Reports
Reports
Sale
The Europe construction market size attained a value of approximately USD 2,752.75 billion in 2023. The market is projected to grow at a CAGR of 4.9% in the forecast period of 2024-2032, reaching a value of around USD 4,233.96 billion by 2032.
Year | Europe Construction Industry Turnover | Biggest Construction Firm in Europe | UK’s GVA of Construction Industry | EU Home Ownership | EU Rented Housing | Construction Projects |
2020 | EUR 1,715 billion | -- | -- | -- | -- | -- |
2021 | -- | VINCI SA (France) | -- | -- | -- | -- |
2022 | -- | -- | -- | 69% | 31% | -- |
2023 | -- | -- | Over GBP 4 billion | -- | -- | -- |
2024 | -- | -- | -- | -- | -- | Paris 2024 Olympics |
Construction refers to the process of assembling buildings, infrastructures, and other structures, which can be public or private. The process of construction encompasses a series of technicalities, including planning, design, financing, and project execution. Some types of construction include residential building and renovation, commercial and industrial construction, as well as infrastructure construction.
Rising concerns about climate change and the environmental impact of construction activities are transforming the Europe construction market landscape. According to the European Environment Agency, the building sector is one of the key contributors to energy-related emissions in Europe, representing a total of 35% in 2021.
Due to this, various European construction companies are switching to sustainable and bio-based building materials to improve the energy efficiency of construction operations. Sustainable building materials are commonly derived from renewable resources, and meticulously crafted to minimise environmental impact across their life cycle. Such materials encompass recycled content, responsibly sourced wood, and alternative substances that require fewer resources and energy during the production process.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Rising emphasis on sustainable construction, advancements in technologies for construction activities, and the rising government investments are propelling Europe construction market development
Date | Company | Project Details | Location | Value |
January 2024 | Bouygues Construction | Four major projects: hospital, residential complex, two office buildings | Switzerland | EUR 410 million |
January 2024 | Skanska AB | Refurbishment and enlargement of commercial office structure | Trondheim, Norway | USD 64 million |
September 2023 | VINCI Construction Grands Project | Construction of 180,000 cubic meter liquified natural gas tank | Netherlands | EUR 160 million |
September 2023 | VINCI Group | Transformation of living spaces and infrastructures for 2024 Paris Olympic and Paralympic Games | France | N/A |
Trends | Impact |
Rising demand for multifamily construction | Due to rapid urbanisation, rising house ownership prices, and changing consumer preferences, many multi-families housing construction projects are in progress. |
Increasing focus on renovation projects | Development of old infrastructure and monuments to improve energy efficiency have led to initiation of several renovation projects in Europe. |
Implementation of the latest technologies for planning and building | Building information modelling and augmented and virtual reality aids in improvement of construction projects and worker safety and can be termed as a key trend. |
Transition towards sustainable construction practices | Construction sector accounts for a major portion of the total greenhouse gas emissions and key players are now focusing on the development of energy-efficient buildings. |
Government investments in infrastructural development | European Union and governments investing in strategic and sustainable infrastructure development plans has resulted in investment of billions in infrastructure development. |
The increasing investments in infrastructure development by governments and the European Union are likely to be a major factor influencing the Europe construction market growth. Countries in the region regularly establish comprehensive policy frameworks to guide infrastructural development. These frameworks are often established individually or collectively through the European Union.
According to European construction industry statistics, in 2023, the European Commission announced its plan to invest EUR 6.2 billion in 107 selected transport infrastructure projects in EU grants from the Connecting Europe Facility, which can increase the Europe construction market value. More than 80% of the total funds allotted will be direct towards projects that are aimed at improving the sustainability and efficiency of key transportation networks, such as the railroads, inland waterways, and marine routes of the trans-European transport network (TEN-T).
