Europe Building & Construction Sheets Market Analysis
In this scenario, the current projections made by Euroconstruct forecast a significant slowdown in the growth rate of residential construction to 1.3% in 2024. This is the combined result of stagnation trends in both new residential construction and renovation (1.5% and 1.2%, respectively).
- Building material shortages are still high, and low water levels are now threatening supply with little relief in sight.
- Owing to this factor, the recycled aggregates segment is projected to grow at the fastest rate in the Europe construction aggregates market.
- The roadmap will be launched at a conference on Tuesday 24 May 2022, attended by EU policymakers and representatives from across the built environment sector.
- European technical standards that provide a common approach to the structural design of buildings and other civil engineering works.
- To that end, it proposes working together with industry, public authorities, social partners and other stakeholders.
According to forecasts, total construction growth in the 19 Euroconstruct countries will slow to 2.3% in 2022, with a similar rate forecast for 2023. This is due to market instability exacerbated by the war in Ukraine and the high levels of inflation, which are dampening economies’ propensity to invest in new construction projects.
Future Continues To Look Positive For Construction Industry
Construction equipment sales in Europe rose steadily until 2019, when they peaked. However, the business saw a significant fall in 2020 and 2021 after the COVID-19 pandemic. By 2025, it is expected that sales in this industry would not rebound to their pre-COVID-19 levels. 2021 saw consistent trends across the equipment sub-sectors with all product segments recording growth in sales of between 22% and 30%.
Europe Building & Construction Sheets Market Competitor Analysis
CIC-Market Solutions has forecast a decline in construction investment of -1.1 per cent in 2023 following a post-pandemic high of 5.9 per cent growth. Since the financial crisis in 2009, the construction industry has been shrinking. 2014 was the first year for the https://dayblog.org/ to grow again by 2.9%. Especially Greece, that lost 80% of its construction industry output during the years 2010 to 2013, was hit very hard. Only the Scandinavian countries seem to have been able to withstand the aftermath of the financial crisis. Central European countries, with the exception of France, are by now back on a growth track and even better off than before 2009.