Construction in Hungary - Key Trends and Opportunities to 2018

Published: May, 2014 | Pages: 63 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This report provides detailed market analysis, information and insights into the Hungarian construction industry including:
The Hungarian construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type within the Hungary
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Hungarian construction industry
Profiles of the leading operators in the Hungarian construction industry.
Data highlights of the largest construction projects in Hungary 

Summary
The Hungarian construction industry recorded a CAGR of -2.44% during the review period (2009-2013). The outlook for construction is favorable, as a result of increased investment in the industry. According to the Hungarian Central Statistical Office (KSH), investment in the construction industry increased by 17.2% in 2013 over 2012, whereas the volume of construction output was 9.6% higher than in 2012. The number of contracts signed by construction companies also rose by 29.5% in 2013 over 2012. In 2013 Hungary's central bank decided to expand its subsidized and low-priced loans to finance real estate construction. As a result of increased investment and the availability of loans at low prices, the construction industry's output is expected to record a CAGR of 4.42% over the forecast period. 
Scope
This report provides a comprehensive analysis of the construction industry in Hungary. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Hungary using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Hungary 
Reason To Buy
 Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors 
Key Highlights
 After a decline during the review period due to the financial crisis, the construction industry is expected to recover over the forecast period, as a result of improved economic conditions and increased investment in construction. According to Hungarian Central Statistical Office (Kozponti Statisztikai Hivatal - KSH), construction output in 2013 was 9.6% higher than in 2012. In 2013, the construction of buildings increased by 10.4%, whereas the construction of civil engineering works increased by 8.6% over 2012. The number of new buildings permits issued in 2013 for residential buildings was 4,467, whereas for non-residential buildings it was 5,330. The industry's value add increased by 7.4% in real terms and by 12.2% in nominal terms. 
Hungary is a leading European destination for medical tourism. The average price of medical treatment in Hungary is 40-70% less than in the US or other European and Scandinavian countries. Dental tourism is a successful industry due to its highly advanced technology and low treatment cost. The number of medical tourist arrivals is expected to increase due to the government's initiative to promote health tourism, and easy access by its low-cost carrier services. Health tourism is likely to grow over the forecast period, which will support growth in the healthcare buildings category. 
The European Investment Bank (EIB) granted a loan of EUR250 million (US$325 million) to enhance the railway network in the country. This financial support will be provided for 2013-2016 and includes the upgrade of railway infrastructure with an aim to improve its safety, capacity and performance. The financial aid from the EIB will support the growth of the rail infrastructure category over the forecast period. 
According to the KSH, the manufacturing output volume in 2013 increased by 2.0% over 2012. Manufacturing exports increased by 3.7% in 2013, compared with 2012. Transport equipment exports contributed to one-third of the total manufacturing export in 2013, resulting in an increase of 18.4% over 2012. The positive outlook for the manufacturing industry, due to an increase in the number of manufacturing orders and the rising export demand, will support the growth of the manufacturing plants category over the forecast period. 
Growth in the outdoor leisure facilities category will be driven by various investments for the construction of stadiums in the country. The government will grant HUF3.5 billion (US$15.9 million) for two years for works on the DVTK Stadium at Miskolc to increase its capacity to 15,000 people. A grant of HUF9.3 billion (US$42.2 million) will be provided for the stadium at Szombathely, to increase its capacity to 10,000, and a grant of HUF9 billion (US$40.9 million) over two years will be provided for the stadium at Szekesfehervar, with a capacity to hold 14,000 people. In the 2014 budget, the government allocated HUF12 billion (US$54.5 million) for the National Stadium Development Program.

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: Szabadics Kozm? - es Melyepit? Zrt.
