City Profile - Marseille; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail

City Profile - Marseille; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail

Summary

“City Profile - Marseille” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Marseille. The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.In 2023, Marseille metropolitan area contributed 4.6% to France's overall GDP. As a key industrial and trade hub, its economy relies heavily on exports, tourism, and marine trade. The area's economic growth grew by 1.5% in real terms primarily due to shrinking profit margins and heightened activity. Challenges such as inflation, energy crises, and rising raw material costs impeded growth during this period. Despite these issues, Aix-Marseille-Provence Metropolis experienced increased activity in the service sector, steady household consumption, and a strong job marketScope

• The service sector mainly drives the economic growth of Marseille metropolitan area, accounting for 81.5% of the total GVA in 2023 - In 2023, the construction sector in Marseille metropolitan area contributed 5.7% to the area's GVA, adding EUR6.6 billion ($7.0 billion), a 6.5% increase from 2022. Growth of the sector was slowed by high interest rates, declining investor confidence, and rising material costs, leading to fewer projects. The sector is reorganizing due to health and energy crises and decline in activity in 2023. Labor shortage challenges continued to persist but are improving in 2023

• Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
• Analyze and understand the business environment in the city to align your investment and expansion strategies.
• The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
• Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.