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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe Construction Market Size
The Europe construction market attained a value of approximately USD 2,752.75 billion in 2023. The market is projected to grow at a CAGR of 4.9% in the forecast period of 2024-2032, reaching a value of around USD 4,233.96 billion by 2032.
Europe Construction Market Outlook
- According to the 67th Edition of the European Construction Industry Federation (FIEC) Statistical Report, residential construction investment continued to increase steadily from 2015 to 2021 in the European Union.
- Currently residential construction investment in Europe stands at 122 with reference to the year 2015=100.
- In the residential segment, too, a slight decline is predicted post-2021 to around 118 by 2024.
- According to Europe construction market analysis, the non-residential index is slightly higher than the residential index at over 110 in 2021 and stays that way, with slight fluctuations, but hovers around 112 until 2024.
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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