Greece Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Greece Construction Market Report Overview
The Greece construction market size was $12.4 billion in 2023. The market will achieve an AAGR of more than 1% during 2025-2028. The growth is attributed to the increase in investments in transport and renewable energy infrastructure, with improvements in the electric vehicle market.
Greece Construction Market Outlook, 2023-2028 ($ Billion)
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The Greece construction market research report offers a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence Greece’s construction market growth in the coming years.
Market Size (2023) | $12.4 billion |
AAGR (2025-2028) | >1% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2023 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Intrakat SA
· Ellaktor SA · Nexans SA · GEK TERNA Group of Companies · Public Power Corporation SA |
Key Consultants | · LDK Consultants
· Intrakat SA · Denco SA · DROMOS Consulting · Arup Group Ltd |
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Greece Construction Market Segmentation by Sectors
Residential construction accounted for the highest share of the Greece construction market in 2023
The key sectors in the Greece construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2023, the residential construction sector accounted for the highest market share, followed by infrastructure construction.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The government’s investment in developing transport infrastructure during the forecast period will support the sector’s growth.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The residential construction industry is expected to recover supported by a rise in FDI in real estate, and number of dwelling permits issued.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. It is expected to expand supported by investments in renewable energy, oil, and telecommunications infrastructure projects.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The increase in investments in the tourism sector and retail sector will drive the commercial sector’s growth over the forecast period.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The improvement in foreign direct investment (FDI) in the country, coupled with improvement in industrial and manufacturing activities will drive the sector’s growth.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Factors such as investments in healthcare projects as well as education and research projects will fuel the growth of this sector in the coming years.
Greece Construction Market Analysis by Sectors, 2023 (%)
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Greece Construction Market - Competitive Landscape
Intrakat SA emerged as the leading contractor and LDK Consultants as the leading consultant in the Greece construction market in 2023
A few of the leading contractors in the Greece construction market are:
- Intrakat SA
- Ellaktor SA
- Nexans SA
- GEK TERNA Group of Companies
- Public Power Corporation SA
Domestic contractors account for a majority share of the project pipeline for which a contract has been awarded, as they are involved in the pipeline by value in Greece.
Greece Construction Market Analysis by Contractors, 2023 (%)
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A few of the leading consultants in the Greece construction market are:
- LDK Consultants
- Intrakat SA
- Denco SA
- DROMOS Consulting
- Arup Group Ltd
Consultants headquartered in Greece are involved in the overall project pipeline by value, featuring only projects for which a consultant has been appointed.
Greece Construction Market Analysis by Consultants, 2023 (%)
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Greece Construction Market - Latest Developments
- The government aims to increase the share of renewable energy in the total energy mix to 35% by 2030. Addition to this, the investment in energy-efficient renovation of buildings, as part of Greece’s recovery and resilience plan will support the residential sector’s output in the coming period.
- The industry will be higher than the pre-pandemic levels, before recording an annual average growth of 3.4% during 2026-2028.
Segments Covered in the Report
Greece Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in Greece.
- Historical and forecast valuations of the construction industry in Greece, featuring details of key growth drivers.
- Segmentation by sector and by sub-sector.
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants.
Reasons to Buy
- Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData’s critical and actionable insight.
- Assess business risks, including cost, regulatory, and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
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Figures
Frequently asked questions
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What was the Greece construction market size in 2023?
The construction market size in Greece was $12.4 billion in 2023.
-
What will the Greece construction market growth rate be during the forecast period?
The construction market in Greece is projected to achieve an AAGR of more than 1% during 2025-2028.
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Which was the leading sector in the Greece construction market in 2023?
Residential construction accounted for the highest share of the Greece construction market in 2023.
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Which are the leading contractors in the Greece construction market?
The leading contractors in the Greece construction market are Intrakat SA, Ellaktor SA, Nexans SA, GEK TERNA Group of Companies and Public Power Corporation SA among others.
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Which are the leading consultants in the Greece construction market?
The leading consultants in the Greece construction market are LDK Consultants, Intrakat SA, Denco SA, DROMOS Consulting and Arup Group Ltd among others.
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