8.1 Szabadics Kozm? - es Melyepit? Zrt. - Company Overview
8.2 Szabadics Kozm? - es Melyepit? Zrt. - Main Services
8.3 Szabadics Kozm? - es Melyepit? Zrt. - Company Information
8.3.1 Szabadics Kozm? - es Melyepit? Zrt. - key competitors
8.3.2 Szabadics Kozm? - es Melyepit? Zrt. - key employees
9 Company Profile: Strabag Magyarorszag
9.1 Strabag Magyarorszag - Company Overview
9.2 Strabag Magyarorszag - Main Services
9.3 Strabag Magyarorszag - Company Information
9.3.1 Strabag Magyarorszag - key competitors
9.3.2 Strabag Magyarorszag - key employees
10 Company Profile: Hunep Universal epit?ipari Zrt.
10.1 Hunep Universal epit?ipari Zrt. - Company Overview
10.2 Hunep Universal epit?ipari Zrt. - Main Services
10.3 Hunep Universal epit?ipari Zrt. - Company Information
10.3.1 Hunep Universal epit?ipari Zrt. - key competitors
10.3.2 Hunep Universal epit?ipari Zrt. - key employees
11 Company Profile: BIS Hungary Kft.
11.1 BIS Hungary Kft. - Company Overview
11.2 BIS Hungary Kft. - Main Services
11.3 BIS Hungary Kft. - Company Information
11.3.1 BIS Hungary Kft. - key competitors
11.3.2 BIS Hungary Kft. - key employees
12 Company Profile: F?mterv Mernoki Tervez? Zrt.
12.1 F?mterv Mernoki Tervez? Zrt. - Company Overview
12.2 F?mterv Mernoki Tervez? Zrt. - Main Services
12.3 F?mterv Mernoki Tervez? Zrt. - Company Information
12.3.1 F?mterv Mernoki Tervez? Zrt. - key competitors
12.3.2 F?mterv Mernoki Tervez? Zrt. - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is This Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - Echo - Mundo Shopping and Entertainment Center - Hungary
Table 3: Commercial Construction Project 2 - DoS - Budapest tiol Stadium and Olympic Sports Park - Hungary
Table 4: Commercial Construction Project 3 - ECE - obuda-Aquincum Center Shopping Mall - Hungary
Table 5: Industrial Construction Project 1 - Hankook - Racalmas Tire Manufacturing Plant Expansion - Hungary
Table 6: Industrial Construction Project 2 - BRDCY - Tatabanya Tyre Plant Expansion - Central Transdanubian
Table 7: Industrial Construction Project 3 - TVK - Tiszaujvaros Butadiene Plant - Borsod-Abauj-Zemplen
Table 8: Infrastructure Construction Project 1 - MTR/MND - Budapest to Constanta High-Speed Rail Link - Hungary
Table 9: Infrastructure Construction Project 2 - NIF - M86 Szeleste to Csor Expressway - Hungary
Table 10: Infrastructure Construction Project 3 - MAV - Gy?r-Gony? to Zahony Railway Line - Hungary
Table 11: Institutiol Construction Project 1 - MOME - Budapest Moholy-gy University of Art and Design Campus Expansion - Hungary
Table 12: Institutiol Construction Project 2 - OBO - Budapest US Embassy - Hungary
Table 13: Szabadics Kozm? - es Melyepit? Zrt., Key Facts
Table 14: Szabadics Kozm? - es Melyepit? Zrt., Main Services
Table 15: Szabadics Kozm? - es Melyepit? Zrt., Key Employees
Table 16: Strabag Magyarorszag, Key Facts
Table 17: Strabag Magyarorszag, Main Services
Table 18: PT. Strabag Magyarorszag, Key Employees
Table 19: Hunep Universal epit?ipari Zrt., Key Facts
Table 20: Hunep Universal epit?ipari Zrt., Main Services
Table 21: Hunep Universal epit?ipari Zrt., Key Employees
Table 22: BIS Hungary Kft., Key Facts
Table 23: BIS Hungary Kft., Main Services
Table 24: BIS Hungary Kft., Key Employees
Table 25: F?mterv Mernoki Tervez? Zrt., Key Facts
Table 26: F?mterv Mernoki Tervez? Zrt., Main Services
Table 27: F?mterv Mernoki Tervez? Zrt., Key Employees
Table 28: Hungarian Construction Output by Project Type (HUF Million), 2009-2013
Table 29: Hungarian Construction Output by Project Type (HUF Million), 2013-2018
Table 30: Hungarian Construction Output by Cost Type (HUF Million), 2009-2013
Table 31: Hungarian Construction Output by Cost Type (HUF Million), 2013-2018
Table 32: Hungarian Construction Output by Activity Type (HUF Million), 2009-2013
Table 33: Hungarian Construction Output by Activity Type (HUF Million), 2013-2018
