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Market Research Report

Construction in Israel - Key Trends and Opportunities to 2023

Published by GlobalData Product code 800128
Published Content info 52 Pages
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Construction in Israel - Key Trends and Opportunities to 2023
Published: February 26, 2019 Content info: 52 Pages
Description

Israel's construction industry suffered a downturn in 2018, contracting by 0.5% in real terms that year, following an average annual growth of 4.0% during 2014-2017. According to the Central Bureau of Statistics (CBS), the country's fixed capital formation in residential buildings declined by 8.9% at 2015 chained prices in the first nine months of 2018 (the latest data available at the time of writing), compared to the same period in 2017, going from ILS63.5 billion (US$17.7 billion) in January-September 2017 to ILS57.9 billion (US$16.1 billion) in January-September 2018; this was preceded by annual growth rates of 1.9% and 9.1% in 2017 and 2016 respectively.

Consequently, the country's construction output, measured at constant 2017 US dollar exchange rates, declined from US$41.5 billion in 2017 to US$41.3 billion in 2018; this decline can be attributed to low public and private sector investments in construction projects, slowdown in new home sales and deceleration in fixed assets investment in residential buildings.

Israel's construction industry is expected to record positive growth over the forecast period (2019-2023), driven by the government's plans to upgrade the country's transport infrastructure. The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 2.63% over the forecast period. The industry is consequently expected to rise from a value of US$41.3 billion in 2018 to US$47.0 billion in 2023, measured at constant 2017 US dollar exchange rates.

In addition, public and private sector investments in energy, commercial, industrial and healthcare infrastructure construction projects are expected to support growth in the industry over the forecast period. The government's investment under the five-year infrastructure development program 2017-2021 is also expected to support the industry's growth over the forecast period. The government plans to invest ILS116.0 billion (US$32.4 billion) to develop the country's infrastructure by 2021.

Residential construction was the largest market in the Israeli construction industry during the review period, accounting for 57.8% of its total value in 2018. The market is expected to retain its position over the forecast period, and account for 55.4% of the industry's total value in 2023. Institutional construction accounted for 11.0% of the industry's total output in 2018, followed by commercial construction with 10.6%, infrastructure construction with 8.5%, energy and utilities construction with 8.0% and industrial construction with 4.2%.

The report "Construction in Israel - Key Trends and Opportunities to 2023", provides detailed market analysis, information and insights into the Peruvian construction industry, including -

  • The Israeli 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 Israeli 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.
  • Historical (2014-2018) and forecast (2019-2023) 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.
Table of Contents
Product Code: GDCN0459MR

Table of Contents

  • 1. EXECUTIVE SUMMARY
  • 2. CONSTRUCTION OUTLOOK: AT-A-GLANCE
  • 3. LATEST NEWS AND INDICATORS
  • 4. KEY DRIVERS AND RISKS
    • 4.1. Economic Performance
    • 4.2. Political Environment
    • 4.3. Demographics
    • 4.4. Risk Profile
  • 5. CONSTRUCTION OUTLOOK
    • 5.1. All Construction
      • 5.1.1. Outlook
      • 5.1.2. Project analytics
    • 5.2. Commercial Construction
      • 5.2.1. Outlook
      • 5.2.2. Project analytics
    • 5.3. Industrial Construction
      • 5.3.1. Outlook
      • 5.3.2. Project analytics
    • 5.4. Infrastructure Construction
      • 5.4.1. Outlook
      • 5.4.2. Project analytics
    • 5.5. Energy and Utilities Construction
      • 5.5.1. Outlook
      • 5.5.2. Project analytics
    • 5.6. Institutional Construction
      • 5.6.1. Outlook
      • 5.6.2. Project analytics
    • 5.7. Residential Construction
      • 5.7.1. Outlook
      • 5.7.2. Project analytics
  • 6. KEY INDUSTRY PARTICIPANTS
    • 6.1. Contractors
    • 6.2. Consultants
  • 7. APPENDIX
    • 7.1. What is this Report About?
    • 7.2. Definitions
  • 8. ABOUT GLOBALDATA
    • 8.1. GlobalData at a Glance
    • 8.2. GlobalData Construction
    • 8.3. Disclaimer
    • 8.4. Contact Us

