Welcome Guest | Register / Login

Construction in France - Key Trends and Opportunities to 2023

Construction in France - Key Trends and Opportunities to 2023

Summary

The French construction industry registered marginal growth in 2018, with output expanding by 1.1% in real terms - down from 3.5% in 2017. The pace of expansion was hampered by sluggish economic growth, which eased to 1.5% in 2018, compared to 2.3% growth in 2017, owing in part to a hike in fuel taxes and transporter's strikes. Investor confidence is also being undermined by political risks associated with the ‘yellow vests' protests. Although the number of protestors at the ‘yellow vests' rallies in France fell sharply by mid-2019, there are growing concerns over the impact on the economy from the disruption caused by the movement since it began late 2018. The protests were initially established to challenge fuel tax rises, but they escalated into a broader revolt against perceived elitism, with activists blaming the president, Emmanuel Macron.

The pace of growth in the French construction industry is expected to be weak over the forecast period (2019-2023), but there will be some support from investment in housing, transport, energy and tourism infrastructure projects. Moreover, construction work related to the hosting of the Olympic Games in 2024 is expected to support the industry output over the forecast period. The government plans to spend EUR6.8 billion (US$8 billion) to develop infrastructure related to the 2024 Olympic Games.

The government aims to reduce the country's dependency on coal and nuclear power for electricity generation, in order to reduce risk and carbon emission. The government plans to decrease the share of nuclear energy in the country's total energy mix from 75% in 2018 to 50% by 2035. To compensate this, the government is focusing on the development of renewable energy infrastructure.

The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 1.44% over the forecast period.

GlobalData's "Construction in France - Key Trends and Opportunities to 2023", 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.

Key Highlights

- GlobalData expects the residential construction market to retain its leading position over the forecast-period and account for 40.9% of the industry's total value in 2023, driven by rising residential building permits, the low housing loan interest rate and government efforts to balance housing demand and supply through the construction of affordable houses. In April 2019, the government signed an agreement with housing developers to build 110,000 social housing annually and renovate 125,000 houses during the period of 2020-2022.
- Energy and utilities construction market's forecast-period growth will be driven by the government's focus on renewable energy. Under the Plan de Programmation Pluriannuelle de l'Energie, the government plans to generate 40% of the country's total energy mix from renewable sources by 2030. Accordingly, the government plans to install 3GW of wind power plants during 2017-2023, and another 3GW during 2024-2030. The government also plans to install 18.4GW of solar energy power plants and 25GW of hydropower plants by 2023.
- GlobalData expects the infrastructure construction market to record a forecast-period CAGR of 2.64% in nominal terms, driven by the government's plan to connect major cities of the country with a fast railway network ahead of the 2024 Olympics. Accordingly, under the Grand Express Paris Express project, the government plans to build 200km of new metro lines with a total investment of EUR28.1 billion (US$33 billion) by 2024.
- Forecast-period growth in the institutional construction market will be driven by the government's focus on development of the healthcare infrastructure. In the 2019 budget, the government increased its spending on healthcare facilities by 2.5%, going from EUR80 billion (US$94.3 billion) in 2018 to EUR82 billion (US$95.4 billion) in 2019. Moreover, in September 2018, the government announced plans to spend EUR4.9 billion (US$5.7 billion) to modernize and digitalize healthcare infrastructure during the period of 2018-2022.
- The total construction project pipeline in France - as tracked by GlobalData, and including all mega projects with a value above US$25 million - stands at EUR338.1 billion (US$398.5 billion). The pipeline, which includes all projects from pre-planning to execution, is relatively skewed towards late stage projects, with 56.2% of the pipeline value being in projects in the late stages as of July 2019.

Scope

This report provides a comprehensive analysis of the construction industry in France. It provides -
- Historical (2014-2018) and forecast (2019-2023) 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 GlobalData'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 GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Single User License: Report will be emailed in PDF format and can be accessed by a specific user. This License type allows the report to be Printed.
Site License: Report will be emailed in PDF and  allows only employees within the same geographical location within the organization to access it. This License type allows the report to be Printed.
Global Site License: Report will be emailed in PDF format and allows all employees within the organization to access it.  This License type allows the report to be Printed.
Why http://www.marketreportsonline.com/
Construction in France - Key Trends and Opportunities to 2023
Published By :GlobalData
Price
How to Purchase
Purchase reports from our site in few easy clicks. Please follow the description given below to complete your purchase process.
Step 1:
Select the report title of your interest, and Click on Buy Now button next to the Price option.
Step 2:
You will arrive at the Purchase page, where you will be requested to Signup (New User) or Login (Registered User). Please note that in-keeping with the security check on the website, you must submit your full details to avoid any inconvenience arising from incorrectly entered data or counterfeit information.
Step 3:
After SignUp/Login, you will arrive at our Payment Page on Paypal. You will see your Order Summary as well as an option to Choose a way to pay. Select a Payment option from Pay with a Paypal account OR Pay with a Debit or Credit Card. MarketReportOnline accepts Visa, MasterCard, American Express and Discover through Paypal. Fill up the required details in the option of your choice.
Step 4:
Once you follow the required process in Step 3 as mentioned above, you have successfully completed the purchase process.
Step 5:
Once you have successfully completed the purchase process, you will receive a confirmation email. The report will then be emailed to you directly by the publisher, as per our agreement with the publisher. For Orders that are placed after working hours, the delivery of the reports will be made on the next business day. For orders that are placed during weekends, the delivery of the reports will be made on the next 'working' business day. Please note, if you select purchase by invoice, you will receive your report only once the payment has been received. If you have any queries about how to order, please Contact Us.
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy