France Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q1 2025)

The Construction in France - Key Trends and Opportunities to 2029 (Q1 2025) 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 analyst expects the French construction industry to decline in real terms by 1.3% in 2025, owing to several headwinds caused by high interest rates, falling building permits, political instability in the country, and high budget deficit, coupled with lower construction activities and labor shortage in the country. According to Eurostat, the French construction industry’s value add fell by 3.2% year on year (YoY) in Q4 2024, preceded by Y-o-Y decline of 2.1% in Q3 and 2.9% in Q2 2024. According to Eurostat, the average construction production index declined by 3.7% YoY in 2024, by segments, the index for the construction of buildings fell by 7.2% YoY and that for specialized construction activities, it fell by 3.6% YoY and civil engineering by 2% YoY over the same period. Moreover, the total authorized floor area of the building index declined by 6.6% YoY in 2024, by segments, it fell by 15.1% YoY for residential buildings, over the same period. In February 2024, the government reported that it is targeting a budget deficit of 5 to 5.5% of GDP in 2025, compared to 6.1% estimated in 2024, which is still high compared to the European Union’s (EU) target of 3%.

Over the remainder of the forecast period, the construction industry is expected to recover and grow at an average annual rate of 2.6% from 2026 to 2029, driven by investments in the industrial and energy sectors, as well as the country's commitment to expand the data center infrastructure in the country. In line with this, in February 2025, the government announced plans to attract EUR109 billion ($115.9 billion) to support the artificial intelligence (AI) infrastructure in the country. This investment involves contributions from various companies, including a EUR20 billion ($21.3 billion) investment by Canadian investment firm Brookfield in collaboration with European data center developer Data4. The aim is to develop data center infrastructure in the country, and also increase its capacity from 375MW in 2024 to 1GW by 2030. The industry’s growth will also be supported by the government's aim to expand its renewable energy capacity to 175GW by 2035, with targets for solar (75-100GW), offshore wind (18GW), and hydropower (28GW). In line with this, in December 2024, the French government-owned electricity operator Enedis announced its plan to invest EUR53 billion ($56.4 billion) by 2040 to foster the energy transition in the country by investing in the development of overall energy infrastructure. The industry’s growth over the forecast period will also be driven by a EUR5.7 billion ($6.1 billion) investment from the French government in expanding local rail services in the Auvergne-Rhône-Alpes region. This investment aims to boost daily passenger traffic from 220,000 in 2023 to 300,000 by 2035.

Scope

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

Historical (2020-2024) and forecast (2025-2029) 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

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), 2020-29
Table 4: France, Top Commercial Construction Projects by Value
Table 5: France, Industrial Construction Output by Project Type (Real % Change), 2020-29
Table 6: France, Top Industrial Construction Projects by Value
Table 7: France, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: France, Top Infrastructure Construction Projects by Value
Table 9: France, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: France, Top Energy and Utilities Construction Projects by Value
Table 11: France, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: France, Top Institutional Construction Projects by Value
Table 13: France, Residential Construction Output by Project Type (Real % Change), 2020-29
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), 2023-29
Figure 2: France, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
Figure 3: France, Risk Summary
Figure 4: France, Risk Regional Comparison
Figure 5: France, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
Figure 6: France, Construction Output Value, by Sector (Real, $ Million), 2020-29
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, Labor Input Cost in Construction (2021=100)
Figure 15: France, Construction Production Index (2021=100)
Figure 16: France, Maintenance and Improvement of Buildings 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), 2020-29
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), 2020-29
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), 2020-29
Figure 30: France, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: France, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
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), 2020-29
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), 2020-29
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, Construction producer prices of new residential buildings, 2021=100 index, unadjusted
Figure 45: France, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 46: France, Headquarters of Key Consultants (% of Total Project Pipeline)

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The Construction in France - Key Trends and Opportunities to 2029 (Q1 2025) report provides detailed market analysis, information and insights into the French construction industry, including:

Scope

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

Reasons to Buy

Table of Contents

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