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Construction Market in Spain by Application and Type - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 120
  • SKU: IRTNTR73178
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The construction market share in Spain is expected to increase to USD 14.54 billion from 2021 to 2026, at a CAGR of 3.5%.

This construction market in Spain research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the construction market in Spain segmentation by application (commercial and residential) and type (rehabilitation and maintenance and new projects).

What will the Construction Market Size in Spain be During the Forecast Period?

Construction Market Size

Download the Free Report Sample to Unlock the Construction Market Size in Spain for the Forecast Period and Other Important Statistics

The construction market in Spain report also offers information on several market vendors, including Abengoa SA, Acciona SA, Actividades de Construccion y Servicios SA, Administrator of Railway Infrastructures, AECOM, Cosentino SA, Elecnor SA, Ferrovial SA, Fluor Corp., Fomento de Construcciones y Contratas SA, Grupo eulen, Isolux Corsan, Obrascon Huarte Lain SA, Roca Sanitario SA, Sacyr SA, SENER GRUPO DE INGENIERIA SA, Site and Field Global Solutions SLU, Tecnicas Reunidas SA, Tsk Electronica Y Electricidad SA, and URBASER SA among others.

Construction Market in Spain: Key Drivers, Trends, and Challenges

The growing demand for modular houses is notably driving the construction market growth in Spain, although factors such as lack of workforce in the construction industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the construction industry in Spain. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Construction Market Driver in Spain

  • One of the key factors driving Spain's construction market growth is the growing demand for modular houses due to the rising housing rents and the high cost of building new houses.
  • Spain has one of the highest shares of modular houses in Europe.
  • Manufacturers can use robots to achieve quick delivery times and high accuracy.
  • Most of the modular houses in Spain today are significantly prefabricated using timber-frame as the raw material.
  • The low cost of these houses compared with that of the traditional houses has increased their demand among students and singles in large cities wherein house rents and purchases are high. Such factors will drive market growth during the forecast period.

Key Construction Market Trend in Spain

  • An increase in public infrastructure spending by the government is one of the key construction market trends in Spain that is expected to impact the industry positively in the forecast period. 
  • In January 2022, the Spanish government approved the affordable housing plan for young people through a National State Plan for Access to Housing 2022-2025, endowed with USD 475.91 million and a rental aid voucher for young people, with a budget of USD 220.33 million, Euractiv partner EFE reported. In comparison to the previous year, the government had already committed to an 8% rise in budget spending in 2020.
  • A large Spanish EPC is only interested in multibillion-dollar projects, but smaller and highly experienced SMEs in the area play a significant role in small projects.
  • The increasing investment by the government in public infrastructure will be led to market growth in the coming years.

Key Construction Market Challenge in Spain

  • One of the key challenges to the construction market growth in Spain is the lack of workforce in the construction industry.
  • The issue of lack of skilled workforce is paramount in other European countries also. This implies that the outsourcing of workforce from other countries is also more difficult.
  • According to the Ministry of Land Spain, the lack of a skilled workforce is one of the significant issues hindering the growth of industries in Spain.
  • Most immigrants lack the required language knowledge and skills. Therefore, they are primarily employed for unskilled work.
  • A few companies are investing in vocational training courses for migrants to upskill them. However, the uncertainties regarding the inclusion of migrants in Spain have slowed down the pace of companies recruiting them. This is expected to limit the market growth during the forecast years.

This construction market in Spain analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the construction market in Spain as a part of the global construction and engineering market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the construction market in Spain during the forecast period.

Who are the Major Construction Market Vendors in Spain?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Abengoa SA
  • Acciona SA
  • Actividades de Construccion y Servicios SA
  • Administrator of Railway Infrastructures
  • AECOM
  • Cosentino SA
  • Elecnor SA
  • Ferrovial SA
  • Fluor Corp.
  • Fomento de Construcciones y Contratas SA
  • Grupo eulen
  • Isolux Corsan
  • Obrascon Huarte Lain SA
  • Roca Sanitario SA
  • Sacyr SA
  • SENER GRUPO DE INGENIERIA SA
  • Site and Field Global Solutions SLU
  • Tecnicas Reunidas SA
  • Tsk Electronica Y Electricidad SA
  • URBASER SA

 

This statistical study of the construction market in Spain encompasses successful business strategies deployed by the key vendors. The construction market in Spain is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Acciona SA - The company offers real estate development, supported by a range of complementary services, whose purpose is to design the sustainable cities of the future in complete harmony with environmental protection. 
  • Acciona SA - In February 2022, the company announced the acquisition of Eqinov to come up as an ideal position within a structurally growing energy efficiency market and to become the energy flexibility and demand aggregation market leader.  

