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Social building programs expected to aid recovery of Italian construction industry
June 6, 2011
By prameelav
The Italian construction industry that has been witnessing a sharp fall over the last two years, is expected to recover with the help of social building programmes concentrating on the residential, infrastructure and commercial construction markets.
The industry declined at a CARC of 2.44% from 2006-10 with expectations of a rebound in 2009-10 dashed by a damaging credit crisis. However, with the economy showing signs of recovering the Italian construction industry is expected to get a fresh breath of life in the near future.
With the launch of social building programs like Piano delle cento città‟ that aims to construct approximately 100,000 homes in 2011 and a strong demand for roads and privatisation of municipal services, the Italian construction industry is expected to rebound in the coming years.
In the industrial construction market, manufacturing, chemical, pharmaceutical and metal and material processing plants are all expected to recover and construction activity is expected to grow. Construction of waste processing plants is expected to grow with a CAGR of 6.32% to 2015 and is expected to be the fastest growing industry.
All these and many more facts and figures in addition to in-depth analysis can be found in the report: The Future of the Construction in Italy to 2015 published by World Market Intelligence (WMI).
To access the complete report, please visit our premium subscription Construction Intelligence Center product www.worldmarketintelligence.com/ic/construction
Posted by prameelav on June 6, 2011 7:46 AM
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