Hungary Construction Market is Expected to Reach USD 19.73 Billion by 2030

Increased government investment in various infrastructure projects is driving the Hungary construction market growth during the forecast period

The Hungary Construction Market size was valued at USD 12.97 billion in 2024, and is projected to grow to USD 14.76 billion by 2025. Additionally, the industry is expected to continue its growth trajectory, reaching USD 19.73 billion by 2030, with a CAGR of 6.0% from 2025 to 2030, according to new research by Next Move Strategy Consulting.

Hungary construction market is experiencing strong growth, driven by increased government spending and European Union (EU) funding across key infrastructure sectors, including power, energy, and highways. In December 2024, the Hungarian government announced a USD 1.3 billion investment to restart 270 transport infrastructure and utility projects in 2025, which were previously suspended in 2022 due to the energy crisis. 

A flagship initiative is the USD 13.8 billion Paks II Nuclear Power Plant, which advanced in 2024 with a 2-gigawatt capacity aimed at increasing the share of nuclear energy by 2030. Additionally, the EU’s Recovery and Resilience Facility (RRF) allocated USD 7.2 billion for Hungary’s green transition during 2024–2025, including USD 471 million for installing solar panels in 35,000 low-income households and USD 488 million for digitalizing energy infrastructure, covering smart grids and 816,000 smart meters.

However, regulatory complexities continue to present a major obstacle in the construction market. Infrastructure projects face delays due to a dense network of government regulations and permitting requirements. These projects demand multiple approvals from local, regional, and national authorities, covering zoning compliance, environmental assessments, building codes, safety regulations, and other legal mandates. Prolonged permit acquisition processes, bureaucratic inefficiencies, and inconsistent regulations across jurisdictions significantly extend project timelines and increase costs. Policy shifts or regulatory changes further disrupt project continuity and reduce investor confidence.

On the other hand, the construction industry is undergoing a major digital transformation, led by the widespread adoption of Building Information Modeling (BIM), which is unlocking new growth opportunities. BIM enables precise digital design, simulation, and infrastructure oversight, improving accuracy, collaboration, and resource utilization. Reinforcing this shift, ALLPLAN launched Allplan 2024-1 in April 2024 to enhance BIM functionality and optimize cloud-based workflows. The integration of AI, IoT, and cloud technologies strengthens real-time collaboration, predictive maintenance, and streamlined facility management.

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Several market players operating in the Hungary construction industry include CBRE Hungary, Matthew & Daniel's, Progress Group, ASA Construction Ltd, STRABAG, JLL, Tower International, Duna House, Otthon Centrum, Futureal Group, Immobilia Plc, Indotek Group, DVM group, Cordia Group, Wing Zrt., and others.

Key Insights from the Hungary Construction Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the Hungary construction market trends is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The report provides the Hungary construction market share of key players, along with a detailed competitive analysis.