Market Trends of Italy Construction Equipment Industry
Electrification Of Construction Equipment May Propel The Market Growth
- In recent years, Italy has made significant investments in infrastructure developments to promote economic growth and job prospects, as well as to update its energy, telecommunication, and transportation networks. A construction boom has been caused by investment, and new infrastructure projects are frequently announced. For instance,
- In the 2021 budget, the Italy government has announced infrastructure projects worth over Euro 3 billion (USD 3.21 billion), including six rail infrastructure projects, three road infrastructures, two port infrastructures, two transport building works, five railway stations, one water project, one port project and one project linked to rapid mass transport.
- In September 2022, a recent study by Italy's state-owned export credit agency, SACE, projected that over the next ten years, the entire investment in Italy's infrastructure will amount to nearly Euros 100 billion (USD 107.08 billion).
- The high-speed rail system in Italy is one of the most significant infrastructure development initiatives. The government has announced significant investments in the development of the high-speed rail network, building new lines and modernizing old ones.
- Major cities and areas will be connected by the new high-speed lines, which will enhance transportation and shorten travel times. By facilitating travel across the nation, the additional lines will also aid in the expansion of the tourism sector. For instance, in May 2022, FS Italiane, Italy's national state-owned railway holding company, presented its industrial plan for the coming decade (2022-2031) and announced that 110 billion Euros (USD 117.79 billion) would be invested in Italian rail infrastructure over the coming ten years.
- As the government continues to make significant investments in infrastructure expansion to support economic growth, Italy is enjoying a construction boom. The improvement of transportation, the reduction of traffic congestion, the support of the expansion of the tourism industry, the attraction of new businesses, and the transition to a net-zero carbon economy are anticipated to fuel the country's growth.
Understand The Key Trends Shaping This Market
Download PDF
Rise in Construction Development Across the Italy
- In recent years, Italy has made significant investments in infrastructure developments to promote economic growth and job prospects, as well as to update its energy, telecommunication, and transportation networks. A construction boom has been caused by investment, and new infrastructure projects are frequently announced. For instance,
- In the 2021 budget, the Italy government has announced infrastructure projects worth over Euro 3 billion (USD 3.21 billion), including six rail infrastructure projects, three road infrastructures, two port infrastructures, two transport building works, five railway stations, one water project, one port project and one project linked to rapid mass transport.
- In September 2022, a recent study by Italy's state-owned export credit agency, SACE, projected that over the next ten years, the entire investment in Italy's infrastructure will amount to nearly Euros 100 billion (USD 107.08 billion).
- The high-speed rail system in Italy is one of the most significant infrastructure development initiatives. The government has announced significant investments in the development of the high-speed rail network, building new lines and modernizing old ones.
- Major cities and areas will be connected by the new high-speed lines, which will enhance transportation and shorten travel times. By facilitating travel across the nation, the additional lines will also aid in the expansion of the tourism sector. For instance, in May 2022, FS Italiane, Italy's national state-owned railway holding company, presented its industrial plan for the coming decade (2022-2031) and announced that 110 billion Euros (USD 117.79 billion) would be invested in Italian rail infrastructure over the coming ten years.
- As the government continues to make significant investments in infrastructure expansion to support economic growth, Italy is enjoying a construction boom. The improvement of transportation, the reduction of traffic congestion, the support of the expansion of the tourism industry, the attraction of new businesses, and the transition to a net-zero carbon economy are anticipated to fuel the country's growth.
