Italy Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Italy Construction Market Report Overview
The Italy construction market size was $304.6 billion in 2022. The market is projected to achieve a negative AAGR of more than 1% during 2024-2027. Rising public debt poses a significant risk to the industry’s growth in the initial part of the forecast period. However, investments in residential, infrastructure, renewable energy, and liquefied natural gas (LNG) projects will drive the market growth during 2026-2027.
Italy Construction Market Outlook, 2022-2027 ($ Billion)
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The Italy construction market research report offers a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence Italy construction market growth in the coming years.
Market Size (2022) | $304.6 billion |
AAGR (2024-2027) | <(1)% |
Forecast Period | 2024-2027 |
Historical Period | 2018-2023 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Webuild SpA
· Ghella SpA · Mipien SpA · Astaris SpA · Gruppo group |
Key Consultants | · Ferrovie Dello Stato Italiane SpA
· RATP Group · Italferr SpA · COWI Holding AS · Amberg Technologies AG |
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Italy Construction Market Segmentation by Sectors
Residential construction was the leading sector in the Italy construction market in 2022
The key sectors in the Italy construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Investment in leisure and hospitality, retail, office, and data center buildings will drive the commercial sector’s growth over the forecast period.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The development of vehicle manufacturing projects will drive the sector’s growth from 2025.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The National Recovery and Resilience Plan (PNRR) will invest in the development of the country’s transport infrastructure. This will support the sector’s growth over the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The government’s focus on the development of energy infrastructure, particularly renewable energy infrastructure will drive the sector growth between 2024 and 2027.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Investments in educational, healthcare, museum, and research-building projects will fuel the growth of the institutional construction sector from 2025 till the end of the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. Public and private sector investments in housing projects will drive the sector growth from 2026 onwards.
Italy Construction Market Analysis by Sectors, 2022 (%)
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Italy Construction Market - Competitive Landscape
Webuild SpA emerged as the leading contractor and Ferrovie Dello Stato Italiane SpA as the leading consultant in the Italy construction market in 2022
A few of the leading contractors in the Italy construction market are:
- Webuild SpA
- Ghella SpA
- Mipien SpA
- Astaris SpA
- Gruppo group
Domestic contractors account for most of the project pipeline in the Italy construction market.
Italy Construction Market Analysis by Contractors, 2022 (%)
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A few of the leading consultants in the Italy construction market are:
- Ferrovie Dello Stato Italiane SpA
- RATP Group
- Italferr SpA
- COWI Holding AS
- Amberg Technologies AG
Consultants with headquarters outside Italy are involved in most of the project pipeline by value.
Italy Construction Market Analysis by Consultants, 2022 (%)
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Italy Construction Market - Latest Developments
- In May 2023, the Italian government had approved the Strategic Plan for Tourism 2023-2027, which aims to promote competitiveness of the tourism sector. The plan is based on five pillars, promotion, investments, quality, inclusion, training, and sustainability. Additionally, the government has identified eight sectors of strategic importance for national tourism and has identified specific actions for each sector.
- The largest commercial project in the pipeline is the Milan Innovation District (MIND) Mixed Use Development Project. It involves the construction of a mixed-use community including an office space and retail space.
Segments Covered in the Report
Italy Construction Sectors Outlook (Value, $ Billion, 2018-2027)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in Italy.
- Historical and forecast valuations of the construction industry in Italy, featuring details of key growth drivers.
- Segmentation by sector 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
Figures
Frequently asked questions
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What was the Italy construction market size in 2022?
The construction market size in Italy was $304.6 billion in 2022.
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What will the Italy construction market growth rate be during the forecast period?
The construction market in Italy is projected to achieve a negative AAGR of more than 1% during 2024-2027.
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Which was the leading sector in the Italy construction market in 2022?
Residential construction was the leading sector in the Italy construction market in 2022.
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Which are the leading contractors in the Italy construction market?
The leading contractors in the Italy construction market are Webuild SpA, Ghella SpA, Mipien SpA, Astaris SpA, and Gruppo group, among others.
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Who are the leading consultants in the Italy construction market?
The leading consultants in the Italy construction market are Ferrovie Dello Stato Italiane SpA, RATP Group, Italferr SpA, COWI Holding AS, and Amberg Technologies AG, among others.
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