Russia Construction Market Trends, Forecast, and Share Analysis 2033

Russia Construction Market Size in 2025

Market Size in 2024: USD 160.53 Billion
Market Forecast in 2033: USD 211.29 Billion
Market Growth Rate 2025-2033: 3.0%

The Russia construction market was valued at USD 160.53 Billion in 2024 and is expected to reach USD 211.29 Billion by 2033, growing at a CAGR of 3.0% during 2025-2033. This steady growth is supported by government-backed infrastructure projects, urban redevelopment programs, and modernization of legacy structures across the country.

Growth Drivers of the Russian Construction Market

Urbanization and Population Growth

Russia urbanizes rapidly and mainly drives construction. Large cities such as Moscow and St. Petersburg see migration waves and experience demand for residential, commercial, and civic construction. The number of Russians who are ready to build their own houses is reported to triple around mid-2025. Residential and commercial building has also increased within smaller cities, as regional governments upgrade infrastructure to make life in their cities more attractive to new arrivals. People have migrated to cities and driven builders to construct both residential and commercial buildings across much of the region.

Government Infrastructure Investments

The Russian government still gives priority to large-scale infrastructure projects for connecting areas better and growing the economy. In June 2024 Russia approved plans that they will construct a 679 km (422 mi) high-speed passenger railway between Moscow and St. Petersburg with an estimated cost of more than 2.3 trillion rubles (USD 25.97 billion). These projects also show the government commits to building and upgrading essential infrastructure such as roads, bridges, airports and metro systems. Construction companies can find opportunities in the energy infrastructure sector which includes power plants and renewable energy projects. The projects make mobility and access better. These projects benefit regional economies and communities too.

Advancements in Construction Technology and Materials

The Russian construction market has been influenced by technology. Building Information Modeling (BIM) has allowed for precise planning, resource allocation, and time reduction throughout the course of a project. Prefabrication and modular construction, and the use of sustainable, high performance materials are also being adopted to reduce the time and cost of projects and to meet sustainability aspirations. Eastern European renewable energy projects are having an influence on green building in Russia, improving energy efficiency and driving down costs while harmonizing building practices with international sustainability standards.

Request a sample of the full report here: https://www.imarcgroup.com/russia-construction-market/requestsample

Russia Construction Market Segmentation

Analysis by Sector

• Commercial Construction
• Residential Construction
• Industrial Construction
• Infrastructure (Transportation) Construction
• Energy and Utility Construction

Analysis by Region

• Central District
• Volga District
• Urals District
• Northwestern District
• Siberian District
• Others

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Russia Construction Market News

• April 2025: North Korea and Russia began constructing a new 850-meter car bridge across the Tumen River, valued at USD 111 million, to enhance trade and connectivity.
• March 2025: Rosatom initiated construction of the 1.2 GW Unit 8 at the Leningrad-II nuclear power plant near Saint Petersburg, scheduled for completion by 2032.
• January 2025: Unigreen Energy completed the 63 MW Krasinskaya solar power plant in Kalmykia, boosting the region’s renewable energy capacity.
• June 2024: Russia approved the construction of a high-speed railway between Moscow and St. Petersburg, one of the largest infrastructure projects in recent years.
• Ongoing: Regional governments continue to invest in urban redevelopment and modernization of Soviet-era structures to meet housing and infrastructure needs.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.