
Israel Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2023-2027
Description
Israel Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2023-2027
Summary
The outlook for the construction industry in Israel is gloomy given the impact of the ongoing conflict with Hamas, which has resulted in projects being delayed or temporarily halted owing primarily to the reduction in labor. There had already been a drop off in the total area authorised for office, manufacturing, and residential buildings prior to the onset of the conflict, and the situation is likely to have worsened since. Moreover, the Central Bank of Israel forecast 2.0% GDP growth in 2023 and 2.0% growth in 2024 in November 2023, down from the previous revision of 2.3% growth in 2023 and 2.8% in 2024. This negative growth is attributed to the ongoing war and assumes that it will be concentrated mainly on the southern front.
The outlook is highly uncertain, but with the government's focus on infrastructure development and investment in the energy and utilities and residential construction projects, there could be average annual growth of 3.1% between 2025 and 2027. The government aims to generate 30% of its energy from renewable sources by 2030, with plans to invest ILS80 billion ($23 billion) in the installation of 15GW of solar photovoltaic power by 2030. The government has taken significant steps toward achieving its targets, such as gradually introducing excise taxes on coal and other fuels from 2023 to 2028 and phasing out coal energy production by 2025, thereby promoting investments and growth in the renewable energy sector. In September 2023, the Ministry of Energy and Infrastructure announced an additional target of adding 2,000 megawatts of solar projects, with a budget of ILS17 billion ($4 billion) for establishing new renewable energy facilities nationwide. Additionally, the government plans to invest ILS123.6 billion ($34.9 billion) to expand the rail network to 2,572km by 2040.
The report provides detailed market analysis, information and insights into Israel’s construction industry, including -
- Israel’s 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 Israel’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Israel. It provides -
- Historical (2018–2022) and forecast (2023–2027) 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
- 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
45 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: Israel, Key Economic Indicators
- Table 3: Israel, Commercial Construction Output by Project Type (Real % Change), 2018–27
- Table 4: Israel, Top Commercial Construction Projects by Value
- Table 5: Israel, Industrial Construction Output by Project Type (Real % Change), 2018–27
- Table 6: Israel, Top Industrial Construction Projects by Value
- Table 7: Israel, Infrastructure Construction Output by Project Type (Real % Change), 2018–27
- Table 8: Israel, Top Infrastructure Construction Projects by Value
- Table 9: Israel, Energy and Utilities Construction Output by Project Type (Real % Change), 2018–27
- Table 10: Israel, Top Energy and Utilities Construction Projects by Value
- Table 11: Israel, Institutional Construction Output by Project Type (Real % Change), 2018–27
- Table 12: Israel, Top Institutional Construction Projects by Value
- Table 13: Israel, Residential Construction Output by Project Type (Real % Change), 2018–27
- Table 14: Israel, Top Residential Construction Projects by Value
- Table 15: Israel, Key Contractors
- Table 16: Israel, Key Consultants
- Table 17: Israel, Construction Output Value (Real, $ Million)
- Table 18: Israel, Construction Output Value (Nominal, ILS Million)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2021–27
- Figure 2: Israel, Construction Output by Sector (Real % Change), 2021–23 and 2024–27
- Figure 3: Israel, Risk Summary
- Figure 4: Israel, Risk Regional Co
Pricing
Currency Rates
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