Authored By: Sarah
04 Nov 2024

rising construction of smart city projects is driving the Construction Market in Spain

Latest News:- Construction Market in Spain: Commercial is expected to lead the Application segment during 2024-2028

Technavio analyzes that the Construction Market in Spain is expected to grow at a CAGR of 5.15% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 31.03 billion.There are various factors that contribute to the growth of the market. The Spanish construction sector is witnessing a surge in the development of smart city projects. These innovative urban areas prioritize the use of technology to enhance efficiency, sustainability, and quality of life for residents. Smart city initiatives in Spain include the implementation of energy-efficient buildings, advanced transportation systems, and the integration of renewable energy sources. These projects are expected to drive growth in the construction industry and position Spain as a leader in urban development.

The Spanish construction market is experiencing robust growth, particularly in the commercial and industrial sectors. Notable drivers include public infrastructure projects, economic expansion, and the surge in demand for building development, transportation systems, energy grids, renewable energy sources such as solar and wind farms, e-commerce, warehouses, and distribution centers. New construction techniques and faster project delivery methods are also gaining traction, contributing to the sector's growth. Sustainability measures, including energy efficiency and renovation projects, are increasingly important, making renovation activities a significant contributor to the expansion of the office space and administrative sector. 

Know which region is leading the market growth by requesting a sample report

Construction Market in Spain Segmentation

  • Application
    • Commercial
    • Residential
  • End-user
    • Large contractor
    • Small contractor
  • Type
    • Rehabilitation
    • maintenance
    • New projects
  • Geography
    • Europe

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

  • Acciona SA
  • ACS Actividades de Construccion Y Servicios SA
  • ADIF
  • AECOM
  • Elecnor SA
  • FCC SA
  • Ferrovial SA
  • Fluor Corp.
  • Isolux Corsan
  • Obrascon Huarte Lain SA
  • Rover Grupo
  • Sacyr SA
  • Site and Field Global Solutions SLU
  • Skanska AB
  • Tecnicas Reunidas SA
  • Tsk Electronica Y Electricidad SA
  • Vinci
  • Grupo Carso SAB de CV

Find out what is trending in the market by accessing the free PDF report

Research Analysis Overview

The Spanish construction sector encompasses various activities, including residential and commercial building, urbanization, and infrastructure projects. Innovations like automation, drones, 3D printing, and smart infrastructure are transforming the industry. Public projects, such as bridges and roads, are underway, with materials like clay, stone, timber, brick, concrete, and advanced construction materials being used. Robotics and specialty trade contractors are also integral parts of the construction process for buildings and structures.

Market Research Overview

The Spanish construction market, a segment of the global construction and engineering market, encompasses businesses specializing in non-residential construction, engineering services, and EPC contracts. This sector excludes entities focused on residential building activities. Technavio's market analysis identifies key growth drivers, including the surge in urban infrastructure investment. With burgeoning urban populations, there is a pressing need for advanced transportation, communication services, and essential utilities like water and electricity. This trend is expected to significantly contribute to the expansion of the global construction and engineering market. Additionally, factors such as automation, infrastructure projects, drones, 3D printing, smart infrastructure, and public projects are revolutionizing the construction industry, further fueling market growth. Low-interest rates and financing opportunities also bolster the sector's development.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Reasons to Consider Purchasing Technavio Market Research Report

  • Current Market Insights: Our reports offer valuable information on the latest market intelligence, competitor strategies, trends, industry changes, customer preferences, and forecasted market opportunities to aid in informed business decisions.

  • Extensive Experience: With over 20 years in market research, Technavio is a trusted name, having published more than 21,000 reports across various industries and regions.

  • High ROI Through In-Depth Research: Technavio specializes in tailored market research reports to meet specific business needs, exploring particular markets, product segments, and demographics. We are also recognized for delivering significant returns on investment through our comprehensive data collection at affordable prices.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.