LONDON--(BUSINESS WIRE)--Economic recovery and attractive growth prospects are contributing to a positive outlook for the construction market in Spain, which is expected to grow at a CAGR of nearly 3% from 2015-2019, says Technavio.
Construction Sector: About the Report
The industry analysis report draws attention towards increasing investment in commercial properties by domestic and international buyers, which is driving the growth of the non-residential sector. Heightened investment in the retail sector in Spain is also leading retailers to open new outlets in the country, which requires retail parks and shopping centers, thus fueling the demand for commercial buildings.
“Contractors are increasingly using business information modeling applications for construction projects in the country. These applications help track a project's progress and other relevant data enabling increased productivity in less time,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the development of energy-efficient buildings in Spain. These buildings are constructed using solar energy and energy-efficient building materials that cause significantly less environmental damage.
“The demand for energy-efficient buildings is rapidly increasing, which is prompting many building contractors to implement energy-efficient methods in construction,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the construction market in Spain. To calculate the market size, the report considers the construction market's contribution to Spain's GDP.
Key Information Covered in the Report:
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Key Vendors:
- Acciona S.A.
- FCC Construcción
- Ferrovial SA
- Sacyr Vallehermoso SA
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Market Growth Drivers:
- Economic Recovery
- For a full detailed list, view our report.
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Market Challenges:
- High Unemployment Rate
- For a full detailed list, view our report.
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Market Trends:
- Development of Energy-Efficient buildings
- For a full detailed list, view our report.
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