TheEuropean construction marketis one of the largest and most diverse in the world. It encompasses various sectors, including residential, commercial, industrial, infrastructure, and civil engineering projects.
With the largest market size, construction contributes substantially towards GDP and employment. In 2022, the market was valued at approximately EUR 2.6 trillion and is expected to grow at a CAGR of 4.9% from 2023 to 2028.
Here are some of the key statistics about the European construction market:
The role of the largest construction companies in Europe will be even more important in the coming years. These companies will need to adapt to the challenges facing the market and continue to deliver high-quality construction projects in europe as well as other regions.
However, the European construction market also faces some challenges:
The largest construction contractors in Europe play a vital role in the market. These large companies are responsible for delivering majorinfrastructure projects, such as roads, bridges, airports, and power plants. They also play a key role in the construction of residential and commercial buildings apart from their role in providing employment and boosting the GDP of the entire region.
1. ACS (Actividades de Construccion y Servicios) SA
2. VINCI SA
3. Strabag SE
4. Skanska AB
CS (Actividades de Construccion y Servicios) SA, or ACS Group, is the largest building construction company in Spain. The company has a dominant market share in Western Europe through its subsidiary Hochtief AG and in the United States through Turner Construction.
It provides construction and engineering services and specializes in civil work projects. It operates through the following segments: Construction, Industrial Services, Services, and Corporate Units. The Construction segment caters to civil works, residential, and non-residential buildings.
The Industrial Services segment engages in the development of applied engineering services, installations, and the maintenance of industrial infrastructures in the energy, communications, and control systems sectors.
Vinci SA is probably the largest construction company not only in France but also in Europe. Founded in 1899 as Société Générale d’Enterprises, Vinci has emerged as one of the15 largest EPC companies in the world, rebranding itself as VINCI in 2000.The company has grown in size and market capitalization by acquiring numerous other businesses worldwide. Vinci Group has more than 1800 wholly owned subsidiary companies and more than 150 joint ventures.
The biggest French construction company operates through two broad categories of services - Concession and Contracting. While the Concessions segment develops and operates motorways, transport infrastructures, and public facility concessions, the Contracting segment includes electrical works and engineering, information, and communication technology.
STRABAG SE tops thelist of 7 top construction companies in Austria. It operates its business through the following business segments: North + West, South + East, International + Special Divisions, and Other. The North + West segment engages in construction activities in Germany, Poland, Benelux, and Scandinavia as well as ground engineering, hydraulic engineering, and offshore wind activities. The South + East segment is comprised of construction activities in Austria, Switzerland, Hungary, Czech Republic, Slovakia, Adriatic, the Rest of Europe and Russia, and the environmental engineering business.
The International + Special Divisions segment includes international construction activities, tunneling, services, real estate development, and infrastructure development as well as the construction materials business. The Other segment represents central divisions and central staff divisions, which handle services in the areas of accounting, group financing, technical development, machine management, quality management, logistics, legal affairs, and contract management. The company was founded in 1895 and is headquartered in Villach, Austria.
Skanska AB is the largest among thetop 7 construction companies in Sweden. It engages in the provision of construction and project development businesses. It operates through the following segments: Construction, Residential Development, and Commercial Property Development. The Construction segment includes both building construction and civil construction.
The Residential Development segment develops residential projects for immediate sale. The Commercial Property Development segment initiates, develops, leases, and diverts commercial property projects. The company was founded by Rudolf Fredrik Berg in 1887 and is headquartered in Stockholm, Sweden.
Are you looking for in-depth insights into the profile, financials, portfolio of projects, and operations expertise of a construction company in Europe?Get in touch with us today.
This list is important for Building/Project Owners, Clients, Engineers,Subcontractors,Construction Project Managers, Building Material Suppliers, and Architects. A compiled list of the most reputable and reliable construction companies in the European region can allow you to identify the best relevant partners and address them directly for your next project.
If you want more information on thelargest construction/EPC companies in the world, check out our publication here.
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