+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Construction in Italy - Key Trends and Opportunities to 2023

  • ID: 4829179
  • Report
  • August 2019
  • Region: Italy
  • 47 pages
  • GlobalData
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 2
Construction in Italy - Key Trends and Opportunities to 2023

Summary

Growth in the Italian construction industry picked up slightly in 2018, with output expanding by 1.7% in real terms that year, improving from 0.7% in 2017 and 0.4% in 2016. This outcome was driven mainly by the government’s investment in transport and energy infrastructure projects, coupled with private investment in the services sector.

Investment in housing, transport, energy and tourism infrastructure projects is expected to support the industry output over the forecast period (2019-2023). In March 2019, the government signed an agreement with the Chinese government worth EUR2.5 billion (US$2.8 billion) for a range of projects as part of a new “Silk Road” in the country. However, the high budget deficit, unemployment rate and sluggish economic growth are expected to constrain the industry’s growth over the forecast period.

The industry’s output value in real terms is expected to record a compound annual growth rate (CAGR) of 1.73% over the forecast period - up from 0.47% during the review period (2014-2018). The industry is consequently expected to rise from US$226.4 billion in 2018 to US$246.7 billion in 2023, measured at constant 2017 US dollar exchange rates.

Residential construction was the largest market in the Italian construction industry during the review period, accounting for 57.9% of its total value in 2018. The market is expected to retain its position over the forecast period, constituting a 57.8% share of the industry’s total value in 2023. Market growth over the forecast period will be supported by the low housing loan interest rate and government efforts to balance housing demand. Infrastructure construction accounted for 15.7% of the industry’s total output in 2018, followed by commercial construction with 11.1%, institutional construction with 7.3%, energy and utilities construction with 4.7% and industrial construction with 3.3%.

The total construction project pipeline in Italy including all mega projects with a value above US$25 million - stands at EUR152.5 billion (US$179.7 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects, with 74.6% of the pipeline value being in projects in the pre-execution and execution stages as of August 2019.

Scope

This report provides a comprehensive analysis of the construction industry in Italy. It provides -
  • Historical (2014-2018) and forecast (2019-2023) 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 the author'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 the author's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Note: Product cover images may vary from those shown
2 of 2
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 the Author
8.1. At a Glance
8.2. Construction
8.3. Disclaimer
8.4. Contact Us

List of Tables
Table 1: Construction Outlook
Table 2: Italy, Key Economic Indicators
Table 3: Italy, Construction Output Value (nominal, EUR Million)
Table 4: Italy, Construction Output Value (nominal, US$ Million)
Table 5: Italy, Top Commercial Construction Projects by Value
Table 6: Italy, Top Industrial Construction Projects by Value
Table 7: Italy, Top Infrastructure Construction Projects by Value
Table 8: Italy, Top Energy and Utilities Construction Projects by Value
Table 9: Italy, Top Institutional Construction Projects by Value
Table 10: Italy, Top Residential and Mixed-Use Construction Projects by Value
Table 11: Italy, Key Contractors
Table 12: Italy, Key Consultants
Table 13: 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: Italy, Construction Projects Pipeline by Sector (EUR Billion)
Figure 3: Italy, Total Export Value (EUR, Million)
Figure 4: Italy, New Residential Property Prices Index
Figure 5: Italy, Risk Profile
Figure 6: Italy, Risk Comparison
Figure 7: Italy, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
Figure 8: Italy, Construction Output Value, Growth Matrix
Figure 9: Italy, Construction Output Value, by Sector (EUR Million), 2014-2023
Figure 10: Italy, Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
Figure 11: Italy, Construction Projects Pipeline, Value by Stage (EUR Million)
Figure 12: Italy, Commercial Construction Output by Project Type (EUR Million), 2014-2023
Figure 13: Italy, Commercial Construction Projects Pipeline, Value by Stage (EUR Million)
Figure 14: Italy, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
Figure 15: Italy, Industrial Construction Output by Project Type (EUR Million), 2014-2023
Figure 16: Italy, Industrial Construction Projects Pipeline, Value by Stage (EUR Million)
Figure 17: Italy, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
Figure 18: Italy, Infrastructure Construction Output by Project Type (EUR Million), 2014-2023
Figure 19: Italy, Infrastructure Construction Projects Pipeline, Value by Stage (EUR Million)
Figure 20: Italy, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
Figure 21: Italy, Energy and Utilities Construction Output by Project Type (EUR Million), 2014-2023
Figure 22: Italy, Energy and Utilities Construction Projects Pipeline, Value by Stage (EUR Million)
Figure 23: Italy, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
Figure 24: Italy, Institutional Construction Output by Project Type (EUR Million), 2014-2023
Figure 25: Italy, Institutional Construction Projects Pipeline, Value by Stage (EUR Million)
Figure 26: Italy, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
Figure 27: Italy, Residential Construction Output by Project Type (EUR Million), 2014-2023
Figure 28: Italy, Residential Construction Projects Pipeline, Value by Stage (EUR Million)
Figure 29: Italy, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
Figure 30: Italy, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 31: Italy, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 32: Italy, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 33: Italy, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
Note: Product cover images may vary from those shown
3 of 2

Loading
LOADING...

Adroll
adroll