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The construction market in Spain forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Construction Market in Spain Value Chain Analysis

Our report provides extensive information on the value chain analysis for the construction market in Spain, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Application Segments in the Construction Market in Spain?

Construction Market Market segmentation by region

To gain further insights on the market contribution of various segments Request for a FREE sample

The construction market share growth in Spain by the commercial segment will be significant during the forecast period. The increase in commercial and industrial building constructions will drive market growth through this segment in the coming years. The advent of new investors searching for optional returns to variable and fixed lease speculations will also be driving demand from retail and hotel, and catering activities in the commercial property industry.

This report provides an accurate prediction of the contribution of all the segments to the growth of the construction market size in Spain and actionable market insights on the post-COVID-19 impact on each segment.

 

Construction Market Scope in Spain

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 3.5%

Market growth 2022-2026

$ 14.54 billion

Market structure

Fragmented

YoY growth (%)

3.75

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Abengoa SA, Acciona SA, Actividades de Construccion y Servicios SA, Administrator of Railway Infrastructures, AECOM, Cosentino SA, Elecnor SA, Ferrovial SA, Fluor Corp., Fomento de Construcciones y Contratas SA, Grupo eulen, Isolux Corsan, Obrascon Huarte Lain SA, Roca Sanitario SA, Sacyr SA, SENER GRUPO DE INGENIERIA SA, Site and Field Global Solutions SLU, Tecnicas Reunidas SA, Tsk Electronica Y Electricidad SA, and URBASER SA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Construction Market in Spain Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive construction market growth in Spain during the next five years
  • Precise estimation of the construction market size in Spain  and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the construction industry across Spain
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of construction market vendors in Spain 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 11: Chart on Spain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 12: Data Table on Spain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 13: Chart on Spain: Year-over-year growth 2021-2026 (%)
      • Exhibit 14: Data Table on Spain: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 15: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 22: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 23: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 24: Chart on Comparison by Application
      • Exhibit 25: Data Table on Comparison by Application
    • 5.3 Commercial - Market size and forecast 2021-2026
      • Exhibit 26: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
      • Exhibit 27: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
      • Exhibit 28: Chart on Commercial - Year-over-year growth 2021-2026 (%)
      • Exhibit 29: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
    • 5.4 Residential - Market size and forecast 2021-2026
      • Exhibit 30: Chart on Residential - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
      • Exhibit 32: Chart on Residential - Year-over-year growth 2021-2026 (%)
      • Exhibit 33: Data Table on Residential - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 34: Market opportunity by Application ($ million)

