Italy Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

Italy Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028


Summary

The Italian construction industry is expected to contract by 8.6% in real terms in 2024, and 2.8% in 2025, reflecting the downturn in the residential sector owing to a decline in the number of residential building permits approved, coupled with the government’s decision to cut tax restrictions on the Superbonus initiative. According to the Italian National Institute of Statistics (Istat), the number of new residential building permits issued fell by 10% year on year (YoY) in the first three quarters of 2023, preceded by an annual marginal growth of 0.1% in 2022. The country's residential construction activity may slow down as a result of the government's decision, announced in February 2024, to only allow individuals to claim back 70% of the cost of energy-efficient house upgrades in 2024 and 50% in 2025, instead of 110%.

Over the remainder of the forecast period, however, the construction industry is expected to register an average annual growth of 1.7% from 2026 to 2028, supported by investments in transport infrastructure, renewable energy and industrial projects. The European Investment Bank (EIB) announced its plan to provide a loan worth EUR1.2 billion ($1.3 billion) to an Italian motorway operator Autostrade per l’Italia (ASPI) in February 2024, for upgrading 3,000km of the country’s motorways to improve safety and resilience.

GlobalData’s Construction in Italy - Key Trends and Opportunities to 2028 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.
Scope

This report provides a comprehensive analysis of the construction industry in Italy. It provides -
  • Historical (2019-2023) and forecast (2024-2028) 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.


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: Italy, Key Economic Indicators
Table 3: Italy, Commercial Construction Output by Project Type (Real % Change), 2019–28
Table 4: Italy, Top Commercial Construction Projects by Value
Table 5: Italy, Industrial Construction Output by Project Type (Real % Change), 2019–28
Table 6: Italy, Top Industrial Construction Projects by Value
Table 7: Italy, Infrastructure Construction Output by Project Type (Real % Change), 2019–28
Table 8: Italy, Top Infrastructure Construction Projects by Value
Table 9: Italy, Energy and Utilities Construction Output by Project Type (Real % Change), 2019–28
Table 10: Italy, Top Energy and Utilities Construction Projects by Value
Table 11: Italy, Institutional Construction Output by Project Type (Real % Change), 2019–28
Table 12: Italy, Top Institutional Construction Projects by Value
Table 13: Italy, Residential Construction Output by Project Type (Real % Change), 2019–28
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), 2022–28
Figure 2: Italy, Construction Output by Sector (Real % Change), 2022–24 and 2025–28
Figure 3: Italy, Risk Summary
Figure 4: Italy, Risk Regional Comparison
Figure 5: Italy, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019–28
Figure 6: Italy, Construction Output Value, by Sector (Real, $ Million), 2019–28
Figure 7: Italy, Construction Value Add (EUR Million, 2015 chained prices)
Figure 8: Italy, Gross Fixed Capital Formation in Construction (EUR, Million 2015 Chained Prices)
Figure 9: Italy, Business Confidence in the Construction Industry (2010=100, Seasonally Adjusted)
Figure 10: Italy, Construction Producer Price Indices for Construction of Residential and Non-residential Buildings (base 2015=100)
Figure 11: Italy, Total Number of People Employed in the Construction Industry, In Thousands
Figure 12: Italy, Construction Projects Momentum Index
Figure 13: Western Europe, Construction Projects Momentum Index
Figure 14: Italy, Commercial Construction Output by Project Type (Real, $ Million), 2019–28
Figure 15: Italy, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Italy, Services 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 (in thousands), and Overnight Stays (In Thousands)
Figure 19: Italy, Industrial Construction Output by Project Type (Real, $ Million), 2019–28
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, Total Export (EUR Million)
Figure 23: Italy, Industrial production index – base 2015=100, % Change YoY
Figure 24: Italy, Construction Costs Index for industrial building, (2015=100), % Change YoY
Figure 25: Italy, Infrastructure Construction Output by Project Type (Real, $ Million), 2019–28
Figure 26: Italy, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Italy, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019–28
Figure 28: Italy, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Italy, Information and Communication Value Add (EUR Million, 2015 Chained Prices)
Figure 30: Italy, Institutional Construction Output by Project Type (Real, $ Million), 2019–28
Figure 31: Italy, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Italy, Public administration and defense, compulsory social security, education, human health and social work activities (EUR Million, 2015 chained)
Figure 33: Italy, Residential Construction Output by Project Type (Real, $ Million), 2019–28
Figure 34: Italy, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 35: Italy, Real estate Value Add (EUR Million, 2015 chained prices)
Figure 36: Italy, Number of permits approved for new residential buildings
Figure 37: Italy, Construction Costs Index for Residential building, (2015=100), % Change YoY
Figure 38: Italy, Value of Gross Fixed Capital Formation in Construction (EUR, Million 2015 Chained Prices)
Figure 39: Italy, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 40: Italy, Headquarters of Key Consultants (% of Total Project Pipeline)

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