Construction in Spain Market: A Comprehensive Study Explores Massive Growth in Future

A new research document is added in HTF MI database of 50 pages, titled as 'Construction in Spain - Key Trends and Opportunities to 2025 (Q3 2021)’ with detailed analysis, Competitive landscape, forecast and strategies. Latest analysis highlights high growth emerging players and leaders by market share that are currently attracting exceptional attention. The market Study is segmented by key a region that is accelerating the marketization.

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Summary
The Spanish construction industry is expected to grow by 6% in real terms this year, following a difficult year in 2020 which saw construction activity disrupted. Construction activity in the first half of the year has been subdued, with output in real terms growing by a lower-than-expected 12.2% year on year (YoY) in Q2 2021, following a contraction of 10.9% in Q1 2021, taking the cumulative growth for the year to a marginal 0.2% over the first half of the year. The lockdown measures imposed by the government to contain fresh waves of the Coronavirus (COVID-19) outbreak limited foreign direct investment (FDI) and weakened the economic outlook in Spain during the first half of the year. The tourism sector, however, a key driver of the economy, continued to suffer from the weak flows into the country this summer, with the Delta variant sparking a third wave of infections.

The outlook for the industry is stronger in the second half of 2021, with growth expected to be supported by government spending in infrastructure, residential and renewable energy projects. The government’s plan to spend EUR27 billion (US$29.7 billion) under the Next Generation EU (NGEU) Recovery Fund is expected to be a major driver in the second half of 2021, as well as over the forecast period. According to Eurostat, the value-add of the construction industry grew by 12.2% YoY in Q2 2021 (the latest data available at the time of writing), marking the first Y-o-Y growth since Q1 2020.

In December 2020, the government approved the budget for the fiscal year (FY) 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. The government has allocated EUR11.5 billion (US$12.7 billion) towards infrastructure spending. In April 2021, EU member states began submitting their proposed spending plans to the European Commission for approval. The Spanish government has outlined plans to invest in renewable energy and upgrade the country’s rail infrastructure.

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 project is expected to be worth EUR200 billion (US$220.3 billion) over the next decade, with 23.5% of the total investment coming from the public sector.

HTF MI Construction in Spain - Key Trends and Opportunities to 2025 (Q3 2021) 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.
- Listings of major projects, in addition to details of leading contractors and consultants

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
3.5 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
....Continued

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