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Ireland Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Best Price Guarantee Length Publisher Published Date SKU
from $1,495 49 Pages GlobalData August, 2024 GBDT19205402
Best Price Guarantee
Price from $1,495
Length 49 Pages
Publisher GlobalData
Published Date August, 2024
SKU GBDT19205402

Ireland Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)


Summary

GlobalData’s Construction in Ireland - Key Trends and Opportunities to 2028 (H2 2024) report provides detailed market analysis, information, and insights into the Irish construction industry, including -
  • The Irish construction industry 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 Irish construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
GlobalData expects the construction industry in Ireland to shrink in real terms by 5.1% in 2024, due to high inflation, high interest rates, and elevated construction material prices. According to Eurostat, the Irish construction industry’s value add fell by 8.6% year-on-year (YoY) in Q1 2024, preceded by a Y-o-Y decline of 2.8% in Q4 and 5.9% in Q3 2023. Also, residential construction, which accounted for 36.6% of the Irish construction industry’s total output in 2023, is expected to record negative growth this year, owing to subdued investor confidence, amid falling dwelling permits and residential property transactions.

The Irish construction industry is however expected to rebound at an average annual growth rate of 4.7% from 2025 to 2028, supported by investments in transport, energy, and housing infrastructure projects. An investment of EUR165 billion ($169 billion) as part of the National Development Plan (NDP) 2021-30 will drive the industry’s growth over the forecast period. This includes EUR35 billion ($35.8 billion) investment on transport infrastructure projects, with EUR12 billion ($12.3 billion) for public transport, EUR13 billion ($13.3 billion) on maintenance, EUR6 billion ($6.1 billion) on road infrastructure, and EUR4 billion ($4.1 billion) on walking and cycling infrastructure.

Scope

This report provides a comprehensive analysis of the construction industry in Ireland. It provides -
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Ireland, 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.


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
About GlobalData
Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Ireland, Key Economic Indicators
Table 3: Ireland, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Ireland, Top Commercial Construction Projects by Value
Table 5: Ireland, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Ireland, Top Industrial Construction Projects by Value
Table 7: Ireland, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Ireland, Top Infrastructure Construction Projects by Value
Table 9: Ireland, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Ireland, Top Energy and Utilities Construction Projects by Value
Table 11: Ireland, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Ireland, Top Institutional Construction Projects by Value
Table 13: Ireland, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: Ireland, Top Residential Construction Projects by Value
Table 15: Ireland, Key Contractors
Table 16: Ireland, Key Consultants
Table 17: Ireland, Construction Output Value (Real, $ Million)
Table 18: Ireland, 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), 2022-28
Figure 2: Ireland, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Ireland, Risk Summary
Figure 4: Ireland, Risk Regional Comparison
Figure 5: Ireland, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Ireland, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Ireland, Construction Value Add (EUR Million, 2015 Chained Linked Volume Measures)
Figure 8: Ireland, Construction Production Volume Index, (2015=100)
Figure 9: Ireland, Total Number of Planning Permissions Granted for Construction
Figure 10: Ireland, Wholesale Price Index (Excluding VAT) for Building and Construction Materials, 2015=100
Figure 11: Ireland, Gross Fixed Capital Formation, 2015 Chain Linked Volume Measures (EUR Million)
Figure 12: Ireland, Construction Projects Momentum Index
Figure 13: Western Europe, Construction Projects Momentum Index
Figure 14: Ireland, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 15: Ireland, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Ireland, Total Number, and Floor Area (In Thousands M2) of Planning Permissions Granted for Commercial Buildings
Figure 17: Ireland, Overseas Arrivals (In Thousands)
Figure 18: Ireland, Services Value Index (2015=100)
Figure 19: Ireland, Retail Sales Volume and Value Indices, 2015=100
Figure 20: Ireland, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 21: Ireland, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Ireland, Manufacturing Value Add (EUR Million, Constant 2015 Prices)
Figure 23: Ireland, Total Number, and Floor Area (In Thousands M2) of Planning Permissions Granted for Industrial Buildings
Figure 24: Ireland, Volume Indices of Industrial and Manufacturing Production, 2015=100 (% Change, YoY)
Figure 25: Ireland, Value of Goods Exported (EUR Billion)
Figure 26: Ireland, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 27: Ireland, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Ireland, Total Number of Planning Permissions Granted for Road and Runway Construction
Figure 29: Ireland, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 30: Ireland, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Ireland, Information and communication Value Add (EUR Million, Constant 2015 Prices)
Figure 32: Ireland, Total Number of Planning Permissions Granted for Electricity and Communication and Water and Sewage Projects
Figure 33: Ireland, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 34: Ireland, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 35: Ireland, Public Administration and Defense Sector Value Add (EUR Million, Constant 2015 Prices)
Figure 36: Ireland, Number of Planning Permission Granted for Government, Health, and Education Buildings
Figure 37: Ireland, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 38: Ireland, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 39: Ireland, Real estate Value Add (EUR Million, Constant 2015 Prices)
Figure 40: Ireland, Number of New Dwelling Completions
Figure 41: Ireland, Residential Property Price Index (RPPI), 2015=100
Figure 42: Ireland, Number of Residential Property Transactions
Figure 43: Ireland, Total Number of Planning Permissions Approved for Dwellings
Figure 44: Ireland, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 45: Ireland, Headquarters of Key Consultants (% of Total Project Pipeline)

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