Spain Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (Q3 2026)

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Published: September 03, 2026 Report Code: GDCN1926MR-ST

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The Spanish construction industry is expected to grow in real terms by 4.5% in 2026, supported by rising public and private sector investments in transport and energy infrastructure projects, coupled with rising manufacturing and export activities. According to Eurostat, the gross fixed capital formation in construction sector grew by 3.8% year-on-year (YoY) in the first half of 2026, following an overall annual growth of 5.2% in 2025. Construction output in 2026 will also be driven by rising tourism activity and increasing private investments in data center projects. Export activities act as a vital growth engine for Spain, accounting for over a third of its economic output driving industrial modernization and creating stable jobs in the country.

Over the remainder of the forecast period, the Spanish construction industry is expected to register an average annual growth of 3% from 2027 to 2030, supported by government’s investment in enhancing the country’s transport infrastructure, coupled with the ‘Mercancías 30’ (Freight 30) initiative, which aims to increase the rail freight's share of land transport from approximately 3.6% in 2021 to 10% by 2030, with an estimated investment of EUR6 billion ($7 billion). Furthermore, supporting the port transportation infrastructure, the Spanish government has approved the consolidated budget worth EUR1.6 billion ($1.8 billion) for the state-owned port system for 2027, which will expand and upgrade port capacity and enhance inland capacity by 2027. Forecast period growth will also be bolstered by the National Integrated Energy and Climate Plan (PNIEC), which aims to increase the share of electricity generated from renewable energy sources to 81% by 2030, up from 55.5% in 2025. Furthermore, under Spain’s Programa de Energías Renovables Innovadoras 2 (RENOINN 2) program, the Spanish Ministry of Ecological Transition (MITECO) has awarded EUR360 million ($417.1 million) in early August 2026, to support the development of 1.14GW of solar photovoltaic capacity co-located with battery energy storage systems (BESS) across the country.

GlobalData’s Construction in Spain – Key Trends and Opportunities to 2030 (Q3 2026) report provides detailed market analysis, information, and insights into the Spanish construction industry, including:
– The Spanish construction industry's growth prospects by market, project type and construction activity
– Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Spanish construction industry
– Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Spain. It provides:

– Historical (2021–2025) and forecast (2026–2030) valuations of the construction industry in Spain, featuring details of key growth drivers.

– Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) 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

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Formulate and validate business strategies 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

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

– Outlook

– Latest news and developments

– Construction Projects Momentum Index

4.2 Commercial Construction

– Outlook

– Project analytics

– Latest news and developments

4.3 Industrial Construction

– Outlook

– Project analytics

– Latest news and developments

4.4 Infrastructure Construction

– Outlook

– Project analytics

– Latest news and developments

4.5 Energy and Utilities Construction

– Outlook

– Project analytics

– Latest news and developments

4.6 Institutional Construction

– Outlook

– Project analytics

– Latest news and developments

4.7 Residential Construction

– Outlook

– Project analytics

– Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?

7.2 Definitions

7.3 CRI Methodology

About GlobalData

Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: Spain, Key Economic Indicators

Table 3: Spain, Construction Material Price Index (January 2021=100, % Change YoY)

Table 4: Spain, Commercial Construction Output by Project Type (Real % Change), 2021–30

Table 5: Spain, Top Commercial Construction Projects by Value

Table 6: Spain, Industrial Construction Output by Project Type (Real % Change), 2021–30

Table 7: Spain, Top Industrial Construction Projects by Value

Table 8: Spain, Infrastructure Construction Output by Project Type (Real % Change), 2021–30

Table 9: Spain, Top Infrastructure Construction Projects by Value

Table 10: Spain, Energy and Utilities Construction Output by Project Type (Real % Change), 2021–30

Table 11: Spain, Top Energy and Utilities Construction Projects by Value

Table 12: Spain, Institutional Construction Output by Project Type (Real % Change), 2021–30

