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Market Analysis

European Construction Market Analysis

Background Data

• The construction market for the 19 Euroconstruct countries was valued at 1,265 billion euros in 2005, a figure almost equivalent to the GDP of Italy and more than double that of the Netherlands.
• Last year's growth rate of 1.5% was just below GDP growth, as is usually the case.
• Germany is the largest European construction market, followed by the UK, Italy, France and Spain.
• These five represent 72% of the construction output in the entire Euroconstruct area.
• The Eastern European markets are still very small, representing only 4% of total output in 2005.