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Published: Aug, 2016 | Pages:
83 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)
Synopsis
Italy's construction industry has undergone a dramatic decline since 2008. In real terms, the Italian construction industry's output contracted by 27.3% between 2008 and 2015. The decline can be attributed to the country's high unemployment rate, economic slowdown, weak business confidence and consumer demand, and the Eurozone's depressed economic environment, leading to a fall in demand for the Italian construction industry. The industry is expected to perform slightly better over the forecast period (2016-2020) with change in the government's policies for foreign direct investment (FDI) in manufacturing sector, improving investor confidence and the government's investment in energy, residential, infrastructure and commercial construction projects. Over the forecast period, the construction industry is expected to get supported by government programs such as the School Building program, Invest in Italy, and Cultural and Innovation Program 2014-2020. Moreover, business confidence in construction industry is rising due to the government's initiatives such as tax deductions and change in FDI polices. The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 2.03% over the forecast period; up from -3.77% during the review period. The construction industry will face challenges over the forecast period. High government debts will reduce public spending on large scale infrastructure projects. Moreover, the weak housing market and lack of public administration and justice system are expected to affect the growth prospects of the Italian construction industry.
Summary
Timetric's Construction in Italy - Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into Italian construction industry including: • Italian construction industry's growth prospects by market, project type and type of construction activity • Analysis of equipment, material and service costs across each project type within Italy • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Italian construction industry • Analyzing the profiles of the leading operators in the Italian construction industry. • Data highlights of the largest construction projects in Italy
Scope
• This report provides a comprehensive analysis of the construction industry in Italy. It provides: • Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in Italy using construction output and value-add methods • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services) • Analysis of key construction industry issues, including regulation, cost management, funding and pricing • Detailed profiles of the leading construction companies in Italy
Reasons To Buy
• Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight. • Assess business risks, including cost, regulatory and competitive pressures. • Evaluate competitive risk and success factors.
Key Highlights
• The government's plans to reconstruct residential properties and bridge the gap between the supply and demand of housing units in the country will drive the growth of residential construction market over the forecast period. According to the government estimates, despite the construction of a large number of housing units, the country recorded a housing deficit of 470,000 units in 2015, indicating that supply is not sufficient to meet rising demand. To maintain the balance between supply and demand, the government launched an ad-hoc program and the national housing plan in 2015 to increase the housing supply in the country. • The Italian government plans to develop sustainable transport infrastructure in underdeveloped regions of the country such as Sicily, Puglia, Calabria, Campania and Basilicata with an objective to eliminate bottlenecks on the central network infrastructure and promote sustainable transport systems. Accordingly, under the National Operational Program (NOP) 2014-2020, the government is planning to invest EUR1.8 billion (US$2.4 billion) to develop the transport infrastructure • The infrastructure construction market is expected to benefit from the government's plans to develop adequate railways infrastructure across the country coupled with high-speed railway network in metropolitan areas. Under the Unlock Italy strategy, the transport ministry allocated EUR9.0 billion (US$11.9 billion) for the development of railway infrastructure across the country by 2020. • The government introduced various policies in 2014-2015 such as regulating tourism business, developing strategic marketing activities and managing European Structural funds to develop and promote the country's tourism sector. In 2014, the government launched the Cultural and Innovation Program 2014-2020, with an investment of EUR490.0 million (US$650.1 million) by 2020. • The government implemented tax benefits and subsidies in 2015, in order to attract foreign manufacturing companies. In the same year, the government launched the Made in Italy plan to promote its business environment abroad and attract FDI in the manufacturing sector.
