Over the period from 2013 to 2023, there has been a noticeable variability in the turnover within the Building Completion and Finishing sector in France. The value decreased from 50.48 billion euros in 2013 to 48.45 billion euros in 2023. Year-on-year, the sector experienced positive growth in several years, with notable increases in 2016 (2.51%) and 2017 (3.33%). However, overall, the sector showed more frequent declines, such as in 2015 (-5.15%) and 2020 (-3.61%). The Compound Annual Growth Rate (CAGR) over the last five years leading to 2023 was -0.93%, indicating an overall decline in the sector's turnover.
Forecasting the future, the turnover is expected to continue its gradual decline from 2024 to 2028, reaching 47.72 billion euros by the end of this period. The predicted CAGR for this five-year forecast is -0.24%, suggesting a steady but slow decrease. This indicates a market trend towards contraction over the medium term.
Future trends to watch for:
- Potential impact of economic policies and construction regulations on the sector.
- The effect of technological advancements and automation on reducing operational costs.
- Shifts in demand driven by urbanization and sustainability initiatives.
- Macroeconomic factors like inflation, interest rates, and investment in infrastructure.
- Global supply chain dynamics and their influence on material costs.
