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Portugal Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

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    Report

  • 49 Pages
  • February 2022
  • Region: Portugal
  • GlobalData
  • ID: 5591583
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Portugal’s construction industry is expected to grow by 1.2% in 2022, down from previously estimated 3.1%. The publisher revised down the growth rate followed by increasing Coronavirus (COVID-19) infections coupled with ongoing severe drought which is posing a downside risk for industrial and energy construction sectors for short to medium terms. However, growth in 2022 will be driven by the government’s efforts to develop transport infrastructure along with rising public and private sector investments in both building and civil engineering works. The rise in building permits in 2021 is also expected to boost construction activities in coming quarters. According to the Instituto Nacional de Estatística (INE), the total number of building permits issued in the country grew by 10.4% year on year (YoY) in the first eleven months of 2021. In terms of segmentation, the total number of building permits approved for residential and non-residential rose by 12.6% and 2.9%, respectively, during the same period.

Furthermore, growth will also depend on the efficient execution of projects under the recovery program, and the implementation of associated reforms are key to sustain growth. The newly elected government is set to implement a budget for 2022, including a significant amount of EU funding. This will spur activity to develop green energy infrastructure in Portugal. The government is set to receive EUR13.9 billion ($161.3 billion) in grants and EUR2.7 billion ($3.1 billion) in loans in total under the EU Recovery and Resilience Facility (RRF).

Over the remainder of the forecast period, the industry is projected to post an annual average growth of 1.7% between 2023-2026, supported by the 2030 National Investment Program (PNI), along with government’s efforts to upgrade the country’s rail, road, and other public transport infrastructure. In October 2020, the government approved the 2030 PNI, under which it intends to spend EUR43 billion ($48.1 billion) on transport and energy infrastructure by 2030. The government plans to spend EUR21.7 billion ($23.9 billion) on transport projects and EUR13 billion ($14.3 billion) to develop the country’s energy infrastructure, which is largely focused on hydrogen production.

The report provides detailed market analysis, information, and insights into Portugal’s construction industry, including:
  • Portugal’s 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 Portugal’s 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 (2017-2021) and forecast (2022-2026) 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

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
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
4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments

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 CRI Methodology
7.4 Publisher Construction
  • Contact the Publisher

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), 2017-2026
Table 4: Portugal, Top Commercial Construction Projects by Value
Table 5: Portugal, Industrial Construction Output by Project Type (Real % Change), 2017-2026
Table 6: Portugal, Top Industrial Construction Projects by Value
Table 7: Portugal, Infrastructure Construction Output by Project Type (Real % Change), 2017-2026
Table 8: Portugal, Top Infrastructure Construction Projects by Value
Table 9: Portugal, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-2026
Table 10: Portugal, Top Energy and Utilities Construction Projects by Value
Table 11: Portugal, Institutional Construction Output by Project Type (Real % Change), 2017-2026
Table 12: Portugal, Top Institutional Construction Projects by Value
Table 13: Portugal, Residential Construction Output by Project Type (Real % Change), 2017-2026
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, $ Million)
Table 18: Portugal, Construction Output Value (Nominal, EUR Million)
Table 19: Publisher Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2020-2026
Figure 2: Portugal, Construction Output by Sector (Real % Change), 2020-2022 and 2023-2026
Figure 3: Portugal, COVID-19 Confirmed Cases
Figure 4: Portugal, Risk Summary
Figure 5: Portugal, Risk Regional Comparison
Figure 6: Portugal, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2017-2026
Figure 7: Portugal, Construction Output Value, by Sector (Real, $ Million), 2017-2026
Figure 8: Portugal, Construction Value Add (EUR Million, 2016 Constant Prices)
Figure 9: Portugal, Gross Fixed Capital Formation (EUR Million, 2015 Chain Linked)
Figure 10: Portugal, Total Number of Building Permits Issued
Figure 11: Portugal, Construction Projects Momentum Index
Figure 12: Region, Construction Projects Momentum Index
Figure 13: Portugal, Commercial Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 14: Portugal, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: Portugal, Total Tourist Arrivals (In Thousands)
Figure 16: Portugal, Retail Trade Volume Index (2015=100)
Figure 17: Portugal, Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles; Accommodation and Food Service Activities Value Add (EUR Million, 2016 Chained Prices)
Figure 18: Portugal, Industrial Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 19: Portugal, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 20: Portugal, Industrial Production Index (2015=100)
Figure 21: Portugal, Total Export Value (EUR Million)
Figure 22: Portugal, Industry Value Add (EUR Million, 2016 Chained Prices)
Figure 23: Portugal, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 24: Portugal, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: Portugal, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 26: Portugal, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Portugal, Energy, Water Supply and Sewerage Value Add (EUR Million, 2016 Chained Prices)
Figure 28: Portugal, Institutional Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 29: Portugal, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Portugal, Residential Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 31: Portugal, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Portugal, Housing Price Index (2015=100)
Figure 33: Portugal, Value of Housing Transactions (EUR, Million)
Figure 34: Portugal, Total Number of Residential Building Permits Issued
Figure 35: Portugal, Real Estate Value Add (EUR, Million)
Figure 36: Portugal, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: Portugal, Headquarters of Key Consultants (% of Total Project Pipeline)