Key Market Indicators
The revenue from Spanish construction services is projected to decline significantly, reaching approximately €12.4 billion by 2028. This marks a steep drop from the €21.6 billion recorded in 2023, with an average annual decrease of 8.9%. Since 2013, the Spanish market has faced a consistent downturn, averaging a 6.1% decrease each year. In 2023, Spain was ranked seventh in the market, with Switzerland taking the lead at €21.6 billion. France, the United Kingdom, and Italy followed in the second, third, and fourth positions, respectively. Similarly, the production of Spanish construction services is expected to fall to around €12.6 billion by 2028. This is down from €21.8 billion in 2023, translating to an average annual decline of 8.8%. Since 2013, the supply side of the industry has experienced an average yearly decrease of 6.3%. In the 2023 rankings, Spain held the seventh spot, with the Netherlands surpassing it at €21.8 billion. France, the United Kingdom, and Italy secured the second, third, and fourth places in production rankings, respectively.
