+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Construction in Portugal - Key Trends and Opportunities to 2024

  • PDF Icon

    Report

  • 43 Pages
  • November 2020
  • Region: Portugal
  • GlobalData
  • ID: 5212187
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

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 -
  • 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-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
7.3 Construction
List of Tables
Table 1: Construction Industry Key Data
Table 2: Portugal, Key Economic Indicators
Table 3: Portugal, Commercial Construction Output by Project Type (Real % Change), 2015-2024
Table 4: Portugal, Top Commercial Construction Projects by Value
Table 5: Portugal, Industrial Construction Output by Project Type (Real % Change), 2015-2024
Table 6: Portugal, Top Industrial Construction Projects by Value
Table 7: Portugal, Infrastructure Construction Output by Project Type (Real % Change), 2015-2024
Table 8: Portugal, Top Infrastructure Construction Projects by Value
Table 9: Portugal, Energy and Utilities Construction Output by Project Type (Real % Change), 2015-2024
Table 10: Portugal, Top Energy and Utilities Construction Projects by Value
Table 11: Portugal, Institutional Construction Output by Project Type (Real % Change), 2015-2024
Table 12: Portugal, Top Institutional Construction Projects by Value
Table 13: Portugal, Residential Construction Output by Project Type (Real % Change), 2015-2024
Table 14: Portugal, Top Residential Construction Projects by Value
Table 15: Portugal, Key Contractors
Table 16: Portugal, Key Consultants
Table 17: Portugal, Construction Output Value (Real, US$ Million)
Table 18: Portugal, Construction Output Value (Nominal, EUR Million)
Table 19: Construction Market Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2020
Figure 2: Portugal, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Portugal, COVID-19 Confirmed Cases
Figure 4: Portugal, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2015-2024
Figure 5: Portugal, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
Figure 6: Portugal, Construction Value-Add (EUR Million, 2016 Constant Prices)
Figure 7: Portugal, Gross Fixed Capital Formation (EUR Million, 2015 Chain Linked)
Figure 8: Portugal, Construction Projects Momentum Index
Figure 9: Portugal, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 10: Portugal, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 11: Portugal, Total Tourist Arrivals
Figure 12: Portugal, Retail Trade Volume Index (2015=100)
Figure 13: Portugal, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 14: Portugal, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 15: Portugal, Industrial Production Index (2015=100)
Figure 16: Portugal, Total Export Value (EUR Million)
Figure 17: Portugal, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 18: Portugal, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 19: Portugal, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 20: Portugal, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 21: Portugal, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 22: Portugal, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 23: Portugal, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 24: Portugal, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 25: Portugal, Hedonic Property Price Index
Figure 26: Portugal, Total Number of New Construction Permits
Figure 27: Portugal, Housing Price Index (2015=100)
Figure 28: Portugal, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 29: Portugal, Headquarters of Key Consultants (% of Total Project Pipeline)