From 2013 to 2022, the construction turnover in Spain showed significant fluctuations. Post-2013, the market saw gradual recovery, with notable increases in 2017 (23.74%) and modest drops in 2015 (-13.71%) and 2020 (-10.36%). The compound annual growth rate (CAGR) from 2018 to 2022 stood at approximately 7.84%. Forecasts from 2023 to 2028 predict steady growth, averaging a CAGR of 5.15%, culminating in a turnover of €89.85 billion by 2028, a 28.53% increase over five years.
Future Trends: Watch for increased digitalization in construction processes, greater focus on sustainable building practices, and governmental policies influencing the housing sector. These factors are likely to sustain the growth momentum in the Spanish construction market over the next five years.
