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The Transportation Infrastructure Construction Market in Italy is expected to register a CAGR of more than 5.0% during the forecast period.
The COVID-19 pandemic adversely affected the transportation infrastructure construction industry in Italy, which recorded a 6.3% contraction in output in 2020. The Italian transportation infrastructure construction sector was hard hit by the pandemic, but despite the crisis, the sector has been recovering to the pre-pandemic levels. The construction activities in the Transportation Infrastructure sector have increased significantly. Meanwhile, the growth was supported by EU recovery funds. The EU recovery funds will allow the government to accelerate investments in some projects.
Furthermore, to recover from the pandemic, the Italian government unveiled a USD 299 billion spending package in 2021. This reform package included USD 230 billion from the EU recovery funds, and USD 37 billion will be raised from the Italian budget. Meanwhile, an additional USD 32 billion will be spent on upgrading the country’s transport infrastructure.
Growing urbanization in the country will help boost the infrastructure in sectors such as transport and power. Economic prosperity will channel finances towards the manufacturing and transportation sectors, which primarily provide and distribute raw materials for the manufacture of consumer goods.
As reported in May 2022, in the next ten years, the Italian railway company FS will invest EUR 160 billion in infrastructure and EUR 190 billion in overland transport overall. This is part of the 2022-2031 Industrial Plan, a new vision toward rail transport that should be a gamechanger in Italy.
In Italy, rail has a modal split of 10 percent, which is relatively low in comparison with neighboring countries such as Switzerland, where 75 percent of Alpine traffic moves by rail. Ferrovie dello Stato Italiane (FS Group) wants to double the volumes, and in order to accomplish this, it embarks on a ‘redefinition of governance and a new organizational structure,’ paired with a lot of euros dedicated to the transport mode.
Scope of the Report
The transport infrastructure construction market includes many activities associated with the construction of roads, railways, airports, and other related infrastructure. The Transportation Infrastructure Construction Market is segmented by mode into roadways, railways, airways and ports, and waterways. The report offers market size and forecast in value (USD billion) for all the above segments.
|Ports and Waterways|
Key Market Trends
Increasing Demand For Trolleybus in Italy
Italy has a notable increase in demand for trolleybuses, owing to the presence of reliable infrastructure for electric buses. The ongoing ‘zero-emission’ movement across the European countries has compelled manufacturers to redefine their innovation and development strategies.
Stakeholders in the Europe trolley bus market are constantly leveraging cutting-edge technologies in an attempt to offer environmentally as well as operationally efficient trolley buses. Among all the European countries, Italy is expected to create a huge market demand for trolleybuses.
Also, Van Hool, one of the leading manufacturers, is entering into agreements with the local transport ministry to launch trolley buses for local public transportation. France and Greece are expected to lead Italy, in the view of supportive government policies, which are projected to flourish the sales of trolleybuses over the coming years.
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Increasing Government Spending in Railways To Boost The Transportation Infrastructure Construction Sector
The infrastructure sector is witnessing robust growth in construction activities because under the National Plan for Recovery and Resilience (PNRR), through which the Italian government approved USD 266 billion in 2021 for the renovation of the country’s economy after the pandemic crisis. From this recovery and resilience plans (RRPs) infrastructure for the sustainable mobility mission, the government has allocated EUR 32.0 billion for infrastructural investment, including EUR 28.3 billion in high-speed railways and road maintenance EUR 4 billion as well as EUR 3.7 billion in intermodal transport and integrated logistics.
Due to the expected rise in demand from both freight and passengers sectors, under the RRPs mission 3, megaprojects will be constructed in the span of five years (2021-2026), such as the construction of Southbound high-speed rail links for passengers and freight, high-speed lines in the north connecting Europe, diagonal connections, and increasing port capacity by expanding the port constructions.
Another reason why transportation infrastructure construction activities are increasing in Italy is due to demand from the public. The number of passengers traveling annually through Roma termini railway station in 2020 is around 160 Million, through Milano Centrale Railway Station is 120 Million, through Torino Porta Nuova railway station is 70 million. These numbers are sufficient to show the high demand for rail and public transport in Italy.
The report covers the major players operating in the Italy Transportation Infrastructure Construction Market. The Italy market is highly competitive, with several players competing for the major share. The market is fragmented, and the market is expected to grow during the forecast period due to the increase in construction investments and upcoming major projects in the country. Some of the major players include Salecf Group, WeBuild, Astaldi, Rizzani de Eccher, Grandi Lavori Fincosit spa, etc.
- On 10 March 2022, Salcef Group acquired a branch of PSC Group that operates in the railway sector. The main aim behind this acquisition is to strengthen the Salcef Group's operating position in the field of electrification, signaling systems, telecommunications, substations, and railway safety systems. This transaction between the two companies is signed for an investment of approximately EUR 26.6 million. This acqusition has become operational from May 2022.
- In Feb 2022, Alstom won a EUR 156 million turnkey contract in Italy with Infra.To, owned by the city of Turin and one of Europe's largest public companies, to supply its latest generation of fully driverless train-to-train CBTC system for line 1 of Turin Metro along with four new Metropolis trains. The contract includes an option for twelve more Metropolis trains.
- In August 2021, Webuild (Italian infrastructure giant) has completed the acquisition of tunnelling specialist Seli Overseas. This acquisition will allow the firm to progress with its plan to consolidate ownership of Italy’s construction sector, titled Progetto Italia. In addition, Seli Overseas has already undertaken several projects with Webuild Group in Italy and internationally, including the under-construction Terzo Valico dei Giovi high-speed line between Milan and Genoa.
Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Technological Developments in the Sector
4.6 Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Mode
5.1.4 Ports and Waterways
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Market Overview (Concentration and Top Players)
6.2 Company Profiles
6.2.1 Grandi Lavori Fincosit spa
6.2.2 Salecf Group
6.2.5 Rizzani de Eccher
6.2.6 Gleisfrei Srl Costruzioni Ferroviarie
6.2.7 Colas Rail Italia SpA
6.2.8 Impresa Pizzarotti
6.2.10 Cooperativa Muratori Cementisti Ravenna
6.2.11 Ferrovie dello Stato Italiane (FS Group)*
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Italy transportation infrastructure construction market market is studied from 2018 - 2027.
What is the growth rate of Italy transportation infrastructure construction market?
The Italy transportation infrastructure construction market is growing at a CAGR of >5% over the next 5 years.
Who are the key players in Italy transportation infrastructure construction market?
Grandi Lavori Fincosit spa, Salecf Group, WeBuild, Rizzani de Eccher, Ferrovie dello Stato Italiane (FS Group) are the major companies operating in Italy transportation infrastructure construction market.