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Portugal Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

Best Price Guarantee Length Publisher Published Date SKU
from $1,495 47 Pages GlobalData February, 2024 GBDT18640222
Best Price Guarantee
Price from $1,495
Length 47 Pages
Publisher GlobalData
Published Date February, 2024
SKU GBDT18640222

Portugal Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028


Summary

The construction industry in Portugal is expected to decline by 0.6% in real terms in 2024, owing to falling building permits, high construction costs, declining exports and high inflation. According to the INE, the total number of building permits issued in the country declined by 8.5% in the first eleven months of 2023, compared to an annual decline of 4.4% in 2022. Moreover, construction activities in 2024 will also be hampered by the ongoing political crisis, with the country's prime minister Antonio Costa forced to resign in November 2023 owing to corruption charges over investigation into several projects approval process, resulting in stalling or scrapping of projects worth billions including several lithium mining projects, a green hydrogen mega-project, and a data centre in Sines.

The construction industry’s output is expected to rebound and register an annual average growth rate of 1.9% from 2025 to 2028, supported by government investments in transport, energy, commercial and housing construction projects. In early January 2024, the government set aside EUR8 billion ($8.2 billion) for the construction of high-speed rail between Porto and Valença. Mercan Group, a Canadian company, announced in January 2024 that it would invest EUR450 million ($460.8 million) in the construction of eight hotels in Portugal, including the 452-key Hard Rock Hotel at Vau Beach, which is expected to open in 2026, as well as the Holiday Inn Express Porto-Boavista, Holiday Inn Express Evora, and Holiday Inn Beja, all of which are expected to open between June and September 2024.

GlobalData’s Construction in Portugal – Key Trends and Opportunities to 2028 (H1 2024) report provides detailed market analysis, information and insights into Portugal’s construction industry, including -
  • Portugal’s 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 Portugal’s 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 Portugal. It provides -
  • Historical (2019–2023) and forecast (2024–2028) valuations of the construction industry in Portugal, 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
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.


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
8 About GlobalData
9 Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Portugal, Key Economic Indicators
Table 3: Portugal, Commercial Construction Output by Project Type (Real % Change), 2019–28
Table 4: Portugal, Top Commercial Construction Projects by Value
Table 5: Portugal, Industrial Construction Output by Project Type (Real % Change), 2019–28
Table 6: Portugal, Top Industrial Construction Projects by Value
Table 7: Portugal, Infrastructure Construction Output by Project Type (Real % Change), 2019–28
Table 8: Portugal, Top Infrastructure Construction Projects by Value
Table 9: Portugal, Energy and Utilities Construction Output by Project Type (Real % Change), 2019–28
Table 10: Portugal, Top Energy and Utilities Construction Projects by Value
Table 11: Portugal, Institutional Construction Output by Project Type (Real % Change), 2019–28
Table 12: Portugal, Top Institutional Construction Projects by Value
Table 13: Portugal, Residential Construction Output by Project Type (Real % Change), 2019–28
Table 14: Portugal, Top Residential Construction Projects by Value
Table 15: Portugal, Key Contractors
Table 16: Portugal, Key Consultants
Table 17: Portugal, Construction Output Value (Real, $ Million)
Table 18: Portugal, Construction Output Value (Nominal, EUR Million)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2022–28
Figure 2: Portugal, Construction Output by Sector (Real % Change), 2022–24 and 2025–28
Figure 3: Portugal, Risk Summary
Figure 4: Portugal, Risk Regional Comparison
Figure 5: Portugal, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019–28
Figure 6: Portugal, Construction Output Value, by Sector (Real, $ Million), 2019–28
Figure 7: Portugal, Construction Value Add (EUR Million, 2016 Constant Prices)
Figure 8: Portugal, Gross Fixed Capital Formation (EUR Million, 2015 Constant Prices)
Figure 9: Portugal, Total Number of Building Permits Issued
Figure 10: Portugal, Construction Projects Momentum Index
Figure 11: Western Europe, Construction Projects Momentum Index
Figure 12: Portugal, Commercial Construction Output by Project Type (Real, $ Million), 2019–28
Figure 13: Portugal, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 14: Portugal, Total Tourists Spending Nights in the Accommodation Establishments (in Number of Tourists, in thousands)
Figure 15: Portugal, Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles Accommodation and Food Service Activities Value Add (EUR Million, 2016 Chained Prices)
Figure 16: Portugal, Industrial Construction Output by Project Type (Real, $ Million), 2019–28
Figure 17: Portugal, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: Portugal, Industrial Production Index (2015=100)
Figure 19: Portugal, Total Export Value (EUR Million)
Figure 20: Portugal, Industrial Value Add (EUR Million, 2016 Constant Prices)
Figure 21: Portugal, Infrastructure Construction Output by Project Type (Real, $ Million), 2019–28
Figure 22: Portugal, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Portugal, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019–28
Figure 24: Portugal, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: Portugal, Energy, Water Supply and Sewerage Value Add (EUR Million, 2016 Chained Prices)
Figure 26: Portugal, Information and Communication Value Add (EUR Million, 2015 Chain Linked Volumes)
Figure 27: Portugal, Institutional Construction Output by Project Type (Real, $ Million), 2019–28
Figure 28: Portugal, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Portugal, Education Value Add (EUR Million, 2015 Chain Linked Volumes)
Figure 30: Portugal, Residential Construction Output by Project Type (Real, $ Million), 2019–28
Figure 31: Portugal, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Portugal, Housing Price Index (2015=100)
Figure 33: Portugal, Value of Housing Transactions (EUR Million)
Figure 34: Portugal, Residential Building Permits Issued (Unit, Number)
Figure 35: Portugal, Real Estate Value Add (EUR Million, 2015 Constant Prices)
Figure 36: Portugal, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: Portugal, Headquarters of Key Consultants (% of Total Project Pipeline)

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