Forecast: Production Value of Construction Services in France

The production value of construction services in France has shown varying trends from 2013 to 2023. In 2023, it stood at 68.44 billion euros. From 2013 to 2023, there have been several fluctuations. Significant drops were observed in 2017 with an 11.74% decline and 2021 with a 4.76% decline. However, there were also noteworthy increases, such as a 17.84% rise in 2018. The Compound Annual Growth Rate (CAGR) over the last five years approximates 1.32%, indicating moderate overall growth.

Looking into the future, the production value is expected to grow steadily, with forecasted figures suggesting a CAGR of 1.23% from 2024 to 2028. By 2028, the value is projected to reach 73.96 billion euros, reflecting a 6.32% overall growth in the next five years.

Future trends to watch for include:

  • Technological advancements and digitalization in construction services, which may drive efficiency and reduce costs.
  • Green and sustainable construction projects driven by environmental regulations and consumer demand.
  • Potential impacts of macroeconomic factors such as inflation, interest rates, and material costs on the construction sector.

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