Construction in France – Key Trends and Opportunities to 2023

2019-07-22
Price :
Published : Jul-2019
No. of Pages : 51

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.

Filed in: Manufacturing
Publisher : GlobalData
More Reports
Title Price Buy Now

Conveyor System Market by Industry (Retail & Distribution, Food & Beverage, Automotive, Electronic, Mining, & Airport), Type (Belt, Roller, Overhead, Floor, Pallet, Crescent, Cable, Bucket) Component, Operation & Region – Global Forecast to 2027

“Higher adoption of customized-automated material handling solution in various end-use industries and rising demand for handling larger volumes of goods are set to drive the conveyor system market” The global conveyor system market size is projected to reach USD 12.7 billion by 2027, from an estimated value of USD 9.4 billion in 2022, at a CAGR of 6.0%.Higher adoption of customized-automated material handling solution based upon niche specifications in various end-use industries and rising demand for handling larger volumes of goods are the driving factors that are expected to boost the conveyor system market. The constant investments in R&D by conveyor system manufacturers accompanied with growing supply chain network is to fuel the demand for conveyor solution in the forecast ......
$4950

Cryogenic Pump Market by Orientation, Design (Submersible, Non-Submersible), Type, Cryogen (Nitrogen, Argon, Oxygen, LNG, Helium, Hydrogen), End User (Energy & Power, Chemicals, Metallurgy, Healthcare & Pharmaceuticals) & Region – Global forecast to 2027

The cryogenic pump market is expected to reach USD 1.5 billion by 2027, at a CAGR of 4.6% from 2022 to 2027 The global cryogenic pump market is projected to reach USD 1.5 billion by 2027 from an estimated market size of USD 1.2 billion in 2022, at a CAGR of 4.6% during the forecast period.Owing to the rising demand for cryogenic gases from the metallurgy and energy & power industries, the demand for cryogenic pumps is expected to increase. “Non-Submersible segment dominates the global market” The cryogenic pump market, by design, is segmented into submersible and non-submersible. The non-submersible segment is estimated to be the largest segment of the cryogenic pump market and is expected to retain its dominance throughout the forecast period. The characteristics such as ......
$4950

Ceiling Tiles Market by Material Type (Mineral Fiber, Metal, Gypsum, Others), Property Type (Acoustic, Non-Acoustic), End-User (Non-Residential, Residential) and Region (North America, Europe, APAC, MEA, and South America) – Global Forecast to 2027

“The ceiling tiles market is projected to register a CAGR of 6.8% during the forecast period.” The ceiling tiles market is estimated to be USD 8.4 billion in 2022 and is projected to reach USD 11.7 billion by 2027, at a CAGR of 6.8% between 2022 and 2027. The increasing demand for ceiling tiles from building & construction industry is one of the major factors to drive the growth of the ceiling tiles market. Excellent properties of ceiling tiles such as improved sound absorption capability, easy installation and recyclability are also propelling the growth of the ceiling tiles market. However, the negative impact of the pandemic across all the end-users has affected the ceiling tiles market adversely. “Increasing demand for ceiling tiles for construction of green buildings i......
$4950

Floor Grinding Tools Market by Application (Grinding, Honing, Polishing, Burnishing), Floor Type (Concrete, Wood, Marble), Polishing Type (Dry Polishing, Wet Polishing), Region( North America, Europe, APAC, MEA, RoW) – Global Forecast to 2027

The global floor grinding tools market size is projected to grow from USD 124 million in 2022 to USD 155 million by 2027, at a CAGR of 4.5% from 2022 to 2027.The growth of the floor grinding tools market is attributed to their high demand in griding, polishing and burnishing applications. Demand for commercial spaces such as offices, shopping malls, educational institutions and retail outlets will drive the demand for floor grinding tools  for commercial purposes. “Diamong wings sub-segment under the grinding segment to be the largest application of floor grinding tools ” Diamond wings, diamond plates, and polycrystalline diamond (PCD) wings tools are widely used in floor grinding operations. Diamond is considered a super hard material, and diamond tooling has many advantages c......
$4950

Hygroscopic Building Material Market by Adsorption Process, End Use, Type (Inorganic Minerals, Inorganic Salts, Natural Materials, Molecular Sieve, Silica/Silicon Dioxide), Application (Building Material, Structural) and Region – Global Forecast to 2027

The global hygroscopic building material market is projected to register a CAGR of 6.5% between 2022 and 2027, in terms of value. The global hygroscopic building material market size is projected to grow from USD 818 million in 2022 to USD 1,120 million by 2026, at a CAGR of 6.5% between 2022 and 2027. Rising demand from emerging markets and growth of construction industry globally are expected to offer significant growth opportunities to manufacturers of hygroscopic building material. “Inorganic Minerals/Clays accounted for the largest share in the hygroscopic building material market in terms of value.” The inorganic minerals/clays segment dominated the overall hygroscopic building material market, with a share of 34% in terms of value, in 2021. The market size of the inorga......
$4950

