call Toll Free (US/Canada): +1 866 658 6826 | call+1 425 320 4776 | call (UK): +44 1865 60 0662 | call (Ind): +91 9096278110 | email info(@)blueweaveconsulting.com
Home | About Us | Career | Services | Blog | Contact Us
Blueweave
Europe Construction Market
Inquire Before Buying Request for Sample

Europe Construction Market

Home Building And Construction Europe Construction Market

Europe Construction Market - By Residential Buildings and Single Units (Apartments/Flats, Detached Houses, Semi-Detached, Others); By End Use (Residential, Healthcare, Hospitality, Others); By Country (Germany, UK, Italy, France, Spain, Netherlands, Rest of Europe), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: February 2023
  • Report ID: BWC23143
  • Available Format: PDF
  • Page: 250

Report Overview

Expanding efforts to build new infrastructure as well as the increased modernization and refurbishment of existing structures to improve their energy efficiency and statewide urban redevelopment projects Türkiye and Ukraine are expected to boost the growth of Europe Construction Market during the forecast period between 2023 and 2029.

Europe Construction Market - Industry Trends & Forecast Report, 2029

Europe construction market size was estimated at USD 3,088.81 billion in 2022. During the forecast period between 2023 and 2029, Europe construction market size is projected to grow at a CAGR of 3.62% reaching a value of USD 3,951.1 billion by 2029. The major factors driving the growth of Europe construction market are increasing demand for housing in metropolitan areas, the expansion of infrastructure projects and the increased modernization and repair of structures to improve their energy efficiency are all factors contributing to the expansion of the construction sector in Europe. Construction of commercial infrastructure, including offices, schools, hotels, restaurants, and recreational facilities, among others, is booming as a result of the area's strong economic growth. Governments' implementation of several beneficial policies and investments to improve housing infrastructure and provide housing for the most disadvantaged groups is promoting the expansion of the European building market.

Europe Construction Market Size

Europe Construction Market - Overview

Construction includes building new buildings, roads, residences, railroads, and other structures, as well as renovating or repairing existing ones. It also involves several procedures like planning, financing, and developing the assets so that they are used. The physical and technological foundations upon which modern civilization grew were laid by the construction sector, which plays a key role in the economic development of an area. Also, the rise in eco-awareness is hastening the creation of energy-efficient, net-zero structures. Aerial lifts, backhoe loaders, cranes, excavators, and welders are just a few of the various tools and equipment used in the construction industry.

Growth Drivers

Rapid Urbanization and Increasing investments in Sustainable Infrastructure

Cities are becoming more populated, and domestic manufacturing is on the rise. Strong increase is being seen in the residential sector, particularly in the single-family construction sector. The non-residential building business has also seen growth throughout history, which has helped the Europe construction market grow even more. The modernization of transportation infrastructure is assisting market expansion as well.

Countrywide Massive Urban Redevelopment & Recovery Programs across Türkiye and Ukraine

Major companies in Europe construction market are expected to gain from significant opportunities provided by the massive infrastructure redevelopment projects in earthquake-hit Türkiye and war-ravaged Ukraine.

On February 06, 2023, a 7.8-magnitude of earthquake hit Türkiye and Syria, killing tens of thousands of people and severely damaging infrastructure in cities and villages across its fault line. The President of Türkiye announced that the government would engage in a comprehensive construction program to rebuild cities with safety and sustainability. Analysts estimated that the urban redevelopment across Türkiye in the wake of earthquakes would provide huge opportunities for the construction and related industries in total investment of more than USD 250 billion.

In Ukraine, Russia’s war in the country has been continuing for more than a year now. Consequently, infrastructure across Ukraine has been severely damaged. In September 2022, Ukraine government, the European Commission, and the World Bank, along with their partners estimated the cost of Ukraine’s reconstruction and recovery would be about USD 350 billion. As the war continues, the cost is anticipated to escalate.

Massive redevelopment and recovery projects in Türkiye and Ukraine are expected to provide lucrative growth opportunities for construction and supplementary industries. It, in turn, is projected to aid the growth of Europe construction market during the forecast period between 2023 and 2029 and beyond.

