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Spain Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q1 2025)

Publisher GlobalData
Published Feb 28, 2025
Length 51 Pages
SKU # GBDT19975435

Description

Spain Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q1 2025)

Summary

GlobalData’s Construction in Spain- Key Trends and Opportunities to 2029 (Q1 2025) report provides detailed market analysis, information and insights into the Spanish construction industry, including -
  • The Spanish 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 Spanish construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
GlobalData expects the construction industry in Spain to expand in real terms by 4.2% in 2025, supported by investments in transport, renewable energy, and industrial projects, coupled with financial support from the European Union (EU) under the Recovery and Resilience Facility (RRF) and increase in the floor area of buildings permits issued. According to Eurostat, the floor area of buildings permits issued grew by 25.2% year-on-year (YoY) in the first ten months of 2024, due to a 33.6% YoY increase in non-residential building permits and a 18% YoY increase in residential building permits.

The construction industry in Spain is expected to register an average annual growth of 3.1% from 2026 to 2029, supported investments as part of the latest updated National Energy and Climate Plan (NECP) for the 2023-2030; as per the plan, which was announced in September 2024, the government aims to cut greenhouse gas (GHG) emissions by 32% from 1990 levels by 2030. The plan also targets a 43% improvement in energy efficiency and achieve 50% energy independence by 2030. Additionally, it also set goals for renewables to account for 81% of the total power mix and 48% of final energy consumption by 2030. In terms of capacity, Spain aims to reach 76GW of solar photovoltaic (PV), 62GW of wind power, 22.5GW of electricity storage, and 12GW of renewable hydrogen by the end of this decade. The plan also includes producing 20TWh of biogas and reaching 5.5 million electric vehicles (EVs) by 2030. To achieve these targets, the government estimates a total investment of EUR308 billion ($326.5 billion) will be needed by 2030. Growth over the forecast period will also be supported by investments in industrial and energy projects.

Scope

This report provides a comprehensive analysis of the construction industry in Spain. It provides -
  • Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Spain, 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 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

51 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: Spain, Key Economic Indicators
Table 3: Spain, Commercial Construction Output by Project Type (Real % Change), 2020–29
Table 4: Spain, Top Commercial Construction Projects by Value
Table 5: Spain, Industrial Construction Output by Project Type (Real % Change), 2020–29
Table 6: Spain, Top Industrial Construction Projects by Value
Table 7: Spain, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: Spain, Top Infrastructure Construction Projects by Value
Table 9: Spain, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: Spain, Top Energy and Utilities Construction Projects by Value
Table 11: Spain, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: Spain, Top Institutional Construction Projects by Value
Table 13: Spain, Residential Construction Output by Project Type (Real % Change), 2020-29
Table 14: Spain, Top Residential Construction Projects by Value
Table 15: Spain, Key Contractors
Table 16: Spain, Key Consultants
Table 17: Spain, Construction Output Value (Real, $ Million)
Table 18: Spain, 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: Spain, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
Figure 3: Spain, Risk Summary
Figure 4: Spain, Risk Regional Comparison
Figure 5: Spain, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
Figure 6: Spain, Construction Output Value, by Sector (Real, $ Million), 2020–29
Figure 7: Spain, Construction Value Add (EUR Million, 2020 Chain Linked Volume Prices)
Figure 8: Spain, Construction Production Index, 2021=100
Figure 9: Spain, Construction Cost Index, 2021=100
Figure 10: Spain, Gross Fixed Capital Formation in Construction Sector, 2020 Chain Linked Volume Measures (EUR Million)
Figure 11: Spain, Employment in the Construction Industry (In Thousands)
Figure 12: Spain, Building permits – thousands m2 of useful floor area
Figure 13: Spain, Cement Price Index, 2021=100
Figure 14: Spain, Construction Projects Momentum Index
Figure 15: Western Europe, Construction Projects Momentum Index
Figure 16: Spain, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 17: Spain, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: Spain, International Tourist Arrivals (In Thousands) and Spending by International Tourists (EUR Million)
Figure 19: Spain, Wholesale and Retail Trade Value Add (EUR Million, 2020 Chain Linked Volume Prices)
Figure 20: Spain, Employment in the wholesale and retail sector (In Thousands)
Figure 21: Spain, Employment in the hospitality sector (In Thousands)
Figure 22: Spain, Retail Turnover Index, Constant Prices, 2021=100
Figure 23: Spain, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 24: Spain, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: Spain, Manufacturing Value Add (EUR Million, 2020 Chain Linked Volume Prices)
Figure 26: Spain, Industrial Production Index, 2021=100
Figure 27: Spain, Production and Export of Vehicles (Number)
Figure 28: Spain, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 29: Spain, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Spain, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 31: Spain, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Spain, Information and Communication Value Add (EUR Million, 2020 Chain Linked Volume Prices)
Figure 33: Spain, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 34: Spain, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 35: Spain, Public Administration, Defense, Education, Human Health and Social Work Activities Value Add (EUR Million, 2020 Chain Linked Volume Prices)
Figure 36: Spain, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 37: Spain, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 38: Spain, Real Estate Value Add (EUR Million, 2020 Chain Linked Volume Prices)
Figure 39: Spain, Gross Fixed Capital Formation for Dwellings (EUR Million, 2015 Chain Linked Volume Prices)
Figure 40: Spain, House Price Index, 2015=100
Figure 41: Spain, Housing Sales (in Number)
Figure 42: Spain, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 43: Spain, Headquarters of Key Consultants (% of Total Project Pipeline)

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