May 20, 2022   SOURCE: BusinessWire

Israel Construction Market/Industry Report 2022: Industry to Expand by 2.6% in Real Terms in 2022, Stabilizing at an AAGR of 2.9% During 2023-2026 - ResearchAndMarkets.com

The "Israel Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026" report has been added to ResearchAndMarkets.com's offering.

Israel's construction industry output grew by an estimated 6.2% in 2021, as activity bounced back following the contraction of 4.1% in 2020, when work on projects was severely disrupted by Coronavirus (COVID-19) restrictions.

The construction industry registered year-on-year (Y-o-Y) growth of 6.5% in the first three quarters of 2021, according to Israel's Central Bureau of Statistics (CBS). The short-term outlook remains clouded by the risk of new waves of infection and the subsequent reimposition of containment measures.

The publisher expects Israel's construction industry to expand by 2.6% in real terms in 2022, before stabilizing at an annual average growth of 2.9% over the remainder of the forecast period (2023-2026). The industry's performance will be supported by the government's emphasis on the implementation of large-scale infrastructure projects during the period of 2020-2027, under which the government aims to build 191.4km of new light rail infrastructure with an estimated cost of ILS73 billion (US$21.2 billion).

Some of the major light rail transit projects currently underway include the Jerusalem Light Rail Green Line, with an investment of ILS7.9 billion (US$2.3 billion) and the Jerusalem Light Rail Blue Line with an investment of ILS7.9 billion (US$2.3 billion). The industry's output will also be supported by the government's plan to invest ILS123.6 billion (US$34.9 billion) to increase the rail network to 2,572km by 2040.

Scope

  • Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Israel, featuring details of key growth drivers
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline
  • Listings of major projects, in addition to details of leading contractors and consultants

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile

4 Construction Outlook
4.1 All Construction

  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index

4.2 Commercial Construction

  • Outlook
  • Project analytics
  • Latest news and developments

4.3 Industrial Construction

  • Outlook
  • Latest news and developments

4.4 Infrastructure Construction

  • Outlook
  • Project analytics
  • Latest news and developments

4.5 Energy and Utilities Construction

  • Outlook
  • Project analytics
  • Latest news and developments

4.6 Institutional Construction

  • Outlook
  • Project analytics
  • Latest news and developments

4.7 Residential Construction

  • Outlook
  • Project analytics
  • Latest news and developments

5 Key Industry Participants
5.1 Contractors
5.2 Consultants

6 Construction Market Data

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/iqdjqu