The Eastern European Construction market size is estimated to reach $607.4 billion in 2023, according to a new report by GlobalData Plc. Growing investments in infrastructure developments, renewable energy projects, and residential buildings are likely to lead the Eastern European construction market to grow at a CAGR of 2.5% during 2023-2027.
Eastern European Construction Market Share By Sectors, 2018 – 2027 (%)
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Eastern European Construction Market FAQs
The Eastern European construction market size will be evaluated at $607.4 billion in 2023.
The construction market in the Eastern European region is expected to grow at a CAGR of 2.5% during 2023-2027.
The key sectors in the Eastern European construction market are commercial construction, energy and utilities construction, industrial construction, infrastructure construction, institutional construction, and residential construction.
The key countries in the Eastern European construction market are Azerbaijan, Belarus, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kazakhstan, Latvia, Lithuania, Poland, Romania, Russia, Slovakia, Slovenia, Turkey, Ukraine, Uzbekistan.
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Eastern European Construction Market Dynamics
GlobalData expects the Eastern European construction industry to contract marginally in 2023, declining by 0.2% in real terms, owing to the deteriorating macroeconomic conditions, with high inflation and a jump in interest rates impacting on new investments. The regional conditions are likely to improve from 2024 with an anticipated annual average growth rate (AAGR) of 3.2% over the forecast period.
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Eastern European Construction Report Highlights
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Eastern European Construction Market Scope
GlobalData Plc has segmented the Eastern European construction market report by sectors and countries:
Eastern European Construction Sectors Outlook (Value, $ Million, 2018-2027)
Eastern European Construction Countries Outlook (Value, $ Million, 2018-2027)
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