Italy Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027

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)

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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.

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 (%)

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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 (%)

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Some of the leading consultants in the Italy construction market are:

• Ferrovie Dello Stato Italiane SpA
• RATP Group
• Italferr SpA
• COWI AS
• AECOM
• GEODATA SpA

Domestic consultants account for a majority share of the project pipeline.

Italy Construction Market Analysis by Consultants, 2022 (%)

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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

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.