PUBLISHER: GlobalData | PRODUCT CODE: 1076269
PUBLISHER: GlobalData | PRODUCT CODE: 1076269
Italy Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026
Italy's construction industry has been booming, recovering strongly in 2021, when it expanded by 21.3%, and continued to rise sharply in the first half of 2022, with a year-on-year (YoY) growth of 17.4%. 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. In the past few months, there have been indications that the industry is set to fall back sharply; 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.
The industry is set to suffer a much sharper slowdown than previously anticipated, with output now expected to shrink sharply by 11.5% in real terms in 2023. The sharp drop is from an unexpected high level of output in 2022, and in 2023, output will still be around 10% higher than the pre-coronavirus (COVID-19) levels of Q4 2019. The expected contraction reflects the challenges in residential construction incentive schemes, along with the gloomier economic outlook. However, the government's focus on the development of the country's rail and road transport and energy infrastructure, backed by EU funding, will still support the industry. 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
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
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
List of Tables
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
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, Retail Trade Sales Index (2015=100), % Change YoY
- Figure 20: Italy, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 21: Italy, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 22: Italy, Manufacturing Value Add (EUR Million, 2015 Chained Prices)
- Figure 23: Italy, Construction Cost Index for Industrial Buildings (2015=100)
- Figure 24: Italy, Exports, In EUR Million
- Figure 25: Italy, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 26: Italy, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 27: Italy, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
- 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), 2017-26
- Figure 31: Italy, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 32: Italy, Public Administration and Defence, Compulsory Social Security, Education, Human Health, and Social Work Activities (EUR Million, 2015 Chained Prices)
- Figure 33: Italy, Residential Construction Output by Project Type (Real, $ Million), 2017-26
- 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, New Residential Building Permit Approved (in Numbers)
- Figure 37: Italy, Construction Cost Index for Residential Buildings (2015=100)
- Figure 38: Italy, Gross Fixed Capital Formation in Dwellings (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)