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 35: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 36: Data Table on Type - Market share 2021-2026 (%)
    • 6.2 Comparison by Type
      • Exhibit 37: Chart on Comparison by Type
      • Exhibit 38: Data Table on Comparison by Type
    • 6.3 Rehabilitation and maintenance - Market size and forecast 2021-2026
      • Exhibit 39: Chart on Rehabilitation and maintenance - Market size and forecast 2021-2026 ($ million)
      • Exhibit 40: Data Table on Rehabilitation and maintenance - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Chart on Rehabilitation and maintenance - Year-over-year growth 2021-2026 (%)
      • Exhibit 42: Data Table on Rehabilitation and maintenance - Year-over-year growth 2021-2026 (%)
    • 6.4 New projects - Market size and forecast 2021-2026
      • Exhibit 43: Chart on New projects - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Data Table on New projects - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Chart on New projects - Year-over-year growth 2021-2026 (%)
      • Exhibit 46: Data Table on New projects - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 47: Market opportunity by Type ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 48: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 49: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 50: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 51: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 52: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 53: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 54: Matrix on vendor position and classification
            • 10.3 Acciona SA
              • Exhibit 55: Acciona SA - Overview
              • Exhibit 56: Acciona SA - Business segments
              • Exhibit 57: Acciona SA - Key news
              • Exhibit 58: Acciona SA - Key offerings
              • Exhibit 59: Acciona SA - Segment focus
            • 10.4 Actividades de Construccion y Servicios SA
              • Exhibit 60: Actividades de Construccion y Servicios SA - Overview
              • Exhibit 61: Actividades de Construccion y Servicios SA - Product / Service
              • Exhibit 62: Actividades de Construccion y Servicios SA - Key offerings
            • 10.5 Administrator of Railway Infrastructures
              • Exhibit 63: Administrator of Railway Infrastructures - Overview
              • Exhibit 64: Administrator of Railway Infrastructures - Product / Service
              • Exhibit 65: Administrator of Railway Infrastructures - Key offerings
            • 10.6 Elecnor SA
              • Exhibit 66: Elecnor SA - Overview
              • Exhibit 67: Elecnor SA - Business segments
              • Exhibit 68: Elecnor SA - Key offerings
              • Exhibit 69: Elecnor SA - Segment focus
            • 10.7 Ferrovial SA
              • Exhibit 70: Ferrovial SA - Overview
              • Exhibit 71: Ferrovial SA - Business segments
              • Exhibit 72: Ferrovial SA - Key offerings
              • Exhibit 73: Ferrovial SA - Segment focus
            • 10.8 Fluor Corp.
              • Exhibit 74: Fluor Corp. - Overview
              • Exhibit 75: Fluor Corp. - Business segments
              • Exhibit 76: Fluor Corp. - Key news
              • Exhibit 77: Fluor Corp. - Key offerings
              • Exhibit 78: Fluor Corp. - Segment focus
            • 10.9 Fomento de Construcciones y Contratas SA
              • Exhibit 79: Fomento de Construcciones y Contratas SA - Overview
              • Exhibit 80: Fomento de Construcciones y Contratas SA - Business segments
              • Exhibit 81: Fomento de Construcciones y Contratas SA - Key news
              • Exhibit 82: Fomento de Construcciones y Contratas SA - Key offerings
              • Exhibit 83: Fomento de Construcciones y Contratas SA - Segment focus
            • 10.10 Obrascon Huarte Lain SA
              • Exhibit 84: Obrascon Huarte Lain SA - Overview
              • Exhibit 85: Obrascon Huarte Lain SA - Product / Service
              • Exhibit 86: Obrascon Huarte Lain SA - Key offerings
            • 10.11 Sacyr SA
              • Exhibit 87: Sacyr SA - Overview
              • Exhibit 88: Sacyr SA - Product / Service
              • Exhibit 89: Sacyr SA - Key offerings
            • 10.12 Tsk Electronica Y Electricidad SA
              • Exhibit 90: Tsk Electronica Y Electricidad SA - Overview
              • Exhibit 91: Tsk Electronica Y Electricidad SA - Product / Service
              • Exhibit 92: Tsk Electronica Y Electricidad SA - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 93: Inclusions checklist
                • Exhibit 94: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 95: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 96: Research methodology
                • Exhibit 97: Validation techniques employed for market sizing
                • Exhibit 98: Information sources
              • 11.5 List of abbreviations
                • Exhibit 99: List of abbreviations
              • sector growth, including aviation and railroad: The global demand for air travel is increasing rapidly. Most of the developing countries such as China, India, Brazil, Vietnam, and Indonesia account for a large part of the growth of global air passenger traffic. This is leading to increased investment in the expansion of airports to increase their air traffic and passenger handling capacities. Apart from this, many regional airports and airstrips are being constructed to cater to regional demand for air travel. By 2026, global air passenger traffic is expected to see an increase of 50% over 2021. Thus, investments in the expansion of existing airports, construction of new airports, and airstrips will continue to increase during the forecast period.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Construction market growth will increase by $14549.44 million during 2022-2026.
                The construction market is expected to grow at a CAGR of 3.5% during 2022-2026.
                Technavio has segmented the construction market by application (Commercial and Residential) ,type (Rehabilitation and maintenance and New projects) , and geographic (Spain).
                Abengoa SA, Acciona SA, Actividades de Construccion y Servicios SA, Administrator of Railway Infrastructures, AECOM, Cosentino SA, Elecnor SA, Ferrovial SA, Fluor Corp., Fomento de Construcciones y Contratas SA, Grupo eulen, Isolux Corsan, Obrascon Huarte Lain SA, Roca Sanitario SA, Sacyr SA, SENER GRUPO DE INGENIERIA SA, Site and Field Global Solutions SLU, Tecnicas Reunidas SA, Tsk Electronica Y Electricidad SA, URBASER SA are a few of the key vendors in the construction market.
                Europe will register the highest growth rate of 100% among the other regions. Therefore, the construction market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the construction market growth are:
                • Growing demand for modular houses
                • Increase in public infrastructure spending by the government
                The construction market vendors should focus on grabbing business opportunities from the commercial segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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