Challenge | Impact |
Lack of skilled labour | Reduced productivity, increased costs, and delayed projects |
Environmental regulations | Higher compliance costs, need for innovation and adaptation, and potential penalties for non-compliance |
Brexit | Trade barriers, labor mobility issues, currency fluctuations, and legal uncertainties |
Digital transformation | Opportunities for efficiency, quality, and customer satisfaction, but also challenges of investment, training, and cyber security |
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Europe Construction Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup | Categories |
End Use | Residential, Healthcare, Hospitality, Others |
Residential Buildings and Single Units | Apartments/Flats, Detached Houses, Semi-Detached, Terraced Houses, Others |
Country | Germany, United Kingdom, France, Italy, Others |
Based on residential end use, the market is sub-segmented into private housing and other buildings and single units.
Residential sector helps in expansion of the market due to the rising demand for multi-family housing
According to the Europe construction market analysis, the residential sector is expected to develop substantially during the forecast period. There is an increasing demand for the development of multi-family housing construction due to rising urbanisation and the growing population of countries in Europe.
For instance, the Sackville Road Residential Community project encompasses the construction of six blocks of varying heights, ranging from 2 to 15 stories. These blocks are strategically designed to create a cohesive and integrated residential space that caters to diverse housing needs. The project, valued at USD 332 million, represents a significant investment in the construction of a residential community in Hove, the United Kingdom.
Meanwhile, as per the Europe construction market report, the healthcare sector, driven by factors such as government healthcare spending, demographic changes (like an ageing population), and the need for modern medical facilities, witnessed a noticeable increase on expanding and modernising healthcare infrastructure, especially after the COVID-19 pandemic. Moreover, the hospitality sector, encompassing hotels, resorts, and other leisure facilities, typically follows trends in tourism and business travel.
The table below shows key data and statistics for three sectors in the Europe construction market.
Sector | Data/Statistic |
Residential | 1.97M dwellings completed in EU-27 in 2020 (-2.9% from 2019) |
Residential | 63.8% of EU-27 dwellings completed in 2020 by 5 countries |
Residential | New dwellings price +5.1% and existing dwellings price +7.3% in EU-27 in 2020 |
Hospitality | Nights spent in tourist accommodation in EU-27 -52.3% in 2020 |
Hospitality | Hotel occupancy rate 33.8% and average daily rate EUR 86.75 in Europe in 2020 |
Hospitality | 212,637 rooms in 1,744 hotel projects in Europe as of Jan 2021 (-7.2% in rooms and -6.3% in projects) |
Healthcare | Health expenditure EUR 1.13T or 9.9% of GDP in EU-27 in 2019 |
Healthcare | France, Germany, and Sweden had the highest health expenditure shares of GDP in EU-27 in 2019 (11.3%, 11.2%, and 10.9%) |
Healthcare | EU-27 average of 36.4 hospital beds per 10K inhabitants in 2019 (6.1 in Cyprus to 82.8 in Germany) |
The development of apartments, flats, and detached houses aids the market growth
Construction of apartments/flats and detached houses play a crucial role in propelling the demand for construction in the European market. The construction of these different types of housing responds to the varied needs and preferences of residents, contributes to urban and suburban development, and stimulates economic activity in the construction sector. Moreover, the increasing focus on the renovation and reconstruction of buildings, as well as the integration of various technologies in construction activities has led to the segment’s growth.
According to Europe construction market estimates, in North Macedonia, 71.2% of the population lives in a detached house, whereas flats are more common in the Baltics and southern and central Europe, with Spain having the highest proportion of people living in flats at 65.7%. The United Kingdom, Ireland, the Netherlands, and Belgium are the only European countries where the most people live in an apartment or terraced house.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Construction companies in Europe are adopting sustainable construction methods to demonstrate their commitment to high environmental standards
Company | Year Founded | Headquarters | Focus |
VINCI SA | 1899 | Nanterre, France | Construction, energy, and concessions |
ACS Group | 1916 | Wisconsin, United States | Designing, manufacturing, and marketing of auxiliary products for the plastics processing sector |
Skanska AB | 1887 | Stockholm, Sweden | Construction and development for transportation, healthcare, energy, and industrial players |
Bouygues Construction | 1952 | Paris, France | Building, infrastructure, energy, and services |
Other key players in the Europe construction market include Hochtief AG, Eiffage S.A., STRABAG International GmbH, Balfour Beatty plc, Ferrovial S.A., and Acciona, S.A, among others.
