Forecast: Production in Civil Engineering Sector in Spain

The production in the Civil Engineering sector in Spain was valued at 27.52 billion Euros in 2023. Analyzing year-on-year growth, the sector has shown significant volatility. From a substantial decline in 2013 and 2014, the sector experienced a marked rise in 2015. Subsequent years exhibited fluctuating growth until 2019, which saw a notable surge followed by a drop in 2020 due to global disruptions. Recovery trends were observed from 2021 onwards, with stable growth anticipated through 2028. The latest data point to a 2023 growth rate of 9.37% and a CAGR of 6.11% over the past five years, with forecasts suggesting continued growth at an average rate of 3.26% CAGR through 2028, indicating a forecasted increase of 17.41% over the next five years.

Future trends to watch for in the sector include increased investment in sustainable and green infrastructure projects, technological advancements such as AI and automation in construction processes, and potential fluctuations due to economic policies or global market conditions. Economic recovery trajectories post-global disruptions, along with governmental and private sector collaboration in large-scale infrastructure projects, will be critical in shaping the sector's production outputs.