Israel Construction Market Size, Share, & Trends Analysis Report by Type of Construction (Building Construction, Heavy & Civil Engineering Construction, Specialty Trade Contractors, Land Planning and Development), by Type of Contractor (Large Contractor,

Israel Construction Market Size, Share, & Trends Analysis Report by Type of Construction (Building Construction, Heavy & Civil Engineering Construction, Specialty Trade Contractors, Land Planning and Development), by Type of Contractor (Large Contractor, Small Contractor), by End Use (Public, Private), Forecasts 2022-2032

The Israel Construction Market was valued at approximately USD 64.21 billion in 2023 and is projected to grow at a robust CAGR of 4.36% during the forecast period from 2024 to 2032. The construction industry in Israel is set to experience significant growth driven by an increasing population and heightened demand for housing. The Israeli government has ramped up investments in residential complexes, and the burgeoning commercial sector alongside rapid industrialization presents lucrative growth opportunities for the market. The focus on eco-awareness has also accelerated the development of energy-efficient, net-zero structures, further bolstering market expansion.

The construction industry encompasses a wide range of activities, including the erection of new buildings, roads, residences, and railroads, as well as the renovation or repair of existing structures. This industry plays a crucial role in a region's economic growth by laying the technological and physical foundations for modern civilization. The rise in eco-consciousness has led to the development of energy-efficient, net-zero buildings. Various tools and equipment, such as aerial lifts, backhoe loaders, cranes, excavators, and welders, are essential in the construction industry.

The major driving force behind the growth of the Israel construction market is the increasing population and the consequent rise in housing demand. The Israeli government is heavily investing in infrastructure development, including residential and commercial spaces, roads, and public facilities. Additionally, the public sector is receiving substantial investments in transportation systems, renewable energy projects, energy grids, and communication networks, all of which are expected to fuel market growth during the forecast period. However, the market faces significant challenges, particularly the shortage of skilled labor. This gap in supply and demand for skilled labor is a major hindrance to market growth. Safety concerns also deter potential workers from pursuing careers in construction due to the physical demands and risks associated with the job. Furthermore, escalating geopolitical tensions negatively impact the construction sector, as conflicts in the region can lead to labor shortages and hinder foreign investments. On a positive note, the market benefits from innovations and opportunities. The ability to customize construction projects to meet specific needs and the development of new, innovative materials are expected to drive demand. Despite the challenges, the market's active participants are expected to leverage their innovations to develop new features, attracting customers and expanding the market.

The Israel construction market is segmented by type of construction, type of contractor, and end use. Building construction holds the largest market share, driven by the rising demand for housing and the increased construction of residential buildings to accommodate the growing population. Large contractors dominate the market due to their resources and specialized knowledge, although small contractors are projected to see significant growth as they engage local workforces and suppliers. The public sector dominates the market with significant investments in infrastructure, but the private sector is expected to register substantial growth during the forecast period.

Major market players included in this report are:

Danya Cebus Ltd

Shikun & Binui Ltd

Electra Construction Ltd

Solel Boneh Infrastructure Ltd

Mansfeld-Kehat Architects

Systran SA

WSP Global Inc.

Yenon Research and Design Ltd

D.E.L Group

Parsons Corp.

Dov Koren Architects

Nesher Israel Cement Enterprises Ltd.

Minrav Group Ltd.

Elad Israel Residence Ltd.

Baran Group Ltd.

The detailed segments and sub-segments of the market are explained below:

By Type of Construction:

Building Construction

Heavy and Civil Engineering Construction

Specialty Trade Contractors

Land Planning and Development

By Type of Contractor:

Large Contractor

Small Contractor

By End Use:

Public

Private

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues analysis for each market segment.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.

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