Italy Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027
All the vital news, analysis, and commentary curated by our industry experts.
Italy Construction Market Report Overview
The Italy construction market size was $299.4 billion in 2022. The market is expected to decline at an AAGR of more than 1% during 2024-2027. The construction industry in Italy is expected to weaken in the initial part of the forecast period due to factors such as a slowing economy, elevated inflation, weak manufacturing activities, slowing exports, and most significantly the winding down of government-funded support for works in the residential sector. The market is expected to grow again and regain growth momentum in 2026. This growth will be supported by investments in transport infrastructure, renewable energy, and housing projects.
Italy Construction Market Outlook, 2022-2027 ($ Billion)
Buy Full Report to Know More about the Italy Construction Market Forecast
The Italy construction market research report provides detailed market analysis, information, and insights into the Italian construction industry, including the industry’s growth prospects by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Italian construction industry. It also provides an analysis of the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report discusses the sectors in the construction market and provides an overview of each sector along with their driving factors.
|Market Size (2022)||$299.4 billion|
|Key Sectors||· Commercial Construction
· Industrial Construction
· Infrastructure Construction
· Energy and Utilities Construction
· Institutional Construction
· Residential Construction
|Key Contractors||· Webuild SpA
· Ghella SpA
· Mipien S.p.A.
· Astaris SpA
· Gruppo Gavio SpA
· Cogeis SpA
|Key Consultants||· Ferrovie Dello Stato Italiane SpA
· RATP Group
· Italferr SpA
· COWI AS
· GEODATA SpA
|Enquire & Decide||Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.|
Italy Construction Market Segmentation by Sectors
Residential construction was the leading sector in the Italian 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. The growth of the sector from 2026 onwards will be supported by the expected recovery in tourism activities, coupled with investment in the construction of retail, office, logistics, and warehouse projects. The “Strategic Plan for Tourism 2023-2027” aims to promote competitiveness of the tourism sector and is based on five pillars, promotion, investments, quality, inclusion, training, and sustainability. Investments made as part of this strategy will help the growth of the sector.
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 growth of the sector over the later part of the forecast period will be aided by the development of vehicle manufacturing projects.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The growth of the sector will be supported by investments under the PNRR to develop the country’s transport infrastructure. Investments will be made in regional road and railway development 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 growth of the sector over the forecast period will be supported by the government’s focus on the development of energy infrastructure. They are investing in renewable energy projects in line with the country’s goal of reaching carbon neutrality by 2050.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The sector growth from 2025 onwards will be supported by investments in educational, healthcare, museum, and research-building projects.
Residential construction: The project types in this sector include single-family housing and multi-family housing. In the short to medium term (2023-2025), the residential construction sector will drop back from recent highs as generous financial support programs are wound down, and also because of weak investment growth amid high-interest rates. However, the sector’s output is expected to pick up again from 2026, aided by public and private sector investments in housing projects.
Italy Construction Market Analysis by Sectors, 2022 (%)
Buy Full Report for more Sector Insights into the Italy Construction Market
Italy Construction Market - Competitive Landscape
Webuild SpA was the leading contractor and Ferrovie Dello Stato Italiane SpA was the leading consultant in the Italy construction market in 2022.
Some of the leading contractors in the Italy construction market are:
- Webuild SpA
- Ghella SpA
- Mipien S.p.A.
- Astaris SpA
- Gruppo Gavio SpA
- Cogeis SpA
Domestic contractors account for a majority share of the project pipeline in the Italian construction market.
Italy Construction Market Analysis by Contractors, 2022 (%)
Buy Full Report to Know More about the Contractors in the Italy Construction Market
Some of the leading consultants in the Italy construction market are:
- Ferrovie Dello Stato Italiane SpA
- RATP Group
- Italferr SpA
- COWI AS
- GEODATA SpA
Domestic consultants account for a majority share of the project pipeline.
Italy Construction Market Analysis by Consultants, 2022 (%)
Buy Full Report to Know More about Consultants in the Italy Construction Market
Italy Construction Market – Latest Developments
- The largest commercial project in the pipeline is the Milan Innovation District (MIND) Mixed Use Development Project, which involves the construction of a mixed-use community on 100 ha of land. Among others, it includes the construction of office space and retail space.
- The industrial project pipeline includes the Chip Packaging and Assembling Plant. It consists of the construction of production units, laboratories, testing units, storage facilities, administrative facilities, and distribution units, and the installation of machinery, equipment, safety, and security systems.
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
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
- 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
- 4.1. All Construction
- 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
- 8. About GlobalData
- 9. Contact Us
Frequently asked questions
What was the Italy construction market size in 2022?
The construction market size in Italy was $299.4 billion in 2022.
What is the Italy construction market growth rate?
The construction market in Italy is expected to decline at an AAGR of more than 1% during 2024-2027.
Which was the leading sector in the Italy construction market in 2022?
Residential construction was the leading sector in the Italian construction market in 2022.
Which are the leading contractors in the Italy construction market?
Some of the leading contractors in the Italy construction market are Webuild SpA, Ghella SpA, Mipien S.p.A., Astaris SpA, Gruppo Gavio SpA, and Cogeis SpA.
Who are the leading consultants in the Italy construction market?
Some of the leading consultants in the Italy construction market are Ferrovie Dello Stato Italiane SpA, RATP Group, Italferr SpA, COWI AS, AECOM, and GEODATA SpA.
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.
Business Intelligence & Marketing Manager, SAL Heavy Lift
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
Market Analyst & Management, Liebherr-Werk
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Head of Key Accounts, Saab AB
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Marketing Intelligence Manager, Portugal Foods
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.
Head of Customer Insight and Research, Standard Chartered
Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.
I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.
I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.
Head of Consumer Sensory Insights, Givaudan
“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.
Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”
Senior Account Manager, TSYS
GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise. The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.
I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.
One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.