Spain Construction Market by Type (Renovation, and New Construction), by Construction Method (Traditional, Prefabricated/Modular, 3D-Printed, and Green/Sustainable), by Contractor Type (Large Contractor, Medium Contractor, and Small Contractor), and Sector (Real Estate, Commercial, Infrastructure, Industrial) – Industry Trends and Forecast, 2025–2030
Industry: Construction & Manufacturing | Publish Date: 09-Jun-2025 | No of Pages: 85 | No. of Tables: 118 | No. of Figures: 63 | Format: PDF | Report Code : CM2201
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Spain Construction Industry Overview
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.
The market is experiencing robust growth, driven by major large-scale projects such as the AQ-BCN1 Data Center, Camp Nou Stadium renovation, and Renopool Solar Park, which enhance the country's infrastructure, digital, and renewable energy capabilities. Increasing investments, particularly in the energy and transportation sectors, are fueling market expansion, with significant backing from the EU's recovery funds.
However, the market faces challenges from regulatory complexities, including lengthy permit processes and bureaucratic inefficiencies, which can delay projects and increase costs. Despite these hurdles, the growing adoption of Building Information Modeling (BIM) and the integration of AI, IoT, and cloud technologies offer substantial opportunities for improved project execution, efficiency, and collaboration, driving further growth in Spain construction market trends.
Large-Scale Construction Initiatives Fuels the Spain Construction Market Growth
The construction market in Spain is experiencing substantial growth, significantly boosted by large-scale infrastructure initiatives launched in 2024 and 2025. Key projects driving this expansion 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, advancing in 2024 to modernize FC Barcelona’s iconic venue with a 105,000-seat capacity; and the Renopool Solar Park in Badajoz, a 330 MW photovoltaic plant started in 2024 to power 200,000 homes. These projects, supported by the Spanish Ministry of Transport and Sustainable Mobility, enhance Spain’s construction, digital, and renewable energy capabilities, driving industry growth.
Increasing Investments in Construction Activities Boosts the Spain Construction Market Demand
Increasing investments in construction activities are significantly driving the growth of Spain construction market.
According to Spain’s Ministry of Economy, Trade, and Enterprise, infrastructure investment reached USD 48 billion in 2024, a 20% increase from 2023. The energy sector led with USD 18 billion, driven by renewable projects like the Valdezorita Wind Farm, under construction in 2025 with a 200 MW capacity, while the transportation sector secured USD 12 billion, including Mediterranean Corridor high-speed rail upgrades in 2024. This investment trend, bolstered by EU Recovery and Resilience Facility funds, is expected to sustain market growth and development.
Regulatory Complexities Hinders the Spain Construction Market Expansion
The construction market faces significant challenges due to stringent regulatory frameworks. Infrastructure projects encounter obstacles from the complex network of government regulations and permitting processes. These projects require securing numerous permits and approvals from various governmental bodies, including zoning regulations, environmental assessments, compliance with building codes, safety standards, and other regulatory requirements.
Lengthy permit acquisition processes, bureaucratic inefficiencies, and regulatory disparities across jurisdictions can significantly delay project timelines and increase costs. Additionally, fluctuations in regulations or unexpected policy changes can disrupt ongoing projects and deter potential investments.
Integration of Digitalization and BIM Presents Lucrative Opportunity for the Market Expansion
The construction industry is experiencing a major digital shift, fueled by the growing adoption of Building Information Modeling (BIM), which is creating new opportunities for growth. BIM facilitates digital design, simulation, and infrastructure management, enhancing accuracy, collaboration, and resource efficiency.
In line with this trend, ALLPLAN introduced Allplan 2024-1 in April 2024, aimed at strengthening BIM capabilities and optimizing cloud-based workflows, highlighting the sector’s move toward fully digital project execution. Additionally, the integration of AI, IoT, and cloud technologies is driving real-time collaboration, predictive maintenance, and streamlined facility management.
Competitive Landscape
The key 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.
Spain Construction Market Key Segments
By Type
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Renovation
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New Construction
​​​​​​By Construction Method
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Traditional Construction
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Prefabricated/Modular Construction
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3D-Printed Construction
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Green/Sustainable Construction
By Type of Contractor
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Large Contractor
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Medium Contractor
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Small Contractor
By Sector
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Real Estate
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Residential
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Affordable
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Luxury
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Commercial
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Retail Buildings
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Office Buildings
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Hospitality
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Healthcare Facilities
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Educational Institutes
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Entertainment Ventures
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-
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Infrastructure
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Transportation
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Airport
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Port
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Rail
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Road
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Water and Wastewater
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Energy
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Telecommunication
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Industrial
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Manufacturing Plant
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Warehouses
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Power Plants
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Oil Refineries
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Chemical Plants
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Key Players
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Acciona, S.A.
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Grupo ACS S.A.
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FCC Group
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Ferrovial S.E.
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Obrascon Huarte Lain, S.A.
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Grupo Empresarial San
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VINCI Construction
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Elecnor Group
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TSK ELECTRONICA Y ELECTRICIDAD SA
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Técnicas Reunidas S.A.
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Taylor Wimpey plc
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Construcciones y Reformas J.M. Luquero
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Proyectos y Obras ACR
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Aldesa Construcciones
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S.A.SACYR, S.A.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2024 |
USD 125.02 Billion |
|
Revenue Forecast in 2030 |
USD 176.45 Billion |
|
Growth Rate |
CAGR of 4.9% from 2025 to 2030 |
|
Analysis Period |
2024-2030 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Companies Profiled |
15 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
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