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Building Completion & Finishing in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 433 March 2024 Spotlight Report

Revenue

€328.0bn

2019-2024 3.1 %
2024-2029 X.X %

Employees

3m

2019-2024 2.7 %
2024-2029 X.X %

Businesses

1m

2019-2024 3.5 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Building Completion & Finishing in Europe industry analysis

Since the COVID-19 pandemic, weak economic conditions have deterred new investment into the construction sector as businesses have sought to preserve cash amid an inflationary economic environment, leading to the postponement and even cancellation of large construction projects. This has restricted the number of opportunities in the new building construction market. However, consumers have increased spending on repair, maintenance and renovation activities, supporting other revenue opportunities for building completion and finishing contractors, supporting an uptick in revenue. Revenue is forecast to grow at a compound annual rate of 3.1% over the five years through 2024 to reach €328 billion.

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Industry Statistics and Trends

Building Completion & Finishing in Europe key trends

Weak economic conditions deter new investment.

 

The number of new construction projects has suffered from economic uncertainty and increased borrowing costs caused by hikes to the base rate of interest.

Renovation activity grew as people were stuck at home.

 

Lockdown restrictions caused consumers to spend more time in their homes, spurring an increase in renovation activity.

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Building Completion & Finishing in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Building Completion & Finishing in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 3.1 % over the past five years, to reach an estimated €328.0bn in 2024.

Trends and Insights

Renovation activity supports revenue opportunities

  • Building completion and finishing services are commonly provided to homeowners undertaking home renovations, though many have opted to carry out their own projects to save money.

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Building Completion & Finishing in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Recovering economic conditions will spur new investment

  • As inflationary pressures ease and sentiment levels in consumer and business markets return to growth, new investment into construction projects will recover and support increased demand for building completion and finishing contractors.

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Revenue

€328.0bn

2019-2024 3.1 %
2024-2029 X.X %

Employees

3m

2019-2024 2.7 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 2.7 % *
  • Job Growth

Top 5 Countries

  1. Greece +14.0%
  2. Latvia +12.2%
  3. Croatia +10.3%
  4. Cyprus +9.2%
  5. Serbia +8.7%

Bottom 5 Countries

  1. Spain -1.0%
  2. Turkey 0.0%
  3. United Kingdom +0.1%
  4. Slovenia +0.7%
  5. Austria +1.0%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Building Completion & Finishing in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Vinci SA
70,248.0
7,586.8
10.8
Bouygues SA
56,844.5
2,019.4
3.6
Strabag SE
17,765.8
757.3
4.3

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Building Completion & Finishing in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Building Completion & Finishing industry in Europe in 2024?

The market size of the Building Completion & Finishing industry in Europe is €328.0bn in 2024.

How many businesses are there in the Building Completion & Finishing in Europe industry in 2024?

There are 1m businesses in the Building Completion & Finishing industry in Europe, which has grown at a CAGR of 3.5 % between 2019 and 2024.

Has the Building Completion & Finishing industry in Europe grown or declined over the past 5 years?

The market size of the Building Completion & Finishing industry in Europe has been declining at a CAGR of 3.1 % between 2019 and 2024.

What is the forecast growth of the Building Completion & Finishing industry in Europe over the next 5 years?

Over the next five years, the Building Completion & Finishing industry in Europe is expected to grow.

What does the Building Completion & Finishing in Europe include?

Plastering and Joinery Installation are part of the Building Completion & Finishing industry.

Which countries have the most businesses in the Building Completion & Finishing industry in Europe?

The European country with the most businesses in the Building Completion & Finishing industry is Italy.

How competitive is the Building Completion & Finishing industry in Europe?

The level of competition is high and steady in the Building Completion & Finishing industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Industry contractors perform construction services in a variety of trades, encompassing work that finishes a building including plastering, joinery installation, floor and wall covering, painting and glazing. This includes work on new projects, renovations, maintenance and repairs to existing structures.

Related Terms

REMOTE WORKINGCOMMERCIAL DEVELOPMENTPROCYCLICAL

What's included in this industry?

PlasteringJoinery InstallationFloor and Wall CoveringPainting and Glazing

Companies

Vinci SABouygues SAStrabag SE

Industry Code

ISIC 2006

433 - Building completion and finishing in Europe

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Performance

Key Takeaways

Renovation activity supports revenue opportunities

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Building Completion & Finishing in Europe industry (2011 -2029)
  • Employees in the Building Completion & Finishing in Europe industry (2011 -2029)
  • Business in the Building Completion & Finishing in Europe industry (2011 -2029)
  • Profit in the Building Completion & Finishing in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Building Completion & Finishing in Europe industry?


Outlook

Analysis

What's driving the Building Completion & Finishing in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Building Completion & Finishing in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Building Completion & Finishing in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Painting services have suffered from increased DIY activity. Due to the cost of living and soaring inflation, consumers have increasingly opted to undertake their own painting projects.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Building Completion & Finishing in Europe industry's products and services performing?

Analysis

What are innovations in the Building Completion & Finishing in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Building Completion & Finishing in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Larger companies provide a range of complimentary services. Offering a range of complementary building completion and finishing services can help contractors win multifaceted contracts.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 9 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Vinci SA
  • Countries of operation for Bouygues SA
  • Countries of operation for Strabag SE
  • Countries of operation for Nexity SA
  • Countries of operation for Skanska AB
  • Countries of operation for Balfour Beatty plc
  • Countries of operation for Altarea SCA
  • Countries of operation for ISG plc
  • Countries of operation for Tarkett SA

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Contractors must adhere to safety and building regulations. Stringent building regulations must be followed to ensure that buildings are completed in line with relevant standards stipulated by government bodies.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Building Completion & Finishing in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Owner-operated businesses inflate profitability. Many owner-operators draw remuneration from a share of profit rather than taking a conventional wage.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Building Completion & Finishing in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.