Spain Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Spain Construction Market Report Overview
The Spain construction market size was $206.4 billion in 2023. The market will achieve an AAGR of more than 3% during 2025-2028. Spain’s construction industry will grow during the forecast period because of the substantial growth and investments in the non-residential sectors, coupled with an increase in the investments in the energy and industrial sectors.
Spain Construction Market Outlook, 2023-2028 ($ Billion)
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The Spain construction market research report gives 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 the Spanish construction market growth in the coming years.
Market Size (2023) | $206.4 billion |
AAGR (2025-2028) | >3% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Actividades de Construccion y Servicios SA
· Acciona SA · ACS Group · Sacyr SA · Grupo Carso SA de CV |
Key Consultants | · Tecnica Y Proyectos SA
· INECO · Impulsa Group · GEODATA SpA · Ayesa |
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Spain Construction Market Segmentation by Sectors
The residential construction sector accounted for the highest market share in the Spain construction market in 2023
The key sectors in the Spain construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. A rebound in tourism activities and investments in leisure and hospitality, office, data center, and sports infrastructure projects will drive the commercial construction sector growth during the forecast period
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 the industrial sector and the construction of battery manufacturing plants will propel the industrial construction sector growth in the coming years.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The government’s focus on developing transport infrastructure and enhancing regional connectivity will support the infrastructure sector’s output over 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 will drive the sector growth between 2025 and 2028.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The government investment in healthcare, education, and research and development sectors, will fuel the growth of the institutional 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 goal of mobilizing EUR10 billion for housing initiatives until 2025 will fuel the residential construction sector growth over the forecast period..
Spain Construction Market Analysis by Sectors, 2023 (%)
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Spain Construction Market - Competitive Landscape
Actividades de Construccion y Servicios SA emerged as the leading contractor and Tecnica Y Proyectos SA as the leading consultant in the Spain construction market in 2023
A few of the leading contractors in the Spain construction market are:
- Actividades de Construccion y Servicios SA
- Acciona SA
- ACS Group
- Sacyr SA
- Grupo Carso SA de CV
Domestic contractors account for most of the project pipeline in the Spain construction market for which a contract has been awarded.
Spain Construction Market Analysis by Contractors, 2023 (%)
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A few of the leading consultants in the Spain construction market are:
- Tecnica Y Proyectos SA
- INECO
- Impulsa Group
- GEODATA SpA
- Ayesa
Consultants with a headquarters in Spain are involved in most of the project pipeline by value.
Spain Construction Market Analysis by Consultants, 2023 (%)
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Spain Construction Market - Latest Developments
- The government announced an energy subsidy in January 2024. This subsidy will support 36 energy storage projects across the country which will attract a huge investment into the country
Segments Covered in the Report
Spain Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- 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 Spain.
- Historical and forecast valuations of the construction industry in Spain, 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
Table
Figures
Frequently asked questions
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What was the construction market size in Spain in 2023?
The construction market size in Spain was $206.4 billion in 2023.
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What will the Spain construction market growth rate be during the forecast period?
The construction market in Spain is projected to achieve an AAGR of more than 3% during 2025-2028.
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Which sector accounted for the highest share of the Spain construction market in 2023?
The residential construction sector accounted for the highest market share in the Spanish construction market in 2023.
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Which are the leading contractors in the Spanish construction market?
A few of the leading contractors in the Spanish construction market are Actividades de Construccion y Servicios SA, Acciona SA, ACS Group, Sacyr SA, Grupo Carso SA de CV among others.
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Which are the leading consultants in the Spanish construction market?
A few of the leading consultants in the Spanish construction market are Tecnica Y Proyectos SA, INECO, Impulsa Group, GEODATA SpA, Ayesa among others.
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