According to IBC Focus, a construction market research specialist, the construction industry experienced a 20% yearly growth in 2022, totalling 29,719 projects in the country Romania. The private residential segment accounted for 31.2% of all projects and marked a 17.3% increase from the previous year. The industrial segment followed closely behind, with a 15.33% share and 5,960 projects, compared to 5,347 in 2021. The hotel and recreation segment came in third place, with 4,615 projects, or an 11.87% share. Investments in infrastructure, which showed the fastest annual growth, came in at sixth place with 3,093 projects in 2022.
According to IBC Focus, a construction market research specialist, the construction industry experienced a 20% yearly growth in 2022, totalling 29,719 projects in the country Romania. This significant improvement in the sector compared to the previous year was due to the positive performance across all nine segments. IBC Focus’s Construct Intelligence 2022 analysis showed that infrastructure projects were the strongest performer in the construction sector, with a 63% yearly increase in project numbers. In contrast, in the 2021 analysis, three segments recorded decreases.
In terms of the overall project count, the private residential segment emerged as the leader with 12,149 investments made in 2022.The private residential segment accounted for 31.2% of all projects and marked a 17.3% increase from the previous year. The industrial segment followed closely behind, with a 15.33% share and 5,960 projects, compared to 5,347 in 2021. The hotel and recreation segment came in third place, with 4,615 projects, or an 11.87% share.
Investments in infrastructure, which showed the fastest annual growth, came in at sixth place with 3,093 projects in 2022. The medical and science segment recorded the lowest performance, with a 2.82% share, or 1,095 projects, followed by investments in utilities, totalling 2,262 projects and representing a 5.82% share. The counties of Cluj, Timis, and Bihor, along with the capital city of Bucharest, were the primary investment destinations for the construction sector, with only Cluj and Timis attracting over 2,000 projects.
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