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The Hungarian infrastructure and construction market is expected to grow at a CAGR of 4.2% from 2023 to 2027, reaching a value of USD 22.4 billion by 2027. This growth is being driven by a number of factors, including government investment in infrastructure projects, rising urbanization, and increasing demand for residential and commercial real estate.
The Hungarian government is a major buyer of infrastructure and construction products and services. In 2022, the government procured EUR 5.4 billion of infrastructure and construction goods and services. This represented 10% of the total Hungarian public procurement market.
The main infrastructure and construction products and services procured by the Hungarian government include:
Construction of roads, bridges, and other transportation infrastructure: The Hungarian government is investing heavily in the construction of new roads, bridges, and other transportation infrastructure. This is in order to improve the country's transportation network and reduce traffic congestion.
Construction of buildings, including residential, commercial, and public buildings: The Hungarian government is also investing in the construction of new buildings, including residential, commercial, and public buildings. This is in order to meet the growing demand for housing and office space.
Renovation and maintenance of existing infrastructure: The Hungarian government is also investing in the renovation and maintenance of existing infrastructure. This is in order to extend the lifespan of existing infrastructure and improve its safety and efficiency.
Engineering and design services: The Hungarian government also procures engineering and design services for infrastructure projects.
Construction equipment and materials: The Hungarian government also procures construction equipment and materials for infrastructure projects.
The top authorities for Hungary infrastructure and construction procurement are:
National Development Agency (NFA)
Hungarian Road Construction Authority (NÚK)
Hungarian Railways (MÁV)
The top winners of Hungary infrastructure and construction procurement are:
Strabag AG
WIG
PORR AG
Építők Zrt.
Duna Aszfalt Kft.
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