Business Monitor International


Hungary Infrastructure Report

Published 27 February 2014

  • 73 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Hungary Infrastructure Report

BMI View : We have revised up our growth estimate for Hungary's construction sector in 2013 to 5.9%, from 3.5% previously, on the back of positive Q113-Q313 data published by the Hungarian statistical authorities. Although some of this can be attributed to low base effects, we believe a recovery has taken hold following a challenging few years for the sector. Over the coming quarters we expect the sector to benefit from an improving macroeconomic picture, returning consumer confidence and a tentative recovery in the banking sector. W e also highlight the energy sector as a likely outperformer, with developments in the nuclear sector posing major upside risks to our longer - term forecasts.

We expect growth over the next few years to be subdued and we are forecasting average industry growth of 2.0% between 2014 and 2018, with the country's weak business environment remaining a key drag on industry growth. Persistent weakness in the residential and non-residential sectors will also weigh on the wider sector's growth prospects.

Key Trends And Developments

  • There has been a pick-up in construction activity in Hungary during the past few quarters, driven primarily by government efforts to use funds, allocated by the EU, for infrastructure development. The country risked losing the funding if it were not used before end-2013 and the start of the new funding cycle. This drive has been reflected in improving quarterly growth numbers for the construction sector, which saw real terms year-on-year increases of 5.8% and 7.2% in Q213 and Q313 respectively. One project to go ahead is the modernisation of infrastructure around Lake Balaton (a popular tourist resort) - announced by the Hungarian national rail company MAV in October 2013 - which will include the upgrading of the line running between Szekesfehervar and the Croatian border.

  • The biggest developments in Hungary's construction sector in recent months have been in the energy sector. By far the most...

Table of Contents

BMI Industry View
7
SWOT
9
Infrastructure SWOT
9
Industry Forecast
11
Construction And Infrastructure Forecast Scenario
11
Table: Hungary Construction And Infrastructure Industry Data, 2012-2017
11
Table: Hungary Construction And Infrastructure Industry Data, 2018-2023
12
Transport Infrastructure - Outlook And Overview
17
Table: Hungary Transport Infrastructure Industry Data, 2012-2017
17
Table: Hungary Transport Infrastructure Industry Data, 2018-2023
19
Table: Major Projects - Transport
24
Energy And Utilities Infrastructure - Outlook And Overview
27
Table: Energy And Utilities Infrastructure Industry Data, 2012-2017
27
Table: Hungary Energy And Utilities Infrastructure Industry Data, 2018-2023
28
Table: Major Projects - Energy And Utilities
34
Residential/NonResidential Building - Outlook And Overview
37
Table: Hungary Residential And Non-residential Building Industry Data, 2012-2017
37
Table: Hungary Residential and Non-residential Building Industry Data, 2018-2023
38
Table: Major Projects - Residential, Non-Residential Construction And Social Infrastructure
40
Industry Risk Reward Ratings
41
Hungary - Infrastructure Risk/Reward Ratings
41
Rewards
41
Risks
41
CEE - Infrastructure Risk/Reward Ratings
42
Table: Central And Eastern Europe Risk Reward Ratings
48
Market Overview
49
Competitive Landscape
49
Table: EQS Data
49
Company Profile
51
Strabag Hungary
51
Vegyepszer
56
K-SZ Building & Construction
58
Global Infrastructure Overview
60
Africa In 2014: PPPs Cement Global Appeal
60
Asia-Pacific In 2014: Shaping Up To Be A Benign Year
65
Latin America In 2014: A Prosperous Year For Infrastructure Development
72
MENA In 2014: Reaping Rewards Despite Risks
76
North America And Europe In 2014: Turning A Corner
81
Methodology
88
Industry Forecast Methodology
88
Sector-Specific Methodology
89
Risk/Reward Rating Methodology
93
Sector-Specific Methodology
94
Table: Infrastructure Risk/Reward Rating Indicators
94
Table: Weighting Of Indicators
95

The Hungary Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Hungary Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Hungarian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Hungary to test other views - a key input for successful budgetary and planning in the Hungarian infrastructure market.
  • Target business opportunities and risks in the Hungarian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Hungary.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Ratings

BMI's Infrastructure Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc