Italy Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027
Summary
Having soared in 2021 and 2022, growing by an annual average of 15.5%, the construction industry in Italy is expected to weaken in the initial part of the forecast period, registering an average annual fall of 4.7% from 2023 to 2025. This weakness is attributed to headwinds such as a slowing economy, elevated inflation, weak manufacturing activities, slowing exports, and most significantly the winding down of government funded support for works in the residential sector. The Italian government reaffirmed in early September 2023 that it does not plan to extend the “Superbonus 110” tax incentive program, due to potential implications on public finances.
GlobalData expects the Italian construction industry to regain growth momentum in 2026 and register an average annual growth of 1.8% from 2026 to 2027, supported by investments on transport infrastructure, renewable energy, and housing projects. Italy's national state-owned railway holding company Ferrovie dello Stato Italiane (FS Italiane) awarded EUR14.3 billion ($14.6 billion) worth of rail infrastructure contracts in the first six months of 2023. FS Italiane plans to invest EUR180 billion ($183.8 billion) in rail and road infrastructure projects over the next ten years. Of the total, EUR125 billion ($127.6 billion) will be allocated to rail projects until 2033.
The 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.
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.
- 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: 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: Western Europe, 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, $ Million, 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, Total Number of People Employed in the Construction Industry, In Thousands
- Figure 12: Italy, Construction Projects Momentum Index
- Figure 13: Western Europe, 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 16: Italy, Services Value Add (EUR Million, 2015 chained prices)
- Figure 17: Italy, Wholesale and Retail Trade Value Add (EUR Million, 2015 chained prices)
- Figure 18: Italy, Foreign Tourist Arrivals (in thousands), and Overnight Stays (In Thousands)
- Figure 19: Italy, Industrial Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 20: Italy, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 21: Italy, Manufacturing Value Add (EUR Million, 2015 chained prices)
- Figure 22: Italy, Total Export (EUR Million)
- Figure 23: Italy, Industrial production index - base 2015=100, % Change YoY
- Figure 24: Italy, Construction Costs Index for industrial building, (2015=100), % Change YoY
- 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
- 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, Number of permits approved for new residential buildings
- Figure 37: Italy, Construction Costs Index for Residential building, (2015=100), % Change YoY
- Figure 38: Italy, Gross Fixed Capital Formation in dwellings plummet (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)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook