Published on 1 Dec 2022 on Insider Monkey via Yahoo Finance

15 Biggest European Construction Companies

In this piece, we will take a look at the fifteen biggest European construction companies. For more firms, head on over to 5 Biggest European Construction Companies.

The European construction industry, like nearly every other sector out there, also faced the brunt of the coronavirus pandemic as an economic slowdown decreased spending. The industry consists of a variety of different sectors such as residential, healthcare, hospitality, and others. Despite the coronavirus slowdown, the segment was worth $2.9 trillion by the end of 2021, believes the research firm Expert Market Research. From then until 2028, the sector will grow at a relatively strong compounded annual growth rate (CAGR) for its size of 3.6% and be worth $3.6 billion by the end of the forecast period.

A key advantage for European firms is that housing is often funded by the government, which ends up providing them with a stable source of revenue that remains relatively insulated to economic downturns when compared to private spending. An example of this spending is the Dutch government's decision to spend 253 million Euros to build thousands of new houses in 2021 - the majority of which will be affordable houses aimed at alleviating the difficulties people face in home ownership. Additionally, the growing shift towards sustainable sourcing for housing materials is spurring new projects as well, since materials such as timber were previously not required by law to be used in building construction.