Please Wait.....
Report
Spain Construction - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)
Market Report I 2026-02-09 I 150 Pages I Mordor Intelligence
Spain Construction Market Analysis
The Spain construction market is expected to grow from USD 167.70 billion in 2025 to USD 176.14 billion in 2026 and is forecast to reach USD 225.15 billion by 2031 at 5.03% CAGR over 2026-2031. This expansion is propelled by Spain's access to USD 154 billion in NextGenerationEU resources, of which roughly 70% flows directly into construction-related programs spanning infrastructure, renewable energy, and building rehabilitation. Residential activity keeps demand resilient, while unprecedented public-sector spending anchors infrastructure outlays and crowds in private capital. Growing adoption of modern construction methods, extensive digitalization mandates, and the 2030 FIFA World Cup infrastructure program further widen the opportunity set. Nevertheless, labor scarcity and commodity-price volatility continue to weigh on margins, compelling firms to accelerate automation, off-site manufacturing, and strategic procurement actions.
Spain Construction Market Trends and Insights
EU-Funded Infrastructure Modernization
Spain secured USD 76.5 billion in grants, receiving an "excellent" rating from the European Commission for its recovery plan. Flagship rail schemes include the USD 919.6 million ADIF network renewal and the USD 3.3 billion Mediterranean Corridor upgrade, which converts single to double track and electrifies critical links. Complementary Connecting Europe Facility funding of USD 265.1 million supports 22 multimodal projects across eight regions. These works generate local employment, stimulate steel and concrete demand, and re-position Spain as a continental logistics hub.
Renewable-Energy Build-Out
National targets call for 62 GW of fresh renewable capacity by 2030, fuelling wide-ranging construction. The USD 770 million Teruel onshore wind contract for 125 GE Vernova turbines will deliver 760 MW and exemplifies portfolio scale-up. Iberdrola's USD 550 million smart-grid expansion, part-financed by EU funds, is projected to support 10,000 annual jobs. Energy-storage investments such as the Valdecanas pumped-storage upgrade (USD 118.8 million) raise grid resilience and secure stable EPC pipelines.
High Labor Cost & Skilled-Worker Shortages
Only 9.2% of Spain's construction workforce is under 29, down from 25.2% in 2008, constraining execution capacity for EU-funded projects. Vocational-training enrolment declined 45.6% over 15 years, widening gaps just as renewables and digitalization require specialized talent. The sector lobby pushes for expanded dual-training programs under the Fundacion Laboral de la Construccion, while recruiting abroad delivers incremental relief. Tight labor markets in Madrid and Catalonia drive wage escalation that jeopardizes bid competitiveness and strains fixed-price contracts.
Other drivers and restraints analyzed in the detailed report include:
Housing-Demand Recovery Via Favorable Mortgage RatesTourism-Led Commercial Real-Estate ReboundVolatile Cement & Steel Prices
For complete list of drivers and restraints, kindly check the Table Of Contents.
Segment Analysis
Residential construction held 36.80% of the Spain construction market share in 2025, sustained by unmet urban housing demand and a brisk foreign-buyer segment. Infrastructure, the fastest-growing component, is forecast to post a 6.78% CAGR through 2031 as Recovery-Plan disbursements front-load transport and energy upgrades. Metro Madrid line extensions, Mediterranean Corridor rail doubling, and Iberdrola grid expansions collectively shift contractor backlogs toward heavy civil works. Meanwhile, the 2030 FIFA World Cup injects marquee stadium and urban-mobility projects that further tilt growth toward infrastructure.
Despite the infrastructure's surge, residential pipelines remain robust in Madrid, Barcelona, and Valencia, where land scarcity and policy incentives favor vertical development. Energy-efficient building codes catalyze demand for heat-pump installations and high-performance envelopes, spurring specialized subcontractors. Commercial real estate capitalizes on revived tourism flows, while industrial space rides the wave of near-shoring and e-commerce logistics, showcasing the sector's diversified growth engines.
New construction dominated with a 67.05% slice of the Spain construction market size in 2025, powered by green-field rail, highway, and utility megaprojects. Renovation, however, is expanding at a 5.55% CAGR on the back of USD 3.8 billion in EU subsidies targeting 510,000 residential retrofit actions by 2026. Grants covering up to 80% of eligible costs and mandating 30% energy-use cuts amplify homeowner uptake. Catalonia leads with more than 300 subsidized schemes, while 597 public buildings across 499 municipalities secure separate retrofit funding.
The renovation surge addresses Spain's aging stock, with two-thirds of buildings older than 40 years. BIM-based energy audits and digital building permits streamline approval and encourage bundling of works, reducing unit costs. Contractors pivot to facade insulation, solar-ready roofing, and accessibility upgrades, creating niche opportunities for SME specialists. As utility bills climb, payback periods shrink, supporting a sustained retrofit wave beyond the grant window.
The Spain Construction Market Report is Segmented by Sector (Residential, Commercial, and Infrastructure), by Construction Type (New Construction and Renovation), by Construction Method (Conventional On-Site, and More), by Investment Source (Public and Private), and by Geography (Andalusia, Catalonia, Madrid, Valencia, and Rest of Spain). The Market Forecasts are Provided in Terms of Value (USD).
