
Italy Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market France, 2023-2027
Description
Italy Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market France, 2023-2027
Summary
GlobalData expects the construction industry in Italy to continue to fall from the high level reached in 2022, with a drop of 2.5% in 2023 being followed by a decline of 8.6% in 2024 and 2% in 2025. This drop in activity mainly reflects the winding down of government funded support for works in the residential sector. The Italian government reaffirmed in early September 2023 that it does not plan to extend the “Superbonus 110” tax incentive program, due to potential implications on public finances. In mid-December 2023, Prime Minister Giorgia Meloni reported that the tax incentive had drained the state’s funds, with the subsidy resulting in a gap of EUR140 billion ($143 billion) - which is equivalent to the annual budget for healthcare. The weak economic backdrop will also contain investment growth, with, high interest rates, falling manufacturing activities, slowing exports, falling construction employment, and falling residential permits. Despite the forecast decline in spending, output levels in real terms over the forecast period will still be higher than in 2019.
GlobalData expects the industry to regain growth momentum in 2026 and register an average annual growth of 1.8% from 2026 to 2027, supported by investments in residential, infrastructure, renewable energy, and liquefied natural gas (LNG) projects. In late November 2023, the Italian Cabinet approved a decree aimed at boosting renewable energy, improving the country's energy security, and supporting energy-intensive businesses. The package will involve EUR27.4 billion ($28 billion) in investments and includes measure such as cutting red tape around green energy projects, providing incentives for 3,800 energy-intensive businesses to install green energy sources, accelerating work on two onshore liquid natural gas terminals in southern Italy, and providing EUR350 million ($357.4 million) per year until 2032 to fund projects aimed at overcoming local opposition against the installation of renewable energy plants.
The report provides detailed market analysis, information and insights into the Italian construction industry, including -
- The Italian 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 Italian 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 Italy. It provides -
- Historical (2018-2022) and forecast (2023-2027) 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
- 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
51 Pages
- Executive Summary
- Construction Industry: At-a-Glance
- Context
- Economic Performance
- Political Environment and Policy
- Demographics
- Risk Profile
- Construction Outlook
- All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
- Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- Key Industry Participants
- Contractors
- Consultants
- Construction Market Data
- Appendix
- What is this Report About?
- Definitions
- CRI Methodology
- About GlobalData
- 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), 2018–27
- Table 4: Italy, Top Commercial Construction Projects by Value
- Table 5: Italy, Industrial Construction Output by Project Type (Real % Change), 2018–27
- Table 6: Italy, Top Industrial Construction Projects by Value
- Table 7: Italy, Infrastructure Construction Output by Project Type (Real % Change), 2018–27
- Table 8: Italy, Top Infrastructure Construction Projects by Value
- Table 9: Italy, Energy and Utilities Construction Output by Project Type (Real % Change), 2018–27
- Table 10: Italy, Top Energy and Utilities Construction Projects by Value
- Table 11: Italy, Institutional Construction Output by Project Type (Real % Change), 2018–27
- Table 12: Italy, Top Institutional Construction Projects by Value
- Table 13: Italy, Residential Construction Output by Project Type (Real % Change), 2018–27
- 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), 2021–27
- Figure 2: Italy, Construction Output by Sector (Real % Change), 2021–23 and 2024–27
- Figure 3: Italy, Risk Summary
- Figure 4: Italy, Risk Regional Comparison
- Figure
Pricing
Currency Rates
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