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Portugal Construction Market Trends

Report ID: GMI6268
Published Date: Jul 2023
Report Format: PDF

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Portugal construction Market Trends

There is a growing emphasis on sustainable construction practices and green building certifications in Portugal. The market is witnessing increased adoption of energy-efficient designs, renewable energy integration, and eco-friendly materials to meet the environmental standards and promote sustainable development. The Portugal construction industry is undergoing a digital transformation with the integration of technologies such as Building Information Modeling (BIM), virtual reality, and drones. These technologies are being used for improved project planning, design visualization, construction management, and quality control.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size for construction in Portugal was reached USD 11.6 billion in 2022 and is set to witness over 2.5% CAGR from 2023 to 2032, due to the growing urbanization and the strong demand for residential, commercial, and infrastructure construction projects in the country.

Portugal residential construction market size surpassed USD 2.5 billion in 2022 and may record over 3% CAGR from 2023 to 2032, driven by the high demand for new housing developments, especially in major cities and their outskirts.

The private end-use segment held over 60% of the market share in 2022 and is set to surpass USD 9 billion by 2032, led by the growing focus of private developers to capitalize on residential, commercial, and mixed-use projects.

Some of the major companies operating in the market include Hilti group, Arcadis, Acciona, TPF, Pinto & Cruz, FDO Construções, Eiffage, Mota-engil, and Sotécnica.