Cross Laminated Timber (CLT) Market Size by Type (Adhesive bonded, Mechanically fastened), End-use (Structural, Non-structural), Industry (Residential, Non-residential) and Region (Asia Pacific, North America, Europe, RoW) – Global Forecast to 2027

“The global cross laminated timber market size is projected to register a CAGR of 14.5%, in terms of value, between 2020 and 2027.” The global cross laminated timber market size was USD 1.1 billion in 2021 and is projected to grow at a CAGR of 14.5% during the forecast period to reach USD 2.5 billion by 2027. Advanced design flexibility and quicker implementation methods in manufacturing of cross laminated timbers are expected to drive the market. “The residential of the industry segment is projected to have high demand in the cross laminated timber market in the year 2027.” Increased consumer demand for luxurious and modern residences is projected to lead to the growth of the market. The market is expected to grow due to the increased utilization of CLT in residential app......
$4950

Diaphragm Pumps Market by Mechanism (Air Operated and Electrically Operated), Operation (Single Acting and Double Acting), Discharge Pressure (Up to 80 Bar, 81 to 200 Bar & above 200 Bar), End User and Region – Global Trends & Forecast to 2027

“The growth of the water and wastewater treatment industry, and spurt in oil & gas activities are set to drive the diaphragm pumps market” The diaphragm pumps market is projected to reach USD 7.6 billion by 2027 from an estimated USD 6.1 billion in 2022, at a CAGR of 4.5% during the forecast period. The global diaphragm pumps market has a promising growth potential driven primarily by factors such as the growth of the water and wastewater treatment industry, as well as the spurt in oil & gas activities globally. A diaphragm pump is a type of positive displacement pump which consists of one or more pumping chambers alternately filled and discharged by the movement of a flexible diaphragm. Hence, liquid flows inside a diaphragm pump with cyclic flow.This cyclic action of th......
$4950

Floor Grinding Machines Market by Floor Type (Marble & Limestone, Concrete, Granite), Machine Configuration (Single Disc, Tri & Quad Disc), End User (Residential, Non-residential), Distribution Channel and Region – Global Forecast to 2027

“Increasing demand for concrete flooring to augment the growth for floor grinding machines” The global floor grinding machines market size is projected to grow from USD 303 million in 2022 to USD 356 million by 2027, at a CAGR of 3.3% from 2022 to 2027. The growth of the floor grinding machines market is attributed to their high demand in residential, commercial, and industrial sectors. Demand for commercial spaces such as offices, shopping malls, educational institutions and retail outlets will drive the demand for floor grinding machines for commercial purposes. Concrete floor grinding machines are not only used for grinding concrete floors but are also used for polishing marble and granite countertops. The ability of these machines to work on concrete and other materials, incl......
$4950

Synthetic Paper Market by Raw Material (BOPP, HDPE, PET, and PVC), Application (Printing, Labels & Tags, Packaging), End-use Industry (Industrial, Institutional, and Commercial/Retail) and Geography – Global Forecast to 2027

The growth of the global synthetic paper market is directly related to the strict government regulation against deforestation which results in high demand for conventional resources. For over more four decades, the global demand for paper has increased by 400%, with harvested trees accounting for 35% of all paper produced. The environmentally friendly manufacturing and recyclable nature of synthetic paper will help it gain market share in the forecasted period. The increasing population and urbanization in different world regions are the major determinants of the global synthetic paper market growth. The rise of China as a global manufacturing powerhouse has increased the demand for synthetic paper globally. The global synthetic paper market size is estimated at USD 766 million in 2021 ......
$4950

Concrete Repair Mortars Market by Type (PMC and Epoxy Based),Application Method (Hand/Trawling, Spraying,Pouring),End-use Industry (Buildings & Car parks, Road Infrastructure, Utility, Marine), Grade and Region – Global Forecast to 2026

“The concrete repair mortars market is projected to witness a CAGR of 8.7% during the forecast period.” The concrete repair mortars market is projected to grow from USD 2.6 billion in 2021 to USD 4.0 billion by 2026, at a CAGR of 8.7%. The high growth is attributed to rising pressure on the existing infrastructure due to rise in population. Concrete repair mortars are materials used in replacing corroded concrete in the existing structures, which helps in improving the lifespan of the structures. “Buildings & carparks—the largest end-use industry in the overall concrete repair mortars market.” Buildings& carparks is projected to be the largest end-use industry of the concrete repair mortars market. The large market size for this segment is attributed to high need......
$4950
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