Business Monitor International


France Infrastructure Report

Published 03 October 2014

  • 90 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
France Infrastructure Report

BMI View :  We have further downgraded our construction industry real growth forecast for France in 2014 to -4.2% on the back of weaker than expected industry data for H114 and overall economic underperformance. As such, we expect France's construction industry contraction to continue over 2015, making it eight years of consecutive negative growth.

Key Trends And Developments

  • The outlook for France's residential sector is pretty bleak. We believe the housing market is not particularly attractive to investors, implying that investment flows will keep growth at a low level. This is in addition to a banking sector in bad shape, tightening borrowing conditions, and the declining purchasing power of French households.

  • Despite the weak performance in France's construction industry, we highlight potential for recovery in the transport infrastructure sector on the back of a series of project announcements. We highlight the roads and airport sub-sectors as the main beneficiaries of recent activity in the construction industry.

  • Of the three sub-sectors making up energy and utilities infrastructure industry value, power plants and transmission grids account for the overwhelming majority of energy and utilities infrastructure industry value. This is due to the investment in overhauling and expanding the country's power grid.

  • In terms of renewables, we expect about 500MW of wind capacity to be added to the grid in 2014, which is about half of the average wind capacity installed in the past five years. This is because the incentives for wind energy have been greatly reduced over the past few years, while the turnaround time for wind projects has lengthened due to numerous regulatory proceedings.

Risk/Reward Rating

In spite of the overall cautious outlook, France fares significantly better than its other developed counterparts in BMI's Infrastructure Risk/Reward Ratings, scoring 67.7 - higher than the developed market average of 64.7.

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (France 2012-2017)
10
Table: Construction And Infrastructure Industry Data (France 2018-2023)
11
Transport Infrastructure - Outlook And Overview
17
Table: Transport Infrastructure Industry Data (France 2012-2017)
17
Table: Transport Infrastructure Industry Data (France 2018-2023)
18
Transport Infrastructure Outlook And Overview
19
Major Projects Table - Transport
25
Table: Major Projects - Transport
25
Energy And Utilities Infrastructure - Outlook and Overview
29
Table: Energy And Utilities Infrastructure Data (France 2012-2017)
29
Table: Energy And Utilities Infrastructure Data (France 2018-2023)
30
Major Projects Table - Energy & Utilities
36
Table: Major Projects - Energy And Utilities
36
Residential/NonResidential Building - Outlook And Overview
40
Table: Residential and Non-Residential Building Industry Data (France 2012-2017)
40
Table: Residential and Non-Residential Building Industry Data (France 2018-2023)
40
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
45
Table: Major Projects - Residential & Non-Residential Building
45
Industry Risk Reward Ratings
47
France - Industry Risk/Reward Ratings
47
Rewards
47
Risks
47
Western Europe and North America - Infrastructure Risk/Reward Ratings
49
Table: Infrastructure Risk/Reward Ratings
55
Market Overview
57
Competitive Landscape
57
Table: France - Company Financial Data
58
Company Profile
59
VINCI Group
59
EDF Group
63
Lafarge
67
Bouygues Group
70
Global Industry Overview
74
Middle East/North Africa Presents Strongest Investment Profile
74
Methodology
80
Industry Forecast Methodology
80
Sector-Specific Methodology
81
Risk/Reward Rating Methodology
85
Sector-Specific Methodology
86
Table: Infrastructure Risk/Reward Rating Indicators
86
Table: Weighting Of Indicators
87

The France Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's France Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the French infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for France to test other views - a key input for successful budgetary and planning in the French infrastructure market.
  • Target business opportunities and risks in the French infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in France.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Rankings

BMI's Infrastructure Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc