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PUBLISHER: GlobalData | PRODUCT CODE: 1140479

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PUBLISHER: GlobalData | PRODUCT CODE: 1140479

Israel Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

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GlobalData expects Israel's construction industry to grow by 4% in real terms in 2022, up from an earlier estimate of 2.6%. The upward revision in growth is attributed to strong construction output in the first quarter of 2022, combined with the progressive implementation of public infrastructure projects in the first half of this year. According to the Central Bureau of Statistics (CBS), 5.2 million m2 of construction projects commenced in the first quarter of 2022, marking a year-on-year (Y-o-Y) increase of 47.6% that quarter; of the total, residential projects alone account for 72.7%. In other positive trends, construction commenced on 68,970 new buildings between April 2021 and March 2022, which was up from 63,274 in the same period of 2020-21. Despite the strong momentum, the higher material costs, supply chain disruptions, and rising inflation pose a downside risk to the industry's outlook in the short term.

Over the remainder of the forecast period, the construction industry is expected to register annual average growth of 2.9% between 2023-26, supported by the government's focus on the development of transport infrastructure, as well as energy and utilities construction projects. The industry's performance will be supported by the government's emphasis on the implementation of large-scale infrastructure projects during the period of 2020-27; it aims to build 191.4km of new light rail infrastructure with an estimated cost of ILS73 billion ($22.6 billion) during that period. Some of the major light rail transit projects currently underway include the Jerusalem Light Rail Green Line, with an investment of ILS7.9 billion ($2.4 billion), and the Jerusalem Light Rail Blue Line with an investment of ILS7.9 billion ($2.4 billion).

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

Scope

This report provides a comprehensive analysis of the construction industry in Israel. It provides -

  • Historical (2017-2021) and forecast (2022-2026) 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

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.
Product Code: GDCN0978MR

Table of Contents

Table of Contents

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
Product Code: GDCN0978MR

List of Tables

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), 2017-26
  • Table 4: Israel, Top Commercial Construction Projects by Value
  • Table 5: Israel, Industrial Construction Output by Project Type (Real % Change), 2017-26
  • Table 6: Israel, Top Industrial Construction Projects by Value
  • Table 7: Israel, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
  • Table 8: Israel, Top Infrastructure Construction Projects by Value
  • Table 9: Israel, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
  • Table 10: Israel, Top Energy and Utilities Construction Projects by Value
  • Table 11: Israel, Institutional Construction Output by Project Type (Real % Change), 2017-26
  • Table 12: Israel, Top Institutional Construction Projects by Value
  • Table 13: Israel, Residential Construction Output by Project Type (Real % Change), 2017-26
  • 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

List of Figures

  • Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2020-26
  • Figure 2: Israel, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
  • Figure 3: Israel, COVID-19 Confirmed Cases
  • Figure 4: Israel, Risk Summary
  • Figure 5: Israel, Risk Regional Comparison
  • Figure 6: Israel, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26
  • Figure 7: Israel, Construction Output Value, by Sector (Real, $ Million), 2017-26
  • Figure 8: Israel, Construction Value-Add (ILS Million, 2015 Chained Prices)
  • Figure 9: Israel, Gross Fixed Capital Formation in Construction (ILS Million, at 2015 Chained Prices)
  • Figure 10: Israel, Unemployment (In thousands)
  • Figure 11: Israel, Building starts index (2011=100)
  • Figure 12: Israel, Construction Projects Momentum Index
  • Figure 13: Region, Construction Projects Momentum Index
  • Figure 14: Israel, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
  • Figure 15: Israel, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
  • Figure 16: Israel, Wholesale and Retail Trade, Accommodation and Food Services Value Add (ILS Million, 2015 Chained Prices)
  • Figure 17: Israel, Total Area Authorized for Office Buildings (In Thousands m2)
  • Figure 18: Israel, Total Tourist Arrivals (In Thousands)
  • Figure 19: Israel, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
  • Figure 20: Israel, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
  • Figure 21: Israel, Manufacturing Value Add (ILS Million, 2015 Chained Prices)
  • Figure 22: Israel, Total Area Authorized for Manufacturing and Storage Premises (In Thousands m2)
  • Figure 23: Israel, Total Export Value (ILS, Million)
  • Figure 24: Israel, Industrial Production Index (2011=100)
  • Figure 25: Israel, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
  • Figure 26: Israel, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
  • Figure 27: Israel, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
  • Figure 28: Israel, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
  • Figure 29: Israel, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
  • Figure 30: Israel, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
  • Figure 31: Israel, Total Number of Construction Permits Issued for New Education and Healthcare Buildings
  • Figure 32: Israel, Residential Construction Output by Project Type (Real, $ Million), 2017-26
  • Figure 33: Israel, Residential Construction Projects Pipeline, Value by Stage ($ Million)
  • Figure 34: Israel, Gross Fixed Capital Formation in Residential Buildings (ILS Million, at 2015 Chained Prices)
  • Figure 35: Israel, Housing Construction Inputs Prices Index (2004=100)
  • Figure 36: Israel, Total Floor Area of Residential Buildings Completed (Thousand m2)
  • Figure 37: Israel, Total Number of Construction Permits Issued for New Residential Buildings (Thousand m2)
  • Figure 38: Israel, Headquarters of Key Contractors (% of Total Project Pipeline)
  • Figure 39: Israel, Headquarters of Key Consultants (% of Total Project Pipeline)
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