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Hungary Construction Services Industry Outlook 2024 - 2028

See how Hungary Construction Services performed compared to key markets such as Germany, France and the United Kingdom.

Key Market Indicators

Hungarian Construction Services Revenue is projected to reach approximately €6 billion by 2028, up from €4.9 billion in 2023. This growth represents a compound annual growth rate (CAGR) of 3.3%. Since 2013, the Hungarian market has seen an average annual increase of 8.7%. In 2023, Hungary ranked 16th globally, with Ireland narrowly ahead, also at €4.9 billion. Leading the rankings, France, the United Kingdom, and Italy secured the second, third, and fourth positions, respectively. In terms of Hungarian Construction Services Production, the sector is expected to hit around €4.9 billion by 2028, rising from €3.7 billion in 2023. This indicates an average annual growth rate of 4.3%. Since 2013, Hungary's supply has grown at an average rate of 9.2% per year. In 2023, the country was ranked 18th, with the Czech Republic surpassing it with €3.7 billion. France, the United Kingdom, and Italy held the second, third, and fourth spots in this category as well.

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Hungary Construction Services Market Data and Forecasts