The European turnover for the construction of bridges and tunnels has shown marked fluctuations over the years. The turnover was at 14.99 billion Euros in 2023. Starting from 10.4 billion Euros in 2014, the sector experienced a significant decline until 2017. From 2018 onward, the market began to recover, with substantial year-on-year growth, particularly notable from 2020 to 2023 with year-on-year increases oscillating between 9% and over 17%. The CAGR for the period from 2019 to 2023 stands at 10.29%, reflecting a robust growth trajectory. Forecasters predict that the turnover will continue its upward trend, with a 5-year CAGR of 5.34%, anticipating a 29.7% increase from 2023 to 2028 to reach 21.04 billion Euros.
Future trends to watch for include the adoption of advanced construction technologies, increased investment in infrastructure projects, and regulatory changes aimed at sustainability and environmental impact.