List of Tables

  • Table 1: Construction Outlook
  • Table 2: Israel, Key Economic Indicators
  • Table 3: Israel, Construction Output Value (nominal, ILS Million)
  • Table 4: Israel, Construction Output Value (nominal, US$ Million)
  • Table 5: Israel, Top Commercial Construction Projects by Value
  • Table 6: Israel, Top Industrial Construction Projects by Value
  • Table 7: Israel, Top Infrastructure Construction Projects by Value
  • Table 8: Israel, Top Energy and Utilities Construction Projects by Value
  • Table 9: Israel, Top Institutional Construction Projects by Value
  • Table 10: Israel, Top Residential and Mixed-Use Construction Projects by Value
  • Table 11: Israel, Key Contractors
  • Table 12: Israel, Key Consultants
  • Table 13: GlobalData Construction Market Definitions
  • Table 14: Construction Risk Index Ratings and Scores

List of Figures

  • Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
  • Figure 2: Israel, Construction Projects Pipeline by Sector (ILS Billion)
  • Figure 3: Gross Domestic Capital Formation in Non-Residential buildings and Other Construction Works (ILS Million)
  • Figure 4: Total Building Permit Issued (In Thousand m2)
  • Figure 5: Israel, Risk Profile
  • Figure 6: Israel, Risk Comparison
  • Figure 7: Israel, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
  • Figure 8: Israel, Construction Output Value, Growth Matrix
  • Figure 9: Israel, Construction Output Value, by Sector (ILS Million), 2014-2023
  • Figure 10: Israel, Construction Projects Pipeline, Projected Annual Spending by Stage (ILS Million), 2018-2023
  • Figure 11: Israel, Construction Projects Pipeline, Value by Stage (ILS Million)
  • Figure 12: Israel, Commercial Construction Output by Project Type (ILS Million), 2014-2023
  • Figure 13: Israel, Commercial Construction Projects Pipeline, Value by Stage (ILS Million)
  • Figure 14: Israel, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (ILS Million), 2018-2023
  • Figure 15: Israel, Industrial Construction Output by Project Type (ILS Million), 2014-2023
  • Figure 16: Israel, Industrial Construction Projects Pipeline, Value by Stage (ILS Million)
  • Figure 17: Israel, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (ILS Million), 2018-2023
  • Figure 18: Israel, Infrastructure Construction Output by Project Type (ILS Million), 2014-2023
  • Figure 19: Israel, Infrastructure Construction Projects Pipeline, Value by Stage (ILS Million)
  • Figure 20: Israel, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (ILS Million), 2018-2023
  • Figure 21: Israel, Energy and Utilities Construction Output by Project Type (ILS Million), 2014-2023
  • Figure 22: Israel, Energy and Utilities Construction Projects Pipeline, Value by Stage (ILS Million)
  • Figure 23: Israel, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (ILS Million), 2018-2023
  • Figure 24: Israel, Institutional Construction Output by Project Type (ILS Million), 2014-2023
  • Figure 25: Israel, Institutional Construction Projects Pipeline, Value by Stage (ILS Million)
  • Figure 26: Israel, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (ILS Million), 2018-2023
  • Figure 27: Israel, Residential Construction Output by Project Type (ILS Million), 2014-2023
  • Figure 28: Israel, Residential Construction Projects Pipeline, Value by Stage (ILS Million)
  • Figure 29: Israel, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (ILS Million), 2018-2023
  • Figure 30: Israel, Headquarters of Key Contractors (% of Total Project Pipeline)
  • Figure 31: Israel, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
  • Figure 32: Israel, Headquarters of Key Consultants (% of Total Project Pipeline)
  • Figure 33: Israel, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
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