In 2023, Business Enterprise R&D expenditure in Italy's construction sector was €160 million. The forecast for 2024 shows a projected increase to €168.96 million. The year-on-year growth rates from 2024 to 2028 show a steady upward trend, with increases of approximately 5.22% in 2024, 5.22% in 2025, 4.92% in 2026, 4.68% in 2027, and 4.44% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be around 4.9%.
Future trends to watch for include:
- Continued investment in sustainable construction technologies.
- Increased emphasis on digital transformation and smart building solutions.
- Potential impacts of regulatory changes on R&D investment in the construction industry.
- Global economic factors affecting funding and investment priorities.