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Construction in Italy - Key Trends and Opportunities to 2020


News provided by

Reportlinker

Aug 31, 2016, 06:50 ET

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NEW YORK, Aug. 31, 2016 /PRNewswire/ --

Synopsis
Italy's construction industry has undergone a dramatic decline since 2008. In real terms, the Italian construction industry's output contracted by 27.3% between 2008 and 2015. The decline can be attributed to the country's high unemployment rate, economic slowdown, weak business confidence and consumer demand, and the Eurozone's depressed economic environment, leading to a fall in demand for the Italian construction industry.

The industry is expected to perform slightly better over the forecast period (2016–2020) with change in the government's policies for foreign direct investment (FDI) in manufacturing sector, improving investor confidence and the government's investment in energy, residential, infrastructure and commercial construction projects.

Over the forecast period, the construction industry is expected to get supported by government programs such as the School Building program, Invest in Italy, and Cultural and Innovation Program 2014–2020. Moreover, business confidence in construction industry is rising due to the government's initiatives such as tax deductions and change in FDI polices.

The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 2.03% over the forecast period; up from -3.77% during the review period.

The construction industry will face challenges over the forecast period. High government debts will reduce public spending on large scale infrastructure projects. Moreover, the weak housing market and lack of public administration and justice system are expected to affect the growth prospects of the Italian construction industry.

Summary
Timetric's Construction in Italy – Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into Italian construction industry including:

- Italian construction industry's growth prospects by market, project type and type of construction activity

- Analysis of equipment, material and service costs across each project type within Italy

- Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Italian construction industry

- Analyzing the profiles of the leading operators in the Italian construction industry.

- Data highlights of the largest construction projects in Italy

Scope
- This report provides a comprehensive analysis of the construction industry in Italy. It provides:

- Historical (2011-2015) and forecast (2016-2020) 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 project type

- 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)

- Analysis of key construction industry issues, including regulation, cost management, funding and pricing

- Detailed profiles of the leading construction companies in Italy

Reasons To Buy
- Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.

- Assess business risks, including cost, regulatory and competitive pressures.

- Evaluate competitive risk and success factors.

Key Highlights
- The government's plans to reconstruct residential properties and bridge the gap between the supply and demand of housing units in the country will drive the growth of residential construction market over the forecast period. According to the government estimates, despite the construction of a large number of housing units, the country recorded a housing deficit of 470,000 units in 2015, indicating that supply is not sufficient to meet rising demand. To maintain the balance between supply and demand, the government launched an ad-hoc program and the national housing plan in 2015 to increase the housing supply in the country.

- The Italian government plans to develop sustainable transport infrastructure in underdeveloped regions of the country such as Sicily, Puglia, Calabria, Campania and Basilicata with an objective to eliminate bottlenecks on the central network infrastructure and promote sustainable transport systems. Accordingly, under the National Operational Program (NOP) 2014–2020, the government is planning to invest EUR1.8 billion (US$2.4 billion) to develop the transport infrastructure

- The infrastructure construction market is expected to benefit from the government's plans to develop adequate railways infrastructure across the country coupled with high-speed railway network in metropolitan areas. Under the Unlock Italy strategy, the transport ministry allocated EUR9.0 billion (US$11.9 billion) for the development of railway infrastructure across the country by 2020.

- The government introduced various policies in 2014–2015 such as regulating tourism business, developing strategic marketing activities and managing European Structural funds to develop and promote the country's tourism sector. In 2014, the government launched the Cultural and Innovation Program 2014–2020, with an investment of EUR490.0 million (US$650.1 million) by 2020.

- The government implemented tax benefits and subsidies in 2015, in order to attract foreign manufacturing companies. In the same year, the government launched the Made in Italy plan to promote its business environment abroad and attract FDI in the manufacturing sector.
Read the full report: http://www.reportlinker.com/p04100755-summary/view-report.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

http://www.reportlinker.com


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Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001

SOURCE Reportlinker

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