Europe Building & Construction Sheets Market - Growth, Trends, COVID-19 Impact and Forecasts (2022-2027)

Market Overview

Europe buildings and construction sheets market is anticipated to grow at a CAGR of approximately 4% during forecast period (2022-2027).

In comparison to the global economy, the Europe region took a worse damage in 2020 due to COVID-19 and will recover more slowly in 2022. In Europe region, real GDP is predicted to recover pre-crisis levels by mid-2022. In comparison to the first projections following the commencement of the pandemic, this represents a favourable change in the outlook. It is vital to stress, however, that restoring economic activity to pre-crisis levels will result in gradual recovery for the Europe economy.

The resuscitation of the region's construction industry, as well as the increased use of construction sheets over traditional materials, are projected to boost the market's growth in the short term. The European Central Bank's ultra-low interest rates, a growing urban population, and high immigration over the last five years have all aided the construction boom. The number of pending residential building permits has risen to above 400,000, indicating the sector's expansion.

Scope of the Report

Building & construction sheets are used for the designing of buildings which fulfil spatial, environmental and visual requirements. This report provides analysis of market insights, dynamics, technological innovations, new trends and the impact of COVID-19. Report also covers segmentation by application, function, end users and country.

Europe buildings and construction sheets market is segmented by material (bitumen, rubber, metal and polymer), by end user (residential, commercial and industrial) and by country (United Kingdom, Germany, France and Rest of Europe). The report offers market size and forecasts for Europe Building & Construction Sheets Market in value (USD Billion) for all the above segments.

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Key Market Trends

Rise in Construction Equipment Sales

Construction was the most important end-user industry for sheets in 2021, accounting for almost 75% of the market. Sheets are utilised in flooring, walls & ceiling, windows, doors, roofing, building envelop, electrical, heating, ventilation, and air-conditioning (HVAC) and plumbing applications in the building sector because of their light weight, ease of installation, and energy-saving properties. Fences and walls are also used in both residential and commercial construction projects.

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%. Concrete machinery saw the strongest growth, slightly above the levels seen in the other sectors. The figures surely include a statistical 'base effect' of yearly comparison, with the enormous drop of the first pandemic lockdown in 2020. However, after weathering the Covid crisis, underlying demand within the industry has remained strong and is on track to close the gap with record sales levels of 2017.

From a regional perspective, the markets that were hit hardest in 2020 – particularly the UK and Spain – saw the best performances in 2021. Southern Europe and CEE markets saw above-average growth in sales, and even the mature markets in Northern Europe saw similar levels of recovery. None of the markets saw a fall in sales in 2021, and the only market that experienced single-digit growth was the high-volume German market. The fact that it has still not reached saturation levels can be considered a positive outcome. Turkey continued its recovery from the catastrophic levels of decline seen in 2018/19 and saw the highest levels of growth across the market regions.

Providing an outlook for European construction equipment market in 2022, according to European construction equipment association CECE, the business climate index for the industry recorded its highest ever value in the July 2021 survey and maintained extremely high levels throughout the rest of the year. In the first two months of 2022, there was another small improvement both for the current business situation and future sales expectations. European manufacturers hope that supply-side bottlenecks will create less concerns for the rest of the year. CECE says the demand-side clearly remains strong, as all equipment sub-sectors were expecting business to improve in the months leading up to the summer of 2022.

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