In 2024, Germany leads the European construction services market with a turnover of 122.52 billion Euros, followed by France (69.49 billion) and the United Kingdom (56.76 billion). Among notable increases, Poland showed a 9.84% year-on-year growth, Hungary had an 8.68% rise, and Serbia saw an 8.94% increase. However, Italy and Spain experienced declines of -0.98% and -6.13%, respectively. Overall, the five-year CAGR indicates steady growth for Germany and other Western European countries, while Eastern European nations like Poland and Hungary emerged as growth hotspots.
Future trends to watch include the impact of digitalization in construction services, sustainability initiatives driving green building practices, and increased investments in infrastructure within Eastern Europe. These factors are expected to shape the European construction services market significantly.
Top countries in Turnover of Construction Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 122,520 | 2023 | +4.98% | +5.7% | View data |
| 2 | 2 France | 69,490 | 2023 | +0.22% | +1.5% | View data |
| 3 | 3 United Kingdom | 56,760 | 2023 | +0.97% | +0.71% | View data |
| 4 | 4 Italy | 43,500 | 2023 | -1.38% | -0.98% | View data |
| 5 | 5 Netherlands | 30,540 | 2023 | +4.46% | +5.79% | View data |
| 6 | 6 Switzerland | 26,040 | 2023 | +3.96% | +5.78% | View data |
| 7 | 7 Spain | 21,600 | 2023 | -8.07% | -6.13% | View data |
| 8 | 8 Poland | 20,070 | 2023 | +8.75% | +9.84% | View data |
| 9 | 9 Sweden | 19,730 | 2023 | +3.02% | +2.3% | View data |
| 10 | 10 Belgium | 15,160 | 2023 | +2.14% | +3.25% | View data |
