Dublin, Oct. 02, 2024 (GLOBE NEWSWIRE) -- The "Ireland Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)" report has been added to ResearchAndMarkets.com's offering.
Construction industry in Ireland to shrink in real terms by 5.1% in 2024, due to high inflation, high interest rates, and elevated construction material prices.
According to Eurostat, the Irish construction industry's value add fell by 8.6% year-on-year (YoY) in Q1 2024, preceded by a Y-o-Y decline of 2.8% in Q4 and 5.9% in Q3 2023. Also, residential construction, which accounted for 36.6% of the Irish construction industry's total output in 2023, is expected to record negative growth this year, owing to subdued investor confidence, amid falling dwelling permits and residential property transactions.
The Irish construction industry is however expected to rebound at an average annual growth rate of 4.7% from 2025 to 2028, supported by investments in transport, energy, and housing infrastructure projects. An investment of EUR165 billion ($169 billion) as part of the National Development Plan (NDP) 2021-30 will drive the industry's growth over the forecast period.
This includes EUR35 billion ($35.8 billion) investment on transport infrastructure projects, with EUR12 billion ($12.3 billion) for public transport, EUR13 billion ($13.3 billion) on maintenance, EUR6 billion ($6.1 billion) on road infrastructure, and EUR4 billion ($4.1 billion) on walking and cycling infrastructure.
Scope
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Ireland, 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 the analyst'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 the analyst's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/7l84pv
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