Construction in Italy - Key Trends and Opportunities to 2018

Published: Apr, 2014 | Pages: 79 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This report provides detailed market analysis, information and insights into the Italian construction industry including:
The Italian construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type within Italy
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Italian construction industry
Analyzing the profiles of the leading operators in the Italian construction industry.
Data highlights of the largest construction projects in Italy.  

Summary
The value of the Italian construction industry declined during 2007-2013; the size of the industry, in real value-add terms, in 2013 was just 73% of the level recorded in 2007. The industry's total output registered a compound annual growth rate (CAGR) of -1.55% in nominal terms during the review period (2009-2013). Weak economic conditions across the eurozone, high unemployment, low wage growth and public spending cuts contributed to this decline. The construction industry is expected to fare slightly better over the forecast period (2014-2018), as a result of an anticipated economic recovery in Europe, the Italian government's focus on infrastructure construction, increased investor sentiments and improved export demand. The industry is expected to record a forecast-period CAGR of 0.76%. 
Scope
This report provides a comprehensive analysis of the construction industry in Italy. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Italy using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Italy 
Reason 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 Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors  
Key Highlights
 Italy's construction industry has been in decline since 2008, with output value in real terms in 2013 being equivalent to around 76% of that recorded in 2007. In real value-add terms, the industry contracted by 5.9% in 2013, following an average annual decline of 5.4% in the preceding four years. High unemployment rates, low wage growth and public spending cuts have contributed to this downturn, particularly in the institutional, residential and commercial construction markets. Declining property prices have also reduced household wealth.
The forecast-period outlook for construction in Italy is expected to fare slightly better, due to improving consumer and investor confidence, and positive developments in regional and global economic conditions. The Italian government is promoting the development of its construction industry to support economic growth, maintain employment levels and help improve living conditions.
Despite austerity measures, the government is investing in infrastructure projects due to the nation's hosting of the 2015 World Expo. The government has announced various infrastructure projects, such as the Leonardo da Vinci-Fiumicino Airport terminal expansion project, the Bari-Taranto High-Speed Railway Line Duplication project and the Autostrada Val di Sambro Tunnel  project to improve bridges, ports, roads, highways, airports, railways and power supplies, which will ultimately lead to the all-round development and modernization of the country's infrastructure.
In 2013, the Italian government allocated EUR2 billion (US$2.7 billion) to the expansion and improvement of regional highways, and the maintenance of the country's rail network and other infrastructure developments. The amount will be spent over 2013-2017. The need for enhanced transport facilities across the country will lead to improvements in the country's infrastructure construction over the forecast period.
Urbanization trends will continue to provide some support for residential construction. According to the World Bank, the country's urban population as a proportion of the total population increased from 67.2% in 2000 to 68.6% in 2012. According to the Central Intelligence Agency (CIA), the country's urban population is expected to increase at a similar pace over the forecast period; the rate of urbanization is expected to grow by 0.5% annually until 2015.

