Israel Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Israel Construction Market Report Overview
The Israel construction market size was valued at $66.6 billion in 2022. The market is projected to achieve an AAGR of more than 1% during 2024-2027. The Israeli construction industry growth is attributed to the government’s focus on infrastructure development and investments in energy & utilities and residential construction projects.
Israel Construction Market Outlook, 2022-2027 ($ Billion)
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The Israel 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 Israel’s construction market growth in the coming years.
Market Size (2022) | $66.6 billion |
AAGR (2024-2027) | 1% |
Forecast Period | 2023-2027 |
Historical Period | 2018-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Electra Ltd
· Public Power Corporation SA · Shikun & Binui Ltd · General Electric Co · Shapir Engineering and Industry Ltd · Agence des Participations de l Etat · Ashtrom Group Ltd |
Key Consultants | · Mansfeld-Kehat Architects
· Systran SA · WSP Global Inc · Yenon Research and Design Ltd · D.E.L Group · Parsons Corp · Dov Koren Architects |
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Israel Construction Market Segmentation by Sectors
Residential construction was the leading sector in the Israel construction market in 2022
The key sectors in the Israeli construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The growing government investments in the development and modernization of the country’s transportation networks will support the sector’s growth during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The residential construction industry will grow over the forecast period owing to the government’s plans to build new houses to meet the demands of a rising population and ongoing urbanization.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. Investments to boost renewable energy projects, to achieve 30% of Israel’s energy generation from renewable sources and 70% from natural gas by the end of this decade, will drive the sector growth between 2024 and 2027.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Factors such as investments in data centers, hotels, retail, and office building projects 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. Recovery in manufacturing and export activities, coupled with the developments of battery manufacturing projects will drive the sector’s growth during the forecast period.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Factors such as investment in health, education, and research projects will fuel the sector growth in the coming years.
Israel Construction Market Analysis by Sectors, 2022 (%)
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Israel Construction Market - Competitive Landscape
Electra Ltd emerged as the leading contractor and Mansfeld-Kehat Architects as the leading consultant in the Israel construction market in 2022
A few of the leading contractors in the Israel construction market are:
- Electra Ltd
- Public Power Corporation SA
- Shikun & Binui Ltd
- General Electric Co
- Shapir Engineering and Industry Ltd
- Agence des Participations de l Etat
- Ashtrom Group Ltd
Domestic contractors account for most of the project pipeline in the Israel construction market. Firms based in the US are the dominant foreign contractors.
Israel Construction Market Analysis by Contractors, 2022 (%)
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A few of the leading consultants in the Israel construction market are:
- Mansfeld-Kehat Architects
- Systran SA
- WSP Global Inc
- Yenon Research and Design Ltd
- E.L Group
- Parsons Corp
- Dov Koren Architects
Consultants with headquarters in Israel are involved in most of the project pipeline by value. Among foreign consultants, firms based in the US, France, and Canada are dominant in terms of project values.
Israel Construction Market Analysis by Consultants, 2022 (%)
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Israel Construction Market - Latest Developments
- In June 2023, Intel announced its plans to invest ILS84.3 billion ($25 billion) for establishing a semiconductor chip manufacturing plant in Kiryat Gat, Israel. The project will play a vital role in the sector’s output in the forecast period, which is expected to be completed by 2027.
- Leviathan gas field has partnered with Chevron, NewMed Energy, and Ratio Energies to build and expand the Israeli offshore gas production facility with an investment of ILS1.9 billion ($568 million) in July 2023.
Segments Covered in the Report
Israel 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 Israel.
- Historical and forecast valuations of the construction industry in Israel, 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 Israel construction market size in 2022?
The construction market size in Israel was $66.6 billion in 2022.
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What will the Israel construction market growth rate be during the forecast period?
The construction market in Israel is projected to achieve an AAGR of 1% during 2024-2027.
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Which was the leading sector in the Israel construction market in 2022?
Residential construction was the leading sector in the Israeli construction market in 2022.
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Which were the leading contractors in the Israel construction market in 2022?
The leading contractors in the Israeli construction market were Electra Ltd, Public Power Corporation SA, Shikun & Binui Ltd, General Electric Co, Shapir Engineering and Industry Ltd, Agence des Participations de l Etat, and Ashtrom Group Ltd among others.
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Which were the leading consultants in the Israel construction market in 2022?
The leading consultants in the Israeli construction market were Mansfeld-Kehat Architects, Systran SA, WSP Global Inc, Yenon Research and Design Ltd, D.E.L Group, Parsons Corp, and Dov Koren Architects among others.
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