Key Market Indicators
Iceland's civil engineering revenue is projected to hit €179 million by 2028, climbing from €166 million in 2023. This marks an average annual growth rate of 1%. Since 2019, the market has seen a yearly increase of 2.2%. In 2023, Iceland held the 34th spot globally, with Malta surpassing it at €166 million. Leading the rankings were the United Kingdom, France, and Spain. In terms of production, Iceland's civil engineering output is expected to reach €130 million by 2028, up from €122 million in 2023. This represents an average yearly growth rate of 0.9%. Since 2019, the supply has risen by 1.4% annually. Iceland ranked 34th in 2023, with Cyprus ahead at €122 million. Germany, France, and Spain secured the 2nd, 3rd, and 4th positions respectively.
