Ireland Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)
Summary
GlobalData expects the construction industry in Ireland to grow by 3.3% in real terms in 2025, before recording an annual average growth of 4.8% from 2026 to 2029, supported by public and private sector investments in transport, electricity, and residential infrastructure sectors. According to the Central Statistics Office (CSO), the total number of planning permissions granted for construction grew by 2.2% in 2024, preceded by a decline of 7.4% in 2023. In February 2025, the Minister of Transport, Darragh O’Brien, Minister of State, Seán Canney and Jerry Buttimer announced a EUR713 million ($776.9 million) investment program for regional and local roads in 2025. This funding represents an increase of over 8% compared to the previous year, and aims at enhancing road safety and improving the interconnected regional and local road network, ongoing maintenance and renewal of the regional and local road network, along with strategic investments to develop and enhance road infrastructure
In January 2025, the state-backed lender ‘Home Building Finance Ireland’ revealed that the loan approval for housebuilders increased by 42% in 2024, increasing from EUR1.7 billion ($1.9 billion) in 2023 to EUR2.7 billion ($2.9 billion). It had approved funding for the construction of 13,186 new homes in 23 counties. Furthermore, in February 2025, the Bank of Ireland revealed that it has approved EUR600 million ($653.8 million) in new construction loans aimed at supporting housebuilders in delivering approximately 4,000 new homes by 2028. This is in line with the Bank of Ireland’s goal of facilitating the construction of 21,000 homes by 2028. Notably, this initiative also includes a commitment to provide 9,500 social and affordable homes, highlighting the bank's dedication to addressing housing needs in the community. In March 2025, the Minister for Housing, James Browne, announced a funding of EUR436 million ($475.1 million) for the construction of more than 1,300 new social homes across the country by 2027. Also, the Irish government announced in January 2025 that it plans to construct 41,000 housing units in 2025 and 43,000 units in 2026. The government aims to deliver 303,000 homes by the end of 2030.
GlobalData’s Construction in Ireland - Key Trends and Opportunities to 2029 (H1 2025) report provides detailed market analysis, information and insights into the Irish construction industry, including -
- The Irish 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 Irish construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Ireland. It provides -
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Ireland, 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
- Identify and evaluate market opportunities using our 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 business strategies 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: Ireland, Key Economic Indicators
- Table 3: Ireland, Commercial Construction Output by Project Type (Real % Change), 2020–29
- Table 4: Ireland, Top Commercial Construction Projects by Value
- Table 5: Ireland, Industrial Construction Output by Project Type (Real % Change), 2020–29
- Table 6: Ireland, Top Industrial Construction Projects by Value
- Table 7: Ireland, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
- Table 8: Ireland, Top Infrastructure Construction Projects by Value
- Table 9: Ireland, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
- Table 10: Ireland, Top Energy and Utilities Construction Projects by Value
- Table 11: Ireland, Institutional Construction Output by Project Type (Real % Change), 2020-29
- Table 12: Ireland, Top Institutional Construction Projects by Value
- Table 13: Ireland, Residential Construction Output by Project Type (Real % Change), 2020-29
- Table 14: Ireland, Top Residential Construction Projects by Value
- Table 15: Ireland, Key Contractors
- Table 16: Ireland, Key Consultants
- Table 17: Ireland, Construction Output Value (Real, $ Million)
- Table 18: Ireland, 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), 2023–29
- Figure 2: Ireland, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 3: Ireland, Risk Summary
- Figure 4: Ireland, Risk Regional Comparison
- Figure 5: Ireland, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 6: Ireland, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 7: Ireland, Construction Value Add (EUR Million, 2020 Chained Linked Volume Measures)
- Figure 8: Ireland, Construction Production Volume Index, (2015=100)
- Figure 9: Ireland, Total Number of Planning Permissions Granted for Construction
- Figure 10: Ireland, Wholesale Price Index (Excluding VAT) for Building and Construction Materials, 2021=100
- Figure 11: Ireland, Gross Fixed Capital Formation, 2020 Chain Linked Volume Measures (EUR Million)
- Figure 12: Ireland, Construction Projects Momentum Index
- Figure 13: Western Europe, Construction Projects Momentum Index
- Figure 14: Ireland, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 15: Ireland, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 16: Ireland, Total Number, and Floor Area (In Thousands M2) of Planning Permissions Granted for Commercial Buildings
- Figure 17: Ireland, Overseas Arrivals (In Thousands)
- Figure 18: Ireland, Services Value Index (2015=100)
- Figure 19: Ireland, Retail Sales Volume and Value Indices, 2015=100
- Figure 20: Ireland, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 21: Ireland, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 22: Ireland, Manufacturing Value Add (EUR Million, Constant 2015 Prices)
- Figure 23: Ireland, Total Number, and Floor Area (In Thousands M2) of Planning Permissions Granted for Industrial Buildings
- Figure 24: Ireland, Volume Indices of Industrial and Manufacturing Production, 2015=100 (% Change, YoY)
- Figure 25: Ireland, Value of Goods Exported (EUR Billion)
- Figure 26: Ireland, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 27: Ireland, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 28: Ireland, Total Number of Planning Permissions Granted for Road and Runway Construction
- Figure 29: Ireland, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 30: Ireland, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 31: Ireland, Information and communication Value Add (EUR Million, Constant 2015 Prices)
- Figure 32: Ireland, Total Number of Planning Permissions Granted for Electricity and Communication and Water and Sewage Projects
- Figure 33: Ireland, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 34: Ireland, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 35: Ireland, Public Administration and Defense Sector Value Add (EUR Million, Constant 2015 Prices)
- Figure 36: Ireland, Number of Planning Permission Granted for Government, Health, and Education Buildings
- Figure 37: Ireland, Residential Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 38: Ireland, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 39: Ireland, Real estate Value Add (EUR Million, Constant 2015 Prices)
- Figure 40: Ireland, Number of New Dwelling Completions
- Figure 41: Ireland, Residential Property Price Index (RPPI), 2015=100
- Figure 42: Ireland, Number of Residential Property Transactions
- Figure 43: Ireland, Total Number of Planning Permissions Approved for Dwellings
- Figure 44: Ireland, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 45: Ireland, Headquarters of Key Consultants (% of Total Project Pipeline)
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