Israel Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

Pages: 47 Published: March 13, 2023 Report Code: GDCN1086MR

Report Overview
Table of Contents
Tables
Figures
FAQ

Israel Construction Market Report Overview

The Israel construction market was valued at $71 billion in 2022. The market is projected to grow at an AAGR of more than 2% during the period 2024-2027 supported by government’s focus on the development of transport infrastructure, energy and utilities construction projects and residential projects.

The Israel construction market research report provides detailed market analysis, information, and insights into Israel’s construction industry, including the industry’s growth prospects by market, project type and construction activity. Furthermore, it also provides a critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Israel’s construction industry. It also provides information on the mega-project pipeline, focusing on development stages and participants, as well as listings of major projects in the pipeline.

Israel Construction Market Overview, 2022-2027 ($ Billion)

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Israel Construction Market Segmentation by Sectors

The key sectors in the Israel construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. The residential construction sector dominated the market in 2022, followed by institutional construction.

Residential construction: The project types in this sector include single-family housing and multi-family housing. The sector’s output over the forecast period will be supported by government’s plan to build new houses to meet the rising population and ongoing urbanization.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The sector’s growth over the forecast period will be supported by the increase in investments in healthcare infrastructure to address the rising need for healthcare facilities.

Commercial Construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Growth in the sector will be supported by surging investments in the hotel, retail, and office building projects.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The sector’s output will be supported by the investment in road and rail infrastructure projects.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The sector’s output will be supported by the government’s initiatives to boost renewable energy output and reduce carbon emissions from by 27%, compared to 2015 levels, by the end of 2030, before reaching carbon neutrality by the end of 2050.

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 sector’s growth over the remainder of the forecast period will be owing to a rebound in manufacturing and export activities.

Israel Construction Market Analysis, by Sectors, 2022 (%)

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Israel Construction Market - Competitive Landscape

The leading contractors in the Israel construction market are Public Power Corporation SA, Shikun & Binui Ltd, Electra Ltd, General Electric Co, Shafir Civil and Marine Engineering Ltd, Agence des Participations de l Etat, Alony Hetz, G. Salkind Ltd., Vanguard Group, Inc., and Ephraim Rogovin Ltd. Public Power Corporation SA was the leading contractor in the Israel construction market in 2022.

Israel Construction Market by Contractors, 2022 (%)

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The leading consultants in the Israel construction market are Mansfeld-Kehat Architects, Systran SA, Yenon Research and Design Ltd, WSP Global Inc, D.E.L Group, Amir Mann Ami Shinar Architects & Planners Ltd, Parsons Corp, Dov Koren Architects, WorleyParsons Ltd, and Stantec Inc among others. Mansfeld-Kehat Architects was the leading consultant in the Israel construction market in 2022.

Israel Construction Market by Consultants, 2022 (%)

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Israel Construction Market Report Overview

Market Size (2022)	$71 billion
AAGR (2024-2027)	>2%
Forecast Period	2023-2027
Historical Period	2018-2022
Key Sectors	Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction
Leading Contractors	Public Power Corporation SA, Shikun & Binui Ltd, Electra Ltd, General Electric Co, Shafir Civil and Marine Engineering Ltd, Agence des Participations de l Etat, Alony Hetz, G. Salkind Ltd., Vanguard Group, Inc., and Ephraim Rogovin Ltd
Leading Consultants	Mansfeld-Kehat Architects, Systran SA, Yenon Research and Design Ltd, WSP Global Inc, D.E.L Group, Amir Mann Ami Shinar Architects & Planners Ltd, Parsons Corp, Dov Koren Architects, WorleyParsons Ltd, and Stantec Inc

Segments Covered in the Report

Israel Construction Sectors Outlook (Value, US$ Billion, 2018-2027)

Commercial Construction
- Leisure and Hospitality Buildings
- Office Buildings
- Outdoor Leisure Facilities
- Retail Buildings
- Other Commercial Construction
Industrial Construction
- Chemical and Pharmaceutical Plants
- Manufacturing Plants
- Metal and Material Production and Processing plants
- Waste Processing Plants
Infrastructure Construction
- Rail Infrastructure
- Road Infrastructure
- Other Infrastructure Projects
Energy and Utilities Construction
- Electricity and Power
- Oil and Gas
- Telecommunications
- Sewage Infrastructure
- Water Infrastructure
Institutional Construction
- Educational Buildings
- Healthcare Buildings
- Institutional Buildings
- Research Facilities
- Religious Buildings
Residential Construction
- Single-Family Housing
- Multi-Family Housing

Scope

This report provides:

A comprehensive analysis of the construction industry in Israel

Historical and forecast valuations of the construction industry in Israel, 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

