Construction Market in Spain – A Latest Development Scenario and Influencing Trends

Latest publication on 'Construction in Spain - Key Trends and Opportunities to 2025 (Q1 2021)' is added in HTF MI research repository provides in-depth analysis, Competitive scenario, and future market trends and strategies. The market Study is segmented by key a region that is accelerating the marketization. The market research includes historical and forecast market data, demand, and trends.

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Summary
Construction in Spain - Key Trends and Opportunities to 2025 (Q1 2021)

The Spanish construction industry contracted by 15.9% in real terms in 2020, as construction activities were disrupted due to the stringent measures taken by the government to contain the Coronavirus (COVID-19) outbreak - notably strict lockdowns and travel restrictions from other countries.

The industry is projected to rebound in 2021, with a growth rate of 7.4% in real terms, assuming there are no repeats of COVID19 restrictions and thereafter grow at an annual average growth rate of 2.3% between 2022 and 2025. This will be supported by the government's focus on reviving the economy, coupled with investments on infrastructure, residential and renewable energy projects. The government’s plan to spend EUR27 billion (US$29.7 bn) European Union (EU) funds under the Next Generation EU (NGEU) Recovery Fund is expected to be a major driver in 2021, as well as over the forecast period. In December 2020, the government approved the budget for the fiscal year 2021, which involves a spending package worth EUR239.8 billion (US$264.1 billion) in 2021 - marking an increase of more than 10% compared to last year; the budget includes almost EUR9 billion (US$9.9 billion) in EU funds. Of the total budget, the government allocated EUR11.5 billion (US$12.7 billion) towards infrastructure spending.

Growth over the forecast period will also be driven by the government's focus on producing 70% of its electricity from renewable energy sources by 2030. The plan is expected to require an investment of EUR200 billion (US$220.3 billion) over the next decade, with 23.5% of the total investment coming from the public sector. Although the sector is expected to pick up growth this year, following the sharp contraction in 2020, the construction industry's output value will not return to pre-COVID levels until 2025, reflecting the wider impact of COVID-19 on the industry.

This 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.

Scope

This report provides a comprehensive analysis of the construction industry in Spain. It provides -
- Historical (2016-2020) and forecast (2021-2025) 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.

Reasons to Buy

- Identify and evaluate market opportunities using HTF MI'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 HTF MI's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

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Table of Contents
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
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
List of Tables
Table 1: Construction Industry Key Data
Table 2: Spain, Key Economic Indicators
Table 3: Spain, Commercial Construction Output by Project Type (Real % Change), 2016-2025
Table 4: Spain, Top Commercial Construction Projects by Value
Table 5: Spain, Industrial Construction Output by Project Type (Real % Change), 2016-2025

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