Building Construction in Ireland - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

No build: Revenue is forecast to decline by in 2023 following a reduction in housing commencements

The Irish construction sector is procyclical, meaning building activity trends run in tandem with the ebb and flow of both public- and private-sector agents' investment trends. Having previously been saddled with a period of lacklustre property investment in the aftermath of the financial crisis, economic recovery and better investor conditions subsequently brought a number of urban development projects to fruition. Additionally, an acute housing shortage placed housebuilding targets at the forefront of state policy. As a result of bullish investment, revenue increased by more than 20% year on year over the three years through 2018, before levelling off in 2019.

Industry operators construct complete residential and non-residential buildings, either on their own account for sale, or on a fee or contract basis for external clients and property developers. Firms may outsource discrete segments of the construction phase to specialist tradespeople classified elsewhere, including electricians, mechanical engineers and scaffolders. Maintenance and repair solutions for residential and non-residential property also fall under the scope of the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.