Largest Construction Companies In Europe - Europe and, now we have to mention it separately, Britain is home to some of the biggest construction companies in the world. In fact, the
The largest international construction contractor is European: ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, Madrid, Spain. And the ACS group is really big, its turnover in 2016 was €34.058 billion. The construction sector is very important for the EU economy. It creates new jobs, promotes economic growth, and offers solutions to social, climate and energy challenges.
Largest Construction Companies In Europe
Curious about Europe's biggest construction companies, GenieBelt decided to dig a little deeper and find out who they are, what they do and how big they are. They plotted their findings on this spreadsheet so you can see for yourself.
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If youare looking for a quick look at the biggest company in each country, this handy map is perfect:
An interesting thing you will notice here that GenieBelt has stated is that "each country has its own 'high center' and although there are thousands of centers throughout Europe, there is not a single central center in all of Europe."
This is understandable, as each country has a different development in construction that they must meet. Slovenia, Montenegro and Spain have grown in the construction sector in recent years. After the global financial crisis in 2009, the European construction industry took a hit. Many countries also returned. 2014 was also the first time that construction grew again as an industry. However, some countries continue to struggle. Greece lost 80 percent of its construction sector between 2010 and 2013. Typically, those hardest hit by the financial crisis saw the greatest struggle in building large construction companies.
The construction sector provides 18 million direct jobs and contributes to around nine percent of the EU's GDP
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Up to 95 percent of construction, architecture and civil engineering companies are micro or small and medium-sized enterprises (SMES)
The European Union's internal market offers international partners access to more than 500 million people in 28 countries and around EUR 13 trillion in GDP.
The EU is aiming for a 30 percent cut in the annual use of primary energy in 2030. The housing sector has the greatest potential for savings, along with public transport.
At EU level there are more than 450 harmonized standards for construction products developed by European standardization bodies
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There is a specific Investment Plan for Europe in 2015 (also called the Juncker Plan or the European Fund for Strategic Investments) with special financial opportunities for the construction sector
The EU is looking for sustainable construction. Homes have the potential to achieve a 90 percent reduction in their greenhouse gases by 2050.
The Energy Performance of Buildings Directive (EPBD) promotes the improvement of the energy performance of buildings, taking into account outdoor climate and local conditions, as well as indoor climate requirements and cost-effectiveness. According to the EPBD, all new buildings will be almost zero energy buildings by 31 December 2020, and two years ago for buildings inhabited and owned by public authorities. . As one of the oldest industries to date, construction has been on the rise for thousands of years - and continues to grow. Indeed, the global construction market is expected to grow to approximately $10.5 trillion by 2023. With this expected increase, today's construction companies have their work cut out for them, to say the least. In addition to meeting the world's most pressing housing needs, construction companies, large and small, make a huge impact on our global economy.
Although the US has one of the largest construction sectors in the world, with approximately $1.59 trillion in 2021 spending, many of the largest construction sectors in the world are based in Europe and China. First, these companies are driving growth in countries such as China, India and the Middle East, in addition to the US. In fact, the total global construction budget will reach $7.28 trillion by 2021.
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So, who are the top giants in the housing industry driving economic growth and employment around the world? To familiarize you with the key players in the industry, we have put together a SlideShare of some of the top construction companies in the world. First is the list in the ranking of the release of the ENR Top 250 International Contractors and we have also added information about their position, income, annual base and notable projects. Enjoy and scroll down.
Skyscraper by skyscraper, bridge by bridge, stadium by stadium, the biggest construction companies in the world don't keep growing a big business; they actually build and shape our environment. And the demand for construction continues to grow. A strong world economy goes hand in hand with growth. Currently, the global construction industry is expected to reach an estimated $10.5 trillion by 2023, and is predicted to grow at a CAGR of 4.2% from 2018 to 2023.
The math is easy. Where there are people, it is built. The world population is currently estimated to grow to 9 billion by 2050, with two-thirds of people predicted to live in cities. Besides building our world, construction companies also help build jobs. Overall, the company employs more than 180 million workers worldwide - and this number is increasing every year.
However you look at it, the future of the construction industry looks bright – as long as companies continue to innovate using technology, and improve their productivity in the process.
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Who will be among the top global construction companies in the next 10, 20, 30 years? Only time will tell, but one thing can be predicted; the companies that will surpass the rest will be the ones that adapt and evolve with the modern age. In other words, companies that embrace new construction products, innovations and a diverse and global workforce will emerge as future winners of the construction industry. . By clicking "Accept All", you agree to the use of ALL cookies. For more information, please visit our Privacy Policy and DPA. Do not sell my personal information. Cookie settings Get it all
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