Spain Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027
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Spain Construction Market Report Overview
The Spain construction market size was $171.2 billion in 2022. The market is projected to achieve an AAGR of more than 2% during 2024-2027. The growth of the market will be supported by the government’s aim to become carbon neutral by 2050.
Spain Construction Market Outlook, 2022-2027 ($ Billion)
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The Spain construction market research report provides detailed market analysis, information, and insights into the Spain 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 Spain 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) | $171.2 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 | · Actividades de Construccion y Servicios SA
· Acciona SA · Sacyr SA · Grupo Carso SA de CV · Rover Grupo |
Key Consultants | · Tecnica y Proyectos S.A.
· Impulsa Group · INECO · Ayesa · GEODATA SpA |
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Spain Construction Market Segmentation by Sectors
Residential construction was the leading sector in the Spain construction market in 2022.
The key sectors in the Spain construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
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 a rebound in tourism activities, coupled with investments in leisure and hospitality and retail buildings.
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 construction of semiconductor and battery manufacturing plants.
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 the government’s focus on developing transport infrastructure and enhancing regional connectivity.
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 investments in renewable energy, transmission lines, and telecommunication 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 increased investment by the government towards healthcare, education, and research and development sectors.
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 goal of mobilizing more than $10 billion for housing initiatives until 2025.
Spain Construction Market Analysis by Sectors, 2022 (%)
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Spain Construction Market - Competitive Landscape
Actividades de Construccion y Servicios SA led the Spain construction market in 2022.
Some of the leading contractors in the Spain construction market are:
- Actividades de Construccion y Servicios SA
- Acciona SA
- Sacyr SA
- Grupo Carso SA de CV
- Rover Grupo
Domestic contractors account for a majority share of the project pipeline in the Spain construction market.
Spain Construction Market Analysis by Contractors, 2022 (%)
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Some of the leading consultants in the Spain construction market are:
- Tecnica y Proyectos S.A.
- Impulsa Group
- INECO
- Ayesa
- GEODATA SpA
Tecnica y Proyectos S.A. led the market in 2022. Consultants with headquarters within Spain are involved in most of the project pipeline by value.
Spain Construction Market Analysis by Consultants, 2022 (%)
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Spain Construction Market – Latest Developments
- According to Eurostat, the value-add of the construction industry increased in Q2 2023.
- According to the INE, the construction production index grew by more than 13% YoY in May 2023.
Segments Covered in the Report
Spain 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 Spain.
- Historical and forecast valuations of the construction industry in Spain, 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 Spain construction market size in 2022?
The construction market size in Spain was $171.2 billion in 2022.
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What is the Spain construction market growth rate?
The construction market in Spain is projected to achieve an AAGR of more than 2% during 2024-2027.
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Which was the leading sector in the Spain construction market in 2022?
Residential construction was the leading sector in the Spain construction market in 2022.
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Which are the leading contractors in the Spain construction market?
Some of the leading contractors in the Spain construction market are Actividades de Construccion y Servicios SA, Acciona SA, Sacyr SA, Grupo Carso SA de CV, and Rover Grupo.
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Who are the leading consultants in the Spain construction market?
Some of the leading consultants in the Spain construction market are Tecnica y Proyectos S.A., Impulsa Group, INECO, Ayesa, and GEODATA SpA.
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