Italy Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027
Italy Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027
Summary
GlobalData forecasts that Italy’s construction industry will drop back from recent high levels of activity in the early part of the forecast period. In 2022, construction output was 25% higher than in 2019 in real (constant prices) terms owing to the impact of generous incentive schemes to support residential construction. The downturn in 2023-2024 will mainly be driven by the downturn in the residential sector reflecting the winding down of government-funded support for works in the sector. In a major blow to the industry, in February 2023, the Italian government scrapped the tax credit scheme that was aimed at making homes more energy-efficient, amid warnings of dire effects on the construction industry. The “Superbonus 110” initiative allowed homeowners to take advantage of a tax credit of up to 110% on the cost of upgrading their home. The initiative led to a surge in home renovations and helped soften the impact of the COVID-19 pandemic on the country’s economy.
The medium-term recovery will be aided by the continued execution of transportation and energy development projects, under the EU-funded National Recovery and Resilience Plan (Piano Nazionale di Ripresa e Resilienza, PNRR). In February 2023, the government set a EUR4.5 billion ($4.6 billion) budget for this year's execution of major road development projects in the regions of Sicily, Calabria, Puglia, and Lazio, with the Ministry of Infrastructure and Transport (MIT) providing initial of EUR355.2 million ($362.7 million) for highway maintenance and improvement works connecting Umbro and Laziale in February 2023, and ANAS, an Italian road concession firm, launching seven road tenders worth more than EUR1.4 billion ($1.4 billion) in March 2023. The Ministry of Energy and Environment reported in January 2023 that 4-5 GW of new renewable energy generation capacity had been added in 2022, up from 1.4GW brought online in 2021. Also, In October 2022, government announced that EUR3.9 billion ($4 billion) will be spent on improving water infrastructure and reducing leaks in cities and agricultural areas.
This report provides detailed market analysis, information and insights into Italy’s construction industry, including -
Italy’s 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 Italy’s 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 (2018-2022) and forecast (2023-2027) 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.
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 Construction Outlook - States and Territories
5.1 New South Wales
5.2 Victoria
5.3 Queensland
5.4 South Australia
5.5 Western Australia
5.6 Tasmania
5.7 Northern Territory
5.8 Australian Capital Territory
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
7.4 GlobalData Construction
Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Italy, Key Economic Indicators
Table 3: Italy, Commercial Construction Output by Project Type (Real % Change), 2018-27
Table 4: Italy, Top Commercial Construction Projects by Value
Table 5: Italy, Industrial Construction Output by Project Type (Real % Change), 2018-27
Table 6: Italy, Top Industrial Construction Projects by Value
Table 7: Italy, Infrastructure Construction Output by Project Type (Real % Change), 2018-27
Table 8: Italy, Top Infrastructure Construction Projects by Value
Table 9: Italy, Energy and Utilities Construction Output by Project Type (Real % Change), 2018-27
Table 10: Italy, Top Energy and Utilities Construction Projects by Value
Table 11: Italy, Institutional Construction Output by Project Type (Real % Change), 2018-27
Table 12: Italy, Top Institutional Construction Projects by Value
Table 13: Italy, Residential Construction Output by Project Type (Real % Change), 2018-27
Table 14: Italy, Top Residential Construction Projects by Value
Table 15: Italy, Key Contractors
Table 16: Italy, Key Consultants
Table 17: Italy, Construction Output Value (Real, $ Million)
Table 18: Italy, 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: Latin America, Construction Output (Real % Change), 2021-27
Figure 2: Italy, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
Figure 3: Italy, Risk Summary
Figure 4: Italy, Risk Regional Comparison
Figure 5: Italy, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018-27
Figure 6: Italy, Construction Output Value, by Sector (Real, $ Million), 2018-27
Figure 7: Italy, Construction Value Add (EUR Million, 2015 Chained Prices)
Figure 8: Italy, Gross Fixed Capital Formation in Construction (EUR, Million 2015 Chained Prices)
Figure 9: Italy, Business Confidence in the Construction Industry (2010=100, Seasonally Adjusted)
Figure 10: Italy, Construction Producer Price Indices for Construction of Residential and Non-residential Buildings (base 2015=100)
Figure 11: Italy, Employment in the Construction Industry, In Thousands
Figure 12: Italy, Construction Projects Momentum Index
Figure 13: Region, Construction Projects Momentum Index
Figure 14: Italy, Commercial Construction Output by Project Type (Real, $ Million), 2018-27
Figure 15: Italy, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Italy, Industrial production index - base 2015=100, % Change YoY
Figure 24: Italy, Construction Cost Index for Industrial Buildings (2015=100)
Figure 25: Italy, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27
Figure 26: Italy, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Italy, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018-27
Figure 28: Italy, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Italy, Information and Communication Value Add (EUR Million, 2015 Chained Prices)
Figure 30: Italy, Institutional Construction Output by Project Type (Real, $ Million), 2018-27
Figure 31: Italy, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Italy, Public Administration and Defence, Compulsory Social Security, Education, Human Health, and Social Work Activities (EUR Million, 2015 Chained Prices)
Figure 33: Italy, Residential Construction Output by Project Type (Real, $ Million), 2018-27
Figure 34: Italy, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 35: Italy, Real Estate Value Add (EUR Million, 2015 Chained Prices)
Figure 36: Italy, New Residential Building Permit Approved (in Numbers)
Figure 37: Italy, Construction Cost Index for Residential Buildings (2015=100)
Figure 38: Italy, Gross Fixed Capital Formation in Dwellings (EUR, Million 2015 Chained Prices)
Figure 39: Italy, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 40: Italy, Headquarters of Key Consultants (% of Total Project Pipeline)