The turnover of roofing activities in Spain experienced significant fluctuations from 2013 to 2023. In 2023, turnover stood at 831.4 million euros. The sector saw a strong growth phase from 2016 to 2019, peaking at 1130.0 million euros in 2019. However, the impact of the COVID-19 pandemic led to a significant decline in 2020. Although turnover slightly recovered in the subsequent years, from 2021 to 2023 the industry showed a declining trend, with a year-on-year drop of -2.14% in 2023. The five-year CAGR (Compound Annual Growth Rate) ending in 2023 was -3.68%.
Future trends indicate a continued downward trajectory with the forecasted turnover decreasing to 575.1 million euros by 2028. This forecast represents a five-year CAGR of -5.89%, reflecting an overall reduction in market size by 26.18% over the forecast period.
Going forward, key trends to watch for include:
- Potential impact of economic recovery post-pandemic on the construction sector.
- Influence of sustainability initiatives and green building practices on roofing activities.
- Technological advancements in roofing materials and techniques.
- Government policies and incentives related to infrastructure development.