Table 13: Spain, Top Institutional Construction Projects by Value

Table 14: Spain, Residential Construction Output by Project Type (Real % Change), 2021–30

Table 15: Spain, Top Residential Construction Projects by Value

Table 16: Spain, Key Contractors

Table 17: Spain, Key Consultants

Table 18: Spain Construction Output Value (Real, $ Million)

Table 19: Spain Construction Output Value (Nominal, EUR Million)

Table 20: GlobalData Construction Market Definitions

Table 21: GlobalData Construction Market Definitions

Table 22: Ratings, Scores and Definitions

Figures

Figure 1: Western Europe, Construction Output (Real % Change), 2024–30

Figure 2: Spain, Construction Output by Sector (Real % Change), 2024–26 and 2027–30

Figure 3: Spain, Risk Summary

Figure 4: Spain, Risk Regional Comparison

Figure 5: Spain, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021–30

Figure 6: Spain, Construction Output Value, by Sector (Real, $ Million), 2021–30

Figure 7: Spain, Construction Value-Add (EUR Million, 2020 Chain Linked Volume Prices)

Figure 8: Spain, Spain, Construction Production Index, 2021=100

Figure 9: Spain, Construction Cost Index, 2021=100

Figure 10: Spain, Gross Fixed Capital Formation in Construction Sector, 2020 Chain Linked Volume Measures (EUR Million)

Figure 11: Spain, Employment in the Construction Industry (In Thousands)

Figure 12: Spain, Building Permits – m2 of Useful Floor Area Index (2021=100)

Figure 13: Spain, Cement Price Index, January 2021=100

Figure 14: Spain, Harmonized Business Confidence Index, Q1 2013=100

Figure 15: Spain, Labor Cost Index for Construction, 2020=100

Figure 16: Spain, Construction Projects Momentum Index

Figure 17: Western Europe, Construction Projects Momentum Index

Figure 18: Spain, Commercial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 19: Spain, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 20: Spain, International Tourist Arrivals (In Thousands) and Spending by International Tourists (EUR Million)

Figure 21: Spain, Wholesale and Retail Trade Value-Add (EUR Million, 2020 Chain Linked Volume Prices)

Figure 22: Spain, Retail Turnover Index, Constant Prices, 2021=100

Figure 23: Spain, Industrial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 24: Spain, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 25: Spain, Manufacturing Value-Add (EUR Million, 2020 Chain Linked Volume Prices)

Figure 26: Spain, Industrial Production Index, 2021=100

Figure 27: Spain, Industrial New Orders, % Change YoY

Figure 28: Spain, Production and Export of Vehicles (Number)

Figure 29: Spain, Infrastructure Construction Output by Project Type (Real, $ Million), 2021–30

Figure 30: Spain, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 31: Spain, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021–30

Figure 32: Spain, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 33: Spain, Information and Communication Value-Add (EUR Million, 2020 Chain Linked Volume Prices)

Figure 34: Spain, Institutional Construction Output by Project Type (Real, $ Million), 2021–30

Figure 35: Spain, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 36: Spain, Public Administration, Defense, Education, Human Health and Social Work Activities Value-Add (EUR Million, 2020 Chain Linked Volume Prices)

Figure 37: Spain, Residential Construction Output by Project Type (Real, $ Million), 2021–30

Figure 38: Spain, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 39: Spain, Real Estate Value-Add (EUR Million, 2020 Chain Linked Volume Prices)

Figure 40: Spain, Gross Fixed Capital Formation for Dwellings (EUR Million, 2015 Chain Linked Volume Prices)

Figure 41: Spain, House Price Index, 2025=100

Figure 42: Spain, Housing Sales (in Number)

Figure 43: Spain, Construction Producer Price Index for New Residential Buildings, 2021=100

Figure 44: Spain, Average Value of Residential Mortgage (EUR Million)

Figure 45: Spain, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 46: Spain, Headquarters of Key Consultants (% of Total Project Pipeline)

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