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Construction in Portugal – Key Trends and Opportunities to 2021

Construction in Portugal – Key Trends and Opportunities to 2021

Synopsis

Construction activity in Portugal was weak during the review period (2012–2016) due to the impact of the eurozone crisis, which resulted in weak investor confidence and high unemployment rates. A widening budget deficit and subsequent austerity measures implemented by the government reduced investments in construction projects.

The industry experienced a slight recovery during 2015 and 2016, albeit registering a growth of -0.04% and -1.7% in real terms in 2015 and 2016 respectively. This was preceded by an annual average contraction of 10.8% during 2012–2015. This revival could be attributed to the country’s economic recovery from the effect of the eurozone crisis.

The recovery is expected to continue over the forecast period (2017–2021), supported by a gradual improvement in economic conditions, export activity and employment rates. The government’s aim to develop the country’s transport infrastructure and enhance regional connectivity is expected to drive the industry’s growth over the forecast period. In real terms, the industry’s output value is expected to post a forecast-period CAGR of 3.46%, compared with -5.86% registered during the review period.

Summary

Timetric’s Construction in Portugal – Key Trends and Opportunities to 2021 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, and the risks and opportunities they present to participants in the Portuguese construction industry
  • Profiles of the leading operators in the Portuguese construction industry
Scope

This report provides a comprehensive analysis of the construction industry in Portugal. It provides:
  • Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Portugal using construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
  • Detailed profiles of the leading construction companies in Portugal
Reasons To Buy
  • Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Key Highlights
  • In a bid to address the growing demand for air travel, in April 2017 the Ministry of Public Work and Transport announced plans to develop a new airport in Montijo, Lisbon with a total investment of EUR4.1 billion (US$4.5 billion).
  • Under the Northern Region Urban Development program, in May 2016 the government announced plans to invest EUR310.2 million (US$343.0 million) to support economic growth in the Braganca, Alto Douro region of Vila Real and Tras-os-Montes districts. This includes the construction of various social facilities, healthcare centers and schools in these regions. The government plans to initiate the program in 2018, with completion scheduled in 2021.
  • The government’s effort to reduce traffic congestion and enhance regional connectivity in urban areas through the development of public transport infrastructure is expected to bode well for the infrastructure construction market over the forecast period. As a part of the National Reform Program, in April 2016 the government announced plans to invest EUR485.0 million (US$536.3 million) until 2020 for the expansion of the metro rail networks in Lisbon and Oporto. According to Timetric, the infrastructure construction market is expected to post a nominal forecast-period CAGR of 5.14%, as compared to -9.84% registered during the review period.
  • The government aims to transform the country into a digital economy by 2020. Accordingly, under the National Broadband Strategy 2020, the government announced plans to provide internet accessibility with 30.0Mbps speed to all households; and 100.0Mbps internet speed to at least 50.0% of the total population by 2020. This is expected to drive funding towards telecommunication infrastructure projects over the forecast period.
  • Ongoing urbanization in the country is expected to create fresh demand for new residential units over the forecast period. According to Timetric, the residential construction market is expected to increase in importance over the forecast period, to account for 13.1% of the industry’s total value in 2021.


