Europe Construction Market OverviewÂ
Market Size in 2024: USD 3.6 Billion
Market Forecast in 2033: USD 5.5 Billion
Market Growth Rate: 4.9% (2025-2033)
According to the latest report by IMARC Group, the Europe construction market size was valued at USD 3.6 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 5.5 Billion by 2033, exhibiting a CAGR of 4.9% from 2025-2033.
Europe Construction Industry Trends and Drivers:
Fueled by a mix of urbanization, technical innovation, and sustainability projects, the European construction market is expanding dramatically. Accelerating urban development is driving up demand for residential, business, and infrastructural projects throughout major European nations. Urban renewal initiatives are reviving existing infrastructure, while the construction of fresh housing and business complexes is satisfying the requirements of a rising urban population. Concurrently, the move toward energy-efficient design and green construction is gaining ground. Additional quickening of the uptake of energy-efficient technologies and renewable materials are government rules and incentives for sustainable construction practices. These initiatives are improving building resilience to climate-related hazards as well as lowering the environmental impact of fresh projects. As companies look for modern, environmentally friendly offices that complement corporate sustainability objectives, the demand for commercial areas especially in major cities such Berlin, Paris, and London is also rising.
The growing demand for inexpensive housing in the residential building sector is aiding market expansion in many European countries. Rising housing prices and population growth in cities are drawing both government and business sector investments toward major residential developments. Many European countries are also giving top priority to upgrading their existing housing stock in order to reach greater energy efficiency. The urge for low-energy houses and building remodeling is growing increasingly important in the UK and Germany, which helps to explain this trend. Demand for luxury projects driven by an affluent urban population looking for high-quality, sustainable living spaces is increasing parallel in the housing market. These elements together provide chances for building companies ranging from home builders to providers of green building materials.
Leading the way in construction expansion are key European markets—notably Germany, the UK, and France—thanks to their robust economy and continued infrastructure spending. Germany’s emphasis on energy-efficient buildings and its dedication to renewable energy are fueling demand for sustainable construction techniques. France is also adopting cutting-edge technology like building information modeling (BIM) to simplify building projects and raise their results. Encouraged by government policies to increase infrastructure spending, the UK is also paying attention on infrastructure projects including energy projects and transportation networks. Furthermore driving greater road, rail, and airport investments is the growing significance of transportation infrastructure in Eastern European nations. Supported by strong demand for residential as well as commercial buildings and large infrastructure projects meant to increase rural and urban connection, the European construction market is therefore seeing varied development throughout several industries.
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Europe Construction Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Sector:
- Commercial Construction
- Residential Construction
- Industrial Construction
- Infrastructure (Transportation) Construction
- Energy and Utility Construction
Breakup by Country:
- Germany
- United Kingdom
- France
- Italy
- Russia
- Spain
- Netherlands
- Switzerland
- Poland
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Europe Construction Market News:
- In June 2024, Skanska announced it has been awarded a $40 million contract by the Massachusetts Port Authority (Massport) to repair and renovate the 250,000-square-foot Terminal B Garage at Boston Logan International Airport located in Boston, Massachusetts. The project scope includes various tasks across all levels, i.e., on Level 1, the repairs will focus on transforming it into dedicated travel lanes and pickup zones alongside relocating taxi and shuttle stands to the curbsides; while Level 2 renovations will include repositioning the limousine pool and executing roadway repairs.
- In May 2024, Bouygues Travaux Publics announced that its flagship, The Iris Consortium, has been awarded the Société des grands projets, to design and build the line 15 East of the Grand Paris Express, which runs from Bobigny to Saint-Ouen, for a total of 1.087 billion euros.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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