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

Publisher GlobalData
Published Jun 04, 2024
Length 49 Pages
SKU # GBDT18983708

Description

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


Summary

GlobalData’s Construction in Spain - Key Trends and Opportunities to 2028 (Q2 2024) report provides detailed market analysis, information, and insights into Spain’s construction industry, including-
  • Spain’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 Spain’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.
The Spanish construction industry is expected to grow by 2% in 2024, supported by public and private sector investments in the transport, renewable energy, housing, and industrial sectors along with financial support from the European Union (EU) under the Recovery and Resilience Facility (RRF). In October 2023, the EU Commission gave a positive assessment of Spain’s modified recovery and resilience plan. The plan is now worth EUR163 billion ($172.8 billion) in grants and covers 111 reforms and 142 investments. The modified plan has a strong focus on the green transition, allocating 40% of available funds to measures that support climate objectives. According to Eurostat, the total gross fixed capital formation in construction rose by 2.9% year on year (YoY) in the first quarter of 2024, while the construction industry value add grew by 2.6% YoY during the same period.

The Spanish construction industry is expected to register an average annual growth rate of 3% during 2025-28, supported by investments in the development of the transport, renewable energy, and manufacturing sectors. The government plans to produce five million electric vehicles (EVs) in Spain by 2030 through its National Energy and Climate Plan 2021-2030 (NECP), which was announced in 2021. Thus, to achieve this target in December 2023, Volkswagen a German automobile company announced an investment of EUR3 billion ($3.2 billion) for the construction of a battery factory in Sagunrt by 2026. Growth over the forecasted period will be also supported by the revised National Energy and Climate Plan (NECP), in which the government aims to have 214GW of total installed capacity in the electricity sector by 2030, with 160GW derived from renewable energy sources and 22GW from storage.

Scope

This report provides a comprehensive analysis of the construction industry in Spain. It provides-
  • Historical (2019-2023) and forecast (2024-2028) 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
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

49 Pages
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 n
List of Tables
Table 1: Construction Industry Key Data
Table 2: Spain, Key Economic Indicators
Table 3: Spain, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Spain, Top Commercial Construction Projects by Value
Table 5: S
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2022-28
Figure 2: Spain, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Spain, Risk Summary
Figure 4: Spain, Risk Regional Comparison
Figure 5: Spain, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Spain, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Spain, Constructions Value Add (EUR Million, 2015 Chain Linked Volume Prices)
Figure 8: Spain, Construction Production Index, 2015=100
Figure 9: Spain, Gross Fixed Capital Formation in Construction Sector, 2015 Chain Linked Volume Measures (EUR Million)
Figure 10: Spain, Employment in the Construction Industry (In Thousands)
Figure 11: Spain, Construction Projects Momentum Index
Figure 12: Western Europe, Construction Projects Momentum Index
Figure 13: Spain, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 14: Spain, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: Spain, International Tourist Arrivals (In Thousands) and Spending by International Tourists (EUR Million)
Figure 16: Spain, Wholesale and Retail Trade Value Add (EUR Million, 2015 Chain Linked Volume Prices)
Figure 17: Spain, Employment in the wholesale and retail sector (In Thousands)
Figure 18: Spain, Employment in the hospitality sector (In Thousands)
Figure 19: Spain, Retail Turnover Index, Constant Prices, 2015=100
Figure 20: Spain, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 21: Spain, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Spain, Manufacturing Value Add (EUR Million, 2015 Chain Linked Volume Prices)
Figure 23: Spain, Production Index, 2015=100
Figure 24: Spain, Vehicle Production and Exports, In Thousands
Figure 25: Spain, Industrial New Orders, % Change YoY
Figure 26: Spain, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 27: Spain, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Spain, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 29: Spain, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Spain, Information and Communication Value Add (EUR Million, 2015 Chain Linked Volume Prices)
Figure 31: Spain, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 32: Spain, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: Spain, Public Administration, Defense, Education, Human Health and Social Work Activities Value Add (EUR Million, 2015 Chain Linked Volume Prices)
Figure 34: Spain, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 35: Spain, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 36: Spain, Real Estate Value Add (EUR Million, 2015 Chain Linked Volume Prices)
Figure 37: Spain, Gross Fixed Capital Formation for Dwellings (EUR Million, 2015 Chain Linked Volume Prices)
Figure 38: Spain, House Price Index, 2015=100
Figure 39: Spain, Housing Sales (in Number)
Figure 40: Spain, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 41: Spain, Headquarters of Key Consultants (% of Total Project Pipeline)

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