French Construction Industry Forecast Reveals Sector-by-Sector Analysis and Emerging Trends for 2023-2027 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “France Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market France, 2023-2027” report has been added to ResearchAndMarkets.com’s offering.
The latest market research report on the French construction market has been released, offering a comprehensive overview of the construction industry’s trajectory from 2023 through 2027. This thorough analysis provides insights into commercial, industrial, infrastructure, energy, and utilities, institutional, and residential sectors, alongside predictions for the industry’s development.
Market Forecast:
According to the insights gathered, the French construction industry is poised to encounter a slight downturn in the immediate future, with a projected decline in 2023 and 2024. This trend is attributed to a variety of economic pressures, including rising interest rates and wavering investor confidence. However, a resurgence is anticipated starting in 2025, powered by strategic government investments in renewable energy and industrial infrastructure initiatives aimed at achieving France’s carbon neutrality goals by 2050.
Key Sectors:
The residential sector appears to be facing a notable decrease in activity in the short term, marked by a decline in building permits issued. Despite this, the government’s commitment, as evinced through multi-billion Euro agreements for social housing construction and renovation, is expected to stimulate activity in the medium to long term.
Renewable Energy Initiatives:
A significant portion of the forecasted recovery in the construction industry is linked to France’s ambitious plans to expand renewable energy capacity. Solar, offshore wind, and hydropower capacities are all set for considerable enhancements, with emphatic support through government funding that includes a substantial investment in the development of EV charging infrastructure.
Government Investments:
- Construction of social housing supported by EUR 8 billion investment.
- Renovation initiatives receiving EUR 1.2 billion in partnership agreements.
- Deployment of electric vehicle charging stations fueled by EUR 70 billion.
- Industrial decarbonization projects backed with EUR 5.6 billion grants.
Strategic Developments:
The report also sheds light on the pipeline of mega-projects across various sectors within the French construction industry. This includes a detailed analysis of project stages, key participants, and significant investment forecasts. Moreover, the publication offers insights into the risks, opportunities, and industry trends that stakeholders and strategists should be aware of.
Market Opportunities:
For industry professionals and investors, this report is an invaluable resource that provides data-driven forecasts, enables the assessment of micro-level market growth potential, and assists in strategy formulation in the context of the French construction industry.
Risk and Competitive Pressures:
The research provides critical insight into the challenges faced by the construction industry in France. Regulatory influences, cost pressures, and competitive dynamics are examined to help businesses gauge potential risks effectively.
For more information about this report visit https://www.researchandmarkets.com/r/34ilp9
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