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Spain Construction Market Size, Share, Analysis, Growth: By Construction Type: New Construction, Renovations; By End Use: Commercial, Residential, Industrial, Institutional; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Spain Construction Market Outlook
The Spain construction market size reached USD 180.80 billion in 2023. The market is projected to grow at a CAGR of 2.7% between 2024 and 2032, reaching almost USD 229.79 billion by 2032.
Key Takeaways
- Madrid is expected to dominate the Spain construction market over the forecast period.
- Green construction practices are expected to emerge as a key market trend in Spain.
- Residential construction is expected to witness increasing growth in the market with technological advancements.
Increasing investments in infrastructure development are likely to propel the Spain construction market growth over the forecast period. This can be attributed to the Spanish government’s objective of expanding its reach to Latin American and Asian countries and becoming the most attractive destination for doing business in Europe. Airport and seaport development are expected to lead the infrastructure development activities in Spain in the coming years.
Building renovations are expected to constitute a major portion of the Spain construction market share. This is because of increasing accidents of fire breakouts reported from buildings located in major cities. Old buildings, constructed from combustible materials and having poor fire safety equipment in place, are posing significant health and safety hazards to their occupants, thereby driving the demand for renovations.
The shift towards renewable energy sources to power houses and power plants is also expected to drive the Spain construction market expansion. It is expected that the rising volume of waste generated in Europe can be repurposed for producing 400 tons of green hydrogen annually, thereby boosting the status of energy security in the region. Spain is expected to emerge as a key player in the establishment of large-scale hydrogen-producing power plants, thereby driving the market growth.
Market Segmentation
Spain Construction Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Construction Type
- New Construction
- Renovations
Market Breakup by End Use
- Commercial
- Residential
- Industrial
- Institutional
Market Breakup by Region
- Andalusia
- Catalonia
- Madrid
- Valencian Community
- Rest of Spain
The key Spain construction market players are ACS, Actividades De Construccion Y Servicios, SA, Acciona SA, Fomento de Construcciones y Contratas SA, ELECNOR, S.A., Cobra Gestion De Infraestructuras, SLU, Ferrovial S.E., Obrascon Huarte Lain S.A., SACYR S.A., Grupo Empresarial San Jose SA, and Tecnicas Reunidas SA, among others.
Key Highlights of the Report
| 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 Construction Type |
|
| Breakup by End Use |
|
| 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 Market 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 Europe Construction Market Overview
8.1 Key Industry Highlights
8.2 Europe Construction Historical Market (2018-2023)
8.3 Europe Construction Market Forecast (2024-2032)
9 Spain Construction Market Overview
9.1 Key Industry Highlights
9.2 Spain Construction Historical Market (2018-2023)
9.3 Spain Construction Market Forecast (2024-2032)
10 Spain Construction Market by Construction Type
10.1 New Construction
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Renovations
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Spain Construction Market by End Use
11.1 Commercial
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Residential
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Industrial
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Institutional
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Spain Construction Market by Region
12.1 Andalusia
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Catalonia
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Madrid
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Valencian Community
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Rest of Spain
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 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 ACS, Actividades De Construccion Y Servicios, 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 Acciona SA
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 Fomento de Construcciones y Contratas SA
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 ELECNOR, S.A.
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 Cobra Gestion De Infraestructuras, SLU
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 Ferrovial S.E.
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 Obrascon Huarte Lain S.A.
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 SACYR S.A.
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 Grupo Empresarial San Jose SA
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 Tecnicas Reunidas SA
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. Europe Construction Market: Key Industry Highlights, 2018 and 2032
2. Spain Construction Market: Key Industry Highlights, 2018 and 2032
3. Spain Construction Historical Market: Breakup by Construction Type (USD Billion), 2018-2023
4. Spain Construction Market Forecast: Breakup by Construction Type (USD Billion), 2024-2032
5. Spain Construction Historical Market: Breakup by End Use (USD Billion), 2018-2023
6. Spain Construction Market Forecast: Breakup by End Use (USD Billion), 2024-2032
7. Spain Construction Historical Market: Breakup by Region (USD Billion), 2018-2023
8. Spain Construction Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. Spain Construction Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 180.80 billion in 2023.
The market is projected to grow at a CAGR of 2.7% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 229.79 billion in 2032.
The different construction types in the market include new construction and renovations.
The major end users of construction include commercial, residential, industrial, and institutional.
The major regions in the market include Andalusia, Catalonia, Madrid, Valencian Community, and rest of Spain.
The key market players are ACS, Actividades De Construccion Y Servicios, SA, Acciona SA, Fomento de Construcciones y Contratas SA, ELECNOR, S.A., Cobra Gestion De Infraestructuras, SLU, Ferrovial S.E., Obrascon Huarte Lain S.A., SACYR S.A., Grupo Empresarial San Jose SA, and Tecnicas Reunidas SA, among others.
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