Table of Contents
1 Executive Summary 2 Industry Outlook 2.1 Commercial Construction 2.2 Industrial Construction 2.3 Infrastructure Construction 2.4 Energy and Utilities Construction 2.5 Institutional Construction 2.6 Residential Construction 3 Key Issues and Developments 4 Market Data Analysis 4.1 Construction Output and Value Add 4.1.1 Construction output by project type 4.1.2 Construction output by cost type 4.1.3 Construction output by activity type 4.1.4 Construction value add by project type 4.2 Commercial Construction 4.2.1 Commercial construction output by project type 4.2.2 Commercial construction output by cost type 4.2.3 Commercial construction output by activity type 4.2.4 Commercial construction value add by project type 4.3 Industrial Construction 4.3.1 Industrial construction output by project type 4.3.2 Industrial construction output by cost type 4.3.3 Industrial construction output by activity type 4.3.4 Industrial construction value add by project type 4.4 Infrastructure Construction 4.4.1 Infrastructure construction output by project type 4.4.2 Infrastructure construction output by cost type 4.4.3 Infrastructure construction output by activity type 4.4.4 Infrastructure construction value add by project type 4.5 Energy and Utilities Construction 4.5.1 Energy and utilities construction output by project type 4.5.2 Energy and utilities construction output by cost type 4.5.3 Energy and utilities construction output by activity type 4.5.4 Energy and utilities construction value add by project type 4.6 Institutional Construction 4.6.1 Institutional construction output by project type 4.6.2 Institutional construction output by cost type 4.6.3 Institutional construction output by activity type 4.6.4 Institutional construction value add by project type 4.7 Residential Construction 4.7.1 Residential construction output by project type 4.7.2 Residential construction output by cost type 4.7.3 Residential construction output by activity type 4.7.4 Residential construction value add by project type 5 Company Profile: Salini Impregilo S.p.A. 5.1 Salini Impregilo S.p.A. - Company Overview 5.2 Salini Impregilo S.p.A. - Business Description 5.3 Salini Impregilo S.p.A. - Main Services 5.4 Salini Impregilo S.p.A. - History 5.5 Salini Impregilo S.p.A. - Company Information 5.5.1 Salini Impregilo S.p.A. - key competitors 5.5.2 Salini Impregilo S.p.A. - key employees 6 Company Profile: Astaldi S.p.A 6.1 Astaldi S.p.A - Company Overview 6.2 Astaldi S.p.A - Business Description 6.3 Astaldi S.p.A - Main Services 6.4 Astaldi S.p.A - History 6.5 Astaldi S.p.A - Company Information 6.5.1 Astaldi S.p.A - key competitors 6.5.2 Astaldi S.p.A - key employees 7 Company Profile: Maire Tecnimont S.p.A. 7.1 Maire Tecnimont S.p.A. - Company Overview 7.2 Maire Tecnimont S.p.A. - Business Description 7.3 Maire Tecnimont S.p.A. - Main Services 7.4 Maire Tecnimont S.p.A. - History 7.5 Maire Tecnimont S.p.A. - Company Information 7.5.1 Maire Tecnimont S.p.A. - key competitors 7.5.2 Maire Tecnimont S.p.A. - key employees 8 Company Profile: Impresa Pizzarotti & C. S.p.A. 8.1 Impresa Pizzarotti & C. S.p.A. - Company Overview 8.2 Impresa Pizzarotti & C. S.p.A. - Business Description 8.3 Impresa Pizzarotti & C. S.p.A. - Main Services 8.4 Impresa Pizzarotti & C. S.p.A. - History 8.5 Impresa Pizzarotti & C. S.p.A. - Company Information 8.5.1 Impresa Pizzarotti & C. S.p.A. - key competitors 8.5.2 Impresa Pizzarotti & C. S.p.A. - key employees 9 Company Profile: Itinera S.p.A. 9.1 Itinera S.p.A. - Company Overview 9.2 Itinera S.p.A. - Main Services 9.3 Itinera S.p.A. - History 9.4 Itinera S.p.A. - Company Information 9.4.1 Itinera S.p.A. - key competitors 9.4.2 Itinera S.p.A. - key employees 10 Appendix 10.1 What is this Report About? 10.2 Definitions 10.3 Methodology 10.4 Contact Timetric 10.5 About Timetric 10.6 Timetric's Services 10.7 Disclaimer
List of Tables
Table 1: Italian Construction Output by Project Type (EUR Million), 2011-2015 Table 2: Italian Construction Output by Project Type (EUR Million), 2015-2020 Table 3: Italian Construction Output by Cost Type (EUR Million), 2011-2015 Table 4: Italian Construction Output by Cost Type (EUR Million), 2015-2020 Table 5: Italian Construction Output by Activity Type (EUR Million), 2011-2015 Table 6: Italian Construction Output by Activity Type (EUR Million), 2015-2020 Table 7: Italian Construction Value Add by Project Type (EUR Million), 2011-2015 Table 8: Italian Construction Value Add by Project Type (EUR Million), 2015-2020 Table 9: Italian Commercial Construction Output by Project Type (EUR Million), 2011-2015 Table 10: Italian Commercial Construction Output by Project Type (EUR Million), 2015-2020 Table 11: Italian Commercial Construction Output by Cost Type (EUR Million), 2011-2015 Table 12: Italian Commercial Construction Output by Cost Type (EUR Million), 2015-2020 Table 13: Italian Commercial Construction Output by Activity Type (EUR Million), 2011-2015 Table 14: Italian