Russia Construction Market is Expected to Reach USD 227.58 Billion by 2030

Surge in large-scale infrastructure developments is driving the Russia construction market growth during the forecast period

The Russia Construction Market size was valued at USD 183.65 billion in 2024, and is projected to grow to USD 188.60 billion by 2025. Additionally, the industry is expected to continue its growth trajectory, reaching USD 227.58 billion by 2030, with a CAGR of 3.8% from 2025 to 2030, according to new research by Next Move Strategy Consulting.

The construction market in Russia is experiencing significant growth, driven by a wave of major infrastructure developments. Key projects in 2024, including the Vidnoye Residential Complex, Pride Residential Complex, Transport Hub Development, Khasavyurt Bypass, and the Pyatigorsk Beshtaugorskoe Highway Reconstruction, are contributing meaningfully to the sector’s expansion. These initiatives reflect Russia’s focus on infrastructure modernization and its broader push toward economic development.

However, regulatory complexity remains a substantial challenge in the construction market. Infrastructure projects require extensive permitting and approvals from governmental authorities at local, regional, and national levels. These requirements include zoning compliance, environmental assessments, building code conformity, safety standards, and other regulatory obligations. Prolonged permitting timelines, bureaucratic delays, and inconsistent regulations across jurisdictions often extend project durations and raise costs. Unforeseen regulatory changes or shifts in policy can further interrupt active projects and reduce investment appeal.

On the other hand, the industry is undergoing a major digital transformation, supported by the accelerating adoption of Building Information Modeling. BIM enables digital design, simulation, and lifecycle infrastructure management, improving precision, coordination, and resource efficiency. Reinforcing this trend, ALLPLAN launched Allplan 2024-1 in April 2024 to enhance BIM performance and streamline cloud-based workflows, reinforcing the movement toward fully digital project execution. Integration of artificial intelligence, internet of things, and cloud technologies is also advancing real-time collaboration, predictive infrastructure maintenance, and optimized facility operations.

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Several market players operating in the Russia construction industry include PIK Group, HAKA MOSCOW, Velesstroy, Moscow Engineering and Construction Company, BOES Construction, ESTA Construction, China State Construction Engineering Corp. Ltd. (CSCEC), China Railway Group Ltd. (CREC), China Railway Construction Corp. Ltd. (CRCC), China Communications Construction Group Ltd. (CCCC), Power Construction Corp. of China, China Energy Engineering Corporation (CEEC), Shanghai Construction Group (SCG), Vinci SA, Bouygues Group, and others.

Key Insights from the Russia Construction Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the Russia 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 market share of key players in the industry is provided in the report along with their competitive analysis.