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Building Construction in Hungary - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

HU-F41 June 2024 Factsheet

Revenue

€8.2bn

2019-2024 9.7 %
2024-2029 X.X %

Employees

73,657

2019-2024 2.5 %
2024-2029 X.X %

Businesses

20,862

2019-2024 2.0 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Building Construction in Hungary market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Hungary compared to Europe?

Country Benchmarking

Industry Data Hungary

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#21 In Europe
Business
#17 In Europe
Employees
#18 In Europe
Wages
#20 In Europe

View industry report for Europe

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work.

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Enterprises
Number of businesses in 2024

Biggest companies in the Building Construction in Hungary

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Vinci SA
70,248.0
7,586.8
10.8
Strabag SA
19,635.4
1,449.9
7.4
Skanska AB
16,901.4
972.3
5.8

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Top Questions Answered in this Report

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What is the market size of the Building Construction industry in Hungary in 2024?

The market size of the Building Construction industry in Hungary is €8.2bn in 2024.

How many businesses are there in the Building Construction in Hungary industry in 2024?

There are 20,862 businesses in the Building Construction industry in Hungary, which has grown at a CAGR of 2.0 % between 2019 and 2024.

Has the Building Construction industry in Hungary grown or declined over the past 5 years?

The market size of the Building Construction industry in Hungary has been declining at a CAGR of 9.7 % between 2019 and 2024.

What is the forecast growth of the Building Construction industry in Hungary over the next 5 years?

Over the next five years, the Building Construction industry in Hungary is expected to grow.

What are the biggest companies in the Building Construction market in Hungary?

The biggest companies operating in the Building Construction market in Hungary are Vinci SA, Strabag SA and Skanska AB

What does the Building Construction in Hungary include?

Residential building construction and Building project development are part of the Building Construction industry.

Which companies have the highest market share in the Building Construction in Hungary?

The company holding the most market share in Hungary is Vinci SA.

How competitive is the Building Construction industry in Hungary?

The level of competition is high and steady in the Building Construction industry in Hungary.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

The industry includes the general construction of buildings of all kinds, including dwellings, office buildings, stores, public and utility buildings, and farm buildings. Industry activities encompass new work, repair, additions and alterations, the erection of pre-fabricated buildings or structures on site and constructions of a temporary nature.

Related Terms

Building Permit3D PrintingPre-Fabricated Construction

What's included in this industry?

Residential building constructionBuilding project developmentNon-residential building construction

Companies

Vinci SAStrabag SASkanska AB

Industry Code

ISIC 2006

41 - Construction of buildings in Hungary

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Building Construction in Hungary industry?


Outlook

Analysis

What's driving the Building Construction in Hungary industry outlook?


Volatility

Analysis

What influences volatility in the Building Construction in Hungary industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Building Construction in Hungary industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Housebuilding sector sees a decline amid rising costs. Spiralling construction costs and a slowdown in house price growth have led to a fall in the number of residential building permits being issued.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Building Construction in Hungary industry's products and services performing?

Analysis

What are innovations in the Building Construction in Hungary industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Building Construction in Hungary industry?


International Trade

Highlights

  • Total Imports into Hungary
  • Total Exports into Hungary
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Building construction is dominated by small-scale contractors and developers. Most contractors operate in regional markets, focusing on a specific type of construction or development.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Building Construction in Hungary located?

Companies

Data Tables

Top 3 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Eurocodes are the uniform building standards for all EU countries. Eurocodes and other national-level building standards guarantee that buildings are designed and constructed robustly and safely.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Building Construction in Hungary industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

The pandemic spurs significant supply chain disruption. Following widespread temporary site closures and upstream factory shutdowns, the return to sites after the pandemic was met with severe material shortages.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Building Construction in Hungary industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.