Italy Construction Industry Expected To Recover and Register Positive Growth Over the Forecast Period (2017-2021)
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Following a weak performance during the review period (2012-2016) on the back of the economic recession, expanding public debt and high unemployment rates, the Italian construction industry is expected to recover and register positive growth over the forecast period (2017-2021).
The industry’s expansion over the forecast period is expected to be supported by the government’s efforts to revamp economic growth through investments in infrastructure, and energy and utilities construction projects. Additionally, positive developments in the country’s manufacturing, retail and tourism sectors are also expected to support the industry’s growth.
The government’s efforts to boost foreign direct investments are also expected to bode well for the industry over the forecast period. In real terms, the industry’s output value is expected to rise from a compound annual growth rate (CAGR) of -2.97% between 2012 and 2016 to growth of 1.75% per annum from 2017 to 2021.
MRH Construction in Italy - Key Trends and Opportunities to 2021 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, and the risks and opportunities they present to participants in the Italian construction industry
Profiles of the leading operators in the Italian construction industry
This report provides a comprehensive analysis of the construction industry in Italy. It provides:
Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Italy using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Detailed profiles of the leading construction companies in Italy
Reasons to Buy:
Identify and evaluate market opportunities using MRH'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 MRH's critical and actionable insight.
Assess business risks, including cost, regulatory and competitive pressures.
Evaluate competitive risk and success factors.
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With an aim to develop the overall infrastructure in Puglia and Basilicata regions, the Italian government announced plans to invest EUR7.1 billion (US$7.9 billion) under the Operational Program 2014-2020. Accordingly, the government will implement various transport, energy and educational infrastructure projects until 2020.
Though the effect of economic recession continued to weigh on the housing prices in 2016, a gradual recovery could be observed over the forecast period, which can be attributed to the government’s efforts to restore growth in the housing sector through tax incentives on the purchases of residential properties. MRH projects the residential construction market to post a forecast-period CAGR of 2.89% in nominal terms, following negative growth during the review period.
In order to upgrade the country’s transport infrastructure, in July 2015 the European Union (EU) launched the Operational Program for Infrastructure and Networks in Italy, which included plans to invest EUR1.8 billion (US$2.0 billion) to develop various rail, road and port infrastructure projects in the country by 2020.
The governments focus on the development of the country’s broadband network is expected to contribute to the expansion of the telecommunications infrastructure category over the forecast period. In line with the EUs target to provide internet access to all households in every European country, in March 2015, the government announced plans to invest EUR6.0 billion (US$6.7 billion) until 2020 to deploy internet networks with a minimum speed of 30.0mbps across the country.
To accelerate the pace of foreign investments in the country’s manufacturing sector, the government launched the Industry Plan 4.0 in February 2017. Under this, the government announced plans to offer various tax incentives to foreign manufacturers, including a 50.0% tax credit on all the research and development investments, which will be made in the country between 2017 and 2020.
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MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients and customers.
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