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Spain Construction Market Trends
- Report ID: GMI6251
- Published Date: Jul 2023
- Report Format: PDF
Spain Construction MarketTrends
The construction industry in Spain is increasingly adopting digital technologies and construction management software to improve project efficiency, collaboration, and productivity. Building Information Modeling (BIM), drones, augmented reality (AR), and virtual reality (VR) are being utilized for design, planning, and project management, leading to improved accuracy, reduced costs, and enhanced decision-making.
Frequently Asked Questions (FAQ) :
The market size for construction in Spain reached USD 72.8 billion in 2022 and is projected to grow at a CAGR of over 2.5% between 2023 and 2032.
The residential construction segment held a market share of over 15% in 2022. Spain is witnessing a rise in the demand for residential properties owing to factors such as population growth, urbanization, and an improving economy.
The private sector segment reached USD 40 billion in 2022 and will grow at a CAGR of over 2% through 2032 as private sector firms in Spain are increasingly prioritizing sustainability in their construction projects.
Vinci, ACS, Bouygues, Eiffage, Skanska, Strabag, Balfour Beatty, Acciona, Royal Bam Group NV, Fomento De Construcciones Y Contratas.
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