In 2024, France leads the European building projects turnover with €41.58 billion, followed by the United Kingdom at €32.77 billion, and Germany at €30.03 billion. Poland and Ireland have experienced double-digit growth due to favorable economic conditions, with increases of 11.37% and 10.51%, respectively. Germany's substantial 8.62% hike reflects a robust construction sector. Conversely, Spain and Greece faced significant declines of -29.94% and -34.33%, respectively, due to economic slowdowns. Italy and Portugal also saw reductions, while countries like Romania and Luxembourg had noteworthy increases of 14.45% and 12.48%. Bulgaria, Latvia, and Slovakia struggled with declines in turnover.
Key future trends in European building project developments include increased investments in green and sustainable construction, technological advancements in building methods, and the impact of urbanization. The focus will likely be on modular construction and digital transformation, including the use of Building Information Modeling (BIM) and advanced data analytics to optimize project efficiency. Economic policies and funding across the EU will shape national markets, with potential growth in Eastern European countries as they continue to develop infrastructure. Additionally, the economic recovery from the COVID-19 pandemic will influence market fluctuations and growth opportunities.
Top countries in Turnover of Building Projects Developments by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 41,580 | 2023 | +5.72% | +3.07% | View data |
| 2 | 2 United Kingdom | 32,770 | 2023 | +1.67% | +1.17% | View data |
| 3 | 3 Germany | 30,030 | 2023 | +3.66% | +8.62% | View data |
| 4 | 4 Poland | 18,820 | 2023 | +8.89% | +11.37% | View data |
| 5 | 5 Norway | 12,410 | 2023 | +7.57% | +4.63% | View data |
| 6 | 6 Netherlands | 7,460 | 2023 | +5.4% | +7.81% | View data |
| 7 | 7 Belgium | 6,280 | 2023 | +3.37% | +4.45% | View data |
| 8 | 8 Austria | 5,840 | 2023 | +9.41% | +10.28% | View data |
| 9 | 9 Ireland | 5,830 | 2023 | +10.14% | +10.51% | View data |
| 10 | 10 Spain | 5,310 | 2023 | -56.35% | -29.94% | View data |
