In 2024, the Europe Construction Market reached $2.10 trillion, and it is projected to surge to $2.78 trillion by 2030 due to robust government backing

Europe construction market size reached USD 3.6 Billion in ​2024​. Looking forward, IMARC Group expects the market to reach USD 5.5 Billion by ​2033​, exhibiting a growth rate (CAGR) of 4.9% during 2025-2033. The market is mainly driven due to rapid urbanization, along with an increasing number of infrastructure projects and green building initiatives. The rising demand in residential and commercial sector mainly in Germany, France and the United Kingdom is also driving the market toward growth across the European region.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2025-2033. Our report has categorized the market based on sector.

Europe Construction Market was valued at USD 2,752.75 Billion in 2024 and is expected to reach at USD 3658.79 Billion in 2030 and project robust growth in the forecast period with a CAGR of 4.7% through 2030.

Europe Residential Construction Market Report is Segmented by Type (Apartment & Condominiums, Villas and Landed Houses), Construction Type (New Construction, Renovation), Construction Method (Conventional On-Site, Modern Methods of Construction), Investment Source (Public, Private), and Geography (Germany, United Kingdom, France, Italy, Spain, Netherlands, and More). The Market Forecasts are Provided in Terms of Value (USD).

The Europe construction market attained a value of approximately USD 2752.75 Billion in 2024. The market is projected to grow at a CAGR of 4.90% in the forecast period of 2025-2034, reaching a value of around USD 4441.42 Billion by 2034.

Germany, France, and Italy were the European countries with the highest construction turnover as of 2023. That year, Germany had a revenue of 426 billion euros, followed by France at 401 billion euros. In 2023, the construction turnover of the EU as a whole amounted to approximately 2.3 trillion euros.

Eastern Europe Construction Market. The market is segmented by Sector (Residential, Commercial, Industrial, Infrastructure (Transportation), Energy and Utilities) by Geography (Romania, Hungary, Croatia, Ukraine, Bulgaria and Rest of Eastern Europe)

Europe Data Center Construction Market Report Segments the Industry Into Infrastructure (By Electrical Infrastructure, by Mechanical Infrastructure, General Construction), by Tier Type (Tier 1 and 2, Tier 3, Tier 4), by Data Center Type (Colocation, Self-Built Hyperscalers (CSPs) and More). The Market Sizes and Forecasts are Provided in Terms of Value (USD Million) for all the Above Segments.

The total turnover of the construction industry in the European Union (EU-27) increased by roughly 155 billion euros in 2023. That year, the turnover peaked at 2.3 trillion euros. For comparability's sake, these figures show the size of the current EU-27 even for the years when the EU had a different number of member states. In 2023, Vinci (France) was the biggest construction firm in Europe.

The European Modular Construction Report is Segmented by Construction Type (Permanent Modular and Relocatable Modular), Material (Steel, Concrete, Wood, and Plastic), End-User Sector (Residential, Commercial, and Industrial/Institutional), Service Stage (New Construction and After-Sales Maintenance and Refurbishment (Renovation)), and Geography (Germany, United Kingdom, France, Italy, Nordics, Spain, and Rest of Europe).

The Eastern European construction market, valued at approximately €[Estimate based on XX million and market context, e.g., €200 million] in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 7.00% from 2025 to 2033. This expansion is driven by several key factors. Firstly, increasing urbanization and population growth across the region are fueling demand for residential and commercial construction. Secondly, significant investments in infrastructure development, particularly in transportation networks and energy infrastructure (modernization and expansion of renewable energy sources), are providing a substantial boost to the market. Furthermore, government initiatives focused on improving housing affordability and sustainable urban development are acting as catalysts. While challenges remain, such as economic volatility in some Eastern European countries and potential labor shortages, the overall outlook remains positive. However, certain constraints could temper growth. Geopolitical instability and fluctuations in raw material prices present ongoing risks. Furthermore, the regulatory environment and bureaucratic processes can sometimes hinder project implementation. The market is segmented across residential, commercial, industrial, infrastructure (transportation), and energy and utilities sectors, with residential and infrastructure projects likely dominating market share. Key players, including Vinci, Fomento de Construcciones y Contratas, Balfour Beatty, Strabag, ACS, Royal BAM Group NV, Bouygues, Eiffage, Skanska, and Acciona, are actively competing for market share, often focusing on large-scale infrastructure projects and public-private partnerships. The varying economic conditions across countries like Romania, Hungary, Croatia, Ukraine, Bulgaria, and the rest of Eastern Europe will influence sector-specific growth trajectories within the overall market. This in-depth report provides a comprehensive analysis of the Eastern Europe construction market, offering invaluable insights for investors, contractors, and industry stakeholders. With a study period spanning from 2019 to 2033, a base year of 2025, and a forecast period from 2025 to 2033, this report leverages historical data (2019-2024) to provide accurate projections of market growth and dynamics. The report delves into market size (in millions), key trends, and growth drivers across various segments including residential, commercial, industrial, infrastructure (transportation), and energy & utilities construction. This report is your key to unlocking the potential of this dynamic market. Key drivers for this market are: Urbanization and Infrastructure Development, Sustainable Construction Practices. Potential restraints include: Labor Shortages and Costs. Notable trends are: Increase in Residential Building Permits in Romania:.

