Dublin, Aug. 11, 2023 (GLOBE NEWSWIRE) -- The "France Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027" report has been added to ResearchAndMarkets.com's offering.
Following marginal annual growth of just 0.4% in 2022, the construction industry in France is expected to shrink by 2.4% in real terms this year, owing to headwinds caused by inflation, high construction material prices, rising interest rates, and supply chain disruptions.
This comprehensive report provides valuable insights into the growth prospects of the French construction industry, offering a detailed analysis of various markets, project types, and construction activities. Furthermore, the analysis of the mega-project pipeline offers a comprehensive overview of development stages and participants, accompanied by listings of major projects in the pipeline.
According to the National Institute of Statistics and Economic Studies (INSEE), the average construction materials cost index registered a year-on-year (Y-o-Y) increase of 15.6% in 2022 - which is up from an annual increase of 9.2% in 2021. The industry's output in 2023 will also be affected by a sharp decline in consumer confidence, and a downturn in the residential construction sector.
The industry is however expected to start to pick up in 2024, supported by investments on transport and renewable energy infrastructure projects together with the government focus on. To achieve its target to reduce greenhouse gas emissions by 35% in 2030 compared to 2015 levels, the government is focusing on increasing the capacity of renewable energy across the country.
In addition, as part of France's Recovery and Resilience Plan announced in September 2020, the government is focusing on achieving carbon neutrality by 2050. To support this, the government has plans for six new nuclear reactors, collectively accounting for 25GW, which will increase the total number of nuclear reactors from 56 as of January 2023 to 62 by 2036.
In addition, as part of the broad plan 'France Nation verte', the French Prime Minister announced a plan of investing EUR100 billion ($106.3 billion) in May 2023 for the expansion and upgrading of the rail network by 2040.
Scope
- Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in France, 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 the publisher'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 the publisher's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Key Topics Covered:
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
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/daog9q
Source: GlobalData
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