Market Forecast By Product type (Construction aggregates, Concrete bricks, Cement, Construction metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC016719 | Publication Date: Oct 2020 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Hungary Construction Materials market currently, in 2023, has witnessed an HHI of 1702, Which has decreased slightly as compared to the HHI of 2228 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Hungary Construction Materials Market report thoroughly covers the market by application and by product type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Hungary Construction Materials Market is likely to grow at a considerable rate in the country with the housing units, public facilities, and commercial buildings demand has been increasing, driven by rapid urbanization and high population growth. The Hungarian construction materials market has experienced massive growth over the recent years. The use of modern and quality construction materials is essential to ensure the durability and safety of the infrastructure. Hungary is a nation that boasts a progressive and rapidly-growing construction industry.
According to 6Wresearch, the Hungary Construction Materials Market size is projected to grow at a CAGR of 7.3% during the forecast period 2025-2031. The market growth is influenced by the rising government's investments in the construction of infrastructure development, which includes highways, railways, and bridges, have created a positive impact on the construction material’s demand. Furthermore, the Hungarian government has been promoting the uptake of renewable energy and investment in eco-friendly materials for construction by extending tax incentives. On the other hand, the industry has certain challenges, including the impact of the COVID-19 pandemic and the lack of skilled labor, several factors are contributing to the growth of the Hungarian construction materials market.
Despite these challenges, market is still growing rapidly in the country owing to the high-quality construction process, along with durability and sustainability, these aspects have boosted the environmental-friendly construction materials demand. Additionally, modular construction is gaining traction, as it is quicker and cheaper to implement. Additionally, there is a shift towards prefabrication of construction materials that limit waste and require less labor is estimated to augment the Hungary Construction Materials Market growth.
The Hungarian government has launched several supportive policies & programmes aimed at promoting the growth of the Hungary Construction Materials industry. They include providing financial incentives for energy-efficient construction, promoting investments in green buildings, and improving the regulatory framework for the licensing of construction projects. The government also encourages foreign investments in the construction sector by providing various tax incentives and other investment-friendly regulations.
The Hungarian construction materials market, like other markets, has a spectrum range of players in the supply chain. Some of the leading players include Baumit, Wienerberger, Kemaqua, Rockwool, and Tondach. Baumit, an Austrian-owned firm, is the leading manufacturer of plaster, facade, and insulation system solutions. Wienerberger is the largest brick producer in Hungary an
According to Dhaval, Research Manager, 6Wresearch, it is difficult to say which is leading in the market as all four construction materials include construction aggregates, concrete bricks, cement, and construction metals are being used due to their unique qualities.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Hungary Construction Materials Market Overview |
3.1 Hungary Country Macro Economic Indicators |
3.2 Hungary Construction Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Hungary Construction Materials Market - Industry Life Cycle |
3.4 Hungary Construction Materials Market - Porter's Five Forces |
3.5 Hungary Construction Materials Market Revenues & Volume Share, By Product type 2021 & 2031F |
3.6 Hungary Construction Materials Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Hungary Construction Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Hungary Construction Materials Market Trends |
6 Hungary Construction Materials Market, By Types |
6.1 Hungary Construction Materials Market, By Product type |
6.1.1 Overview and Analysis |
6.1.2 Hungary Construction Materials Market Revenues & Volume, By Product type 2021 - 2031F |
6.1.3 Hungary Construction Materials Market Revenues & Volume, By Construction aggregates, 2021 - 2031F |
6.1.4 Hungary Construction Materials Market Revenues & Volume, By Concrete bricks, 2021 - 2031F |
6.1.5 Hungary Construction Materials Market Revenues & Volume, By Cement, 2021 - 2031F |
6.1.6 Hungary Construction Materials Market Revenues & Volume, By Construction metals, 2021 - 2031F |
6.2 Hungary Construction Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Hungary Construction Materials Market Revenues & Volume, By Residential, 2021 - 2031F |
6.2.3 Hungary Construction Materials Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.2.4 Hungary Construction Materials Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Hungary Construction Materials Market Import-Export Trade Statistics |
7.1 Hungary Construction Materials Market Export to Major Countries |
7.2 Hungary Construction Materials Market Imports from Major Countries |
8 Hungary Construction Materials Market Key Performance Indicators |
9 Hungary Construction Materials Market - Opportunity Assessment |
9.1 Hungary Construction Materials Market Opportunity Assessment, By Product type 2021 & 2031F |
9.2 Hungary Construction Materials Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Hungary Construction Materials Market - Competitive Landscape |
10.1 Hungary Construction Materials Market Revenue Share, By Companies, 2024 |
10.2 Hungary Construction Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |