In 2023, Germany led the European construction services, with turnover at 24.23 million Euros, followed by France and the UK. Germany's sector grew by 5.7%, driven by residential and infrastructure investments. France and the UK showed moderate growths of 1.5% and 0.71%, respectively. Italy faced a slight decline of 0.98%, while Poland and Hungary experienced notable growths of 9.84% and 8.68%. Southern economies like Spain and Bulgaria contracted mildly. Over the past 5 years, the European construction market has shown resilience, with stable growth across most of the continent, despite economic challenges.
Future trends to watch include:
• Continued investment in sustainable construction and green technologies, driven by EU policies.
• Potential volatility from geopolitical disturbances affecting supply chains and labor markets.
• Growth opportunities in Eastern Europe as digital transformation and urbanization accelerate.
• Demand shifts toward modular and prefabricated buildings, altering traditional construction practices.
Top countries in Turnover of Construction Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.23 | 2023 | +4.98% | +5.7% | View data |
| 2 | 2 France | 13.74 | 2023 | +0.22% | +1.5% | View data |
| 3 | 3 United Kingdom | 11.23 | 2023 | +0.97% | +0.71% | View data |
| 4 | 4 Italy | 8.6 | 2023 | -1.38% | -0.98% | View data |
| 5 | 5 Netherlands | 6.04 | 2023 | +4.46% | +5.79% | View data |
| 6 | 6 Switzerland | 5.15 | 2023 | +3.96% | +5.78% | View data |
| 7 | 7 Spain | 4.27 | 2023 | -8.07% | -6.13% | View data |
| 8 | 8 Poland | 3.97 | 2023 | +8.75% | +9.84% | View data |
| 9 | 9 Sweden | 3.9 | 2023 | +3.02% | +2.3% | View data |
| 10 | 10 Belgium | 3 | 2023 | +2.14% | +3.25% | View data |
