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France Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market France, 2023-2027

Publisher GlobalData
Published Dec 15, 2023
Length 47 Pages
SKU # GBDT18459045

Description

France Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market France, 2023-2027


Summary

The French construction industry is expected to decline by 1% this year and 2.5% in 2024, owing to the impact of high interest rates, and declining investor and consumer confidence that has led to a slowdown in project developments. According to the National Institute of Statistics and Economic Studies (INSEE), the construction industry’s value add declined by 1.4% year on year (YoY) in Q3 2023, preceded by a Y-o-Y decline of 1.4% in Q2 and growth of 0.3% in Q1 2023. The residential sector will account for much of the downturn in the short term, owing to a sharp decline in the number of building permits issued. The total number of dwelling units authorized in the country fell by 31.4% YoY in the first nine months of 2023, according to INSEE, preceded by an annual marginal growth of 0.3% in 2022. The government has also signed five-year agreement with Action Logement, finacial services company, in November 2023 for the renovation works and the construction of social housing. The agreement includes EUR1.2 billion ($1.23 billion) funding for renovation plan and EUR8 billion ($8.2 billion) for the construction of social housing.

Over the remainder of the forecast period, the construction industry's output is expected to recover with an average annual growth rate of 2.2% between 2025 and 2027, supported by the government's investment in the industrial sector and renewable energy infrastructure projects, to achieve carbon neutrality by 2050. France plans to increase its energy generation capacity of renewables to 175GW in 2035, with solar power capacity increasing to 75-100GW, offshore wind power capacity to 18GW, and hydropower capacity to 28GW in 2035. In October 2023, the French Ministry of Economics and Finance announced funding worth EUR70 billion ($71.5 billion) for the construction of electric vehicle charging points across the country, which is in line with its decarbonization plan. The French Ministry announced EUR70 billion ($71.5 billion) for the development of electric vehicle charging points across the country and plans to include 400,000 public charging points by 2030. The funding will also include other initiatives to support decarbonization goals and EUR5.6 billion ($5.7 billion) will be provided from the funding for the decarbonization projects at industrial sites.

The report provides detailed market analysis, information and insights into the French construction industry, including -
  • The French 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 French 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 France. It provides -
  • Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in France, 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.

Table of Contents

47 Pages
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 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
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
7.3 CRI Methodology
8 About GlobalData
9 Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: France, Key Economic Indicators
Table 3: France, Commercial Construction Output by Project Type (Real % Change), 2018–27
Table 4: France, Top Commercial Construction Projects by Value
Table 5: France, Industrial Construction Output by Project Type (Real % Change), 2018–27
Table 6: France, Top Industrial Construction Projects by Value
Table 7: France, Infrastructure Construction Output by Project Type (Real % Change), 2018–27
Table 8: France, Top Infrastructure Construction Projects by Value
Table 9: France, Energy and Utilities Construction Output by Project Type (Real % Change), 2018–27
Table 10: France, Top Energy and Utilities Construction Projects by Value
Table 11: France, Institutional Construction Output by Project Type (Real % Change), 2018–27
Table 12: France, Top Institutional Construction Projects by Value
Table 13: France, Residential Construction Output by Project Type (Real % Change), 2018–27
Table 14: France, Top Residential Construction Projects by Value
Table 15: France, Key Contractors
Table 16: France, Key Consultants
Table 17: France, Construction Output Value (Real, $ Million)
Table 18: France, Construction Output Value (Nominal, EUR Million)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2021–27
Figure 2: France, Construction Output by Sector (Real % Change), 2021–23 and 2024–27
Figure 3: France, Risk Summary
Figure 4: France, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2018–27
Figure 5: France, Construction Output Value, by Sector (Real, $ Million), 2018–27
Figure 6: France, Construction Value Add (EUR Million, 2015 Chained Prices)
Figure 7: France, Gross Fixed Capital Formation, (EUR Million, at 2015 Chained Prices)
Figure 8: France, Turnover Index of Residential and Non-Residential Buildings (2015=100)
Figure 9: France, Materials Costs in Construction of Buildings Index, 2015=100
Figure 10: France, Consumer Confidence Index, Seasonally Adjusted
Figure 11: France, Business Climate Composite Index
Figure 12: France, Construction Projects Momentum Index
Figure 13: Western Europe, Construction Projects Momentum Index
Figure 14: France, Commercial Construction Output by Project Type (Real, $ Million), 2018–27
Figure 15: France, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: France, Wholesale and Retail Trade Activities Value Add (EUR Million, 2015 Chained Prices)
Figure 17: France, Total Authorized Floor Area of Office Premises, in m2
Figure 18: France, Wholesale and Retail Trade Sales Volume Index (2015=100)
Figure 19: France, Number of Nights Spent at Hotels
Figure 20: France, Industrial Construction Output by Project Type (Real, $ Million), 2018–27
Figure 21: France, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: France, Manufacturing Value Add (EUR Million, 2015 Chained Prices)
Figure 23: France, Total Authorized Floor Area of Industrial Premises, in m2
Figure 24: France, Infrastructure Construction Output by Project Type (Real, $ Million), 2018–27
Figure 25: France, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: France, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018–27
Figure 27: France, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: France, Information and Communication Value Add (EUR Million, 2015 Chained Prices)
Figure 29: France, Institutional Construction Output by Project Type (Real, $ Million), 2018–27
Figure 30: France, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: France, Public Administration, Defense, Education, Human Health and Social Work Activities Value Add (EUR Million, 2015 Chained Prices)
Figure 32: France, Total Floor Area of Premises Authorized for Education and Research Public Service Premises, in m2
Figure 33: France, Total Floor Area of Premises Authorized for Health Public Service Premises, in m2
Figure 34: France, Residential Construction Output by Project Type (Real, $ Million), 2018–27
Figure 35: France, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 36: France, Real Estate Value Add (EUR Million, 2015 Chained Prices)
Figure 37: France, Total Floor Area of Authorized Dwellings, in m2
Figure 38: France, House Price Index, Seasonally Adjusted (2015=100)
Figure 39: France, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 40: France, Headquarters of Key Consultants (% of Total Project Pipeline)

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