Construction in France – Key Trends and Opportunities to 2025 (Q2 2021)

The French construction sector declined by 13.2% in 2020, as a result of the virus outbreak. According to Eurostat, the construction industry’s value-add contracted by 7.6% year on year (YoY) in the fourth quarter of 2020, preceded by Y-o-Y declines of 11.1% in Q3 and 30% in Q2 2020.

GlobalData expects the industry to recover in 2021, and grow by 8.6% this year, registering an annual average growth of 1.9% between 2022-2025. The sharp growth in 2021 will mainly be driven by the very low starting base in the previous year, particularly in the second quarter. Although short-term investments in the industry could be affected by the weak consumer and investor confidence, output over the forecast period will be supported by government spending on overall infrastructure, particularly in preparation for the upcoming summer Olympic games in Paris in 2024. The government plans to spend EUR6.8 billion (US$8 billion) to upgrade the country’s infrastructure by 2024.

Long-term growth in the industry will be also driven by the government’s plan to invest EUR80 billion (US$94.4 billion) on transport infrastructure between 2018 and 2037. On a positive note, work is progressing on the EUR31.7 billion (US$37.4 billion) Grand Paris Express Metro Rail project, which is claimed to be the biggest urban mobility project currently underway in Europe.

GlobalData’s "Construction in France – Key Trends and Opportunities to 2025 (Q2 2021)" report provides detailed market analysis, information, and insights into the French construction industry, including –

– The French construction industry's growth prospects by market, project type and construction activity

– Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the French construction industry

– Analysis 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 France. It provides –

– Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in France, featuring details of key growth drivers.

– Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

– Analysis 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 consultants

Reasons to buy

– Identify 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.

Table of Contents

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 COVID-19 Status

3.5 Risk Profile

4 Construction Outlook

4.1 All Construction

– Outlook

– Latest news and developments

– Construction Projects Momentum Index

4.2 Commercial Construction

– Outlook

– Project analytics

– Latest news and developments

4.3 Industrial Construction

– Outlook

– Project analytics

– Latest news and developments

4.4 Infrastructure Construction

– Outlook

– Project analytics

– Latest news and developments

4.5 Energy and Utilities Construction

– Outlook

– Project analytics

– Latest news and developments

4.6 Institutional Construction

– Outlook

– Project analytics

– Latest news and developments

4.7 Residential Construction

– Outlook

– Project analytics

– Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?

7.2 Definitions

7.3 CRI Methodology

7.4 GlobalData Construction

Contact Us

List of Tables

List of Tables

Table 1: Construction Industry Key Data

Table 2: France, Key Economic Indicators

Table 3: France, Commercial Construction Output by Project Type (real % change), 2016-2025

Table 4: France, Top Commercial Construction Projects by Value

Table 5: France, Industrial Construction Output by Project Type (real % change), 2016-2025

Table 6: France, Top Industrial Construction Projects by Value

Table 7: France, Infrastructure Construction Output by Project Type (real % change), 2016-2025

Table 8: France, Top Infrastructure Construction Projects by Value

Table 9: France, Energy and Utilities Construction Output by Project Type (real % change), 2016-2025

Table 10: France, Top Energy and Utilities Construction Projects by Value

Table 11: France, Institutional Construction Output by Project Type (real % change), 2016-2025

Table 12: France, Top Institutional Construction Projects by Value

Table 13: France, Residential Construction Output by Project Type (real % change), 2016-2025

Table 14: France, Top Residential Construction Projects by Value

Table 15: France, Key Contractors

Table 16: France, Key Consultants

Table 17: France, Construction Output Value (Real, US$ Million)

Table 18: France, Construction Output Value (Nominal, EUR Million)

Table 19: GlobalData Construction Market Definitions

Table 20: Risk Dimensions

Table 21: Ratings, Scores and Definitions

List of Figures

List of Figures

Figure 1: Western Europe, Construction Output (real % change), 2020 and 2021

Figure 2: France, Construction Projects Pipeline by Sector (US$ Billion)

Figure 3: France, COVID-19 Confirmed Cases

Figure 4: France, Risk Summary

Figure 5: France, Risk Regional Comparison

Figure 6: France, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate), 2016-2025

Figure 7: France, Construction Output Value, by Sector (Real, US$ Million), 2016-2025

Figure 8: France, Construction Value-Add (EUR Million, 2015 Chained Prices)

Figure 9: France, Turnover Index of Residential and Non-Residential Buildings at 2015 Base Prices

Figure 10: France, Gross Fixed Capital Formation, Seasonally-Adjusted Series, (EUR Billion, at 2014 Chained Prices)

Figure 11: France, Construction Projects Momentum Index

Figure 12: France, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 13: France, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 14: France, Services Production Index, 2015=100

Figure 15: France, Business Confidence Indicator in the Services Sector

Figure 14: France, Wholesale and Retail Trade Volume Index (2015=100)

Figure 15: France, Total Authorized Floor Area of Office Premises, in Thousands m2

Figure 16: France, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 17: France, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 18: France, Manufacturing Value-Add (EUR Million, 2015 Chained Prices)

Figure 19: France, Industrial and Manufacturing Production Indices (Seasonally Adjusted, 2015=100)

Figure 20: France, Exports of Goods and Services, at Seasonally-Adjusted Series, (EUR Billion, 2014 Chained Prices)

Figure 21: France, Total Authorized Floor Area of Industrial Premises, in Thousands m2

Figure 22: France, New Vehicle Registrations, in Thousands

Figure 23: France, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 24: France, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 25: France, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 26: France, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 27: France, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 28: France, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 29: France, Total Floor Area of Premises Authorized for Health, Education and Research Services, in Thousands m2

Figure 30: France, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 31: France, Residential Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 32: France, Real Estate Value-Add (EUR Million, 2015 Chained Prices)

Figure 33: France, Number of Dwellings Construction Started

Figure 34: France, Total Number of Dwellings Authorized

Figure 35: France, House Price Index, Seasonally Adjusted, 2015=100

Figure 36: France, House Price Index, Seasonally Adjusted, 2015=100

Figure 37: France, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 38: France, Headquarters of Key Consultants (% of Total Project Pipeline)

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