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The Future of the Construction Market in Europe

In a world where the COVID-19 pandemic has impacted the construction industry significantly over the last two years, you need to be able to keep up to date with industry trends and issues, as well key risks and opportunities in the European construction industry.

This report compendium provides detailed market analysis, information and insights into European construction industry. With historical and forecast valuations of the industry, featuring details of key growth drivers. We also explore segmentations by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector.

Scope

Construction in Romania – Key Trends and Opportunities to 2025 (H2 2021)

The Romanian construction industry recorded a muted performance in the first three quarters of this years, and given the recent surge of Coronavirus (COVID-19) cases since late September 2021, which is likely to have weighed on economy activity.

Construction in Russia – Key Trends and Opportunities to 2025

The construction market output in Russia was valued at US$170.60 billion in 2020 and is forecast to record growth of more than 4% in 2021. The Russian construction market is expected to grow owing to progress in public and private sector investments in construction works. Residential construction represented the largest sector in 2020 followed by energy and utilities, infrastructure, commercial, industrial and institutional.

Construction in Sweden – Key Trends and Opportunities to 2025

Sweden’s construction industry managed to record marginal growth in 2020 – a relatively positive outturn considering the widespread downturn in the industry across Europe amid the disruption caused by the COVID-19 pandemic. GlobalData expects the Swedish construction industry to grow by 1.8% this year, and register an annual average growth of 2.1% between 2022-2025. The outlook for positive growth mainly reflects the ongoing expansion in the residential and infrastructure sectors, offsetting the weakness in the commercial sector.

Construction in Spain – Key Trends and Opportunities to 2025

The construction market in Spain is projected to register an average annual growth of more than 4% between 2022-2025. The government’s plan to spend EUR27 billion (US$29.7 billion) under the Next Generation EU (NGEU) Recovery Fund is expected to be a major driver in 2022 and in the following years. The construction industry has been hampered by supply shortages and rising construction material prices, and owing to a worse performance than had expected.

Construction in Germany – Key Trends and Opportunities to 2025

The industry’s output over the forecast period will be supported by the government’s focus on the development of green infrastructure as part of its climate change strategy. The government has also supported the construction sector through its fiscal policy response to the Coronavirus (COVID-19) outbreak, announcing an additional EUR3.1 billion (US$3.5 billion) each year between 2021 and 2024 on public investment in infrastructure, including roads and railways and the construction of affordable housing.

Construction in the UK (United Kingdom) – Key Trends and Opportunities to 2025

GlobalData estimates that the UK construction industry expanded by 13.1% in real terms in 2021 but given the severity of the decline in 2020 (of 15%), output in 2021 was still 3.8% below the 2019 level. The recovery in construction output thus far has been driven by a surge in spending on infrastructure and housing. The industry is expected to return to pre-pandemic levels in 2022, with an expansion of 6.5%.

Construction in Italy – Key Trends and Opportunities to 2025

While the construction industry is expected to rebound strongly, following a difficult 2020 for the industry, a downside risk for the industry’s outlook arises from the recent price pressures in the Eurozone, driven by shortages in raw materials. However, the government is set to receive EUR191.5 billion (US$233 billion) in total under the EU Recovery and Resilience Facility (RRF), which is part of the Next Generation EU plan. Over the remainder of the forecast period, the industry is expected to register an annual average growth of 2% between 2022-2025, supported by investments in housing, healthcare, transport, energy and tourism infrastructure projects.

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Table of Contents

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 COVID-19 Status

3.5 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

7.4 GlobalData Construction

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