In 2023, the United Kingdom led the European market with a production value of 147.08 billion Euros, followed by Germany at 115.83 billion Euros and France at 106.4 billion Euros. Notable increases were observed in Germany (7.1%) and the Netherlands (7.19%), while Spain and Italy experienced significant declines by -3.32% and -16.24%, respectively. Countries like Serbia and Malta showed robust growth figures of 13.51% and 6.09%, respectively. Despite its smaller market size, growth in construction value was also evident across many emerging markets such as Romania (6.19%) and Greece (7.59%).
Future trends to watch in the European construction market include increased investment in sustainable building practices, digitalization of construction processes, and market expansion in Eastern Europe. Additionally, fluctuations in economic conditions and governmental policies across different countries will play a crucial role in shaping the industry's future. Keep an eye on technological advancements and regulatory changes that aim to boost efficiency and environmental sustainability within the sector.
Top countries in Production Value of Buildings Construction by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 147,080 | 2023 | +1.59% | +1.2% | View data |
| 2 | 2 Germany | 115,830 | 2023 | +5.76% | +7.1% | View data |
| 3 | 3 France | 106,400 | 2023 | +7.59% | +5.19% | View data |
| 4 | 4 Spain | 67,040 | 2023 | -2.39% | -3.32% | View data |
| 5 | 5 Netherlands | 63,110 | 2023 | +16.21% | +7.19% | View data |
| 6 | 6 Poland | 44,370 | 2023 | +1.62% | +3.8% | View data |
| 7 | 7 Sweden | 36,460 | 2023 | +2.12% | +1.75% | View data |
| 8 | 8 Norway | 32,090 | 2023 | +3.95% | +0.37% | View data |
| 9 | 9 Switzerland | 31,870 | 2023 | +3.53% | +4.71% | View data |
| 10 | 10 Belgium | 30,670 | 2023 | +2.79% | +3.91% | View data |