  • Executive Summary
  • Industry Outlook
    • Commercial Construction
    • Industrial Construction
    • Infrastructure Construction
    • Energy and Utilities Construction
    • Institutional Construction
    • Residential Construction
  • Key Issues and Developments
  • Market Data Analysis
    • Construction Output and Value Add
      • Construction output by project type
        • Table Portuguese Construction Output by Project Type (EUR Million), 2012-2016
        • Table Portuguese Construction Output by Project Type (EUR Million), 2016-2021
      • Construction output by cost type
        • Table Portuguese Construction Output by Cost Type (EUR Million), 2012-2016
        • Table Portuguese Construction Output by Cost Type (EUR Million), 2016-2021
      • Construction output by activity type
        • Table Portuguese Construction Output by Activity Type (EUR Million), 2012-2016
        • Table Portuguese Construction Output by Activity Type (EUR Million), 2016-2021
      • Construction value add by project type
        • Table Portuguese Construction Value Add by Project Type (EUR Million), 2012-2016
        • Table Portuguese Construction Value Add by Project Type (EUR Million), 2016-2021
    • Commercial Construction
      • Commercial construction output by project type
        • Table Portuguese Commercial Construction Output by Project Type (EUR Million), 2012-2016
        • Table Portuguese Commercial Construction Output by Project Type (EUR Million), 2016- 2021
      • Commercial construction output by cost type
        • Table Portuguese Commercial Construction Output by Cost Type (EUR Million), 2012-2016
        • Table Portuguese Commercial Construction Output by Cost Type (EUR Million), 2016- 2021
      • Commercial construction output by activity type
        • Table Portuguese Commercial Construction Output by Activity Type (EUR Million), 2012- 2016
        • Table Portuguese Commercial Construction Output by Activity Type (EUR Million), 2016- 2021
      • Commercial construction value add by project type
        • Table Portuguese Commercial Construction Value Add by Project Type (EUR Million), 2012-2016
        • Table Portuguese Commercial Construction Value Add by Project Type (EUR Million), 2016-2021
    • Industrial Construction
      • Industrial construction output by project type
        • Table Portuguese Industrial Construction Output by Project Type (EUR Million), 2012-2016
        • Table Portuguese Industrial Construction Output by Project Type (EUR Million), 2016- 2021
      • Industrial construction output by cost type
        • Table Portuguese Industrial Construction Output by Cost Type (EUR Million), 2012-2016
        • Table Portuguese Industrial Construction Output by Cost Type (EUR Million), 2016-2021
      • Industrial construction output by activity type
        • Table Portuguese Industrial Construction Output by Activity Type (EUR Million), 2012-2016
        • Table Portuguese Industrial Construction Output by Activity Type (EUR Million), 2016-2021
      • Industrial construction value add by project type
        • Table Portuguese Industrial Construction Value Add by Project Type (EUR Million), 2012-2016
        • Table Portuguese Industrial Construction Value Add by Project Type (EUR Million), 2016- 2021
    • Infrastructure Construction
      • Infrastructure construction output by project type
        • Table Portuguese Infrastructure Construction Output by Project Type (EUR Million), 2012-2016
        • Table Portuguese Infrastructure Construction Output by Project Type (EUR Million), 2016-2021
      • Infrastructure construction output by cost type
        • Table Portuguese Infrastructure Construction Output by Cost Type (EUR Million), 2012-2016
        • Table Portuguese Infrastructure Construction Output by Cost Type (EUR Million), 2016-2021
      • Infrastructure construction output by activity type
        • Table Portuguese Infrastructure Construction Output by Activity Type (EUR Million), 2012-2016
        • Table Portuguese Infrastructure Construction Output by Activity Type (EUR Million), 2016-2021
      • Infrastructure construction value add by project type
        • Table Portuguese Infrastructure Construction Value Add by Project Type (EUR Million), 2012-2016
        • Table Portuguese Infrastructure Construction Value Add by Project Type (EUR Million), 2016-2021
    • Energy and Utilities Construction
      • Energy and utilities construction output by project type
        • Table Portuguese Energy and Utilities Construction Output by Project Type (EUR Million), 2012-2016
        • Table Portuguese Energy and Utilities Construction Output by Project Type (EUR Million), 2016-2021
      • Energy and utilities construction output by cost type
        • Table Portuguese Energy and Utilities Construction Output by Cost Type (EUR Million), 2012-2016
        • Table Portuguese Energy and Utilities Construction Output by Cost Type (EUR Million), 2016-2021
      • Energy and utilities construction output by activity type
        • Table Portuguese Energy and Utilities Construction Output by Activity Type (EUR Million), 2012-2016
        • Table Portuguese Energy and Utilities Construction Output by Activity Type (EUR Million), 2016-2021
      • Energy and utilities construction value add by project type
        • Table Portuguese Energy and Utilities Construction Value Add by Project Type (EUR Million), 2012-2016
