Portugal Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Portugal Construction Market Report Overview
The Portugal construction market size was $31.6 billion in 2023. The market will achieve an AAGR of more than 1% during 2025-2028. The growth is attributed to the increase in investments in transport and renewable energy infrastructure, with improvements in the electric vehicle market.
Portugal Construction Market Outlook, 2023-2028 ($ Billion)
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The Portugal construction market research report offers a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence Portugal’s construction market growth in the coming years.
Market Size (2023) | $31.6 billion |
AAGR (2025-2028) | >1% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2023 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Mota-Engil SGPS SA
· Tecnovia SGPS SA · Teixeira Duarte SA · Ferrovial SA · Acciona SA |
Key Consultants | · ARX Portugal Arquitectos lda
· Technoedif Engenharia · Hidromod Modelacao em Engenharia, Lda · Consulmar · Profico Ambiente e Ordenamento Lda |
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Portugal Construction Market Segmentation by Sectors
Infrastructure construction accounted for the highest share of the Portugal construction market in 2023
The key sectors in the Portugal construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The government’s focus on developing the country’s transport infrastructure and enhancing regional connectivity will drive infrastructure construction sector during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The government’s plan to develop social housing, coupled with private sector investment in new housing will drive residential construction sector devepment during the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. Investments in renewable energy projects in line with the country’s target of achieving “net zero by 2050,” will facilitate energy and utilities construction sector growth from 2025 to 2028.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The increased investments in hotel construction in line with increasing number of tourist arrivals will fuel commercial construction sector in the coming years.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. Investments in green hydrogen plants will positively impact the industrial construction sector during the forecast period.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Investments in educational and healthcare infrastructure will fuel the institutional construction sector growth in the coming years.
Portugal Construction Market Analysis by Sectors, 2023 (%)
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Portugal Construction Market - Competitive Landscape
Mota-Engil SGPS SA emerged as the leading contractor in the Portugal construction market in 2023
A few of the leading contractors in the Portugal construction market are:
- Mota-Engil SGPS SA
- Tecnovia SGPS SA
- Teixeira Duarte SA
- Ferrovial SA
- Acciona SA
Domestic contractors account for most of the project pipeline in the Portugal construction market. Firms based in Spain and the Netherlands are the dominant foreign contractors in the Portugal construction market.
Portugal Construction Market Analysis by Contractors, 2023 (%)
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ARX Portugal Arquitectos lda as the leading consultant in the Portugal construction market in 2023
A few of the leading consultants in the Portugal construction market are:
- ARX Portugal Arquitectos lda
- Technoedif Engenharia
- Hidromod Modelacao em Engenharia, Lda
- Consulmar
- Profico Ambiente e Ordenamento Lda
Domestic consultants account for a majority share of the project pipeline for which a contract has been awarded.
Portugal Construction Market Analysis by Consultants, 2023 (%)
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Portugal Construction Market - Latest Developments
- In early January 2024, the government set aside some fund for the construction of high-speed rail between Porto and Valença. Mercan Group, a Canadian company, announced in January 2024 that it would invest in the construction of eight hotels in Portugal, including the 452-key Hard Rock Hotel at Vau Beach, which is expected to open in 2026.
- According to the INE, the total number of nights spent by tourists in the accommodation establishments rose in November 2023, preceded in October and September 2023. In cumulative terms, the total number of nights spent by tourists in the accommodation establishments rose in the first eleven months of 2023, rising in January–November 2022 to January–November 2023.
Segments Covered in the Report
Portugal Construction Sectors Outlook (Value, $ Billion, 2018-2028)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in Portugal.
- Historical and forecast valuations of the construction industry in Portugal, featuring details of key growth drivers.
- Segmentation by sector and by sub-sector.
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants.
Reasons to Buy
- Identify and evaluate market opportunities using GlobalData’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 GlobalData’s critical and actionable insight.
- Assess business risks, including cost, regulatory, and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
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Figures
Frequently asked questions
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What was the Portugal construction market size in 2023?
The construction market size in Portugal was $31.6 billion in 2023.
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What will the Portugal construction market growth rate be during the forecast period?
The construction market in Portugal is projected to achieve an AAGR of more than 1% during 2025-2028.
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Which was the leading sector in the Portugal construction market in 2023?
Infrastructure construction accounted for the highest share of the Portugal construction market in 2023.
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Which are the leading contractors in the Portugal construction market?
The leading contractors in the Portugal construction market are Mota-Engil SGPS SA, Tecnovia SGPS SA, Teixeira Duarte SA, Ferrovial SA, Acciona SA among others.
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Which are the leading consultants in the Portugal construction market?
The leading consultants in the Portugal construction market are ARX Portugal Arquitectos lda, Technoedif Engenharia, Hidromod Modelacao em Engenharia, Lda, Consulmar, Profico Ambientee Ordenamento Lda among others.
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