France Construction Market by Type (Renovation and New Construction), and by Sector (Real Estate, Infrastructure, and Industrial)–Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Construction & Manufacturing | Publish Date: 31-Oct-2024 | No of Pages: 111 | No. of Tables: 78 | No. of Figures: 43 | Format: PDF | Report Code : CM2199
France Construction Market Overview
The France Construction Market size was valued at USD 296.27 billion in 2023, and is predicted to reach USD 394.85 billion by 2030, at a CAGR of 4.9% from 2024 to 2030.
The construction market, also known as infrastructure, plays a crucial role in driving economic growth by managing the entire spectrum of activities from initial planning to ongoing maintenance of diverse physical structures, including infrastructure, buildings, and facilities. This sector encompasses a wide range of projects, covering residential, commercial, industrial, civil engineering, and institutional infrastructure developments.
It involves collaboration among various stakeholders, such as architects, engineers, contractors, suppliers, developers, investors, and government agencies. Positioned for growth, the industry is fueled by an increasing emphasis on environmentally sustainable practices like incorporating green building materials and energy-efficient designs. Additionally, factors such as rising per capita income in emerging economies and low-interest rates in developed nations are expected to further boost the expansion of the infrastructure market.
Rising Environmental Awareness Drives Transformation in France's Infrastructure Sector
The construction market in France is undergoing a significant transformation fueled by increasing environmental consciousness and the implementation of sustainability and energy efficiency regulations. This growing awareness is driving demand for eco-friendly infrastructure practices, leading to innovation within the sector.
A notable example is the Eolmed project, a 30-MW wind farm initiative by TotalEnergies, a leading global energy corporation. Commencing infrastructure in May 2022 in the Occitan region, this project exemplifies the industry's commitment to sustainable development and contributes to the growth of France's construction market.
Surge in Building and Infrastructure Initiatives Propels Growth in France's Infrastructure Market
The construction market in France is experiencing a significant upswing, propelled by the increasing number of building and infrastructure initiatives. Notable projects launched in 2023 include the France-Ireland Celtic Electrical Interconnector, IFSC-France Subsea Cable Link, Tours University Hospital Expansion, PET Plastics Biorecycling Plant, and Rue Gambetta Senior Residency Redevelopment. These substantial endeavors play a vital role in expanding the construction market within the country.
Navigating Regulatory Complexities is a Barrier to Infrastructure Market Growth
The infrastructure market faces significant hurdles due to stringent regulatory frameworks. Infrastructure ventures encounter obstacles stemming from a complex network of government regulations and permitting processes. Infrastructure projects require securing numerous permits and approvals from governmental bodies at local, regional, and national levels.
These permissions encompass zoning regulations, environmental assessments, compliance with building codes, safety standards, and various regulatory requirements. Lengthy permit acquisition processes, bureaucratic inefficiencies, and regulatory disparities among jurisdictions can substantially prolong project timelines and inflate costs. Moreover, fluctuations in regulations or unexpected policy changes can disrupt ongoing projects and deter potential investments.
For instance, the United States Environmental Protection Agency (EPA) oversees various aspects of the infrastructure sector, including air quality, lead management, waste disposal, and water regulations. The EPA's compliance assistance centers provide resources to facilitate environmental compliance during demolition activities, the recycling of infrastructure materials, and the proper disposal of refrigeration and air-conditioning equipment.
Integration of Digitalization and BIM Presents Lucrative Opportunity for Market Expansion
The infrastructure sector is undergoing a significant transformation with the integration of digitalization and the adoption of Building Information Modeling (BIM), leveraging advanced technologies to enhance efficiency, accuracy, and collaboration across various projects. BIM, an advanced 3D modeling tool, empowers stakeholders to generate and oversee digital renditions of structures and infrastructure, facilitating improved coordination and communication among project teams.
For example, in September 2022, the National Institute of Building Sciences (NIBS) launched the France National Building Information Management (BIM) Program, aiming to revolutionize the infrastructure industry and achieve unprecedented levels of industrial efficiency through digitalization. This initiative addresses the insufficient degree of digitalization within the France infrastructure sector, hindering the evolution of lifecycle work processes to become more efficient, cost-effective, resilient, and safer for infrastructure and maintenance.
Competitive Landscape
The market players operating in the France infrastructure industry include Vinci SA, Bouygues S.A., Eiffage S.A., Fayat Group, NGE SAS, Léon Grosse, Spie Batignolles, Demathieu Bard Group SAS, Implenia AG, Cogeis SpA, and others.
France Construction Market Key Segments
By Type
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Renovation
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New Construction
By Sector
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Real Estate
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Residential
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Affordable
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Luxury
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Commercial
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Retail Buildings
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Office Buildings
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Hospitality
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Healthcare Facilities
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Educational Institutes
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Entertainment Ventures
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-
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Infrastructure
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Transportation
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Airport
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Port
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Rail
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Road
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Water and Wastewater
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Energy
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Telecommunication
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Industrial
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Manufacturing Plant
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Warehouses
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Power Plants
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Oil Refineries
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Chemical Plants
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Key Players
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Vinci SA
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Bouygues S.A.
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Eiffage S.A.
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Fayat Group
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NGE SAS
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Léon Grosse
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Spie Batignolles
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Demathieu Bard Group SAS
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Implenia AG
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Cogeis SpA
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 296.27 Billion |
|
Revenue Forecast in 2030 |
USD 394.85 Billion |
|
Growth Rate |
CAGR of 4.9% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
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