Construction Industry in Italy is Expected to Grow Steadily Over the Next Four Quarters | Large Investments to Drive the Market | Data and Trend Analyses on Construction Industry | City Level Insights

Italy has been one of the worst-affected countries by the coronavirus outbreak. It was the first country in Europe which imposed strict lockdown measures to control the spread of Covid-19. As a result, the country entered into a recession following the negative growth in the first quarter of 2020. The strict lockdown measures implemented by the government also affected the construction industry severely.

With business activities resuming and construction getting started, the industry is expected to recover in the near term. Moreover, with the government planning to spend a major portion of the EU recovery fund on institutional and infrastructure construction in the country, the outlook for 2021 remains positive.

The total construction production index declined by 8.1% in the first eight months of 2020. This negative growth in the construction sector is also reflected in the GDP of the country. The Italian government has forecasted the Gross Domestic Product (GDP) to fall as much as 10.5% IN 2020 before returning to a sluggish recovery in 2021.

However, the construction industry is expected to recover in 2021. With the Italian Prime Minister planning to spend 28% of the €750 billion EU recovery fund on construction industry and other sectors, the outlook for both the GDP and construction industry remains stable for 2021.
With people being forced to spend most of their time inside their homes, they have started to look for houses that are spacious and provides a place for work from home activities. As a result, housing property demand is rising in Southern Italy.

Usually, the prices in the northern cities such as Milan tend to be on the higher side as compared to homes in the southern cities of Italy. However, with the rise of remote working, people are preferring to move to a more spacious area at a cheaper rate. This has resulted in a massive demand for housing in cities such as Verona, Genoa, and Rome. Whereas, the demand for housing has dropped by 10% in Milan.

With this growing demand in Southern Italy, the outlook for residential construction remains positive for 2021.

With the second wave of coronavirus outbreak gathering pace in the country, the Italian Prime Minister aims to complete the construction of a new southern hospital. However, the increasing number of cases in the country has resulted in rapid construction planning.

Moreover, out of the €209 billion (28% of €750 billion) EU recovery fund, €35 billion are committed to the construction of hospitals and schools in Italy. As many as 368,000 new classrooms will be constructed in the country, over the next few years. All of these factors will keep supporting the growth of the institutional building construction industry in Italy.

The Italian Government is also planning to spend a major chunk of the EU recovery fund on transport infrastructure. Over €1 billion is allocated for the construction of the Turin - Lyon high-speed railway line, whereas €4.5 billion is allocated for Palermo - Messina - Catania railway construction. Additionally, the government also plans to spend about €2.6 billion on a direct high-speed link between Naples and Bari in Southern Italy.

Construction activities on the US$3 billion section of the Verona - Padua high-speed railway has also already started in Italy. The project involves a total investment of US$6 billion and is expected to complete by 2027. Whereas, the new M4 metro line in Milan is also under construction, with the central section of the metro expected to start operating in spring 2021.

According to ConsTrack360's Q2 2021 Global Construction Survey, construction industry in Italy is expected to grow by 17.3% to reach US$ 215995.6 million in 2021. Despite near-term challenges in certain construction sectors, medium to long term growth story in Italy remains intact. The construction industry in Italy is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 2.1% during 2021-2025. The construction output in the country is expected to reach US$ 235146.5 million by 2025.

This report from ConsTrack360 provides data and trend analyses on construction industry in Italy, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 140+ charts and 110+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.

It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.

Scope
• Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025 in Italy. KPIs covered include the following:
• Market size by value
• Market size by volume of construction
• Number of units

• Italy Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Housing type (multi family, single family)
• Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
• Price point / income level (luxury, mid-tier, affordable)
• Construction stage (new construction, re-development & maintenance)

• Italy Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Green building by Housing type (multi family, single family)
• Green building by Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
• Green building by Price point / income level (luxury, mid-tier, affordable)

• Italy Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Office (further broken down by Grade A, Grade B, and Grade C)
• Retail (further broken down by Grade A, Grade B, and Grade C)
• Hospitality (further broken down by Grade A, Grade B, and Grade C)
• Restaurant (further broken down by Grade A, Grade B, and Grade C)
• Entertainment
• Sports facility
• Construction stage (new construction, re-development & maintenance)

• Italy Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Office green building construction
• Retail green building construction
• Hospitality green building construction
• Restaurant green building construction
• Entertainment green building construction
• Sports facility green building construction
• Other commercial green building construction

• Italy Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)

• Italy Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Healthcare construction
• Educational construction
• Public sector
• construction stage (new construction, re-development & maintenance)

• Italy Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Healthcare green building construction
• Educational green building construction

• Italy Infrastructure Construction Sectors: 10- year market size & forecast in value terms by
• Marine and inland water infrastructure
• Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
• Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
• Construction stage (new construction, re-development & maintenance)

• Italy Green Infrastructure Construction: 10- year market size & forecast in value terms

To get detailed insights and FREE sample report please click here @ https://www.constrack360.com/reportstore/view/Italy-Construction-Industry-Databook-Series-4035

Reasons to Purchase
• In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of building and infrastructure construction industry in Italy.

• Volume and Value Data: Get detailed understanding of the market both from value and volume (both by activity and units) perspective for historical as well as forecast period

• Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in construction industry.

• City Level Insights: Get city level trend analyses by tier-1, tier-2, and tier-3 cities.

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