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: Saipem SpA
8.1 Saipem SpA - Company Overview
8.2 Saipem SpA - Business Description
8.3 Saipem SpA - Main Services
8.4 Saipem SpA - History
8.5 Saipem SpA - Company Information
8.5.1 Saipem SpA - key competitors
8.5.2 Saipem SpA - key employees
9 Company Profile: Atlantia SpA
9.1 Atlantia SpA - Company Overview
9.2 Atlantia SpA - Business Description
9.3 Atlantia SpA - Main Services
9.4 Atlantia SpA - History
9.5 Atlantia SpA - Company Information
9.5.1 Atlantia SpA - key competitors
9.5.2 Atlantia SpA - key employees
10 Company Profile: Astaldi SpA
10.1 Astaldi SpA - Company Overview
10.2 Astaldi SpA - Business Description
10.3 Astaldi SpA - Main Services
10.4 Astaldi SpA - History
10.5 Astaldi SpA - Company Information
10.5.1 Astaldi SpA - key competitors
10.5.2 Astaldi SpA - key employees
11 Company Profile: Maire Tecnimont SpA
11.1 Maire Tecnimont SpA - Company Overview
11.2 Maire Tecnimont SpA - Business Description
11.3 Maire Tecnimont SpA - Main Services
11.4 Maire Tecnimont SpA - History
11.5 Maire Tecnimont SpA - Company Information
11.5.1 Maire Tecnimont SpA - key competitors
11.5.2 Maire Tecnimont SpA - key employees
12 Company Profile: Salini Impregilo SpA
12.1 Salini Impregilo SpA. - Company Overview
12.2 Salini Impregilo SpA - Business Description
12.3 Salini Impregilo SpA - Main Services
12.4 Salini Impregilo SpA - History
12.5 Salini Impregilo SpA - Company Information
12.5.1 Salini Impregilo SpA - key competitors
12.5.2 Salini Impregilo SpA - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is this Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - Qatar Holding - Costa Smeralds Tourism Complex - Sardinia
Table 3: Commercial Construction Project 2 - SIG - Store of Bolzano - South Tyrol
Table 4: Commercial Construction Project 3 - WDC/Stilo - Milan Regiol Shopping Centre - Lombardy Region
Table 5: Industrial Construction Project 1 - Matrica - Porto Torres Bio Chemical Complex - Sardinia
Table 6: Industrial Construction Project 2 - Fiat/Peugeot - SevelSud Plant Expansion - Italy
Table 7: Industrial Construction Project 3 - PMI - Bolog Tobacco Manufacturing Facility - Italy
Table 8: Infrastructure Construction Project 1 - LTF - Turin-Lyon High Speed Railway Line - Italy
Table 9: Infrastructure Construction Project 2 - MoIT - E45 Orte-Mestre Motorway - Italy
Table 10: Infrastructure Construction Project 3 - RFI - Milan to Genoa High Speed Railway Line - Italy
Table 11: Institutiol Construction Project 1 - APoT - Trento New Hospital Pole - Trentino
Table 12: Institutiol Construction Project 2 - Azienda - Treviso Hospital Development - Italy
Table 13: Institutiol Construction Project 3 - BU - Milan Bocconi New Campus Development - Italy
Table 14: Residential Construction Project 1 - BPD - Milanosesto Mixed-Use Development - Milan
Table 15: Residential Construction Project 2 - CLS - City Life Fiera Milano Urban Redevelopment - Milan
Table 16: Saipem SpA, Key Facts
Table 17: Saipem SpA, Main Services
Table 18: Saipem SpA, History
Table 19: Saipem SpA, Key Employees
Table 20: Atlantia SpA, Key Facts
Table 21: Atlantia SpA, Main Services
Table 22: Atlantia SpA, History
Table 23: Atlantia SpA, Key Employees
Table 24: Astaldi SpA, Key Facts
Table 25: Astaldi SpA, Main Services
Table 26: Astaldi SpA, History
Table 27: Astaldi SpA, Key Employees
Table 28: Maire Tecnimont SpA, Key Facts
Table 29: Maire Tecnimont SpA, Main Services
Table 30: Maire Tecnimont SpA - History
Table 31: Maire Tecnimont SpA, Key Employees
Table 32: Salini Impregilo SpA, Key Facts
Table 33: Salini Impregilo SpA, Main Services
Table 34: Salini Impregilo SpA - History
Table 35: Salini Impregilo SpA, Key Employees
Table 36: Italian Construction Output by Project Type (EUR Million), 2009-2013
Table 37: Italian Construction Output by Project Type (EUR Million), 2013-2018
Table 38: Italian Construction Output by Cost Type (EUR Million), 2009-2013
Table 39: Italian Construction Output by Cost Type (EUR Million), 2013-2018
