CIC - Construction Intelligence Center

Italian Construction Sector Set to Recover Through to 2021

6 Sep 2017

Italy’s construction industry is expected to reach a value of US$286.7 billion in 2021 in real terms, measured at constant 2010 US dollar exchange rates, according to Timetric’s Construction Intelligence Center (CIC).

According to the report, construction sector growth over the forecast period to 2021 will be supported by the government’s focus on developing the country’s rail infrastructure. Additionally, the government’s efforts to increase the country’s energy generation capacity – with a special emphasis on renewable – are also expected to drive investments in energy infrastructure construction projects over the forecast period. 

Timetric believes that, over the longer-term, growth in Italy’s construction industry will be supported by improving regional and global economic conditions, which in turn is expected to restore investor confidence in the country and thereby drive funding towards construction projects. Moreover, the government’s efforts to revitalize the sluggish economy through the implementation of attractive policies, in order to boost foreign direct investments (FDIs) and tax incentives, is also expected to bode well for the industry over the forecast period. According to the United Nations Conference on Trade and Development (UNCTAD), the total value of FDI in the country rose by 49.8%, going from EUR17.4 billion (US$19.3 billion) in 2015 to EUR25.9 billion (US$29.0 billion) in 2016. This was preceded by an annual contraction of 16.8% in 2015.

Residential construction was the largest market in the industry during the review period, accounting for 56.3% of its total value in 2016. 

“The market is expected to maintain its position over the forecast period, supported by ongoing government efforts to boost the country’s housing sector through the elimination of taxes on the purchase of new homes. In addition, growing demand for housing units, owing to the ongoing urbanization in the country, is also expected to support the market’s expansion,” comments Danny Richards, Lead Economist at Timetric's CIC.

Accounting for 17.5% of the industry’s total value in 2016, infrastructure construction was the second-largest market during the review period. The market is expected to increase in importance over the forecast period, to account for 18.3% share of the industry’s total value in 2021. Forecast-period growth is expected to be supported by large-scale public sector investments in transport infrastructure projects so as to enhance regional connectivity and reduce traffic congestion in the country.

About this report

This information is taken from the Timetric report: ‘Construction in Italy- Key Trends and Opportunities to 2021’.

To find out more information about the report, please contact us at To purchase the full report, click here

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Source: Company Press Release