Ireland Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Ireland Construction Market Report Overview
The Ireland construction market size was $26.2 billion in 2022. The market is projected to achieve an AAGR of more than 2% during 2024-2027 supported by investments in transport and energy infrastructure projects.
Ireland Construction Market Outlook, 2022-2027 ($ Billion)
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The Ireland construction market research report provides detailed market analysis, information, and insights into the Ireland construction industry, including the industry’s growth prospects by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Ireland construction industry. It also provides an analysis of the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report discusses the sectors in the construction market and provides an overview of each sector along with their driving factors.
Market Size (2022) | $26.2 billion |
AAGR (2024-2027) | >2% |
Forecast Period | 2023-2027 |
Historical Period | 2018-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · SISK Group
· P.J. Hegarty & Sons UK Ltd · Royal BAM Group NV · John Cradock Ltd · McKeon Group · Siemens Energy AG |
Key Consultants | · Arup Group Ltd
· AECOM · Egis Group · SNC-Lavalin Group Inc · Jacobs Engineering Group Inc · Henry J Lyons Architects |
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Ireland Construction Market Segmentation by Sectors
Residential construction was the leading sector in the Ireland construction market in 2022.
The key sectors in the Ireland construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The market growth will be supported by the government’s Housing for All policy, aimed to meeting the demand for need an average of 33,000 new homes each year from 2021 to 2030.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The growth of the sector over the forecast period will be supported by investments in road and rail infrastructure projects.
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 growth of the sector will be supported by investments in the manufacturing sector.
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 growth of the sector over the forecast period will be supported by investment in leisure and hospitality, retail, office, logistic and warehouse building projects.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Forecast-period growth in the institutional construction sector will be supported by investments in the health, education, and research sectors.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The growth of the sector over the forecast period will be supported by the government’s aim to develop renewable energy infrastructure.
Ireland Construction Market Analysis by Sectors, 2022 (%)
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Ireland Construction Market - Competitive Landscape
SISK Group led the Ireland construction market in 2022.
Some of the leading contractors in the Ireland construction market are:
- SISK Group
- J. Hegarty & Sons UK Ltd
- Royal BAM Group NV
- John Cradock Ltd
- McKeon Group
- Siemens Energy AG
Foreign contractors account for a majority share of the project pipeline in the Ireland construction market. Germany-based firms are the dominant foreign contractors, being involved in majority of the projects.
Ireland Construction Market Analysis by Contractors, 2022 (%)
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Some of the leading consultants in the Ireland construction market are:
- Arup Group Ltd
- AECOM
- Egis Group
- SNC-Lavalin Group Inc
- Jacobs Engineering Group Inc
- Henry J Lyons Architects
Arup Group Ltd led the market in 2022. Consultants with headquarters in Ireland are involved in most of the project pipeline by value. UK-based firms are majorly involved in the key projects.
Ireland Construction Market Analysis by Consultants, 2022 (%)
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Ireland Construction Market – Latest Developments
- In April 2023, the government agreed to provide extra measures under the “Housing for All” Plan, to reduce the cost of building and refurbishing homes, and accelerate home building.
- In June 2023, the Bank of Ireland raised EUR750 million ($765.9 million) through its second green bond issuance of the year, to fund sustainable projects.
Segments Covered in the Report
Ireland Construction Sectors Outlook (Value, $ Billion, 2018-2027)
- 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 Ireland.
- Historical and forecast valuations of the construction industry in Ireland, 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
Frequently asked questions
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What was the Ireland construction market size in 2022?
The construction market size in Ireland was $26.2 billion in 2022.
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What is the Ireland construction market growth rate?
The construction market in Ireland is projected to achieve an AAGR of more than 2% during 2024-2027.
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Which was the leading sector in the Ireland construction market in 2022?
Residential construction was the leading sector in the Ireland construction market in 2022.
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Which are the leading contractors in the Ireland construction market?
Some of the leading contractors in the Ireland construction market are SISK Group, P.J. Hegarty & Sons UK Ltd, Royal BAM Group NV, John Cradock Ltd, McKeon Group, and Siemens Energy AG among others.
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Who are the leading consultants in the Ireland construction market?
Some of the leading consultants in the Ireland construction market are Arup Group Ltd, AECOM, Egis Group, SNC-Lavalin Group Inc, Jacobs Engineering Group Inc, and Henry J Lyons Architects among others.
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