The turnover of the construction of residential and non-residential buildings in France has experienced fluctuating trends over the past decade. From 2013 to 2013, the market showed significant year-on-year variances, peaking at 49.93 billion euros in 2019. The adverse effects of the COVID-19 pandemic led to a significant drop in 2020, but the market saw a recovery and an increase to 46.05 billion euros by 2023.
The year-on-year variation in 2023 was 7.49%, highlighting a steady recovery. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 stands at 1.47%, indicating moderate annual growth.
Forecasts from 2024 to 2028 indicate a steady growth pattern with expected turnover reaching 51.1 billion euros in 2028. The forecasted CAGR for the next five years (2023-2028) is projected at 1.65%, suggesting a stable growth trajectory.
Future trends to watch for include the potential impacts of inflation and supply chain disruptions on construction costs, government policies promoting sustainable construction, and the increasing demand for residential buildings due to urbanization.