Table 40: Italian Construction Output by Activity Type (EUR Million), 2009-2013
Table 41: Italian Construction Output by Activity Type (EUR Million), 2013-2018
Table 42: Italian Construction Value Add by Project Type (EUR Million), 2009-2013
Table 43: Italian Construction Value Add by Project Type (EUR Million), 2013-2018
Table 44: Italian Commercial Construction Output by Project Type (EUR Million), 2009-2013
Table 45: Italian Commercial Construction Output by Project Type (EUR Million), 2013-2018
Table 46: Italian Commercial Construction Output by Cost Type (EUR Million), 2009-2013
Table 47: Italian Commercial Construction Output by Cost Type (EUR Million), 2013-2018
Table 48: Italian Commercial Construction Output by Activity Type (EUR Million), 2009-2013
Table 49: Italian Commercial Construction Output by Activity Type (EUR Million), 2013-2018
Table 50: Italian Commercial Construction Value Add by Project Type (EUR Million), 2009-2013
Table 51: Italian Commercial Construction Value Add by Project Type (EUR Million), 2013-2018
Table 52: Italian Industrial Construction Output by Project Type (EUR Million), 2009-2013
Table 53: Italian Industrial Construction Output by Project Type (EUR Million), 2013-2018
Table 54: Italian Industrial Construction Output by Cost Type (EUR Million), 2009-2013
Table 55: Italian Industrial Construction Output by Cost Type (EUR Million), 2013-2018
Table 56: Italian Industrial Construction Output by Activity Type (EUR Million), 2009-2013
Table 57: Italian Industrial Construction Output by Activity Type (EUR Million), 2013-2018
Table 58: Italian Industrial Construction Value Add by Project Type (EUR Million), 2009-2013
Table 59: Italian Industrial Construction Value Add by Project Type (EUR Million), 2013-2018
Table 60: Italian Infrastructure Construction Output by Project Type (EUR Million), 2009-2013
Table 61: Italian Infrastructure Construction Output by Project Type (EUR Million), 2013-2018
Table 62: Italian Infrastructure Construction Output by Cost Type (EUR Million), 2009-2013
Table 63: Italian Infrastructure Construction Output by Cost Type (EUR Million), 2013-2018
Table 64: Italian Infrastructure Construction Output by Activity Type (EUR Million), 2009-2013
Table 65: Italian Infrastructure Construction Output by Activity Type (EUR Million), 2013-2018
Table 66: Italian Infrastructure Construction Value Add by Project Type (EUR Million), 2009-2013
Table 67: Italian Infrastructure Construction Value Add by Project Type (EUR Million), 2013-2018
Table 68: Italian Institutiol Construction Output by Project Type (EUR Million), 2009-2013
Table 69: Italian Institutiol Construction Output by Project Type (EUR Million), 2013-2018
Table 70: Italian Institutiol Construction Output by Cost Type (EUR Million), 2009-2013
Table 71: Italian Institutiol Construction Output by Cost Type (EUR Million), 2013-2018
Table 72: Italian Institutiol Construction Output by Activity Type (EUR Million), 2009-2013
Table 73: Italian Institutiol Construction Output by Activity Type (EUR Million), 2013-2018
Table 74: Italian Institutiol Construction Value Add by Project Type (EUR Million), 2009-2013
Table 75: Italian Institutiol Construction Value Add by Project Type (EUR Million), 2013-2018
Table 76: Italian Residential Construction Output by Project Type (EUR Million), 2009-2013
Table 77: Italian Residential Construction Output by Project Type (EUR Million), 2013-2018
Table 78: Italian Residential Construction Output by Cost Type (EUR Million), 2009-2013
Table 79: Italian Residential Construction Output by Cost Type (EUR Million), 2013-2018
Table 80: Italian Residential Construction Output by Activity Type (EUR Million), 2009-2013
Table 81: Italian Residential Construction Output by Activity Type (EUR Million), 2013-2018
Table 82: Italian Residential Construction Value Add by Project Type (EUR Million), 2009-2013
Table 83: Italian Residential Construction Value Add by Project Type (EUR Million), 2013-2018
Table 84: Timetric Construction Market Definitions