Key Trends and Opportunities in the Construction Market in Portugal to 2025: Annual Average Growth Rate of 1.8% Forecast Between 2022-2025 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Construction in Portugal – Key Trends and Opportunities to 2025 (H1 2021)” report has been added to ResearchAndMarkets.com’s offering.
Despite the outbreak of Coronavirus (COVID-19), the Portuguese construction industry expanded by 3.3% in real terms in 2020, driven by public and private sector investments in both building and civil engineering works. Industry growth decelerated in 2020, however, compared with the growth rate of 5.1% in real terms in 2019.
According to the Instituto Nacional de Estatistica (INE), the industry’s value-add grew by 3.6% YoY in the fourth quarter 2020 and was preceded by growth of 4.4% in both Q3 and Q2 2020.
The construction industry is forecast to grow by 4.4% in real terms in 2021, and it is thereafter expected to post an annual average growth rate of 1.8% between 2022-2025, supported by the government’s focus on developing the country’s infrastructure.
In October 2020, the government approved the 2030 National Investment Program (PNI), under which it intends to spend EUR43 billion (US$48.1 billion) to develop the country’s transport and energy infrastructure by 2030. The government plans to spend EUR21.7 billion (US$23.9 billion) on transport projects and EUR13 billion (US$14.3 billion) to develop the country’s energy infrastructure, which is largely focused on hydrogen production.
The report provides detailed market analysis, information, and insights into the Portuguese construction industry, including:
- The Portuguese construction industry’s growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Portuguese construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Portugal. It provides –
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Portugal, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
For more information about this report visit https://www.researchandmarkets.com/r/et45qz
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