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 Risk Profile

4 Construction Outlook
- 4.1 All Construction
  - 4.1.1 Outlook
  - 4.1.2 Latest news and developments
  - 4.1.3 Construction Projects Momentum Index
- 4.2 Commercial Construction
  - 4.2.1 Outlook
  - 4.2.2 Project analytics
  - 4.2.3 Latest news and developments
- 4.3 Industrial Construction
  - 4.3.1 Outlook
  - 4.3.2 Project analytics
  - 4.3.3 Latest news and developments
- 4.4 Infrastructure Construction
  - 4.4.1 Outlook
  - 4.4.2 Project analytics
  - 4.4.3 Latest news and developments
- 4.5 Energy and Utilities Construction
  - 4.5.1 Outlook
  - 4.5.2 Project analytics
  - 4.5.3 Latest news and developments
- 4.6 Institutional Construction
  - 4.6.1 Outlook
  - 4.6.2 Project analytics
  - 4.6.3 Latest news and developments
- 4.7 Residential Construction
  - 4.7.1 Outlook
  - 4.7.2 Project analytics
  - 4.7.3 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

List of Tables

Table 1: Construction Industry Key Data

Table 2: Israel, Key Economic Indicators

Table 3: Israel, Commercial Construction Output by Project Type (Real % Change), 2018–27

Table 4: Israel, Top Commercial Construction Projects by Value

Table 5: Israel, Industrial Construction Output by Project Type (Real % Change), 2018–27

Table 6: Israel, Top Industrial Construction Projects by Value

Table 7: Israel, Infrastructure Construction Output by Project Type (Real % Change), 2018–27

Table 8: Israel, Top Infrastructure Construction Projects by Value

Table 9: Israel, Energy and Utilities Construction Output by Project Type (Real % Change), 2018–27

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

Table 11: Israel, Institutional Construction Output by Project Type (Real % Change), 2018–27

Table 12: Israel, Top Institutional Construction Projects by Value

Table 13: Israel, Residential Construction Output by Project Type (Real % Change), 2018–27

Table 14: Israel, Top Residential Construction Projects by Value

Table 15: Israel, Key Contractors

Table 16: Israel, Key Consultants

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

Table 18: Israel, Construction Output Value (Nominal, ILS Million)

Table 19: GlobalData Construction Market Definitions

Table 20: Risk Dimensions

Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2021–27

Figure 2: Israel, Construction Output by Sector (Real % Change), 2021–23 and 2024–27

Figure 3: Israel, Risk Summary

Figure 4: Israel, Risk Regional Comparison

Figure 5: Israel, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018–27

Figure 6: Israel, Construction Output Value, by Sector (Real, $ Million), 2018–27

Figure 7: Israel, Gross Fixed Capital Formation in Construction (ILS Million, at 2015 Chained Prices)

Figure 8: Israel, Construction Value-Add (ILS Million, 2015 Chained Prices)

Figure 9: Israel, Unemployment (In thousands)

Figure 10: Israel, Construction Projects Momentum Index

Figure 11: Region, Construction Projects Momentum Index

Figure 12: Israel, Commercial Construction Output by Project Type (Real, $ Million), 2018–27

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

Figure 14: Israel, Wholesale and Retail Trade, Accommodation and Food Services Value Add (ILS Million, 2015 Chained Prices)

Figure 15: Israel, Total Area Authorized for Office Buildings (In Thousands m2)

Figure 16: Israel, Total Tourist Arrivals (In Thousands)

Figure 17: Israel, Industrial Construction Output by Project Type (Real, $ Million), 2018–27

Figure 18: Israel, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 19: Israel, Manufacturing Value Add (ILS Million, 2015 Chained Prices)

Figure 20: Israel, Total Area Authorized for Manufacturing and Storage Premises (In Thousands m2)

Figure 21: Israel, Total Export Value (ILS, Million)

Figure 22: Israel, Industrial Production Index (2011=100)

Figure 23: Israel, Infrastructure Construction Output by Project Type (Real, $ Million), 2018–27

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

Figure 25: Israel, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018–27

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

Figure 27: Israel, Institutional Construction Output by Project Type (Real, $ Million), 2018–27

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

Figure 29: Israel, Total Number of Construction Permits Issued for New Education and Healthcare Buildings

Figure 30: Israel, Residential Construction Output by Project Type (Real, $ Million), 2018–27

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

Figure 32: Israel, Gross Fixed Capital Formation in Residential Buildings (ILS Million, at 2015 Chained Prices)

Figure 33: Israel, Total Authorized Residential Area (Thousand m2)

Figure 34: Israel, Total Authorized Area on which Construction works of New Residential Buildings have started (Thousand m2)

Figure 35: Israel, Housing Construction Inputs Prices Index (2004=100)

Figure 36: Israel, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 37: Israel, Headquarters of Key Consultants (% of Total Project Pipeline)

Frequently Asked Questions

The construction market size in Israel was $71 billion in 2022.

The construction market in Israel is projected to achieve an AAGR of more than 2% during 2024-2027.

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