Table 34: Hungarian Construction Value Add by Project Type (HUF Million), 2009-2013
Table 35: Hungarian Construction Value Add by Project Type (HUF Million), 2013-2018
Table 36: Hungarian Commercial Construction Output by Project Type (HUF Million), 2009-2013
Table 37: Hungarian Commercial Construction Output by Project Type (HUF Million), 2013-2018
Table 38: Hungarian Commercial Construction Output by Cost Type (HUF Million), 2009-2013
Table 39: Hungarian Commercial Construction Output by Cost Type (HUF Million), 2013-2018
Table 40: Hungarian Commercial Construction Output by Activity Type (HUF Million), 2009-2013
Table 41: Hungarian Commercial Construction Output by Activity Type (HUF Million), 2013-2018
Table 42: Hungarian Commercial Construction Value Add by Project Type (HUF Million), 2009-2013
Table 43: Hungarian Commercial Construction Value Add by Project Type (HUF Million), 2013-2018
Table 44: Hungarian Industrial Construction Output by Project Type (HUF Million), 2009-2013
Table 45: Hungarian Industrial Construction Output by Project Type (HUF Million), 2013-2018
Table 46: Hungarian Industrial Construction Output by Cost Type (HUF Million), 2009-2013
Table 47: Hungarian Industrial Construction Output by Cost Type (HUF Million), 2013-2018
Table 48: Hungarian Industrial Construction Output by Activity Type (HUF Million), 2009-2013
Table 49: Hungarian Industrial Construction Output by Activity Type (HUF Million), 2013-2018
Table 50: Hungarian Industrial Construction Value Add by Project Type (HUF Million), 2009-2013
Table 51: Hungarian Industrial Construction Value Add by Project Type (HUF Million), 2013-2018
Table 52: Hungarian Infrastructure Construction Output by Project Type (HUF Million), 2009-2013
Table 53: Hungarian Infrastructure Construction Output by Project Type (HUF Million), 2013-2018
Table 54: Hungarian Infrastructure Construction Output by Cost Type (HUF Million), 2009-2013
Table 55: Hungarian Infrastructure Construction Output by Cost Type (HUF Million), 2013-2018
Table 56: Hungarian Infrastructure Construction Output by Activity Type (HUF Million), 2009-2013
Table 57: Hungarian Infrastructure Construction Output by Activity Type (HUF Million), 2013-2018
Table 58: Hungarian Infrastructure Construction Value Add by Project Type (HUF Million), 2009-2013
Table 59: Hungarian Infrastructure Construction Value Add by Project Type (HUF Million), 2013-2018
Table 60: Hungarian Institutiol Construction Output by Project Type (HUF Million), 2009-2013
Table 61: Hungarian Institutiol Construction Output by Project Type (HUF Million), 2013-2018
Table 62: Hungarian Institutiol Construction Output by Cost Type (HUF Million), 2009-2013
Table 63: Hungarian Institutiol Construction Output by Cost Type (HUF Million), 2013-2018
Table 64: Hungarian Institutiol Construction Output by Activity Type (HUF Million), 2009-2013
Table 65: Hungarian Institutiol Construction Output by Activity Type (HUF Million), 2013-2018
Table 66: Hungarian Institutiol Construction Value Add by Project Type (HUF Million), 2009-2013
Table 67: Hungarian Institutiol Construction Value Add by Project Type (HUF Million), 2013-2018
Table 68: Hungarian Residential Construction Output by Project Type (HUF Million), 2009-2013
Table 69: Hungarian Residential Construction Output by Project Type (HUF Million), 2013-2018
Table 70: Hungarian Residential Construction Output by Cost Type (HUF Million), 2009-2013
Table 71: Hungarian Residential Construction Output by Cost Type (HUF Million), 2013-2018
Table 72: Hungarian Residential Construction Output by Activity Type (HUF Million), 2009-2013
Table 73: Hungarian Residential Construction Output by Activity Type (HUF Million), 2013-2018
Table 74: Hungarian Residential Construction Value Add by Project Type (HUF Million), 2009-2013
Table 75: Hungarian Residential Construction Value Add by Project Type (HUF Million), 2013-2018
Table 76: Timetric Construction Market Definitions