        • Table Portuguese Energy and Utilities Construction Value Add by Project Type (EUR Million), 2016-2021
    • Institutional Construction
      • Institutional construction output by project type
        • Table Portuguese Institutional Construction Output by Project Type (EUR Million), 2012-2016
        • Table Portuguese Institutional Construction Output by Project Type (EUR Million), 2016-2021
      • Institutional construction output by cost type
        • Table Portuguese Institutional Construction Output by Cost Type (EUR Million), 2012-2016
        • Table Portuguese Institutional Construction Output by Cost Type (EUR Million), 2016-2021
      • Institutional construction output by activity type
        • Table Portuguese Institutional Construction Output by Activity Type (EUR Million), 2012-2016
        • Table Portuguese Institutional Construction Output by Activity Type (EUR Million), 2016- 2021
      • Institutional construction value add by project type
        • Table Portuguese Institutional Construction Value Add by Project Type (EUR Million), 2012-2016
        • Table Portuguese Institutional Construction Value Add by Project Type (EUR Million), 2016-2021
    • Residential Construction
      • Residential construction output by project type
        • Table Portuguese Residential Construction Output by Project Type (EUR Million), 2012-2016
        • Table Portuguese Residential Construction Output by Project Type (EUR Million), 2016-2021
      • Residential construction output by cost type
        • Table Portuguese Residential Construction Output by Cost Type (EUR Million), 2012-2016
        • Table Portuguese Residential Construction Output by Cost Type (EUR Million), 2016-2021
      • Residential construction output by activity type
        • Table Portuguese Residential Construction Output by Activity Type (EUR Million), 2012-2016
        • Table Portuguese Residential Construction Output by Activity Type (EUR Million), 2016-2021
      • Residential construction value add by project type
        • Table Portuguese Residential Construction Value Add by Project Type (EUR Million), 2012-2016
        • Table Portuguese Residential Construction Value Add by Project Type (EUR Million), 2016-2021
  • Company Profile: SDC Investimentos SGPS SA
    • SDC Investimentos SGPS SA - Company Overview
      • Table SDC Investimentos SGPS SA, Key Facts
    • SDC Investimentos SGPS SA - Business Description
    • SDC Investimentos SGPS SA - Main Services
      • Table SDC Investimentos SGPS SA, Main Services
    • SDC Investimentos SGPS SA - History
      • Table SDC Investimentos SGPS SA, History
    • SDC Investimentos SGPS SA - Company Information
      • SDC Investimentos SGPS SA - key competitors
      • SDC Investimentos SGPS SA - key employees
        • Table SDC Investimentos SGPS SA, Key Employees
  • Company Profile: Casais - Engenharia e Construcao SA
    • Casais - Engenharia e Construcao SA - Company Overview
      • Table Casais - Engenharia e Construcao SA, Key Facts
    • Casais - Engenharia e Construcao SA - Main Products and Services
      • Table Casais - Engenharia e Construcao SA, Main Products and Services
    • Casais - Engenharia e Construcao SA - History
      • Table Casais - Engenharia e Construcao SA, History
    • Casais - Engenharia e Construcao SA - Company Information
      • Casais - Engenharia e Construcao SA - key competitors
      • Casais - Engenharia e Construcao SA - key employees
        • Table Casais - Engenharia e Construcao SA, Key Employees
  • Company Profile: Conduril - Engenharia SA
    • Conduril - Engenharia SA - Company Overview
      • Table Conduril - Engenharia SA, Key Facts
    • Conduril - Engenharia SA - Main Services
      • Table Conduril - Engenharia SA, Main Services
    • Conduril - Engenharia SA - History
      • Table Conduril - Engenharia SA, History
    • Conduril - Engenharia SA - Company Information
      • Conduril - Engenharia SA - key competitors
      • Conduril - Engenharia SA - key employees
        • Table Conduril - Engenharia SA, Key Employees
  • Company Profile: Empresa Portuguesa de Obras Subterraneas SA
    • Empresa Portuguesa de Obras Subterraneas SA - Company Overview
      • Table Empresa Portuguesa de Obras Subterraneas SA, Key Facts
    • Empresa Portuguesa de Obras Subterraneas SA - Main Services
      • Table Empresa Portuguesa de Obras Subterraneas SA, Main Services
    • Empresa Portuguesa de Obras Subterraneas SA - History
      • Table Empresa Portuguesa de Obras Subterraneas SA, History
    • Empresa Portuguesa de Obras Subterraneas SA - Company Information
      • Empresa Portuguesa de Obras Subterraneas SA - key competitors
      • Empresa Portuguesa de Obras Subterraneas SA - key employees
        • Table Empresa Portuguesa de Obras Subterraneas SA, Key Employees
  • Company Profile: Mota-Engil SGPS SA
    • Mota-Engil SGPS SA - Company Overview
      • Table Mota-Engil SGPS SA, Key Facts
    • Mota-Engil SGPS SA - Main Services
      • Table Mota-Engil SGPS SA, Main Services
    • Mota-Engil SGPS SA - History
      • Table Mota-Engil SGPS SA, History
    • Mota-Engil SGPS SA - Company Information
      • Mota-Engil SGPS SA - key competitors
      • Mota-Engil SGPS SA - key employees
        • Table Mota-Engil SGPS SA, Key Employees
  • Appendix
    • What is this Report About?
    • Definitions
      • Table Timetric Construction Market Definitions
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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