Feb 24 2010
Research and Markets (http://www.researchandmarkets.com/research/d1c794/the_future_of_cons) has announced the addition of the "The Future of Construction in Italy" report to their offering.
This report is the result of our extensive market, company and deals research covering the Italian construction market. It provides detailed segmentation of historic and forecast construction sales, segmented to market and category level; analysis of the leading Italian companies in the construction market; and analysis of the key financial deals involving construction players in Italy.
The Future of Construction in Italy provides both a top-level overview and detailed market, category and company-specific insights into Italy's construction industry environment. It is an essential tool for companies active across Italy's construction value chain and for new players considering entering Italy's construction market.
Construction Market Trends
- Importance of Construction Industry in Italian Economy: In Italy, production and employment of a significant number of economic sectors depend substantially on the activity of the construction industry. The construction industry purchases goods and services from 80% of all economic sectors in the country. It is estimated that each increase of 1 billion of demand in the construction industry triggers a turnover of 1.796 billion in the related sectors. Moreover, 1 billion worth of new business would create 23,600 new jobs, including 15,100 in construction and 8,500 in related activities. In terms of investment, construction accounts for 10.9% of the uses of GDP and 52.1% of gross fixed investment made in the country.
- Planned Infrastructure Projects by the Italian Government: Although the Italian Government has reduced funding for new infrastructure projects for 2009 by almost 14.2% in comparison to 2008, the plan is still to allocate 16.6 billion to the construction of much needed infrastructure. About 7.3 billion has been classified as new financing by the State and have been authorized, and the rest of the amount had already been set aside mostly for highway works during 2007. Out of the new financing, 2.5 billion has been earmarked for the State-owned Italian Railway and Shipping companies as well as for the national road and highway network. Hence, the road and railway infrastructure categories are expected to see reasonable growth in the near future.
Source: http://www.researchandmarkets.com