Construction in Portugal - Key Trends and Opportunities to 2024

Construction in Portugal - Key Trends and Opportunities to 2024

Summary

The Portuguese construction industry expanded by 6.8% in real terms in 2019, driven by public and private sector investments in both building and civil engineering works. However, the outbreak of Coronavirus (COVID-19) has severely impacted the industry in 2020.

The latest data from Eurostat shows that the country’s total gross fixed capital formation declined by 8.7% in the second quarter of 2020, compared to the same period of 2019. This was preceded by a year-on-year (Y-o-Y) growth of 0.2% in the first quarter of 2020. In 2019 overall, it grew by 5.4%, and it grew by 6.2% in 2018.

Reflecting the disruptions caused by the pandemic, coupled with the weak outlook for economic growth, GlobalData forecasts the construction industry’s growth to decelerate to 2.6% in real terms in 2020, while it is projected to grow at an annual average rate of 2.4% between 2021-2024. This growth will be supported by the government’s focus on developing the country’s infrastructure. In October 2020, the government announced plans to spend EUR43 billion (US$48.1 billion) to develop the country’s transport and energy infrastructure by 2030.

This report provides detailed market analysis, information and insights into the Portuguese construction industry, including -

  • The Portuguese 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 Portuguese 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 (2015-2019) and forecast (2020-2024) 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 COVID-19 Status
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
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 GlobalData Construction
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), 2015-2024
Table 4: Portugal, Top Commercial Construction Projects by Value
Table 5: Portugal, Industrial Construction Output by Project Type (Real % Change), 2015-2024
Table 6: Portugal, Top Industrial Construction Projects by Value
Table 7: Portugal, Infrastructure Construction Output by Project Type (Real % Change), 2015-2024
Table 8: Portugal, Top Infrastructure Construction Projects by Value
Table 9: Portugal, Energy and Utilities Construction Output by Project Type (Real % Change), 2015-2024
Table 10: Portugal, Top Energy and Utilities Construction Projects by Value
Table 11: Portugal, Institutional Construction Output by Project Type (Real % Change), 2015-2024
Table 12: Portugal, Top Institutional Construction Projects by Value
Table 13: Portugal, Residential Construction Output by Project Type (Real % Change), 2015-2024
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, US$ Million)
Table 18: Portugal, Construction Output Value (Nominal, EUR Million)
Table 19: GlobalData Construction Market Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2020
Figure 2: Portugal, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Portugal, COVID-19 Confirmed Cases
Figure 4: Portugal, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2015-2024
Figure 5: Portugal, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
Figure 6: Portugal, Construction Value-Add (EUR Million, 2016 Constant Prices)
Figure 7: Portugal, Gross Fixed Capital Formation (EUR Million, 2015 Chain Linked)
Figure 8: Portugal, Construction Projects Momentum Index
Figure 9: Portugal, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 10: Portugal, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 11: Portugal, Total Tourist Arrivals
Figure 12: Portugal, Retail Trade Volume Index (2015=100)
Figure 13: Portugal, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 14: Portugal, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 15: Portugal, Industrial Production Index (2015=100)
Figure 16: Portugal, Total Export Value (EUR Million)
Figure 17: Portugal, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 18: Portugal, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 19: Portugal, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 20: Portugal, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 21: Portugal, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 22: Portugal, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 23: Portugal, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 24: Portugal, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 25: Portugal, Hedonic Property Price Index
Figure 26: Portugal, Total Number of New Construction Permits
Figure 27: Portugal, Housing Price Index (2015=100)
Figure 28: Portugal, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 29: Portugal, Headquarters of Key Consultants (% of Total Project Pipeline)

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