Spain Construction Market is Expected to Reach USD 176.45 Billion by 2030

Execution of large-scale infrastructure projects is driving the Spain construction market growth during the forecast period.

The Spain Construction Market size was valued at USD 125.02 billion in 2024, and is projected to grow to USD 138.86 billion by 2025. Additionally, the industry is expected to continue its growth trajectory, reaching USD 176.45 billion by 2030, with a CAGR of 4.9% from 2025 to 2030, according to new research by Next Move Strategy Consulting.

The construction market in Spain is experiencing strong growth, driven by major infrastructure initiatives launched in 2024 and 2025. Key developments include the AQ-BCN1 Cerdanyola del Vallès Data Center in Barcelona, a 60 MW AI-ready campus with its first phase under construction in 2024; the Camp Nou Stadium renovation, which is modernizing FC Barcelona’s 105,000-seat venue; and the Renopool Solar Park in Badajoz, a 330 MW photovoltaic plant initiated in 2024 to supply energy to 200,000 households. These projects, backed by the Spanish Ministry of Transport and Sustainable Mobility, are expanding national capabilities in construction, digital infrastructure, and renewable energy, advancing overall industry growth.

However, the construction sector continues to face major regulatory challenges. Infrastructure projects must navigate a dense framework of rules and approval processes. These include permits related to zoning, environmental reviews, building code compliance, and safety requirements, administered by multiple government bodies across municipal, regional, and national levels. Delays caused by extended approval timelines, administrative inefficiencies, and inconsistent regulations across jurisdictions lead to higher costs and prolonged delivery schedules. Shifts in policy or regulatory interpretation further complicate execution and undermine investor confidence.

On the other hand, the industry is advancing through rapid digital transformation, propelled by the increasing adoption of Building Information Modeling. BIM supports high-precision digital planning, simulation, and infrastructure oversight, improving project accuracy, coordination, and resource utilization. Reflecting this momentum, ALLPLAN launched Allplan 2024-1 in April 2024 to improve BIM performance and streamline cloud-based workflows. The integration of artificial intelligence, connected devices, and cloud computing is reinforcing real-time coordination, predictive maintenance, and efficient facility operations across the construction landscape.

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Several market players operating in the Spain construction industry include Acciona, S.A., Grupo ACS S.A., FCC Group, Ferrovial S.E., Obrascon Huarte Lain, S.A., Grupo Empresarial San, VINCI Construction, Elecnor Group, TSK ELECTRONICA Y ELECTRICIDAD SA, Técnicas Reunidas S.A., Taylor Wimpey plc, Construcciones y Reformas J.M. Luquero, Proyectos y Obras ACR, Aldesa Construcciones, S.A., SACYR, S.A., and others.

Key Insights from the Spain Construction Market Report:

•    The information related to key drivers, restraints, and opportunities and their impact on the Spain construction market trends is provided in the report.

•    The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

•    The market share of key players in the industry is provided in the report along with their competitive analysis.