Italy Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027

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 activityCritical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Italian construction industryAnalysis 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-sectorAnalysis 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 consultantsReasons to BuyIdentify 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.