The analysis of European Production Value of Construction Services by country reveals a significant variation across the continent. Germany leads with €121.61 billion in 2024, followed by France and the United Kingdom, with €68.44 billion and €53.94 billion, respectively. Smaller economies such as Malta, Bosnia and Herzegovina, and Macedonia have production values below €1 billion. Over the past year, noteworthy growth occurred in Poland (9.49%), Hungary (9.21%), and Serbia (8.41%). Decreases were seen in Spain (-6.29%) and Latvia (-2.03%). The five-year CAGR analysis indicates steady growth in most markets.
Looking ahead, European construction services are expected to continue growing, driven by urbanization, infrastructure development, and increasing environmental standards. Key trends include the adoption of sustainable construction practices, technological advancements like Building Information Modeling (BIM), and increased governmental investment in public projects. Monitoring these trends will be crucial for stakeholders navigating the competitive landscape of European construction services.
Top countries in Production Value of Construction Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 121,610 | 2023 | +5.15% | +5.31% | View data |
| 2 | 2 France | 68,440 | 2023 | +1.69% | +1.32% | View data |
| 3 | 3 United Kingdom | 53,940 | 2023 | +0.9% | +0.72% | View data |
| 4 | 4 Italy | 45,470 | 2023 | -0.97% | -0.33% | View data |
| 5 | 5 Switzerland | 26,420 | 2023 | +3.95% | +5.53% | View data |
| 6 | 6 Netherlands | 22,170 | 2023 | +0.83% | +0.63% | View data |
| 7 | 7 Spain | 21,790 | 2023 | -8% | -6.29% | View data |
| 8 | 8 Sweden | 19,160 | 2023 | +2.95% | +2.12% | View data |
| 9 | 9 Poland | 18,040 | 2023 | +8.2% | +9.49% | View data |
| 10 | 10 Belgium | 15,150 | 2023 | +2.54% | +3.72% | View data |
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