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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 (Q4 2024)

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    Report

  • 50 Pages
  • December 2024
  • Region: France
  • GlobalData
  • ID: 5765840

The Construction in France - Key Trends and Opportunities to 2028 (Q4 2024) report provides detailed market analysis, information and insights into the French construction industry, including:

  • The French 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 the French 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 construction industry in France is estimated to decline in real terms by 3.2% in 2024 and register marginal growth of 0.9% in 2025, owing to high energy prices, elevated inflation and a budget deficit that needs to be resolved. According to the National Institute of Statistics and Economic Studies (INSEE), the business climate index declined by 2.9% year on year (YoY) in the first ten months of 2024, following a 4.4% drop in 2023. Furthermore, the average residential and non-residential turnover index of the construction of buildings fell by 5.7% YoY in the first eight months of 2024 according to INSEE. The construction industry's performance will also be constrained by ongoing weakness in the residential sector, which has been declining since 2022, owing to a drop in residential permits. According to the INSEE, the total floor area of authorized dwellings fell by 15.7% YoY in the first nine months of 2024; preceded by an annual decline of 27.3% in 2023.

In response to a warning from the European Union (EU) about France’s rising public-sector deficit, which is expected to exceed 6.1% of GDP in 2024, the government presented a draft 2025 Budget in October 2024, aimed at reducing the deficit with EUR60.6 billion ($63.6 billion) in spending cuts and tax hikes. These measures include cuts to apprenticeships, environmental programs, foreign aid and reducing government jobs. The budget also includes higher taxes on large corporations, especially in the construction sector, and temporary taxes on defense, airlines, and shipping companies. Vinci, for example, expects to pay an additional EUR400 million ($424 million) in taxes in 2025. But, due to the collapse of Prime Minister Michel Barnier’s government, following the no confidence vote in December 2024, President Emmanuel Macron must appoint a new prime minister

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 our 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 business strategies 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, 2020 Chained Prices)
Figure 8: France, Gross Fixed Capital Formation, (EUR Million, at 2020 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, Construction Producer Price Index (2021=100)
Figure 15: France, Construction Production Index (2021=100)
Figure 16: France, Labor Input Cost in Construction, Wages and Salaries (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, 2020 Chained Prices)
Figure 22: France, Total Authorized Floor Area of Office Premises, in m2
Figure 23: France, Wholesale and Retail Trade Sales Volume Index (2020=100)
Figure 24: France, Number of Nights Spent at Hotels
Figure 25: France, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 26: France, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: France, Manufacturing Value Add (EUR Million, 2020 Chained Prices)
Figure 28: France, Total Authorized Floor Area of Industrial Premises, in m2
Figure 29: France, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 30: France, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: France, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 32: France, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: France, Information and Communication Value Add (EUR Million, 2020 Chained Prices)
Figure 34: France, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 35: France, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 36: France, Public Administration, Defense, Education, Human Health and Social Work Activities Value Add (EUR Million, 2020 Chained Prices)
Figure 37: France, Total Floor Area of Premises Authorized for Education and Research Public Service Premises, in m2
Figure 38: France, Total Floor Area of Premises Authorized for Health Public Service Premises, in m2
Figure 39: France, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 40: France, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 41: France, Real Estate Value Add (EUR Million, 2020 Chained Prices)
Figure 42: France, Total Floor Area of Authorized Dwellings, in m2
Figure 43: France, House Price Index, Seasonally Adjusted (2015=100)
Figure 44: France, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 45: France, Headquarters of Key Consultants (% of Total Project Pipeline)