Restraints

High Material Costs

Due to rising material costs throughout history, construction expenses have been gradually rising. Due to increased material costs, such as the $41.96 per barrel of crude oil needed to make asphalt and the 112% increase in softwood timber prices in February 2021 over the same month in 2020, businesses in the industry saw only modest increases in earnings. Therefore, during the historical period, high material prices affected the profit margin of the construction companies in Europe.

Impact of COVID-19 on Europe Construction Market

The COVID-19 pandemic adversely affected the construction market in Europe. The scarcity of raw materials, combined with logistical difficulties, did not bode well for top companies looking to expand their portfolios. Several projects, including those involving buildings, construction, and irrigation, have been temporarily halted or abandoned. The resumption of economic activity in both emerging and advanced economies may stimulate industry growth.

Europe Construction Market

Segmental Coverage

Europe Construction Market - By Residential Buildings and Single Units

Europe construction market is divided into Apartments/Flats, Detached Houses, Semi-Detached, and Others. Apartments/flats are the largest segments of the construction market by type of residential buildings and single units, and it is expected to be the fastest-growing segment in the future. The residential building construction market will have the most opportunities in the building construction market in Europe. The detached houses segment is expected to grow at a significant CAGR by 2029 and will provide the best opportunities in the Europe construction market.

Europe Construction Market - By End Use

Based on end use, the Europe construction market is divided into Residential, Healthcare, Hospitality, and Others. Residential construction is divided into three categories: luxury, mid-tier, and affordable. Manufacturing plants, chemical and pharmaceutical facilities, metal and material processing units, and other industrial constructions comprise the industrial construction segment.

Europe Construction Market Size

Europe Construction Market - By Country

Europe construction market covers Germany, UK, Italy, France, Spain, Netherlands, Rest of Europe. Germany dominates the market. The region is home to major economies with high levels of household spending and mature infrastructure sectors. Also, UK’s construction market is expected to grow steadily due to increased renovation activity in the region's residential infrastructure. The market is expected to grow significantly due to rising demand for consumer-oriented construction as well as rising demand from the industrial and manufacturing sectors.

Competitive Landscape

Competition in Europe construction market is intense. Major companies in the market include SAIPEM SpA, VINCI, STRABAG International GmbH, ACS Group, Skanska AB, Bouygues Construction, Hochtief AG, Royal BAM Group, Ferrovial S.A, and ACS Group. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

  • In December 2021 - The Dutch government announced an investment of EUR 253 million to construct 44,277 new houses, out of which 64% would be affordable housing.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

Germany, UK, Italy, France, Spain, Netherlands, Rest of Europe

Product/ Service Segmentation

Residential Buildings and Single Units, End Use, Country

Key Players

SAIPEM SpA, VINCI, STRABAG International GmbH, ACS Group, Skanska AB, Bouygues Construction, Hochtief AG, Royal BAM Group, Ferrovial SA, ACS Group

 

