Construction in Israel - Key Trends and Opportunities to 2024

Construction in Israel - Key Trends and Opportunities to 2024

Summary

Prior to the Coronavirus (COVID-19) outbreak, GlobalData expected the country’s construction industry to grow by 2.3% in 2020. The industry accounts for 12.9% of Israel’s GDP. However, with the outbreak of COVID-19 and strict lockdown measures the government imposed in March and April to curb the spread of the virus, and further re-instating a three-week lockdown in September as cases continue to soar, along with recent data showing the economy tanking by 8.1% in Q2 2020 - a plunge of 28.7% on an annualized basis - GlobalData expects the construction industry to contract by 8.4% in 2020.

Recovery in the sector will ensue, as Israel continues to prioritize transport infrastructure. The severe congestion in Israeli cities is now deemed as the most critical infrastructure bottleneck. Intensive development of intra-city public transport systems will be a primary policy goal in the forecast period (2020-24), although the impact of the COVID-19 pandemic on public transport use may lead to some rationalization of transport priorities. Projects like the Tel Aviv light rail, the Jerusalem light rail, the Haifa-Nazareth light rail, the electrification of Israel Railways network and the fourth track on the Ayalon highway (which involves redirecting the Ayalon stream) will provide a boost to the construction sector; NIS107 billion (US$31.3 billion) will be invested in mass public transportation projects, compared with NIS21 billion in new highways (US$6.2 billion).

While the COVID-19 pandemic has temporarily reduced gas demand, the development of natural gas reserves is expected to gain momentum. The switch to natural gas, as the country's primary energy source will prevail, with the remaining coal-fired power stations to be converted to gas during the forecast period and beyond. The wider adoption of gas throughout oil-dependent industries will encourage a broad switch to natural gas by industry, and by public transport, making use of rising domestic gas production over the forecast period. This will also entail the construction of a network of offshore and onshore pipelines extending beyond the forecast period

This report provides detailed market analysis, information and insights into the Israeli construction industry, including -

  • The Israeli construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Israeli construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
Scope

This report provides a comprehensive analysis of the construction industry in Israel. It provides -
  • Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in Israel, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.


1. EXECUTIVE SUMMARY
2. CONSTRUCTION INDUSTRY: AT-A-GLANCE
3. CONTEXT
3.1. Economic Performance
3.2. Political Environment and Policy
3.3. Demographics
3.4. COVID-19 Status
4. CONSTRUCTION OUTLOOK
4.1. All Construction
4.1.1. Outlook
4.1.2. Latest news and developments
4.1.3. Construction Projects Momentum Index
4.2. Commercial Construction
4.2.1. Outlook
4.2.2. Project analytics
4.2.3. Latest news and developments
4.3. Industrial Construction
4.3.1. Outlook
4.3.2. Project analytics
4.3.3. Latest news and developments
4.4. Infrastructure Construction
4.4.1. Outlook
4.4.2. Project analytics
4.4.3. Latest news and developments
4.5. Energy and Utilities Construction
4.5.1. Outlook
4.5.2. Project analytics
4.5.3. Latest news and developments
4.6. Institutional Construction
4.6.1. Outlook
4.6.2. Project analytics
4.7. Residential Construction
4.7.1. Outlook
4.7.2. Project analytics
4.7.3. Latest news and developments
5. KEY INDUSTRY PARTICIPANTS
5.1. Contractors
5.2. Consultants
6. CONSTRUCTION MARKET DATA
7. APPENDIX
7.1. What is this Report About?
7.2. Definitions
8. ABOUT GLOBALDATA
8.1. GlobalData Construction
8.2. Disclaimer
8.3. Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Israel, Key Economic Indicators
Table 3: Israel, Commercial Construction Output by Project Type (Real % Change), 2015-2024
Table 4: Israel, Top Commercial Construction Projects by Value
Table 5: Israel, Industrial Construction Output by Project Type (Real % Change), 2015-2024
Table 6: Israel, Top Industrial Construction Projects by Value
Table 7: Israel, Infrastructure Construction Output by Project Type (Real % Change), 2015-2024
Table 8: Israel, Top Infrastructure Construction Projects by Value
Table 9: Israel, Energy and Utilities Construction Output by Project Type (Real % Change), 2015-2024
Table 10: Israel, Top Energy and Utilities Construction Projects by Value
Table 11: Israel, Institutional Construction Output by Project Type (Real % Change), 2015-2024
Table 12: Israel, Top Institutional Construction Projects by Value
Table 13: Israel, Residential Construction Output by Project Type (Real % Change), 2015-2024
Table 14: Israel, Top Residential and Mixed-Use Construction Projects by Value
Table 15: Israel, Key Contractors
Table 16: Israel, Key Consultants
Table 17: Israel, Construction Output Value (Real, US$ Million)
Table 18: Israel, Construction Output Value (Nominal, ILS Million)
Table 19: GlobalData Construction Market Definitions
List of Figures
Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2020
Figure 2: Israel, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Israel, COVID-19 Confirmed Cases
Figure 4: Israel, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2015-2024
Figure 5: Israel, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
Figure 6: Israel, Gross Fixed Capital Formation in Construction (ILS Million)
Figure 7: Israel, Construction Value-Add (ILS Million)
Figure 8: Israel, Construction Projects Momentum Index
Figure 9: Israel, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 10: Israel, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 11: Israel, Total Tourist Arrivals (In Thousands)
Figure 12: Israel, Retail and Wholesale Revenue Indices (ILS billion)
Figure 13: Israel, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 14: Israel, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 15: Israel, Manufacturing Production Index (2011=100)
Figure 16: Israel, Total Export Value (ILS, Million)
Figure 17: Israel, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 18: Israel, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 19: Israel, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 20: Israel, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 21: Israel, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 22: Israel, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 23: Israel, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 24: Israel, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 25: Israel, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 26: Israel, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 27: GlobalData at a Glance

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook