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Construction Outlook Report

Construction in Spain - Key Trends and Opportunities to 2022

How will the Spanish construction industry look in 4 years time?

The Spanish construction indstry registered growth of almost 5% in real terms in 2017.
This was then preceded by annual growth of less than 1% in 2014, over 2% in 2015 and under 2% in 2016. A recovery along with government investment to develop road, rail and other transport infrastructure, supported growth in 2017.

Over the next four years (2018-2022) the industry is expected to expand in real terms, this will be driven by the government’s focus on the development of transport, infrastructure and the energy and utilities facilities.

The government plans to invest over EUR100 billion on over 800 major projects on a number of developments includng transport infrastructure, drinking water facilities and urban development during the 2017-2021 period.

Gain 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.

  • What you need to know
  • Evaluate market opportunities by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) in Spain’s construction market.
  • Apply actionable insights on Spain’s construction market, including data on equipment, material and service spending across each project type, to your business strategies.
  • Evaluate competitive risk and success factors by analyzing detailed profiles of the leading players in Spain’s construction industry.

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How will the Spanish construction industry look in 4 years time?

GlobalData states the total construction pipeline in Spain, and including all mega projects with a value above US425 million – stands at over EUR50 billion. The pipeline, which includes all projects from pre-planning to execution with almost 50% of the pipeline value being in projects in the early stages as of June 2018 is well balanced.

According to GlobalData, the residential construction market is expected to retain its leading position over the forecast period, with a share of just under 40% of the industry’s total value in 2022. The rising residential permits, as well as the low housing loan interest rate will support the market.

The government plans to equip all households with an internet connection speed of 30Mpbs under Spain’s National Broadband Strategy, and also to provide a 100Mbps speed to 50% of households by 2020.

Furthermore, the government launcehd the 5G National Plan 2018-2020 in March 2018. Through this initiative, the government is aiming to ensure an internet connection speed up to 1.0 gbps by 2020.

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