France Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027
Summary
GlobalData forecasts that the French construction industry will contract by 2.4% and 1.3% in 2023 and 2024, respectively, with high inflation and rising interest rates hitting investment. The residential construction sector will face a particularly steep downturn, contracting by 6.2% in 2023 and 5.3% in 2024, given the recent sharp fall in leading indicators. According to the National Institute of Statistics and Economic Studies (INSEE), the total number of dwelling units authorized in the country fell by 31.9% year on year (YoY) in the first half of this year, following growth of just 0.3% in 2022.
The industry's output is expected to start to regain growth momentum from 2025, with growth set to average 2.4% between 2025 and 2027, supported by the government's long-term goals of expanding transport networks and achieving carbon neutrality by 2050. To achieve this, the government intends to build six new nuclear reactors totalling 25GW, increasing the total number of nuclear reactors from 56 in April 2023 to 62 by 2036. In addition, as part of the broad plan ‘France Nation verte”, the French Prime Minister announced in May 2023 a plan to invest EUR100 billion ($102.1 billion) in the expansion and upgrading of the rail network by 2040.
The report provides detailed market analysis, information and insights into the French construction industry, including -
- The French 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 French construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in France. It provides -
- Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in France, 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
- 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.
- 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 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
- 8 About GlobalData
- 9 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: France, Key Economic Indicators
- Table 3: France, Commercial Construction Output by Project Type (Real % Change), 2018–27
- Table 4: France, Top Commercial Construction Projects by Value
- Table 5: France, Industrial Construction Output by Project Type (Real % Change), 2018–27
- Table 6: France, Top Industrial Construction Projects by Value
- Table 7: France, Infrastructure Construction Output by Project Type (Real % Change), 2018–27
- Table 8: France, Top Infrastructure Construction Projects by Value
- Table 9: France, Energy and Utilities Construction Output by Project Type (Real % Change), 2018–27
- Table 10: France, Top Energy and Utilities Construction Projects by Value
- Table 11: France, Institutional Construction Output by Project Type (Real % Change), 2018–27
- Table 12: France, Top Institutional Construction Projects by Value
- Table 13: France, Residential Construction Output by Project Type (Real % Change), 2018–27
- Table 14: France, Top Residential Construction Projects by Value
- Table 15: France, Key Contractors
- Table 16: France, Key Consultants
- Table 17: France, Construction Output Value (Real, $ Million)
- Table 18: France, 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
- Figure 1: Western Europe, Construction Output (Real % Change), 2021–27
- Figure 2: France, Construction Output by Sector (Real % Change), 2021–23 and 2024–27
- Figure 3: France, Risk Summary
- Figure 4: France, Risk Regional Comparison
- Figure 5: France, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018–27
- Figure 6: France, Construction Output Value, by Sector (Real, $ Million), 2018–27
- Figure 7: France, Construction Value Add (EUR Million, 2015 Chained Prices)
- Figure 8: France, Gross Fixed Capital Formation, (EUR Million, at 2015 Chained Prices)
- Figure 9: France, Turnover Index of Residential and Non-Residential Buildings (2015=100)
- Figure 10: France, Materials Costs in Construction of Buildings Index, 2015=100
- Figure 11: France, Consumer Confidence Index, Seasonally Adjusted
- Figure 12: France, Business Climate Composite Index
- Figure 13: France, Number of People Employed in the Construction Industry, In Thousands
- Figure 14: France, Construction Projects Momentum Index
- Figure 15: Western Europe, Construction Projects Momentum Index
- Figure 16: France, Commercial Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 17: France, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 18: France, Wholesale and Retail Trade Activities Value Add (EUR Million, 2015 Chained Prices)
- Figure 19: France, Total Authorized Floor Area of Office Premises, in m2
- Figure 20: France, Wholesale and Retail Trade Sales Volume Index (2015=100)
- Figure 21: France, Number of Nights Spent at Hotels
- Figure 22: France, Industrial Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 23: France, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 24: France, Manufacturing Value Add (EUR Million, 2015 Chained Prices)
- Figure 25: France, Total Authorized Floor Area of Industrial Premises, in m2
- Figure 26: France, Infrastructure Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 27: France, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 28: France, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 29: France, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 30: France, Information and Communication Value Add (EUR Million, 2015 Chained Prices)
- Figure 31: France, Institutional Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 32: France, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 33: France, Public Administration, Defense, Education, Human Health and Social Work Activities Value Add (EUR Million, 2015 Chained Prices)
- Figure 34: France, Total Floor Area of Premises Authorized for Education and Research Public Service Premises, in m2
- Figure 35: France, Total Floor Area of Premises Authorized for Health Public Service Premises, in m2
- Figure 36: France, Residential Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 37: France, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 38: France, Real Estate Value Add (EUR Million, 2015 Chained Prices)
- Figure 39: France, Total Floor Area of Authorized Dwellings, in m2
- Figure 40: France, House Price Index, Seasonally Adjusted (2015=100)
- Figure 41: France, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 42: France, Headquarters of Key Consultants (% of Total Project Pipeline)
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