Industry Statistics and Trends
Building Construction in Europe key trends
Government support is key to overcoming challenging economic conditions.
After relying on government support during the pandemic, building contractors are once again leaning on government intervention to spark life into sluggish property markets.
Soaring costs spur a slowdown in activity.
Material shortages and economy-wide inflationary pressures have spurred a significant jump in costs since construction markets reopened after the pandemic.
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Building Construction in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Building Construction in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 2.9 % over the past five years, to reach an estimated €1.1tr in 2024.
Trends and Insights
The pandemic ends a period of solid growth
- Prior to the pandemic, strong house price growth and a post-financial crisis return to economic prosperity fuelled a consistent rise in building construction output across the continent.
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Building Construction in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Ongoing economic uncertainty will continue to constrain activity
- In September 2023, the ECB downgraded its forecast for economic growth in the euro area to 1.5% in 2025, with economic growth in Europe continuing to lag behind the global economy.
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Revenue
€1.1tr
Employees
5m
Wages
€XXX.Xbn
European Leaders & Laggards
Top 5 Countries
- Romania +16.0%
- Malta +13.2%
- Denmark +12.6%
- Netherlands +11.4%
- Cyprus +9.6%
Bottom 5 Countries
- France -2.1%
- Slovakia -1.6%
- United Kingdom-1.4%
- Switzerland -0.2%
- Turkey 0.0%
* CAGR values are for the years 2019-2024.
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Biggest companies in the Building Construction in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Vinci SA | 66,833.8 | 7,264.0 | 10.9 | |
Bouygeous SA | 49,261.3 | 2,080.6 | 4.2 | |
Strabag SA | 19,635.4 | 1,449.9 | 7.4 |
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Building Construction 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 Construction industry in Europe in 2024?
The market size of the Building Construction industry in Europe is €1.1tr in 2024.
How many businesses are there in the Building Construction in Europe industry in 2024?
There are 1m businesses in the Building Construction industry in Europe, which has grown at a CAGR of 4.0 % between 2019 and 2024.
Has the Building Construction industry in Europe grown or declined over the past 5 years?
The market size of the Building Construction industry in Europe has been declining at a CAGR of 4.0 % between 2019 and 2024.
What is the forecast growth of the Building Construction industry in Europe over the next 5 years?
Over the next five years, the Building Construction industry in Europe is expected to decline.
What are the biggest companies in the Building Construction market in Europe?
The biggest companies operating in the Building Construction market in Europe are Vinci SA, Bouygeous SA and Strabag SA
What does the Building Construction in Europe include?
Residential building construction and Building project development are part of the Building Construction industry.
Which companies have the highest market share in the Building Construction in Europe?
The company holding the most market share in Europe is Vinci SA.
Which countries have the most businesses in the Building Construction industry in Europe?
The European country with the most businesses in the Building Construction industry is Russia.
How competitive is the Building Construction industry in Europe?
The level of competition is low and steady in the Building Construction industry in Europe.
Related Industries
This industry is covered in 37 countries
- Building Construction in Austria
- Building Construction in France
- Building Construction in Lithuania
- Building Construction in the Netherlands
- Building Construction in Belgium
- Building Construction in Cyprus
- Building Construction in Estonia
- Building Construction in Iceland
- Building Construction in Europe
- Building Construction in Greece
- Building Construction in Romania
- Building Construction in Norway
- Building Construction in Italy
- Building Construction in Sweden
- Building Construction in Latvia
- Building Construction in Bosnia & Herzegovina
- Building Construction in Luxembourg
- Building Construction in Russia
- Building Construction in Slovakia
- Building Construction in Hungary
- Building Construction in Denmark
- Building Construction in Poland
- Building Construction in Malta
- Building Construction in Croatia
- Building Construction in Slovenia
- Commercial Building Construction in the UK
- Residential Building Construction in the UK
- Building Project Development in the UK
- Building Construction in Germany
- Building Project Development in Germany
- Building Construction in Ireland
- Building Construction in Ireland
- Building Project Development in Ireland
- Building Project Development in Ireland
- Building Construction in Spain
- Building Construction in Portugal
- Building Construction in Serbia
- Building Construction in Switzerland
- Building Construction in Czechia
- Building Construction in Turkey
- Building Construction in Finland
- Building Construction in Bulgaria
Table of Contents
About this industry
Industry definition
The industry includes the general construction of buildings of all kinds, including dwellings, office buildings, stores, public and utility buildings, and farm buildings. Industry activities encompass new work, repair, additions and alterations, the erection of pre-fabricated buildings or structures on site and constructions of a temporary nature.
Related Terms
Building Permit3D PrintingPre-Fabricated ConstructionWhat's included in this industry?
Residential building constructionBuilding project developmentNon-residential building constructionCompanies
Vinci SABouygeous SAStrabag SAIndustry Code
41 - Construction of buildings in Europe
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Performance
Key Takeaways
The pandemic ends a period of solid growth
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- 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 Construction in Europe industry (2011 -2029)
- Employees in the Building Construction in Europe industry (2011 -2029)
- Business in the Building Construction in Europe industry (2011 -2029)
- Profit in the Building Construction in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Building Construction in Europe industry?
Outlook
Analysis
What's driving the Building Construction in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Building Construction in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Building Construction in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Housebuilding sector sees a decline amid rising costs. Spiralling construction costs and a slowdown in house price growth have led to a fall in the number of residential building permits being issued.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Building Construction in Europe industry's products and services performing?
Analysis
What are innovations in the Building Construction in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Building Construction 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
Building construction is dominated by small-scale contractors and developers. Most contractors operate in regional markets, focusing on a specific type of construction or development.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 8 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 Bouygeous SA
- Countries of operation for Strabag SA
- Countries of operation for Nexity SA
- Countries of operation for Skanska AB
- Countries of operation for Ferrovial SA
- Countries of operation for Balfour Beatty plc
- Countries of operation for Hochtief AG
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Eurocodes are the uniform building standards for all EU countries. Eurocodes and other national-level building standards guarantee that buildings are designed and constructed robustly and safely.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Building Construction in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
The pandemic spurs significant supply chain disruption. Following widespread temporary site closures and upstream factory shutdowns, the return to sites after the pandemic was met with severe material shortages.
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 Construction 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.
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