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Greece Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

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    Report

  • 51 Pages
  • February 2024
  • Region: Greece
  • GlobalData
  • ID: 5744887
Description Jump to:
The publisher expects the construction industry in Greece to grow by 4.8% in real terms in 2024, driven by recovery in tourism and leisure sectors, along with a rise in building permits. Moreover, investments as part of the European Union (EU’s) Recovery and Resilience Facility (RRF). will provide a boost to the industry’s growth in 2024. According to Hellenic Statistical Authority (ELSTAT), the total number of building permits issued in the country rose by 9.1% year on year (YoY) in the first nine months of 2023, preceded by annual growth of 4.6% in 2022.

The industry is expected to slowdown in 2025, but will be higher than the pre-pandemic levels, before recording an annual average growth of 3.4% during 2026-2028, supported by investments in transport, renewable energy, residential and commercial construction projects. The government aims to increase the share of renewable energy in the total energy mix to 35% by 2030. The plan involves a target of producing 7.7GW of solar PV and 7GW of wind capacity, 3.9GW of hydro, 300MW of biomass and biogas and 100MW of geothermal capacity by 2030. Addition to this, the investment in energy efficient renovation of buildings, as part of Greece’s recovery and resilience plan will support the residential sector’s output in the coming period. The plan includes an allocation of EUR1.3 billion ($1.3 billion) in the energy efficient renovation of over 110,000 residences, including for low-income households by 2030.

The Construction in Greece – Key Trends and Opportunities to 2028 (H1 2024) report provides detailed market analysis, information and insights into the Greek construction industry, including -

  • The Greek 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 Greek 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 Greece. It provides -
  • Historical (2019–2023) and forecast (2024–2028) valuations of the construction industry in Greece, 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 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 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 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 Construction
  • Contact the Publisher
List of Tables
Table 1: Construction Industry Key Data
Table 2: Greece, Key Economic Indicators
Table 3: Greece, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Greece, Top Commercial Construction Projects by Value
Table 5: Greece, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Greece, Top Industrial Construction Projects by Value
Table 7: Greece, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Greece, Top Infrastructure Construction Projects by Value
Table 9: Greece, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Greece, Top Energy and Utilities Construction Projects by Value
Table 11: Greece, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Greece, Top Institutional Construction Projects by Value
Table 13: Greece, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: Greece, Top Residential Construction Projects by Value
Table 15: Greece, Key Contractors
Table 16: Greece, Key Consultants
Table 17: Greece, Construction Output Value (Real, $ Million)
Table 18: Greece, Construction Output Value (Nominal, EUR Million)
Table 19: Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2022-28
Figure 2: Greece, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Greece, Risk Summary
Figure 4: Greece, Risk Regional Comparison
Figure 5: Greece, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Greece, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Greece, Construction Value Add, 2015 Chain Linked Volume Measures (EUR Million)
Figure 8: Greece, Gross Fixed Capital Formation in the Construction Industry, 2015 Chain Linked Volume Measures (EUR Million)
Figure 9: Greece, Total Number of Building Permits Issued
Figure 10: Greece, Construction Projects Momentum Index
Figure 11: Western Europe, Construction Projects Momentum Index
Figure 12: Greece, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 13: Greece, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 14: Greece, Wholesale and Retail Trade Value Add, 2015 Chain Linked Volume Measures (EUR Million)
Figure 15: Greece, Total International Tourist Arrivals
Figure 16: Greece, Retail Trade Volume and Turnover Indices, 2015=100, % Change YoY
Figure 17: Greece, New Commercial Building Permits Issued (Number)
Figure 18: Greece, New Office Building Permits Issued (Number)
Figure 19: Greece, New Hotel Building Permits Issued (Number)
Figure 20: Greece, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 21: Greece, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Greece, Industrial and Manufacturing Production Indices, Seasonally Adjusted, 2015=100, % Change YoY
Figure 23: Greece, Total Exports (EUR Million)
Figure 24: Greece, New Manufacturing Building Permits Issued (Number)
Figure 25: Greece, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 26: Greece, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Greece, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 28: Greece, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Greece, Information and Communication value add, 2015 Chain Linked Volume Measures (EUR Million)
Figure 30: Greece, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 31: Greece, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Greece, Public Administration and Defense Value Add, 2015 Chain Linked Volume Measures, (EUR Million)
Figure 33: Greece, New Educational Building Permits Issued (Number)
Figure 34: Greece, New Healthcare Building Permits Issued (Number)
Figure 35: Greece, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 36: Greece, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 37: Greece, Real-Estate Value Add, 2015 Chain Linked Volume Measures (EUR Million)
Figure 38: Greece, GFCF in Dwellings, 2015 Chain-Linked Volume Measures (EUR Million)
Figure 39: Greece, Apartment Price Index, 2007=100, % Change YoY
Figure 40: Greece, FDI in Greek Real Estate (EUR Million)
Figure 41: Greece, New Dwelling Permits Issued (Number)
Figure 42: Greece, Material Costs Index for the Construction of New Residential Buildings, 2015=100
Figure 43: Greece, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 44: Greece, Headquarters of Key Consultants (% of Total Project Pipeline)

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