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.