Germany holds a substantial market share as the country has passed many housing policies to facilitate development of residential sector
Sustainable construction methods have gained substantial traction in the European construction industry, reflecting a commitment to environmental responsibility, resource efficiency, and the long-term well-being of communities. Green building certification systems such as Leadership in Energy and Environmental Design (LEED), Building Research Establishment Environmental Assessment Method (BREEAM), and the German Sustainable Building Council (DGNB) provide benchmarks for sustainable construction.
In terms of residential infrastructure development, Germany construction market holds a significant portion of the European construction market. Germany has enacted housing policies designed to foster and facilitate residential development. These initiatives include providing subsidies for energy-efficient construction, offering incentives for urban development, and establishing regulatory frameworks that champion sustainable housing practices.
On the other hand, United Kingdom and France have been increasingly focusing on civil infrastructure development. Some of the major ongoing projects include Hinkley Point C, the restoration of the Palace of Westminister, Grand Paris Express, and the Nantes New CHU Hospital Development, which can accelerate the Europe construction market growth.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by End Use |
|
Breakup by Residential Buildings and Single Units |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Construction Market Overview
8.1 Key Industry Highlights
8.2 Global Construction Historical Market (2018-2023)
8.3 Global Construction Market Forecast (2024-2032)
8.4 Global Construction Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe Construction Market Overview
9.1 Key Industry Highlights
9.2 Europe Construction Historical Market (2018-2023)
9.3 Europe Construction Market Forecast (2024-2032)
10 Europe Construction Market by End Use
10.1 Residential
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Residential Type
10.1.3.1 Private Housing
10.1.3.2 Other Buildings and Single Units
10.2 Healthcare
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Hospitality
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Europe Construction Market by Residential Buildings and Single Units
11.1 Apartments/Flats
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Detached Houses
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Semi-Detached
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Terraced Houses
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Europe Construction Market by Country
12.1 Germany
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 United Kingdom
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 France
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Italy
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 VINCI SA
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 ACS Group
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Skanska AB
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Bouygues Construction
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Hochtief AG
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Eiffage S.A.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 STRABAG International GmbH
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Balfour Beatty plc
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Ferrovial S.A.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Acciona, S.A
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Construction Market: Key Industry Highlights, 2018 and 2032
2. Europe Construction Market: Key Industry Highlights, 2018 and 2032
3. Europe Construction Historical Market: Breakup by End Use (USD Million), 2018-2023
4. Europe Construction Market Forecast: Breakup by End Use (USD Million), 2024-2032
5. Europe Construction Historical Market: Breakup by Residential Buildings and Single Units (USD Million), 2018-2023
6. Europe Construction Market Forecast: Breakup by Residential Buildings and Single Units (USD Million), 2024-2032
7. Europe Construction Historical Market: Breakup by Country (USD Million), 2018-2023
8. Europe Construction Market Forecast: Breakup by Country (USD Million), 2024-2032
9. Europe Construction Market Structure
In 2023, the Europe construction market reached an approximate value of USD 2,752.75 billion.
The market is expected to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 4,233.96 billion by 2032.
Construction is any project that starts with a design for a structure at a specific location and ends with assembling all the components to build that structure.
Europe market is being aided by the rising demand for affordable housing, the surging construction of commercial buildings, and the growing infrastructural development activities.
The key trends propelling the market expansion include technological advancements, the development of green energy infrastructure, and the adoption of sustainable construction practices that can reduce emissions.
The major countries in the market in Europe are the United Kingdom, Germany, France, and Italy, among others.
The major end uses of construction in the market are residential, commercial, healthcare, and hospitality, among others.
The significant residential buildings and single units segments in the market include apartments/flats, detached houses, semi-detached, and terraced houses, among others.
Key players in the market are VINCI SA, ACS Group, Skanska AB, Bouygues Construction, Hochtief AG, Eiffage S.A., STRABAG International GmbH, Balfour Beatty plc, Ferrovial S.A., and Acciona, S.A, among others.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.