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Italy Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026

Publisher GlobalData
Published Dec 29, 2022
Length 48 Pages
SKU # GBDT17718280

Description

Italy Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026

Summary

Italy’s construction industry has been booming, recovering strongly in 2021, when it expanded by 21.3%, and continued to rise sharply in 2022, with year-on-year (Y-o-Y) growth of 12.8% in the first three quarters of this year. The expansion has been driven primarily by support packages and incentives for the residential sector, backed by EU funds under the Recovery and Resilience Facility (RRF) to finance large-scale renovation of residential buildings to make them more energy efficient. Although succeeding in boosting construction in recent quarters, the incentive schemes have proven controversial and distortionary, with high levels of fraud and rising construction costs. There are indications that the industry is set to fall back in 2023; this is in part owing to challenges in the continued delivery of residential support schemes, but also because of the uncertain outlook for the economy, high inflation, and rising interest rates. According to the Istat, the average construction cost index for industrial and residential buildings grew by 15.2% and 11.9%, respectively in Y-o-Y terms, in the first ten months of 2022. Additionally, the rise in interest rates and the subsequent rise in borrowing costs is expected to weigh on investor and business confidence, thereby affecting investments in the residential sector in 2023. According to the Census and Economic Information Centre (CEIC), the interest rate was 4.2% in November 2022 - up from 1% in November 2021.

GlobalData expects Italy’s construction industry to rebound at an annual average growth rate of 2.1% from 2024 to 2026, supported by investments in the transport, electricity and housing sectors. There is an overarching sustainable mobility plan, under the RRF, to integrate more regions into the high-speed rail network, complete the rail freight corridors, and boost sustainable local transport through the extension of cycle lanes, metros, tramways, and zero-emission buses, including the construction of electric charging stations across the country and hydrogen refuelling points for road and rail transport. Among the recent project developments, in early December 2022, the EU approved financing of EUR109 million ($111.9 million) to build a new circular railway section in Palermo. In the same month, the EU also approved a plan to invest EUR307 million ($324 million) on the construction of a power line connecting Italy and Tunisia.

The report provides detailed market analysis, information, and insights into Italy’s construction industry, including -
  • Italy’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 Italy’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.
Scope

This report provides a comprehensive analysis of the construction industry in Italy. It provides -
  • Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Italy, 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

48 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 COVID-19 Status
3.5 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
7.4 GlobalData Construction
Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Italy, Key Economic Indicators
Table 3: Italy, Commercial Construction Output by Project Type (Real % Change), 2017-26
Table 4: Italy, Top Commercial Construction Projects by Value
Table 5: Italy, Industrial Construction Output by Project Type (Real % Change), 2017-26
Table 6: Italy, Top Industrial Construction Projects by Value
Table 7: Italy, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
Table 8: Italy, Top Infrastructure Construction Projects by Value
Table 9: Italy, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
Table 10: Italy, Top Energy and Utilities Construction Projects by Value
Table 11: Italy, Institutional Construction Output by Project Type (Real % Change), 2017-26
Table 12: Italy, Top Institutional Construction Projects by Value
Table 13: Italy, Residential Construction Output by Project Type (Real % Change), 2017-26
Table 14: Italy, Top Residential Construction Projects by Value
Table 15: Italy, Key Contractors
Table 16: Italy, Key Consultants
Table 17: Italy, Construction Output Value (Real, $ Million)
Table 18: Italy, 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), 2020-26
Figure 2: Italy, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
Figure 3: Italy, COVID-19 Confirmed Cases
Figure 4: Italy, Risk Summary
Figure 5: Italy, Risk Regional Comparison
Figure 6: Italy, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26
Figure 7: Italy, Construction Output Value, by Sector (Real, $ Million), 2017-26
Figure 8: Italy, Construction Value Add (EUR Million, 2015 Chained Prices)
Figure 9: Italy, Gross Fixed Capital Formation in Construction (EUR, Million 2015 Chained Prices)
Figure 10: Italy, Business Confidence in the Construction Sector (2010=100, Seasonally Adjusted)
Figure 11: Italy, Employment (Numbers in Thousand)
Figure 12: Italy, Construction Projects Momentum Index
Figure 13: Region, Construction Projects Momentum Index
Figure 14: Italy, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 15: Italy, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Italy, Services Activities Value Add (EUR Million, 2015 Chained Prices)
Figure 17: Italy, Wholesale and Retail Trade Value Add (EUR Million, 2015 Chained Prices)
Figure 18: Italy, Foreign Tourist Arrivals and Overnight Stays, In Thousands
Figure 19: Italy, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 20: Italy, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 21: Italy, Manufacturing Value Add (EUR Million, 2015 Chained Prices)
Figure 22: Italy, Construction Cost Index for Industrial Buildings (2015=100)
Figure 23: Italy, Exports, In EUR Million
Figure 24: Italy, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
Figure 25: Italy, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Italy, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
Figure 27: Italy, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Italy, Information and Communication Value Add (EUR Million, 2015 Chained Prices)
Figure 29: Italy, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
Figure 30: Italy, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Italy, Public Administration and Defence, Compulsory Social Security, Education, Human Health, and Social Work Activities (EUR Million, 2015 Chained Prices)
Figure 32: Italy, Residential Construction Output by Project Type (Real, $ Million), 2017-26
Figure 33: Italy, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Italy, Real Estate Value Add (EUR Million, 2015 Chained Prices)
Figure 35: Italy, New Residential Building Permit Approved (in Numbers)
Figure 36: Italy, Construction Cost Index for Residential Buildings (2015=100)
Figure 37: Italy, Gross Fixed Capital Formation in Dwellings (EUR, Million 2015 Chained Prices)
Figure 38: Italy, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 39: Italy, Headquarters of Key Consultants (% of Total Project Pipeline)

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