Portugal Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Description
Portugal Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Summary
GlobalData expects the construction industry in Portugal to grow in real terms by 2.5% in 2025, supported by an increase in building permits and export activities, coupled with investments in the transport and energy projects. According to the Instituto Nacional de Estatística (INE), the total number of building permits issued in the country grew by 14% year-on-year (YoY) in the first five months of 2025, following by an overall annual growth of 8.6% in 2024. In January 2025, government announced tax measures specifically aimed at enhancing the competitiveness of companies and improving employee salaries, which will is likely to increase investment capacity in the construction industry.
The construction industry’s output is expected to register an annual average growth of 1.7% between 2026 and 2029, supported by government investments in transport and energy infrastructure projects, coupled with the government’s Recovery and Resilience Plans (RRP). The RRP plan consists of 83 investments and 32 reforms. For instance, in June 2025, the country received the sixth payment of EUR1.34 billion ($1.5 billion) as a part of the European Union’s EUR22.2 billion ($24.2 billion) Recovery and Resilience Plan (RRP) for the upgrade and development of healthcare, housing, including access to energy-efficient housing, social inclusion, critical digital infrastructure.
GlobalData’s Construction in Portugal - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into the Portuguese construction industry, including -
This report provides a comprehensive analysis of the construction industry in Portugal. It provides -
Summary
GlobalData expects the construction industry in Portugal to grow in real terms by 2.5% in 2025, supported by an increase in building permits and export activities, coupled with investments in the transport and energy projects. According to the Instituto Nacional de Estatística (INE), the total number of building permits issued in the country grew by 14% year-on-year (YoY) in the first five months of 2025, following by an overall annual growth of 8.6% in 2024. In January 2025, government announced tax measures specifically aimed at enhancing the competitiveness of companies and improving employee salaries, which will is likely to increase investment capacity in the construction industry.
The construction industry’s output is expected to register an annual average growth of 1.7% between 2026 and 2029, supported by government investments in transport and energy infrastructure projects, coupled with the government’s Recovery and Resilience Plans (RRP). The RRP plan consists of 83 investments and 32 reforms. For instance, in June 2025, the country received the sixth payment of EUR1.34 billion ($1.5 billion) as a part of the European Union’s EUR22.2 billion ($24.2 billion) Recovery and Resilience Plan (RRP) for the upgrade and development of healthcare, housing, including access to energy-efficient housing, social inclusion, critical digital infrastructure.
GlobalData’s Construction in Portugal - Key Trends and Opportunities to 2029 (H2 2025) 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.
This report provides a comprehensive analysis of the construction industry in Portugal. It provides -
- Historical (2020-2024) and forecast (2025-2029) 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
- 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
Table of Contents
47 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 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: Portugal, Key Economic Indicators
- Table 3: Portugal, Commercial Construction Output by Project Type (Real % Change), 2020–29
- Table 4: Portugal, Top Commercial Construction Projects by Value
- Table 5: Portugal, Industrial Construction Output by Project Type (Real % Change), 2020–29
- Table 6: Portugal, Top Industrial Construction Projects by Value
- Table 7: Portugal, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
- Table 8: Portugal, Top Infrastructure Construction Projects by Value
- Table 9: Portugal, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
- Table 10: Portugal, Top Energy and Utilities Construction Projects by Value
- Table 11: Portugal, Institutional Construction Output by Project Type (Real % Change), 2020-29
- Table 12: Portugal, Top Institutional Construction Projects by Value
- Table 13: Portugal, Residential Construction Output by Project Type (Real % Change), 2020-29
- 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, $ Million)
- Table 18: Portugal, 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: Portugal, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 3: Portugal, Risk Summary
- Figure 4: Portugal, Risk Regional Comparison
- Figure 5: Portugal, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 6: Portugal, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 7: Portugal, Construction Value-add (EUR Million, 2021 Constant Prices)
- Figure 8: Portugal, Gross Fixed Capital Formation (EUR Million, 2020 Constant Prices)
- Figure 9: Portugal, Total Number of Building Permits Issued
- Figure 10: Portugal, Construction production Index (2021=100)
- Figure 11: Portugal, Construction Projects Momentum Index
- Figure 12: Western Europe, Construction Projects Momentum Index
- Figure 13: Portugal, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 14: Portugal, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 15: Portugal, Total Tourists Spending Nights in the Accommodation Establishments (in Number of Tourists)
- Figure 16: Portugal, Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles Accommodation and Food Service Activities Value-add (EUR Million, 2021 Chained Prices)
- Figure 17: Portugal, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 18: Portugal, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 19: Portugal, Total Export Value (EUR Million)
- Figure 20: Portugal, Industrial Value-add (EUR Million, 2021 Constant Prices)
- Figure 21: Portugal, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 22: Portugal, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 23: Portugal, Transportation Value-add (EUR Million, 2021 Constant Prices)
- Figure 24: Portugal, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 25: Portugal, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 26: Portugal, Energy, Water Supply and Sewerage Value-add (EUR Million, 2021 Chained Prices)
- Figure 27: Portugal, Information and Communication Value-add (EUR Million, 2021 Chain Linked Volumes)
- Figure 28: Portugal, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 29: Portugal, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 30: Portugal, Education Value-add (EUR Million, 2021 Chain Linked Volumes)
- Figure 31: Portugal, Residential Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 32: Portugal, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 33: Portugal, Housing Price Index (2015=100)
- Figure 34: Portugal, Residential Building Permits Issued (Unit, Number)
- Figure 35: Portugal, Real Estate Value-add (EUR Million, 2021 Constant Prices)
- Figure 36: Portugal, New Housing construction cost index
- Figure 37: Portugal, Total value of dwelling transactions (EUR Million)
- Figure 38: Portugal, Total number of dwelling completed
- Figure 39: Portugal, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 40: Portugal, Headquarters of Key Consultants (% of Total Project Pipeline)
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