By Residential Buildings and Single Units

  • Apartments/Flats

  • Detached Houses

  • Semi-Detached

  • Others

By End Use

  • Residential

  • Healthcare

  • Hospitality

  • Others

By Country

  • Germany

  • UK

  • Italy

  • France

  • Spain

  • Netherlands

  • Rest of Europe

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Europe Construction Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technology Advancements / Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Europe Construction Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Residential Buildings and Single Units
        1. Apartments/Flats
        2. Detached Houses
        3. Semi-Detached
        4. Others
      2. By End Use
        1. Residential
        2. Healthcare
        3. Hospitality
        4. Others
      3. By Country
        1. Germany
        2. UK
        3. Italy
        4. France
        5. Spain
        6. Netherlands
        7. Rest of Europe
  5. Germany Construction Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Residential Buildings and Single Units
        1. Apartments/Flats
        2. Detached Houses
        3. Semi-Detached
        4. Others
      2. By End Use
        1. Residential
        2. Healthcare
        3. Hospitality
        4. Others
  6. Italy Construction Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Residential Buildings and Single Units
        1. Apartments/Flats
        2. Detached Houses
        3. Semi-Detached
        4. Others
      2. By End Use
        1. Residential
        2. Healthcare
        3. Hospitality
        4. Others
  7. France Construction Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Residential Buildings and Single Units
        1. Apartments/Flats
        2. Detached Houses
        3. Semi-Detached
        4. Others
      2. By End Use
        1. Residential
        2. Healthcare
        3. Hospitality
        4. Others
  8. Spain Construction Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Residential Buildings and Single Units
        1. Apartments/Flats
        2. Detached Houses
        3. Semi-Detached
        4. Others
      2. By End Use
        1. Residential
        2. Healthcare
        3. Hospitality
        4. Others
  9. Netherlands Construction Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Residential Buildings and Single Units
        1. Apartments/Flats
        2. Detached Houses
        3. Semi-Detached
        4. Others
      2. By End Use
        1. Residential
        2. Healthcare
        3. Hospitality
        4. Others
  10. Rest of Europe Construction Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Residential Buildings and Single Units
        1. Apartments/Flats
        2. Detached Houses
        3. Semi-Detached
        4. Others
      2. By End Use
        1. Residential
        2. Healthcare
        3. Hospitality
        4. Others
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Europe Construction Market Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  12. Impact of Covid-19 on Europe Construction Market
  13. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. SAIPEM SpA
    2. VINCI
    3. STRABAG International GmbH
    4. ACS Group
    5. Skanska AB
    6. Bouygues Construction
    7. Hochtief AG
    8. Royal BAM Group
    9. Ferrovial S.A
    10. ACS Group
    11. Other Prominent Players
  14. Key Strategic Recommendations
  15. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information in case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.   

 

List of Figures

 

Figure 1       Europe Construction Segmentation

Figure 2       Europe Construction Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Europe Construction Market Size, By Value (USD Billion), 2019-2029

Figure 5       Europe Construction Market Share, By Residential Buildings and Single Units, By Value, 2019-2029

Figure 6       Europe Construction Market Share, By End-use, By Value, 2019-2029

Figure 7       Europe Construction Market Share, By Country, By Value, 2019-2029

Figure 8       Germany Construction Market Size, By Value (USD Billion), 2019-2029

Figure 9       Germany Construction Market Share, By Residential Buildings and Single Units, By Value, 2019-2029

Figure 10     Germany Construction Market Share, By End-use, By Value, 2019-2029

Figure 11     UK Construction Market Size, By Value (USD Billion), 2019-2029

Figure 12     UK Construction Market Share, By Residential Buildings and Single Units, By Value, 2019-2029

Figure 13     UK Construction Market Share, By End-use, By Value, 2019-2029

Figure 14     Italy Construction Market Size, By Value (USD Billion), 2019-2029

Figure 15     Italy Construction Market Share, By Residential Buildings and Single Units, By Value, 2019-2029

Figure 16     Italy Construction Market Share, By End-use, By Value, 2019-2029

Figure 17     France Construction Market Size, By Value (USD Billion), 2019-2029

Figure 18     France Construction Market Share, By Residential Buildings and Single Units, By Value, 2019-2029

Figure 19     France Construction Market Share, By End-use, By Value, 2019-2029

Figure 20     Spain Construction Market Size, By Value (USD Billion), 2019-2029

Figure 21     Spain Construction Market Share, By Residential Buildings and Single Units, By Value, 2019-2029

Figure 22     Spain Construction Market Share, By End-use, By Value, 2019-2029

Figure 23     Netherlands Construction Market Size, By Value (USD Billion), 2019-2029

Figure 24     Netherlands Construction Market Share, By Residential Buildings and Single Units, By Value, 2019-2029

Figure 25     Netherlands Construction Market Share, By End-use, By Value, 2019-2029

Figure 26     Rest of Europe Construction Market Size, By Value (USD Billion), 2019-2029

Figure 27     Rest of Europe Construction Market Share, By Residential Buildings and Single Units, By Value, 2019-2029

Figure 28     Rest of Europe Construction Market Share, By End-use, By Value, 2019-2029

 

List of Table

Table 1        Europe Construction Market Size, By Value (USD Billion), 2019-2029