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to grow at a compound annual rate of 2.3% to reach €1.3 trillion over the five years through 2025. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring construction costs and the impact of interest rate hikes on both the housing market and investor sentiment led to a renewed slowdown in building construction activity across the continent. However, falling inflation and the start of an interest rate cutting cycle have spurred signs of a recovery in new work volumes, supporting anticipated revenue growth of 2.3% in 2025. Revenue is forecast to increase at a compound annual rate of 6.7% to €1.7 trillion over the five years through 2030. Activity is set to remain sluggish in the medium term, as weak economic growth and uncertainty surrounding the impact of the volatile global tariff environment on inflation and borrowing costs continue to weigh on investor sentiment. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing, as countries seek to tackle severe housing shortages. Meanwhile, the introduction of more stringent sustainability requirements will drive demand for energy retrofits.

The biggest concern in the construction sector of the European Union (EU-27) was insufficient demand. Approximately ** percent of respondents as of May 2025 mentioned that insufficient demand was limiting their activities. However, there was an even higher percentage of construction companies that mentioned that there were no constraints limiting their activities.

The Report Covers Europe Transportation Infrastructure Construction Companies and It is Segmented by Mode (roads, Railways, Airways, and Waterways) and Country (Germany, The UK, France, Spain, Italy, The Netherlands, and the Rest of Europe). The Market Size and Forecasts are Provided in Terms of Values (in USD) for all the Above Segments.

The Western Europe data center construction market is expected to reach USD 14.41 billion by 2029 from USD 9.01 billion in 2023, growing at a CAGR of 8.14%.

Europe Construction Market growth is driven by increasing infrastructure investments, urbanization, and technological advancements in construction methods.

Construction firms from France and Spain dominated the European league table ranking companies by market cap. Vinci's market cap was over ***** higher than Ferrovial's. In seventh place, Skanska from Sweden was the first company not from France or Spain. Germany did not have any entry on the list. The first entries in a list of 100 largest construction firms in the world in 2023 all came from China.

The Eastern European construction market, exhibiting a robust Compound Annual Growth Rate (CAGR) of 7%, presents a significant investment opportunity. Driven by increasing urbanization, government infrastructure projects (particularly in transportation and energy), and a growing need for residential and commercial spaces, the market is projected to experience substantial expansion throughout the forecast period (2025-2033). Key players like Vinci, ACS, Bouygues, and others are actively engaged, competing for market share across various sectors. While the specific market size for 2025 is not provided, a logical estimation considering a 7% CAGR from a prior year and industry trends would place it within a range reflecting substantial growth. Factors like fluctuating material prices, geopolitical instability (particularly affecting countries like Ukraine), and skilled labor shortages present potential restraints. However, the ongoing investment in infrastructure development, fueled by both public and private funding, is expected to mitigate these challenges. The market is segmented by sector, with significant growth projected across residential, commercial, and infrastructure segments. The infrastructure sector, specifically transportation and energy projects, is likely to be a primary driver due to EU funding and national priorities. Regional variations will exist, with countries like Romania and Hungary potentially leading in terms of growth, while others may experience slower growth due to differing economic conditions and political landscapes. The strong growth trajectory is underpinned by several factors. The European Union's investment in infrastructure modernization across Eastern Europe is a significant catalyst, driving significant projects in transportation, energy, and utilities. Furthermore, increasing tourism and foreign investment are boosting demand for commercial construction. The ongoing expansion of urban areas and rising disposable incomes are fueling the residential construction sector. While challenges remain, the overall outlook for the Eastern European construction market is positive, indicating attractive prospects for both established players and new entrants seeking long-term growth in a dynamic and evolving market. Continuous monitoring of geopolitical risks and economic fluctuations will be vital for success in this region. Notable trends are: Increase in Residential Building Permits in Romania:.

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The Europe data center construction market by investment was valued at USD 11.60 billion in 2024 and is expected to reach USD 32.27 billion by 2030, growing at a CAGR of 18.58% during the forecast period.