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Spain Construction Services Industry Outlook 2024 - 2028

See how Spain Construction Services performed compared to key markets such as Germany, France and the United Kingdom.

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.

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Spain Construction Services Market Data and Forecasts