Summary
The Portuguese construction industry expanded by 6.8% in real terms in 2019, driven by public and private sector investments in both building and civil engineering works. However, the outbreak of Coronavirus (COVID-19) has severely impacted the industry in 2020.
The latest data from Eurostat shows that the country’s total gross fixed capital formation declined by 8.7% in the second quarter of 2020, compared to the same period of 2019. This was preceded by a year-on-year (Y-o-Y) growth of 0.2% in the first quarter of 2020. In 2019 overall, it grew by 5.4%, and it grew by 6.2% in 2018.
Reflecting the disruptions caused by the pandemic, coupled with the weak outlook for economic growth, the publisher forecasts the construction industry’s growth to decelerate to 2.6% in real terms in 2020, while it is projected to grow at an annual average rate of 2.4% between 2021-2024. This growth will be supported by the government’s focus on developing the country’s infrastructure. In October 2020, the government announced plans to spend EUR43 billion (US$48.1 billion) to develop the country’s transport and energy infrastructure by 2030.
This report provides detailed market analysis, information and insights into the Portuguese construction industry, including -
Scope
This report provides a comprehensive analysis of the construction industry in Portugal. It provides -
Reasons to Buy
The Portuguese construction industry expanded by 6.8% in real terms in 2019, driven by public and private sector investments in both building and civil engineering works. However, the outbreak of Coronavirus (COVID-19) has severely impacted the industry in 2020.
The latest data from Eurostat shows that the country’s total gross fixed capital formation declined by 8.7% in the second quarter of 2020, compared to the same period of 2019. This was preceded by a year-on-year (Y-o-Y) growth of 0.2% in the first quarter of 2020. In 2019 overall, it grew by 5.4%, and it grew by 6.2% in 2018.
Reflecting the disruptions caused by the pandemic, coupled with the weak outlook for economic growth, the publisher forecasts the construction industry’s growth to decelerate to 2.6% in real terms in 2020, while it is projected to grow at an annual average rate of 2.4% between 2021-2024. This growth will be supported by the government’s focus on developing the country’s infrastructure. In October 2020, the government announced plans to spend EUR43 billion (US$48.1 billion) to develop the country’s transport and energy infrastructure by 2030.
This report provides detailed market analysis, information and insights into the Portuguese construction industry, including -
- The Portuguese 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 Portuguese 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 Portugal. It provides -
- Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in Portugal, 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 publisher'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 publisher'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