Commercial Construction Output by Activity Type (EUR Million), 2015-2020 Table 15: Italian Commercial Construction Value Add by Project Type (EUR Million), 2011-2015 Table 16: Italian Commercial Construction Value Add by Project Type (EUR Million), 2015-2020 Table 17: Italian Industrial Construction Output by Project Type (EUR Million), 2011-2015 Table 18: Italian Industrial Construction Output by Project Type (EUR Million), 2015-2020 Table 19: Italian Industrial Construction Output by Cost Type (EUR Million), 2011-2015 Table 20: Italian Industrial Construction Output by Cost Type (EUR Million), 2015-2020 Table 21: Italian Industrial Construction Output by Activity Type (EUR Million), 2011-2015 Table 22: Italian Industrial Construction Output by Activity Type (EUR Million), 2015-2020 Table 23: Italian Industrial Construction Value Add by Project Type (EUR Million), 2011-2015 Table 24: Italian Industrial Construction Value Add by Project Type (EUR Million), 2015-2020 Table 25: Italian Infrastructure Construction Output by Project Type (EUR Million), 2011-2015 Table 26: Italian Infrastructure Construction Output by Project Type (EUR Million), 2015-2020 Table 27: Italian Infrastructure Construction Output by Cost Type (EUR Million), 2011-2015 Table 28: Italian Infrastructure Construction Output by Cost Type (EUR Million), 2015-2020 Table 29: Italian Infrastructure Construction Output by Activity Type (EUR Million), 2011-2015 Table 30: Italian Infrastructure Construction Output by Activity Type (EUR Million), 2015-2020 Table 31: Italian Infrastructure Construction Value Add by Project Type (EUR Million), 2011-2015 Table 32: Italian Infrastructure Construction Value Add by Project Type (EUR Million), 2015-2020 Table 33: Italian Energy and Utilities Construction Output by Project Type (EUR Million), 2011-2015 Table 34: Italian Energy and Utilities Construction Output by Project Type (EUR Million), 2015-2020 Table 35: Italian Energy and Utilities Construction Output by Cost Type (EUR Million), 2011-2015 Table 36: Italian Energy and Utilities Construction Output by Cost Type (EUR Million), 2015-2020 Table 37: Italian Energy and Utilities Construction Output by Activity Type (EUR Million), 2011-2015 Table 38: Italian Energy and Utilities Construction Output by Activity Type (EUR Million), 2015-2020 Table 39: Italian Energy and Utilities Construction Value Add by Project Type (EUR Million), 2011-2015 Table 40: Italian Energy and Utilities Construction Value Add by Project Type (EUR Million), 2015-2020 Table 41: Italian Institutional Construction Output by Project Type (EUR Million), 2011-2015 Table 42: Italian Institutional Construction Output by Project Type (EUR Million), 2015-2020 Table 43: Italian Institutional Construction Output by Cost Type (EUR Million), 2011-2015 Table 44: Italian Institutional Construction Output by Cost Type (EUR Million), 2015-2020 Table 45: Italian Institutional Construction Output by Activity Type (EUR Million), 2011-2015 Table 46: Italian Institutional Construction Output by Activity Type (EUR Million), 2015-2020 Table 47: Italian Institutional Construction Value Add by Project Type (EUR Million), 2011-2015 Table 48: Italian Institutional Construction Value Add by Project Type (EUR Million), 2015-2020 Table 49: Italian Residential Construction Output by Project Type (EUR Million), 2011-2015 Table 50: Italian Residential Construction Output by Project Type (EUR Million), 2015-2020 Table 51: Italian Residential Construction Output by Cost Type (EUR Million), 2011-2015 Table 52: Italian Residential Construction Output by Cost Type (EUR Million), 2015-2020 Table 53: Italian Residential Construction Output by Activity Type (EUR Million), 2011-2015 Table 54: Italian Residential Construction Output by Activity Type (EUR Million), 2015-2020 Table 55: Italian Residential Construction Value Add by Project Type (EUR Million), 2011-2015 Table 56: Italian Residential Construction Value Add by Project Type (EUR Million), 2015-2020 Table 57: Salini Impregilo S.p.A., Key Facts Table 58: Salini Impregilo S.p.A., Main Services Table 59: Salini Impregilo S.p.A., History Table 60: Salini Impregilo S.p.A., Key Employees Table 61: Astaldi S.p.A, Key Facts Table 62: Astaldi S.p.A, Main Services Table 63: Astaldi S.p.A, History Table 64: Astaldi S.p.A, Key Employees Table 65: Maire Tecnimont S.p.A., Key Facts Table 66: Maire Tecnimont S.p.A., Main Services Table 67: Maire Tecnimont S.p.A., History Table 68: Maire Tecnimont S.p.A., Key Employees Table 69: Impresa Pizzarotti & C. S.p.A., Key Facts Table 70: Impresa Pizzarotti & C. S.p.A., Main Services Table 71: Impresa Pizzarotti & C. S.p.A., History Table 72: Impresa Pizzarotti & C. S.p.A., Key Employees Table 73: Itinera S.p.A., Key Facts Table 74: Itinera S.p.A., Main Services Table 75: Itinera S.p.A., History Table 76: Itinera S.p.A., Key Employees Table 77: Timetric Construction Market Definitions
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