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France Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)

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    Report

  • 49 Pages
  • September 2024
  • Region: France
  • GlobalData
  • ID: 5765840

The Construction in France - Key Trends and Opportunities to 2028 (Q3 2024) report provides detailed market analysis, information, and insights into France’s construction industry, including :

  • France’s construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in France’s construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
The analyst expects the French construction industry to decline in real terms by 3.2% in 2024, after registering an annual marginal growth of 0.2% in 2023, owing to high energy prices, increasing insolvency, and a high budget deficit. According to Eurostat, the total gross fixed capital formation in construction declined by 3.3% year on year (YoY) in Q2 2024, preceded by Y-o-Y decline of 3.7% in Q1 2024 and 3% in Q4 2023. According to the National Institute of Statistics and Economic Studies (INSEE), the average residential and non-residential turnover index of the construction of buildings fell by 4.5% YoY in the first five months of 2024. Moreover, the total insolvency in the construction industry grew by 33.1% YoY in the first five months of 2024; preceded by an overall increase of 41.1% in 2023. The industry's performance will also be influenced by ongoing weakness in the residential sector, which has been declining since 2022, owing to a drop in residential permits.

Over the remainder of the forecast period, the construction industry's output is expected to recover at an average annual growth rate of 2.1% between 2025 and 2028, supported by investments in the industrial, and infrastructure sectors, coupled with the government's aim to achieve carbon neutrality by 2050. France plans to increase its renewable energy generation capacity to 175GW by 2035. This includes substantial growth targets for solar, offshore wind, and hydropower capacities, aiming for 75-100GW, 18GW, and 28GW respectively by 2035. In line with this, in July 2024, the European Commission (EC) approved EUR10.8 billion ($11.1 billion) for supporting the deployment of offshore wind energy and green transition, including the construction of two offshore wind farms with a capacity of 1.2GW and 1.6GW in Southern France and Normandy respectively.

Scope

This report provides a comprehensive analysis of the construction industry in France. It provides :

  • Historical (2019-2023) and forecast (2024-2028) 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 analyst'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 analyst'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 Summary2 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
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
  • About the Analyst
  • Contact the Publisher
List of Tables
Table 1: Construction Industry Key Data
Table 2: France, Key Economic Indicators
Table 3: France, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: France, Top Commercial Construction Projects by Value
Table 5: France, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: France, Top Industrial Construction Projects by Value
Table 7: France, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: France, Top Infrastructure Construction Projects by Value
Table 9: France, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: France, Top Energy and Utilities Construction Projects by Value
Table 11: France, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: France, Top Institutional Construction Projects by Value
Table 13: France, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: France, Top Residential Construction Projects by Value
Table 15: France, Key Contractors
Table 16: France, Key Consultants
Table 17: France, Construction Output Value (Real, $ Million)
Table 18: France, Construction Output Value (Nominal, EUR Million)
Table 19: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2022-28
Figure 2: France, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: France, Risk Summary
Figure 4: France, Risk Regional Comparison
Figure 5: France, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: France, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: France, Construction Value Add (EUR Million, 2015 Chained Prices)
Figure 8: France, Gross Fixed Capital Formation, (EUR Million, at 2015 Chained Prices)
Figure 9: France, Turnover Index of Residential and Non-Residential Buildings (2021=100)
Figure 10: France, Materials Costs in Construction of Buildings Index (2021=100)
Figure 11: France, Consumer Confidence Index, Seasonally Adjusted
Figure 12: France, Business Climate Composite Index
Figure 13: France, Total Authorized Floor Area in m2 Index (2021=100)
Figure 14: France, Total Number of People Employed in the Construction Sector Index (2021=100)
Figure 15: France, Construction Producer Price Index (2021=100)
Figure 16: France, Construction Production Index (2021=100)
Figure 17: France, Construction Projects Momentum Index
Figure 18: Western Europe, Construction Projects Momentum Index
Figure 19: France, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 20: France, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 21: France, Wholesale and Retail Trade Activities Value Add (EUR Million, 2015 Chained Prices)
Figure 22: France, Total Authorized Floor Area of Office Premises, in m2
Figure 23: France, Number of Nights Spent at Hotels
Figure 24: France, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 25: France, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: France, Manufacturing Value Add (EUR Million, 2015 Chained Prices)
Figure 27: France, Total Authorized Floor Area of Industrial Premises, in m2
Figure 28: France, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 29: France, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: France, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 31: France, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: France, Information and Communication Value Add (EUR Million, 2015 Chained Prices)
Figure 33: France, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 34: France, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 35: France, Public Administration, Defense, Education, Human Health and Social Work Activities Value Add (EUR Million, 2015 Chained Prices)
Figure 36: France, Total Floor Area of Premises Authorized for Education and Research Public Service Premises, in m2
Figure 37: France, Total Floor Area of Premises Authorized for Health Public Service Premises, in m2
Figure 38: France, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 39: France, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 40: France, Real Estate Value Add (EUR Million, 2015 Chained Prices)
Figure 41: France, Total Floor Area of Authorized Dwellings, in m2
Figure 42: France, House Price Index, Seasonally Adjusted (2015=100)
Figure 43: France, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 44: France, Headquarters of Key Consultants (% of Total Project Pipeline)