Construction Market in Spain 2015-2019
About Construction Market in Spain
The construction market in Spain is slowly recovering after the global economic crisis of 2008-2009 compared to other countries in Europe. To revive the growth in the construction market, Spanish government is planning to invest huge amount in the construction of road and transport infrastructure, which is expect to drive the market in the coming years. In addition, the government is encouraging the private investors to fund for these activities.
Technavio's analysts forecast the construction market in Spain to grow at a CAGR of 2.57% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the construction market in Spain for the period 2015-2019. To calculate the market size, the report considers the GDP of Spain and construction investment in the country. A detailed segmentation of the construction market in Spain is included in the report. The report forecasts investment in the residential and non-residential and infrastructure construction sectors in Spain during the period 2015-2019.
The report presents the vendor landscape and a corresponding detailed analysis of the top four vendors and a brief description of the other prominent vendors operating in the market.
Technavio Announces the Publication of its Research Report – Construction Market in Spain 2015-2019
Technavio recognizes the following companies as the key players in the construction market in Spain: Acciona, FCC Construccion, Ferrovial and Sacyr Vallehermoso
Other Prominent Vendors in the market are: ACS Group, Isolux Corsan, Obrascon Huarte Lain and Tecnicas Reunidas
Commenting on the report, an analyst from Technavio’s team said: With rising concerns over energy consumption by buildings and the resulting environmental impact, as well as an increase in energy prices, construction companies in Spain are increasing their focus on the development of energy-efficient buildings. These buildings are constructed using solar energy and energy-efficient building materials that cause low environmental damage. The demand for such buildings is rapidly increasing, which is prompting many building contractors to implement energy-efficient methods in construction. The government also introduced a new law in 2013 that requires property owners to obtain an energy-efficiency certificate before selling or a leasing property. In addition, the Madrid Land Agent Association is in discussion with the government to provide tax benefits to energy-efficient buildings, which is expected to boost the use of energy-efficient methods in construction.
According to the report, the construction market in Spain has experienced stable growth after the economic crisis of 2007-2008. Although there are few construction projects in the country currently, there are likely to be more over the coming years as a result of the government's Infrastructure, Transportation, and Housing Plan 2012-2024, which aims to address the current need for infrastructure development. In addition, foreign investors are investing more in the residential and non-residential sectors. As a result, private capital investment in construction is increasing, which will accelerate market growth. Spain's Ministry of Development is planning to increase road capacity with private sector investment. The project is likely to begin by the mid of 2015.
Further, the report states that an increase in unemployment is affecting the services sector, especially construction and manufacturing, to a large extent.
Acciona, FCC Construccion, Ferrovial, Sacyr Vallehermoso, ACS Group, Isolux Corsan, Obrascon Huarte Lain, Tecnicas Reunidas
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