Italy Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

The Italian construction industry is expected to contract by 8.6% in real terms in 2024, and 2.8% in 2025, reflecting the downturn in the residential sector owing to a decline in the number of residential building permits approved, coupled with the government’s decision to cut tax restrictions on the Superbonus initiative. According to the Italian National Institute of Statistics (Istat), the number of new residential building permits issued fell by 10% year on year (YoY) in the first three quarters of 2023, preceded by an annual marginal growth of 0.1% in 2022. The country's residential construction activity may slow down as a result of the government's decision, announced in February 2024, to only allow individuals to claim back 70% of the cost of energy-efficient house upgrades in 2024 and 50% in 2025, instead of 110%.

Over the remainder of the forecast period, however, the construction industry is expected to register an average annual growth of 1.7% from 2026 to 2028, supported by investments in transport infrastructure, renewable energy and industrial projects. The European Investment Bank (EIB) announced its plan to provide a loan worth EUR1.2 billion ($1.3 billion) to an Italian motorway operator Autostrade per l’Italia (ASPI) in February 2024, for upgrading 3,000km of the country’s motorways to improve safety and resilience.

The analyst's Construction in Italy - Key Trends and Opportunities to 2028 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 (2019-2023) and forecast (2024-2028) 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 analyst'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 analyst's critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.