million), 2016-2021 Table 15: Hungarian Commercial Construction Value Add by Project Type (HUF Million), 2012-2016 Table 16: Hungarian Commercial Construction Value Add by Project Type (HUF Million), 2016-2021 Table 17: Hungarian Industrial Construction Output by Project Type (HUF Million), 2012-2016 Table 18: Hungarian Industrial Construction Output by Project Type (HUF Million), 2016-2021 Table 19: Hungarian Industrial Construction Output by Cost Type (HUF Million), 2012-2016 Table 20: Hungarian Industrial Construction Output by Cost Type (HUF Million), 2016-2021 Table 21: Hungarian Industrial Construction Output by Activity Type (HUF Million), 2012-2016 Table 22: Hungarian Industrial Construction Output by Activity Type (HUF Million), 2016-2021 Table 23: Hungarian Industrial Construction Value Add by Project Type (HUF Million), 2012-2016 Table 24: Hungarian Industrial Construction Value Add by Project Type (HUF Million), 2016-2021 Table 25: Hungarian Infrastructure Construction Output by Project Type (HUF Million), 2012-2016 Table 26: Hungarian Infrastructure Construction Output by Project Type (HUF Million), 2016-2021 Table 27: Hungarian Infrastructure Construction Output by Cost Type (HUF Million), 2012-2016 Table 28: Hungarian Infrastructure Construction Output by Cost Type (HUF Million), 2016-2021 Table 29: Hungarian Infrastructure Construction Output by Activity Type (HUF Million), 2012-2016 Table 30: Hungarian Infrastructure Construction Output by Activity Type (HUF Million), 2016-2021 Table 31: Hungarian Infrastructure Construction Value Add by Project Type (HUF Million), 2012-2016 Table 32: Hungarian Infrastructure Construction Value Add by Project Type (HUF Million), 2016-2021 Table 33: Hungarian Energy and Utilities Construction Output by Project Type (HUF Million), 2012-2016 Table 34: Hungarian Energy and Utilities Construction Output by Project Type (HUF Million), 2016-2021 Table 35: Hungarian Energy and Utilities Construction Output by Cost Type (HUF Million), 2012-2016 Table 36: Hungarian Energy and Utilities Construction Output by Cost Type (HUF Million), 2016-2021 Table 37: Hungarian Energy and Utilities Construction Output by Activity Type (HUF Million), 2012-2016 Table 38: Hungarian Energy and Utilities Construction Output by Activity Type (HUF Million), 2016-2021 Table 39: Hungarian Energy and Utilities Construction Value Add by Project Type (HUF Million), 2012-2016 Table 40: Hungarian Energy and Utilities Construction Value Add by Project Type (HUF Million), 2016-2021 Table 41: Hungarian Institutional Construction Output by Project Type (HUF Million), 2012-2016 Table 42: Hungarian Institutional Construction Output by Project Type (HUF Million), 2016-2021 Table 43: Hungarian Institutional Construction Output by Cost Type (HUF Million), 2012-2016 Table 44: Hungarian Institutional Construction Output by Cost Type (HUF Million), 2016-2021 Table 45: Hungarian Institutional Construction Output by Activity Type (HUF Million), 2012-2016 Table 46: Hungarian Institutional Construction Output by Activity Type (HUF Million), 2016-2021 Table 47: Hungarian Institutional Construction Value Add by Project Type (HUF Million), 2012-2016 Table 48: Hungarian Institutional Construction Value Add by Project Type (HUF Million), 2016-2021 Table 49: Hungarian Residential Construction Output by Project Type (HUF Million), 2012-2016 Table 50: Hungarian Residential Construction Output by Project Type (HUF Million), 2016-2021 Table 51: Hungarian Residential Construction Output by Cost Type (HUF Million), 2012-2016 Table 52: Hungarian Residential Construction Output by Cost Type (HUF Million), 2016-2021 Table 53: Hungarian Residential Construction Output by Activity Type (HUF Million), 2012- 2016 Table 54: Hungarian Residential Construction Output by Activity Type (HUF Million), 2016-2021 Table 55: Hungarian Residential Construction Value Add by Project Type (HUF Million), 2012-2016 Table 56: Hungarian Residential Construction Value Add by Project Type (HUF Million), 2016-2021 Table 57: F?mterv Mernoki Tervezo Zrt, Key Facts Table 58: F?mterv Mernoki Tervezo Zrt, Main Services Table 59: F?mterv Mernoki Tervezo Zrt, History Table 60: F?mterv Mernoki Tervezo Zrt, Key Employees Table 61: Soltut Utepito Fenntarto Es Kereskedelmi Kft, Key Facts Table 62: Soltut Utepito Fenntarto Es Kereskedelmi Kft, Main Services Table 63: Soltut Utepito Fenntarto Es Kereskedelmi Kft, History Table 64: Soltut Utepito Fenntarto Es Kereskedelmi Kft, Key Employees Table 65: Rutin Kft, Key Facts Table 66: Rutin Kft, Main Services Table 67: Rutin Kft, History Table 68: M-H�d M?szaki Szolgaltato Zrt, Key Facts Table 69: M-H�d M?szaki Szolgaltato Zrt, Main Services Table 70: M-H�d M?szaki Szolgaltato Zrt, Key Employees Table 71: Aquaplus Kutfuro, �p�t? �s Termal-energetikai Kft, Key Facts Table 72: Aquaplus Kutfuro, �p�t? �s Termal-energetikai Kft, Main Services Table 73: Aquaplus Kutfuro, �p�t? �s Termal-energetikai Kft, History Table 74: Aquaplus Kutfuro, �p�t? �s Termal-energetikai Kft, Key Employees Table 75: Timetric Construction Market Definitions



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