Europe Residential Construction Industry Overview
The Europe residential construction market landscape is fragmented with a mix of global and local players. Some of the major players present in the market include Bellway p.l.c., Skanska AB, Persimmon Plc, Barratt Developments plc, and Taylor Wimpey plc. Some of the European players are actively growing their presence on the market by developing new projects, not just in Europe but also in other regions. For instance, in November 2022, Skanska AB (a multinational construction and development company based in Sweden) invested about USD 296 million in a multi-family development project in Seattle, Washington, USA. Skanska will design and construct a 31-story, 324-unit Class A apartment complex in Seattle's Belltown. The construction is expected to be finished in the second quarter of 2025.
Moreover, key players are expanding their businesses through mergers, acquisitions, strategic partnerships, etc., to meet the increasing demand from end users. For instance, in January 2023, Crest Nicholson (a British housebuilding company based in Chertsey) announced that it had acquired land for a new site Rowden Gate, on the edge of Chippenham, Wiltshire. As part of a wider 126-hectare garden village development, Crest Nicholson secured 42.6 acres of land to deliver 453 high-quality new homes to the area.
Europe Residential Construction Market Leaders
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Bellway p.l.c.
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Skanska AB
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Persimmon Plc
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Barratt Developments plc
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Taylor Wimpey plc
- *Disclaimer: Major Players sorted in no particular order