List of Companies Covered in this Report:
ACS, Actividades de Construccion y Servicios, S.A. Dragados S.A. Acciona Construccion S.A. Ferrovial Construccion S.A. FCC Construccion S.A. Sacyr Construccion S.A. Elecnor S.A. Cobra Instalaciones y Servicios S.A. TSK Electronica y Electricidad S.A. Administrador de Infraestructuras Ferroviarias (ADIF) ADIF Alta Velocidad Obrascon Huarte Lain (OHLA) S.A. Grupo SANJOSE S.A. Aldesa Construcciones S.A. Vias y Construcciones S.A. COMSA Corporacion Copasa Grupo Ortiz Sorigue Rover Grupo
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 Introduction
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Landscape
4.1 Market Overview (Macro-economy & Construction Activity)
4.2 Market Drivers
4.2.1 Recovery of housing demand supported by favourable mortgage rates
4.2.2 EU-funded infrastructure modernisation (NextGenerationEU)
4.2.3 Renewable-energy build-out (wind/solar & grid)
4.2.4 Tourism-led commercial real-estate rebound
4.2.5 Modular/industrialised construction adoption in public tenders
4.2.6 Water-scarcity adaptation projects (desalination, reuse)
4.3 Market Restraints
4.3.1 High labour cost & skilled-worker shortages
4.3.2 Volatile cement & steel prices
4.3.3 Stringent biodiversity impact assessments
4.3.4 Rising climate-risk insurance premiums
4.4 Value / Supply-Chain Analysis
4.4.1 Overview
4.4.2 Real Estate Developers and Contractors - Key Quantitative and Qualitative Insights
4.4.3 Architectural and Engineering Companies - Key Quantitative and Qualitative Insights
4.4.4 Building Material and Equipment Companies - Key Quantitative and Qualitative Insights
4.5 Government Initiatives & Vision
4.6 Regulatory Landscape
4.7 Technological Outlook
4.8 Industry Attractiveness - Porter's Five Force Analysis
4.8.1 Bargaining Power of Suppliers
4.8.2 Bargaining Power of Consumers
4.8.3 Threat of New Entrants
4.8.4 Threat of Substitutes
4.8.5 Intensity of Competitive Rivalry
4.9 Pricing (Construction Materials) and Construction Cost (Materials, Labour, Equipment) Analysis
4.10 Comparison of Key Industry Metrics of the Spain with Other Countries
4.11 Key Upcoming/Ongoing Projects (with a focus on Mega Projects)
5 Market Size & Growth Forecasts (Value, In USD Billion)
5.1 By Sector
5.1.1 Residential
5.1.1.1 Apartments/Condominiums
5.1.1.2 Villas/Landed Houses
5.1.2 Commercial
5.1.2.1 Office
5.1.2.2 Retail
5.1.2.3 Industrial and Logistics
5.1.2.4 Others
5.1.3 Infrastructure
5.1.3.1 Transportation Infrastructure (Roadways, Railways, Airways, others)
5.1.3.2 Energy & Utilities
5.1.3.3 Others
5.2 By Construction Type
5.2.1 New Construction
5.2.2 Renovation
5.3 By Construction Method
5.3.1 Conventional On-Site
5.3.2 Modern Methods of Construction (Prefabricated, Modular, etc)
5.4 By Investment Source
5.4.1 Public
5.4.2 Private
5.5 By Geography
5.5.1 Andalusia
5.5.2 Catalonia
5.5.3 Madrid
5.5.4 Valencia
5.5.5 Rest of Spain
6 Competitive Landscape
6.1 Market Concentration & Strategic Moves
6.2 Market Share Analysis
6.3 Company Profiles (includes Global Overview, Market Overview, Core Segments, Financials, Strategic Information, Products & Services, Recent Developments)
6.3.1 ACS, Actividades de Construccion y Servicios, S.A.
6.3.2 Dragados S.A.
6.3.3 Acciona Construccion S.A.
6.3.4 Ferrovial Construccion S.A.
6.3.5 FCC Construccion S.A.
6.3.6 Sacyr Construccion S.A.
6.3.7 Elecnor S.A.
6.3.8 Cobra Instalaciones y Servicios S.A.
6.3.9 TSK Electronica y Electricidad S.A.
6.3.10 Administrador de Infraestructuras Ferroviarias (ADIF)
6.3.11 ADIF Alta Velocidad
6.3.12 Obrascon Huarte Lain (OHLA) S.A.
6.3.13 Grupo SANJOSE S.A.
6.3.14 Aldesa Construcciones S.A.
6.3.15 Vias y Construcciones S.A.
6.3.16 COMSA Corporacion
6.3.17 Copasa
6.3.18 Grupo Ortiz
6.3.19 Sorigue
6.3.20 Rover Grupo
7 Market Opportunities & Future Outlook
7.1 White-space & Unmet-need Assessment
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security