The "Greece Construction Market Size, Trends and Forecasts by Sector Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026" report has been added to ResearchAndMarkets.com's offering.
The Greek construction industry grew by an estimated 15.2% in real terms in 2021, following an annual decline of 8.9% in 2020, owing to the impact of COVID-19 restrictions. The industry's solid recovery in 2021 was supported by an improvement in wider economic activity. According to the Hellenic Statistical Authority (ELSTAT), the construction industry's value add, at seasonally-adjusted terms, grew by 32.2% year on year (YoY) in the third quarter of 2021, preceded by Y-o-Y growth rates of 10.2% in Q2 and 17.9% in Q1 2021.
The publisher expects the country's construction industry to grow by 2.2% this year, and record an average growth rate of 2.7% over the remainder of the forecast period (2023-2026), supported by improving investor confidence and investments in transport, renewable energy, residential and commercial projects, as the global economy gradually shows signs of improvement. The government is focusing on the development of renewable energy projects, in line with its target to increase the share of renewable energy in the total energy mix by 35% over the next 10 years. The plan involves a target of producing 7.7GW of solar PV and 7GW of wind capacity by 2030.
The short-term outlook is buoyed by the recent increase in the building permits. According to the ELSTAT, the number of building permits issued in the country grew by 26.1% in the first 10 months of 2021, increasing from 15,343 in January-October 2020 to 19,352 in January-October 2021. In terms of segmentation, the permits approved for commercial buildings rose by 67.9%, while office buildings permits rose by 40.3%, hotels by 33.3%, manufacturing buildings by 64.7% and dwellings by 48.1% during the same period.
This report provides detailed market analysis, information and insights into the Greek construction industry, including:
- The Greek construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Greek construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
This report provides a comprehensive analysis of the construction industry in Greece. It provides:
- Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Greece, 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
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 Covid-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
For more information about this report visit https://www.researchandmarkets.com/r/kngrb
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View source version on businesswire.com: https://www.businesswire.com/news/home/20220421005535/en/
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