From 2013 to 2023, Italy's construction output demonstrated fluctuating patterns. Between 2013 and 2016, there was a notable decline each year, with the greatest dip of -8.55% in 2013. The sector saw a brief period of stabilization from 2016 to 2018 but encountered another drop in 2020 by -5.39%. However, starting in 2021, the industry experienced substantial recovery with a remarkable 33.94% increase, and by 2023, it stood at 283.34 billion euros, reflecting a 10.87% year-on-year increase. The CAGR for the past five years stands at 8.58%, indicative of a robust rebound in the sector.
Future trends to watch for include:
- Continued growth: Forecasted data predicts a strong upward trend with construction output reaching 418.15 billion euros by 2028.
- Investment in sustainability: Potential increases in green building projects and sustainable construction practices.
- Technological advancements: Adoption of innovative construction technologies and methods to enhance efficiency and output.