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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe Construction Market Growth
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, thereby aiding the growth of the Europe construction market.
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.
Europe Construction Market Report Snapshots
Europe Construction Market Size
Europe Construction Market Trends
Europe Construction Market Growth
Europe Construction Market Share
Europe Construction Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
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.
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