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
Description
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
Europe Construction Market Size Expands to Cross Whopping USD 3.95 Trillion by 2029
Europe construction market is flourishing due to the increasing construction of commercial infrastructure and massive urban redevelopment and recovery projects across Türkiye and Ukraine.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe construction market size at USD 3,088.81 billion in 2022. During the forecast period between 2023 and 2029, the Europe construction market size is projected to grow at a significant CAGR of 6.37% reaching a value of USD 3,951.1 billion by 2029. The expansion of infrastructure projects, rising demand for housing in urban areas, and increased remodeling and maintenance of buildings to increase their energy efficiency are all elements boosting the growth of the European construction industry. Due to the region's rapid economic expansion, construction of commercial infrastructure, including offices, schools, hotels, restaurants, and recreational facilities, among others, is expanding. The improvement of housing infrastructure and the provision of homes for the most disadvantaged groups are being supported by governments' execution of several favorable policies and investments, which are fostering the growth of the European construction market.
Europe Construction Market - Overview
Building new buildings, roads, residences, railroads, and other structures, as well as renovating or repairing existing ones, are all examples of construction. It also includes procedures such as planning, financing, and developing assets so that they can be used. The construction sector, which plays a significant role in an area's economic development, laid the physical and technological foundations upon which modern civilization grew. Also, increased eco-awareness is hastening the development of energy-efficient, net-zero structures. Aerial lifts, backhoe loaders, cranes, excavators, and welders are just a few of the construction tools and equipment.
Opportunity: Urban Redevelopment & Recovery Projects across Türkiye and Ukraine
Major companies in Europe construction market are expected to gain from significant opportunities provided by the massive infrastructure 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.
Europe Construction Market – By Application
Residential, healthcare, hospitality, and others are segments of the European construction market by construction technology. There are three types of residential construction: high-end, mid-range, and low-cost. The industrial construction sector consists of manufacturing plants, chemical and pharmaceutical facilities, metal and material processing facilities, and other industrial structures.
Impact of COVID-19 on Europe Construction Market
The COVID-19 pandemic adversely affected Europe construction industry. Raw material scarcity, combined with logistical challenges, did not bode well for top companies looking to expand their portfolios. Several projects, including those involving buildings, construction, and irrigation, have been halted or abandoned for the time being. The resumption of economic activity in both emerging and advanced economies has the potential to stimulate industry growth.
Competitive Landscape
Europe construction market is fiercely competitive. Prominent players 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. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Europe construction market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Europe Construction Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe Construction Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Europe Construction Market Size Expands to Cross Whopping USD 3.95 Trillion by 2029
Europe construction market is flourishing due to the increasing construction of commercial infrastructure and massive urban redevelopment and recovery projects across Türkiye and Ukraine.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe construction market size at USD 3,088.81 billion in 2022. During the forecast period between 2023 and 2029, the Europe construction market size is projected to grow at a significant CAGR of 6.37% reaching a value of USD 3,951.1 billion by 2029. The expansion of infrastructure projects, rising demand for housing in urban areas, and increased remodeling and maintenance of buildings to increase their energy efficiency are all elements boosting the growth of the European construction industry. Due to the region's rapid economic expansion, construction of commercial infrastructure, including offices, schools, hotels, restaurants, and recreational facilities, among others, is expanding. The improvement of housing infrastructure and the provision of homes for the most disadvantaged groups are being supported by governments' execution of several favorable policies and investments, which are fostering the growth of the European construction market.
Europe Construction Market - Overview
Building new buildings, roads, residences, railroads, and other structures, as well as renovating or repairing existing ones, are all examples of construction. It also includes procedures such as planning, financing, and developing assets so that they can be used. The construction sector, which plays a significant role in an area's economic development, laid the physical and technological foundations upon which modern civilization grew. Also, increased eco-awareness is hastening the development of energy-efficient, net-zero structures. Aerial lifts, backhoe loaders, cranes, excavators, and welders are just a few of the construction tools and equipment.
Opportunity: Urban Redevelopment & Recovery Projects across Türkiye and Ukraine
Major companies in Europe construction market are expected to gain from significant opportunities provided by the massive infrastructure 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.
Europe Construction Market – By Application
Residential, healthcare, hospitality, and others are segments of the European construction market by construction technology. There are three types of residential construction: high-end, mid-range, and low-cost. The industrial construction sector consists of manufacturing plants, chemical and pharmaceutical facilities, metal and material processing facilities, and other industrial structures.
