Office Building Construction in Hungary to 2015: Market Snapshot by WMIntelligence

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									Office Building Construction in Hungary
to 2015: Market Snapshot


Reference code: CN0085MS
Published: April 2011




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TABLE OF CONTENTS




TABLE OF CONTENTS

1      SECTOR OVERVIEW ............................................................................................................. 5
2      MARKET DATA ...................................................................................................................... 6
    2.1 Market Value 2006-10 ...................................................................................................................... 6
    2.2 Market Segmentation, By Category Type, 2010 ............................................................................... 7
    2.3 Market Value Forecast 2010-15 ....................................................................................................... 8
    2.4 Future Market Segmentation, By Category Type, 2015 .................................................................... 9
3      APPENDIX ............................................................................................................................ 10
    3.1 Research Methodology ...................................................................................................................10
    3.2 Definitions .......................................................................................................................................10
        3.2.1     Additional Notes ........................................................................................................................................ 10
    3.3 About World Market Intelligence......................................................................................................11




Office Building Construction in Hungary to 2015: Market Snapshot                                                                                        Published Apr 2011
© World Market Intelligence. This report is a licensed product and is not to be photocopied                                                                            Page 2
TABLE OF CONTENTS




LIST OF TABLES
Table 1: Office Building Construction in Hungary, Market Value (US$ m), 2006-10 .......................................................................6
Table 2: Office Building Construction in Hungary, Market Segmentation, By Category Type, 2010 ...............................................7
Table 3: Office Building Construction in Hungary, Market Value Forecast (US$ m), 2010-15 ........................................................8
Table 4: Office Building Construction in Hungary, Market Segmentation Forecast, By Category Type, 2015 ................................9




Office Building Construction in Hungary to 2015: Market Snapshot                                                                       Published Apr 2011
© World Market Intelligence. This report is a licensed product and is not to be photocopied                                                         Page 3
TABLE OF CONTENTS




LIST OF FIGURES
Figure 1: Office Building Construction in Hungary, Market Value (US$ m), 2006-10 ......................................................................6
Figure 2: Office Building Construction in Hungary, Market Segmentation, By Category Type, 2010 ..............................................7
Figure 3: Office Building Construction in Hungary, Market Value Forecast (US$ m), 2010-15 .......................................................8
Figure 4: Office Building Construction in Hungary, Market Segmentation Forecast, By Category Type, 2015 ...............................9




Office Building Construction in Hungary to 2015: Market Snapshot                                                                       Published Apr 2011
© World Market Intelligence. This report is a licensed product and is not to be photocopied                                                         Page 4
SECTOR OVERVIEW




1 SECTOR OVERVIEW
Following expansion at a negative compound annual growth rate (negative CAGR) of -5.58% between 2006-2010,
the office buildings in Hungary reached a value of US$276.4 million in 2010, which represented a decrease of -
18.7% on 2009. The market achieved its strongest performance in 2008 with a growth of 26.6% over its previous
year and its weakest performance was witnessed in 2009, when it fell to -27.2% over 2008.

In comparison, the fastest growing construction sector of the commercial construction market between 2006-10
was other commercial construction, which achieved a CAGR of 0.55%. The weakest performer was outdoor leisure
facilities, which observed a negative CAGR of -13.34%.

By 2010, the office buildings accounted for 25.6% of the commercial construction market. In comparison, other
commercial construction represented 29.4% share, while retail buildings generated a further 28.6% of the market's
2010 share.

Looking ahead, the office buildings is expected to expand at a CAGR of 3.26% between 2010-15, reaching a value
of US$324.5 million in 2015. This represents a decline of -6.7% from 2006 and 17.4% from 2010.

In comparison, the fastest growing construction sector of the commercial construction market between 2010-15 is
expected to be retail buildings, which is predicted to achieve a CAGR of 6.17%. The weakest performer is expected
to be outdoor leisure facilities, which is forecast to achieve a CAGR of 0.23%.

By 2015, the office buildings is forecast to account for 25.6% of the commercial construction market. In
comparison, retail buildings is predicted to account for 32.7%, while other commercial construction is expected to
generate a further 26.0% of the market's 2015 share.




Office Building Construction in Hungary to 2015: Market Snapshot                                       Published Apr 2011
© World Market Intelligence. This report is a licensed product and is not to be photocopied                       Page 5
MARKET DATA




2 MARKET DATA
2.1 Market Value 2006-10

       Office buildings sector in Hungary was valued at US$276.4 million in 2010, a decline of -18.7% on 2009. The
       sector observed a negative CAGR of -5.58% over the period 2006-10.


       Table 1: Office Building Construction in Hungary, Market Value (US$ m), 2006-10

       Year                                                                                            US$ Million                                 % Growth
       2006                                                                                                 347.8
       2007                                                                                          
								
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