The Construction in Spain- Key Trends and Opportunities to 2029 (Q1 2025) report provides detailed market analysis, information and insights into the Spanish construction industry, including:
- The Spanish 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 Spanish 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 construction industry in Spain is expected to register an average annual growth of 3.1% from 2026 to 2029, supported investments as part of the latest updated National Energy and Climate Plan (NECP) for the 2023-2030; as per the plan, which was announced in September 2024, the government aims to cut greenhouse gas (GHG) emissions by 32% from 1990 levels by 2030. The plan also targets a 43% improvement in energy efficiency and achieve 50% energy independence by 2030. Additionally, it also set goals for renewables to account for 81% of the total power mix and 48% of final energy consumption by 2030. In terms of capacity, Spain aims to reach 76GW of solar photovoltaic (PV), 62GW of wind power, 22.5GW of electricity storage, and 12GW of renewable hydrogen by the end of this decade. The plan also includes producing 20TWh of biogas and reaching 5.5 million electric vehicles (EVs) by 2030. To achieve these targets, the government estimates a total investment of EUR308 billion ($326.5 billion) will be needed by 2030. Growth over the forecast period will also be supported by investments in industrial and energy projects.
Scope
This report provides a comprehensive analysis of the construction industry in Spain. It provides:
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Spain, 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 our 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 business strategies 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-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures