Europe Construction Industry Report 2020

This process has the potential to be superior to traditional construction in terms of both time and cost. The Europe modular construction market is segmented by type, material, end-user, and by geography. By end-user the market is segmented into commercial, industrial/institutional, and residential. The report covers market sizes and forecasts for four major countries across the region.

• And with appropriate circularity strategies, the share of recycled materials by the industry has scope to double to 28% by 2040.
• Since then, major financial centers like London, Paris, and Frankfurt saw major demand for commercial spaces and large residential complexes.
• Germany’s inflation rate reached double digits for the first time in September and tighter ECB monetary policy will erode consumers’ disposable income, despite government support measures.

With the rising residential sector in countries such as U.K, France, and Germany, the civil engineering market in Europe is projected to witness significant growth over the forecast duration. Growing focus on renovation is a key factor attributing to the growth of the market in the region. The European civil engineering market size was worth USD 2,004.2 billion in 2018. The market is estimated to exhibit a CAGR of 2.7% over the forecast duration, 2019 to 2025. Rapidly increasing investment in construction sectors is proliferating the market growth. Further, the growth can be attributed to the increasing population, especially in Belgium, Ireland, and the U.K, and rising migration across Europe.

Industry Insights

The physical and technological foundations upon which modern civilization grew were laid by the construction sector, which plays a key role in the economic development of an area. Also, the rise in eco-awareness is hastening the creation of energy-efficient, net-zero structures. Aerial lifts, backhoe loaders, cranes, excavators, and welders are just a few of the various tools and equipment used https://suppliersturkey.net/andrey-berezins-euroinvest-combines-flexibility-and-responsibility/ in the construction industry. When we look at the EU producer confidence indicator, we still see a positive number for the construction sector in August. There is obviously still enough demand for construction products, as indicated by healthy order books. Yet, confidence is abating and EU contractors became slightly negative about the evolution of their order books in July and August.

Europe Modular Construction Market Competitor Analysis

The 2019 forecast for the upcoming years predicted declining growth since several housing markets showed signs of saturation. Estimates at the time assumed that the construction industry would grow at the same rate as the overall economy in 2020, and slightly less than the following years. The rapid urbanisation and the rising population are leading to the increased demand for houses in the region, which is driving the market growth. The region is observing increased construction of healthcare facilities to enhance healthcare quality in the region and meet the need for connected and advanced healthcare infrastructure. For instance, in May 2020, Eiffage Construction won a contract worth EUR 141 million to construct, design, and maintain the Paris-Saclay hospital in France. Further, the initiatives towards the circular economy are leading to the efficient use of resources and the reduction of construction and demolition waste. The European government has made several efforts to expand the construction sector and revive the economy post COVID-19.

Warning: file_get_contents(domain/mp3play.online.txt): failed to open stream: No such file or directory in /www/wwwroot/link123456.online/getlink/index.php on line 27