Ireland Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Summary

The analyst expects the construction industry in Ireland to grow by 3.3% in real terms in 2025, before recording an annual average growth of 4.8% from 2026 to 2029, supported by public and private sector investments in transport, electricity, and residential infrastructure sectors. According to the Central Statistics Office (CSO), the total number of planning permissions granted for construction grew by 2.2% in 2024, preceded by a decline of 7.4% in 2023. In February 2025, the Minister of Transport, Darragh O’Brien, Minister of State, Seán Canney and Jerry Buttimer announced a EUR713 million ($776.9 million) investment program for regional and local roads in 2025. This funding represents an increase of over 8% compared to the previous year, and aims at enhancing road safety and improving the interconnected regional and local road network, ongoing maintenance and renewal of the regional and local road network, along with strategic investments to develop and enhance road infrastructure

In January 2025, the state-backed lender ‘Home Building Finance Ireland’ revealed that the loan approval for housebuilders increased by 42% in 2024, increasing from EUR1.7 billion ($1.9 billion) in 2023 to EUR2.7 billion ($2.9 billion). It had approved funding for the construction of 13,186 new homes in 23 counties. Furthermore, in February 2025, the Bank of Ireland revealed that it has approved EUR600 million ($653.8 million) in new construction loans aimed at supporting housebuilders in delivering approximately 4,000 new homes by 2028. This is in line with the Bank of Ireland’s goal of facilitating the construction of 21,000 homes by 2028. Notably, this initiative also includes a commitment to provide 9,500 social and affordable homes, highlighting the bank's dedication to addressing housing needs in the community. In March 2025, the Minister for Housing, James Browne, announced a funding of EUR436 million ($475.1 million) for the construction of more than 1,300 new social homes across the country by 2027. Also, the Irish government announced in January 2025 that it plans to construct 41,000 housing units in 2025 and 43,000 units in 2026. The government aims to deliver 303,000 homes by the end of 2030.

The Construction in Ireland - Key Trends and Opportunities to 2029 (H1 2025) report provides detailed market analysis, information and insights into the Irish construction industry, including:

The Irish 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 Irish 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 Ireland. It provides:

Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Ireland, 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 our 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 business strategies using the analyst'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 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

About the Analyst
Contact the Publisher

List of Tables

Table 1: Construction Industry Key Data
Table 2: Ireland, Key Economic Indicators
Table 3: Ireland, Commercial Construction Output by Project Type (Real % Change), 2020-29
Table 4: Ireland, Top Commercial Construction Projects by Value
Table 5: Ireland, Industrial Construction Output by Project Type (Real % Change), 2020-29
Table 6: Ireland, Top Industrial Construction Projects by Value
Table 7: Ireland, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: Ireland, Top Infrastructure Construction Projects by Value
Table 9: Ireland, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: Ireland, Top Energy and Utilities Construction Projects by Value
Table 11: Ireland, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: Ireland, Top Institutional Construction Projects by Value
Table 13: Ireland, Residential Construction Output by Project Type (Real % Change), 2020-29
Table 14: Ireland, Top Residential Construction Projects by Value
Table 15: Ireland, Key Contractors
Table 16: Ireland, Key Consultants
Table 17: Ireland, Construction Output Value (Real, $ Million)
Table 18: Ireland, Construction Output Value (Nominal, EUR Million)
Table 19: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Western Europe, Construction Output (Real % Change), 2023-29
Figure 2: Ireland, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
Figure 3: Ireland, Risk Summary
Figure 4: Ireland, Risk Regional Comparison
Figure 5: Ireland, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
Figure 6: Ireland, Construction Output Value, by Sector (Real, $ Million), 2020-29
Figure 7: Ireland, Construction Value Add (EUR Million, 2020 Chained Linked Volume Measures)
Figure 8: Ireland, Construction Production Volume Index, (2015=100)
Figure 9: Ireland, Total Number of Planning Permissions Granted for Construction
Figure 10: Ireland, Wholesale Price Index (Excluding VAT) for Building and Construction Materials, 2021=100
Figure 11: Ireland, Gross Fixed Capital Formation, 2020 Chain Linked Volume Measures (EUR Million)
Figure 12: Ireland, Construction Projects Momentum Index
Figure 13: Western Europe, Construction Projects Momentum Index
Figure 14: Ireland, Commercial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 15: Ireland, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Ireland, Total Number, and Floor Area (In Thousands M2) of Planning Permissions Granted for Commercial Buildings
Figure 17: Ireland, Overseas Arrivals (In Thousands)
Figure 18: Ireland, Services Value Index (2015=100)
Figure 19: Ireland, Retail Sales Volume and Value Indices, 2015=100
Figure 20: Ireland, Industrial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 21: Ireland, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Ireland, Manufacturing Value Add (EUR Million, Constant 2015 Prices)
Figure 23: Ireland, Total Number, and Floor Area (In Thousands M2) of Planning Permissions Granted for Industrial Buildings
Figure 24: Ireland, Volume Indices of Industrial and Manufacturing Production, 2015=100 (% Change, YoY)
Figure 25: Ireland, Value of Goods Exported (EUR Billion)
Figure 26: Ireland, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 27: Ireland, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Ireland, Total Number of Planning Permissions Granted for Road and Runway Construction
Figure 29: Ireland, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 30: Ireland, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Ireland, Information and communication Value Add (EUR Million, Constant 2015 Prices)
Figure 32: Ireland, Total Number of Planning Permissions Granted for Electricity and Communication and Water and Sewage Projects
Figure 33: Ireland, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 34: Ireland, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 35: Ireland, Public Administration and Defense Sector Value Add (EUR Million, Constant 2015 Prices)
Figure 36: Ireland, Number of Planning Permission Granted for Government, Health, and Education Buildings
Figure 37: Ireland, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 38: Ireland, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 39: Ireland, Real estate Value Add (EUR Million, Constant 2015 Prices)
Figure 40: Ireland, Number of New Dwelling Completions
Figure 41: Ireland, Residential Property Price Index (RPPI), 2015=100
Figure 42: Ireland, Number of Residential Property Transactions
Figure 43: Ireland, Total Number of Planning Permissions Granted for Electricity and Communication and Water and Sewage Projects
Figure 44: Ireland, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 45: Ireland, Headquarters of Key Consultants (% of Total Project Pipeline)

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