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955210

Construction in Italy - Key Trends and Opportunities to 2025 (Q3 2021)

Published: | GlobalData | 50 Pages | Delivery time: 1-2 business days

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Construction in Italy - Key Trends and Opportunities to 2025 (Q3 2021)
Published: September 30, 2021
GlobalData
Content info: 50 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

The construction industry in Italy is forecasted to rebound and grow by 15.7% in real terms this year, following a decline of 6.3% in 2020. The country was placed under a partial lockdown in the first quarter of 2021; in the second quarter of this year, however, most restrictions were lifted, given that almost all the regions have been marked under the low-risk category. This was reflected in the latest construction value-add data which showed a year-on-year (Y-o-Y) expansion of 54.9% in Q2 2021.

While the Italian construction industry is expected to rebound strongly, following a difficult 2020 for the industry, a downside risk for the industry's outlook arises from the recent price pressures in the Eurozone, driven by shortages in raw materials. However, the government is set to receive EUR191.5 billion (US$233 billion) in total under the EU Recovery and Resilience Facility (RRF), which is part of the NextGenerationEU plan. In August 2021, the European Commission disbursed EUR24.9 billion (US$30.3 billion) to Italy in pre-financing, equivalent to 13% of the country's grant and loan allocation under the RRF.

Over the remainder of the forecast period, the industry is expected to register an annual average growth of 2% between 2022-2025, supported by investments in housing, healthcare, transport, energy and tourism infrastructure projects. As part of the Health Mission plan under the National Recovery and Resilience Plan, the government plans to invest EUR15.6 billion (US$19 billion), while under the Infrastructure Operational Plan, the government plans to invest EUR5.3 billion (US$6.2 billion) during the period of 2019-2025. The government's focus on reducing carbon emissions in the country, and support for renovating buildings to make them more energy efficient, will also support industry growth over the forecast period.

GlobalData's Construction in Italy - Key Trends and Opportunities to 2025 (Q3 2021) 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 (2016-2020) and forecast (2021-2025) 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
Product Code: GDCN0749MR

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), 2016-2025
  • Table 4: Italy, Top Commercial Construction Projects by Value
  • Table 5: Italy, Industrial Construction Output by Project Type (Real % Change), 2016-2025
  • Table 6: Italy, Top Industrial Construction Projects by Value
  • Table 7: Italy, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
  • Table 8: Italy, Top Infrastructure Construction Projects by Value
  • Table 9: Italy, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
  • Table 10: Italy, Top Energy and Utilities Construction Projects by Value
  • Table 11: Italy, Institutional Construction Output by Project Type (Real % Change), 2016-2025
  • Table 12: Italy, Top Institutional Construction Projects by Value
  • Table 13: Italy, Residential Construction Output by Project Type (Real % Change), 2016-2025
  • 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, US$ 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 and 2021
  • Figure 2: Italy, Construction Projects Pipeline by Sector (US$ Billion)
  • 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, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
  • Figure 7: Italy, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
  • Figure 8: Italy, Construction Value Add (EUR Million, 2015 Chained Prices), % Change YoY
  • Figure 9: Italy, Gross Fixed Capital Formation in Construction (EUR, Million 2015 Chained Prices), % Change YoY
  • Figure 10: Italy, Construction Production Index (2015-100, Seasonally Adjusted), % Change YoY
  • Figure 11: Italy, Business Confidence in Construction Sector (2010=100), % Change YoY
  • 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, US$ Million), 2016-2025
  • Figure 15: Italy, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 16: Italy, Wholesale and Retail Trade, Transportation and Storage, Accommodation and Food Service Activities Value Add (EUR Million, 2015 Chained Prices)
  • Figure 17: Italy, Service Turnover Index (2015=100), % Change YoY
  • Figure 18: Italy, Foreign Tourist Arrivals, In Thousands
  • Figure 19: Italy, Retail Trade Sales Index (2015=100), % Change YoY
  • Figure 20: Italy, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 21: Italy, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 22: Italy, Manufacturing Value Add (EUR Million, 2015 Chained Prices), % Change YoY
  • Figure 23: Italy, Industrial and Manufacturing Production Indices, Seasonally Adjusted, 2015=100, % Change YoY
  • Figure 24: Italy, Exports, In EUR Million, % Change YoY
  • Figure 25: Italy, Manufacturing Turnover Volume Index, Seasonally Adjusted (2015=100), % Change YoY
  • Figure 26: Italy, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 27: Italy, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 28: Italy, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 29: Italy, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 30: Italy, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 31: Italy, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 32: Italy, Public Administration and Defense, Education, Human Health and Social Work Activities Value Add (EUR Million, 2015 Chained Prices), % Change YoY
  • Figure 33: Italy, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 34: Italy, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 35: Italy, Real estate Value Add (EUR Million, 2015 Chained Prices), % Change YoY
  • Figure 36: Italy, Headquarters of Key Contractors (% of Total Project Pipeline)
  • Figure 37: Italy, Headquarters of Key Consultants (% of Total Project Pipeline)