Western Europe Infrastructure Construction Market Worth $479.9 billion in 2022 with the Highest Contribution from France

Western Europe Infrastructure Construction Market Worth $479.9 billion in 2022 with the Highest Contribution from France - GlobalData Plc

iCrowd Newswire
20 Mar 2023, 21:02 GMT+10

The Western Europe infrastructure construction market size was evaluated at more than $479.9 billion in 2022, according to a new report by GlobalData Plc. The greater focus to develop high-speed railway corridors coupled with a surge of investments in the electricity & power segment is projected to aid the growth of the sector over the forecast period.

Western Europe Infrastructure Construction Market Outlook 2022-2026

Western Europe infrastructure construction market outlook report with detailed sectors and country-wise segment analysis is available with GlobalData Now! View free sample

Western Europe Infrastructure Construction Market FAQs

What was the Western Europe infrastructure construction market size in 2021?
The Western Europe infrastructure construction market size in 2021 was $473.9 billion.

What will be the Western Europe infrastructure construction market growth rate during 2022-2026?
The Western Europe infrastructure construction market will grow at 2.6% during 2022-2026.

Which are the key sectors of Western Europe infrastructure construction market?
The key sectors of Western Europe infrastructure construction market are electricity and power, railway, road, water and sewage, and others.

Which are the key countries in the Western Europe infrastructure construction market?
France, Italy, Germany, and the UK are the key countries in the Western Europe infrastructure construction market.

Which country showcased the highest Western Europe infrastructure construction market growth in 2021?
France showcased the highest share in the Western Europe infrastructure construction market in 2021.

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Western Europe Infrastructure Construction Market Dynamics

The Western Europe infrastructure construction market growth is mainly driven by the strong output values from key revenue-generating economies including the UK, France, and Italy. The European government along with the public authorities are looking forward to reinvigorating the construction industry by spending on infrastructure projects in advance. For instance, the largest pipeline project of the Italy infrastructure construction sector is the development of bridge over Strait of Messina. Similarly, in the UK, the infrastructure construction growth will be driven by the number of transportation projects in the pipeline.

France infrastructure construction industry's output growth, on the other hand, will be supported by the government's vision to build hard infrastructure to revive the economic conditions of the country. However, the infrastructure construction activities may be hampered by high construction material costs and supply chain issues, which may result in project delays, cost overruns, and a reduction in new construction orders.

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Western Europe Infrastructure Construction Report Highlights

The Western Europe infrastructure construction market is projected to witness a CAGR of 2.6% during 2022-2026. The growing focus to develop and maintain the existing network of infrastructure in the region is likely to drive market growth over the forecast period.

The railways sector in the Western Europe region is estimated to witness the highest compounded annual growth rate of more than 5.6% from 2022 to 2026. The development of high-speed railway corridors in the region is likely to positively influence the growth of this sector in the near future.

In 2021, the road construction sector remained the front-runner in capturing the highest market share of more than 46.0%. The year-on-year construction output value from this sector witnessed a growth of nearly 9.4% in 2021 as compared to the previous year.

The electricity and power sector accounted for the second largest and is projected to observe a compounded annual growth rate of nearly 2.9% over the forecast period. The effort to change the existing energy mix paradigm in the region is propelling the deployment of new renewable or clean energy technology-based projects in the region.

Water and sewage sector accounted for the smallest market share of nearly 8.0% in 2021. The region comprises a well-managed sanitation system and access to clean water supplies. The new investment in this sector is to be dominated by public funding to renovate, modernize, and upgrade existing water and sewage facilities.

Among the countries in the region, France is projected to emerge as the largest shareholder in 2021. The country is expected to witness steady infrastructure construction works to prepare for the 2024 Olympics.

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Western Europe Infrastructure Construction Market Scope

GlobalData Plc has segmented the Western Europe infrastructure construction market report by sectors and countries:

Western Europe Infrastructure Construction Sectors Outlook (Value, $ Billion, 2016-2026)

Electricity and Power

Railway

Road

Water and Sewage

Others

Western Europe Infrastructure Construction Countries Outlook (Value, $ Billion, 2016-2026)

France

Germany

Italy

Rest of Western Europe

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Table of Contents

1 Overview

2 Sector Overviews

2.1 Railways

2.2 Roads

2.3 Electricity and Power

2.4 Water and Sewage

2.5 Others

3 Project Pipelines

3.1 All Infrastructure Projects

3.1.1 Railway Projects

3.1.2 Road Projects

3.1.3 Electricity and Power Projects

3.1.4 Water and Sewage Projects

3.1.5 Other Projects

4 Western Europe Infrastructure Construction Regional Trends

4.1 Western Europe Infrastructure Construction Market Data

4.1.1 UK Infrastructure Construction Market Data

4.1.2 France Infrastructure Construction Market Data

4.1.3 Germany Infrastructure Construction Market Data

4.1.4 Italy Infrastructure Construction Market Data

4.1.5 Rest of Western Europe Infrastructure Construction Market Data

5 Research Methodology

5.1 Introduction

5.2 Research Methodology Steps

5.2.1 Data Collection and Consolidation

5.2.2 Modelling and Estimation

5.2.3 Forecasting and Validation

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