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Greece Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

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    Report

  • 47 Pages
  • August 2024
  • Region: Greece
  • GlobalData
  • ID: 5744887
Description Jump to:

The Construction in Greece - Key Trends and Opportunities to 2028 (H2 2024) report provides detailed market analysis, information, and insights into the Greek construction industry, including :

  • The Greek construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Greek construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
The Greek construction industry is expected to grow in real terms by 4.8% in 2024, supported by an improvement in investor confidence amid the ongoing recovery in tourism and retail sectors, coupled with an increase building permits issued. The total number of tourist arrivals grew by 20.6% year on year (YoY) in the first five months of 2024, following an annual growth of 17.6% in 2023, according to the Bank of Greece. According to the Hellenic Statistical Authority (ELSTAT), the total number of building permits issued rose by 41.8% YoY in January-April 2024, preceded by an annual growth of 7.2% in 2023. As a part of the 2021-2025 development program, in June 2024, the Municipality of Athens received a funding of EUR115 million ($121.9 million) from the Environment and Energy Ministry to construct a 38,500-seat football stadium for the Panathinaikos sports club in Votanikos by 2026.
The construction industry’s output is expected to ease back in 2025, before recovering and registering an annual average growth of 3.4% from 2026 to 2028, supported by public and private sector investments in transportation infrastructure, and renewable energy sector, along with residential and commercial construction projects. Growth will also be supported by an approximately EUR3 billion ($3.2 billion) funds announced by the government of Greece in April 2024, which will be used to reconstruct, repair, and upgrade the road, railway, healthcare and education infrastructure in the flood hit Thessaly region. The Greek recovery and resilience plan, which includes EUR36.6 billion ($38.8 billion) funds for the execution of 103 investment measures and 75 reforms by the end of 2026, is also expected to drive the growth in the construction industry, along with government-initiated transport infrastructure projects such as the expansion of Athens airport, Central Greece Highway E65, Athens Metro Line 4 and a new airport in Kastelli.

Scope

This report provides a comprehensive analysis of the construction industry in Greece. It provides :

  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Greece, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

  • Identify and evaluate market opportunities using the analyst's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using the analyst's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

1 Executive Summary2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index
4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
  • About the Analyst
  • Contact the Publisher
List of Tables
Table 1: Construction Industry Key Data
Table 2: Greece, Key Economic Indicators
Table 3: Greece, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Greece, Top Commercial Construction Projects by Value
Table 5: Greece, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Greece, Top Industrial Construction Projects by Value
Table 7: Greece, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Greece, Top Infrastructure Construction Projects by Value
Table 9: Greece, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Greece, Top Energy and Utilities Construction Projects by Value
Table 11: Greece, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Greece, Top Institutional Construction Projects by Value
Table 13: Greece, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: Greece, Top Residential Construction Projects by Value
Table 15: Greece, Key Contractors
Table 16: Greece, Key Consultants
Table 17: Greece, Construction Output Value (Real, $ Million)
Table 18: Greece, Construction Output Value (Nominal, EUR Million)
Table 19: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2022-28
Figure 2: Greece, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Greece, Risk Summary
Figure 4: Greece, Risk Regional Comparison
Figure 5: Greece, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Greece, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Greece, Construction Value Add, 2015 Chain Linked Volume Measures (EUR Million)
Figure 8: Greece, Gross Fixed Capital Formation in the Construction Industry, 2015 Chain Linked Volume Measures (EUR Million)
Figure 9: Greece, Total Number of Building Permits Issued
Figure 10: Greece, Labour Input in Construction, Seasonally and Calendar Adjusted, Index, 2021=100
Figure 11: Greece, Construction Projects Momentum Index
Figure 12: Western Europe, Construction Projects Momentum Index
Figure 13: Greece, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 14: Greece, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: Greece, Wholesale and Retail Trade Value Add, 2015 Chain Linked Volume Measures (EUR Million)
Figure 16: Greece, Total International Tourist Arrivals
Figure 17: Greece, Retail Trade Volume and Turnover Indices, 2015=100, % Change YoY
Figure 18: Greece, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 19: Greece, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 20: Greece, Industrial and Manufacturing Production Indices, Seasonally Adjusted, 2015=100, % Change YoY
Figure 21: Greece, Total Exports (EUR Million)
Figure 22: Greece, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 23: Greece, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 24: Greece, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 25: Greece, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Greece, Information and Communication value add, 2015 Chain Linked Volume Measures (EUR Million)
Figure 27: Greece, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 28: Greece, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Greece, Public Administration and Defense Value Add, 2015 Chain Linked Volume Measures, (EUR Million)
Figure 30: Greece, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 31: Greece, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Greece, Real-Estate Value Add, 2015 Chain Linked Volume Measures (EUR Million)
Figure 33: Greece, GFCF in Dwellings, 2015 Chain-Linked Volume Measures (EUR Million)
Figure 34: Greece, Apartment Price Index, 2007=100, % Change YoY
Figure 35: Greece, FDI in Greek Real Estate (EUR Million)
Figure 36: Greece, Material Costs Index for the Construction of New Residential Buildings, 2015=100
Figure 37: Greece, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 38: Greece, Headquarters of Key Consultants (% of Total Project Pipeline)

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