Table 2        Europe Construction Market Size, By Residential Buildings and Single Units, By Value, 2019-2029

Table 3        Europe Construction Market Size, By End-use, By Value, 2019-2029

Table 4        Europe Construction Market Size, By Country, By Value, 2019-2029

Table 5        Germany Construction Market Size, By Value (USD Billion), 2019-2029

Table 6        Germany Construction Market Size, By Residential Buildings and Single Units, By Value, 2019-2029

Table 7        Germany Construction Market Size, By End-use, By Value, 2019-2029

Table 8        UK Construction Market Size, By Value (USD Billion), 2019-2029

Table 9        UK Construction Market Size, By Residential Buildings and Single Units, By Value, 2019-2029

Table 10      UK Construction Market Size, By End-use, By Value, 2019-2029

Table 11      Italy Construction Market Size, By Value (USD Billion), 2019-2029

Table 12      Italy Construction Market Size, By Residential Buildings and Single Units, By Value, 2019-2029

Table 13      Italy Construction Market Size, By End-use, By Value, 2019-2029

Table 14      France Construction Market Size, By Value (USD Billion), 2019-2029

Table 15      France Construction Market Size, By Residential Buildings and Single Units, By Value, 2019-2029

Table 16      France Construction Market Size, By End-use, By Value, 2019-2029

Table 17      Spain Construction Market Size, By Value (USD Billion), 2019-2029

Table 18      Spain Construction Market Size, By Residential Buildings and Single Units, By Value, 2019-2029

Table 19      Spain Construction Market Size, By End-use, By Value, 2019-2029

Table 20      Netherlands Construction Market Size, By Value (USD Billion), 2019-2029

Table 21      Netherlands Construction Market Size, By Residential Buildings and Single Units, By Value, 2019-2029

Table 22      Netherlands Construction Market Size, By End-use, By Value, 2019-2029

Table 23      Rest of Europe Construction Market Size, By Value (USD Billion), 2019-2029

Table 24      Rest of Europe Construction Market Size, By Residential Buildings and Single Units, By Value, 2019-2029

Table 25      Rest of Europe Construction Market Size, By End-use, By Value, 2019-2029

Table 26      SAIPEM SpA Company Overview

Table 27      SAIPEM SpA Financial Overview

Table 28      VINCI Company Overview

Table 29      VINCI Financial Overview

Table 30      STRABAG International GmbH Company Overview

Table 31      STRABAG International GmbH Financial Overview

Table 32      ACS Group Company Overview

Table 33      ACS Group Financial Overview

Table 34      Skanska AB Company Overview

Table 35      Skanska AB Financial Overview

Table 36      Bouygues Construction Company Overview

Table 37      Bouygues Construction Financial Overview

Table 38      Hochtief AG Company Overview

Table 39      Hochtief AG Financial Overview

Table 40      Royal BAM Group Company Overview

Table 41      Royal BAM Group Financial Overview

Table 42      Ferrovial S.A Company Overview

Table 43      Ferrovial S.A Financial Overview

Table 44      ACS Group Company Overview

Table 45      ACS Group Financial Overview

Market Segmentation

By Residential Buildings and Single Units

  • Apartments/Flats

  • Detached Houses

  • Semi-Detached

  • Others

By End Use

  • Residential

  • Healthcare

  • Hospitality

  • Others

By Country

  • Germany

  • UK

  • Italy

  • France

  • Spain

  • Netherlands

  • Rest of Europe

No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

Ans: Major factors driving the growth of the Europe Construction Market include expanding efforts to build new infrastructure as well as the increased modernization and refurbishment of existing structures to improve their energy efficiency.
Ans: Europe Construction Market size was estimated at 3,088.81 billion in 2022.
Ans: The residential segment holds the highest market share in the Europe Construction Market by end user.
Ans: The apartment/flats segment accounts for the highest market share in the Europe Construction Market by residential buildings and single units.
Ans: Key players in Europe Construction Market include SAIPEM SpA, VINCI, STRABAG International GmbH, ACS Group, Skanska AB, Bouygues Construction, Hochtief AG, Royal BAM Group, Ferrovial SA, and ACS Group.