Ireland Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Ireland Construction Market Report Overview
The Ireland construction market size was $26.9 billion in 2023. The market will achieve an AAGR of more than 4% from 2025 to 2028. The growth is attributed to the increase of investments in transport, electricity, and housing infrastructure projects.
Ireland Construction Market Outlook, 2023-2028 ($ Billion)
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The Ireland 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 Ireland’s construction market growth in the coming years.
Market Size (2023) | $26.9 billion |
AAGR (2025-2028) | >4% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · M+W Group GmbH
· P.J. Hegarty & Sons UK Ltd · Sicon Limited. · SISK Group · John Cradock Ltd · Royal BAM Group NV · McKeon Group |
Key Consultants | · Arup Group Ltd
· CBRE Group Inc · AECOM · WSP Global Inc · Connor Sutton Cronin Consultant Engineers · Caisse des Depots et Consignations |
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Ireland Construction Market Segmentation by Sectors
Residential construction accounted for the highest share of the Ireland construction market in 2023
The key sectors in the Ireland 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 the commercial construction sector.
Infrastructure construction: Investments in road and rail infrastructure projects will support the growth of the infrastructure construction sector from 2025 to 2028.
Residential construction: The residential construction sector might witness a shrink in 2024, owing to weak investor confidence, amid rising interest rates and high construction material prices. However, the government’s policies will help boost the sector’s growth during the forecast period.
Energy and utilities construction: The Ireland government’s aim to develop renewable energy infrastructure will support the growth of the sector from 2025 to 2028.
Commercial construction: The commercial sector in Ireland will witness growth owing to investment in leisure and hospitality, retail, office, logistics, and warehouse building projects.
Industrial construction: Challenges in manufacturing activities and failing exports will result in marginal growth of the industrial sector in 2024. However, the industrial sector’s growth is expected to rebound significantly between 2025 and 2028.
Institutional construction: Investments in the health, education, and research sectors will drive institutional construction growth from 2025 to 2028.
Ireland Construction Market Analysis by Sectors, 2023 (%)
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Ireland Construction Market - Competitive Landscape
M+W Group GmbH as the leading contractor and Arup Group Ltd as the leading consultant in the Ireland construction market in 2023
A few of the leading contractors in the Ireland construction market are:
- M+W Group GmbH
- P.J. Hegarty & Sons UK Ltd
- Sicon Limited.
- SISK Group
- John Cradock Ltd
- Royal BAM Group NV
- McKeon Group
Ireland Construction Market Analysis by Contractors, 2023 (%)
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A few of the leading consultants in the Ireland construction market are:
- Arup Group Ltd
- CBRE Group Inc
- AECOM
- WSP Global Inc
- Connor Sutton Cronin Consultant Engineers
- Caisse des Depots et Consignations
Ireland Construction Market Analysis by Consultants, 2023 (%)
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Ireland Construction Market - Latest Developments
- According to the CSO, the Irish construction industry’s value add fell significantly in terms of YoY in Q3 2023.
- According to the CSO, the total number of planning permissions granted for construction grew by more than 1% YoY in Q3 2023.
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Segments Covered in the Report
Ireland 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 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
Table
Figures
Frequently asked questions
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What was the Ireland construction market size in 2023?
The construction market size in Ireland was $26.9 billion in 2023.
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What will the Ireland construction market growth rate be during the forecast period?
The Ireland construction market will achieve an AAGR of more than 4% from 2025 to 2028.
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Which was the leading sector in the Ireland construction market in 2023?
Residential construction was the leading sector in the Ireland construction market in 2023.
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Which are the leading contractors in the Ireland construction market?
The leading contractors in the Ireland construction market are M+W Group GmbH, P.J. Hegarty & Sons UK Ltd, Sicon Limited, SISK Group, John Cradock Ltd, Royal BAM Group NV, and McKeon Group among others.
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Which are the leading consultants in the Ireland construction market?
The leading consultants in the Ireland construction market are Arup Group Ltd, CBRE Group Inc, AECOM, WSP Global Inc, Connor Sutton Cronin Consultant Engineers, and Caisse des Depots et Consignations among others.
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