Impact of COVID-19 on Europe Construction Market
The COVID-19 pandemic adversely affected Europe construction industry. Raw material scarcity, combined with logistical challenges, did not bode well for top companies looking to expand their portfolios. Several projects, including those involving buildings, construction, and irrigation, have been halted or abandoned for the time being. The resumption of economic activity in both emerging and advanced economies has the potential to stimulate industry growth.
Competitive Landscape
Europe construction market is fiercely competitive. Prominent players 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. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Europe construction market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Europe Construction Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe Construction Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
250 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Europe Construction Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth
- 3.2.2. Restraints
- 3.2.3. Opportunities
- 3.2.4. Challenges
- 3.3. Technology Advancements / Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Europe Construction Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Residential Buildings and Single Units
- 4.2.1.1. Apartments/Flats
- 4.2.1.2. Detached Houses
- 4.2.1.3. Semi-Detached
- 4.2.1.4. Others
- 4.2.2. By End Use
- 4.2.2.1. Residential
- 4.2.2.2. Healthcare
- 4.2.2.3. Hospitality
- 4.2.2.4. Others
- 4.2.3. By Country
- 4.2.3.1. Germany
- 4.2.3.2. UK
- 4.2.3.3. Italy
- 4.2.3.4. France
- 4.2.3.5. Spain
- 4.2.3.6. Netherlands
- 4.2.3.7. Rest of Europe
- 5. Germany Construction Market Overview
- 5.1. Market Size & Forecast, 2019–2029
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Residential Buildings and Single Units
- 5.2.1.1. Apartments/Flats
- 5.2.1.2. Detached Houses
- 5.2.1.3. Semi-Detached
- 5.2.1.4. Others
- 5.2.2. By End Use
- 5.2.2.1. Residential
- 5.2.2.2. Healthcare
- 5.2.2.3. Hospitality
- 5.2.2.4. Others
- 6. Italy Construction Market Overview
- 6.1. Market Size & Forecast, 2019–2029
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Residential Buildings and Single Units
- 6.2.1.1. Apartments/Flats
- 6.2.1.2. Detached Houses
- 6.2.1.3. Semi-Detached
- 6.2.1.4. Others
- 6.2.2. By End Use
- 6.2.2.1. Residential
- 6.2.2.2. Healthcare
- 6.2.2.3. Hospitality
- 6.2.2.4. Others
- 7. France Construction Market Overview
- 7.1. Market Size & Forecast, 2019–2029
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Residential Buildings and Single Units
- 7.2.1.1. Apartments/Flats
- 7.2.1.2. Detached Houses
- 7.2.1.3. Semi-Detached
- 7.2.1.4. Others
- 7.2.2. By End Use
- 7.2.2.1. Residential
- 7.2.2.2. Healthcare
- 7.2.2.3. Hospitality
- 7.2.2.4. Others
- 8. Spain Construction Market Overview
- 8.1. Market Size & Forecast, 2019–2029
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Residential Buildings and Single Units
- 8.2.1.1. Apartments/Flats
- 8.2.1.2. Detached Houses
- 8.2.1.3. Semi-Detached
- 8.2.1.4. Others
- 8.2.2. By End Use
- 8.2.2.1. Residential
- 8.2.2.2. Healthcare
- 8.2.2.3. Hospitality
- 8.2.2.4. Others
- 9. Netherlands Construction Market Overview
- 9.1. Market Size & Forecast, 2019–2029
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Residential Buildings and Single Units
- 9.2.1.1. Apartments/Flats
- 9.2.1.2. Detached Houses
- 9.2.1.3. Semi-Detached
- 9.2.1.4. Others
- 9.2.2. By End Use
- 9.2.2.1. Residential
- 9.2.2.2. Healthcare
- 9.2.2.3. Hospitality
- 9.2.2.4. Others
- 10. Rest of Europe Construction Market Overview
- 10.1. Market Size & Forecast, 2019–2029
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Residential Buildings and Single Units
- 10.2.1.1. Apartments/Flats
- 10.2.1.2. Detached Houses
- 10.2.1.3. Semi-Detached
- 10.2.1.4. Others
- 10.2.2. By End Use
- 10.2.2.1. Residential
- 10.2.2.2. Healthcare
- 10.2.2.3. Hospitality
- 10.2.2.4. Others
- 11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. Europe Construction Market Company Market Share Analysis, 2022
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. 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)
- 13.1. SAIPEM SpA
- 13.2. VINCI
- 13.3. STRABAG International GmbH
- 13.4. ACS Group
- 13.5. Skanska AB
- 13.6. Bouygues Construction
- 13.7. Hochtief AG
- 13.8. Royal BAM Group
- 13.9. Ferrovial S.A
- 13.10. ACS Group
- 13.11. Other Prominent Players
- 14. Key Strategic Recommendations
- 15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Region
- 15.5. 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
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