Israel Construction Market
Israel Construction Market Size Set to Grow at Steady CAGR of 4.36% Reaching Value of USD 72.2 Billion by 2030
Published | 27 June 2024
Israel Construction Market is flourishing because of the increasing government investments and rapid urbanization.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Israel Construction Market size at USD 64.21 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Israel Construction Market size to expand at a CAGR of 4.36% reaching a value of USD 72.19 billion by 2030. The country's growing population and growing housing demand are two key drivers of the Israel Construction Market. As a result, the government has been making large investments in the building of apartments. Furthermore, throughout the projected period, rapid industrialization and the growing commercial sector are expected to offer the Israel construction market significant growth opportunities.
Opportunity - Technological advancements in construction sector
The Construction Market in Israel has been significantly leveraging advanced technologies, including artificial intelligence, the Internet of Things (IoT), AR/VR, and digital twins, to automate and digitize its operations. These technologies help the market keep up with the rapidly changing environment and make their operations more efficient and safer for the workers. For instance, as-builts and digital twins provide on-site labor and material forecasting. Companies may make quicker decisions regarding operating and maintenance expenses by gathering design and construction information using digital twins and as-builts. These technologies will make the construction industry more sustainable and drive overall market growth in the country.
Sample Request @ https://www.blueweaveconsulting.com/report/israel-construction-market/report-sample
Impact of Escalating Geopolitical Tensions on Israel Construction Market
The escalating geopolitical tensions are negatively impacting the growth of the Israel construction market. For instance, Israel’s continuous bombardment of Palestine resulted in a shortage of labor in the sector since Palestinian workers were the major workforce of the Israel Construction Market. The tensions between Israel and its neighboring countries threatened the safety of workers in the construction sector, especially those working in or visiting border areas in north and south Israel. Furthermore, the international call for divestment against Israel is also gaining traction, which could affect foreign investments in the country, consequently limiting the growth of the Israel Construction Market.
Israel Construction Market
Segmental Coverage
Israel Construction Market – By Type of Contractor
Based on the type of contractor, the Israel Construction Market is segmented into large contractors and small contractors. The large contractor segment accounts for a higher market share. Large contractors have the material and financial resources as well as specialized knowledge in the field, which allows them to efficiently handle big construction projects. However, the small contractor segment is projected to register a significant growth rate during the forecast period. Contractors on a small scale engage the local workforce, suppliers, and support professionals, which drives the segment’s market growth.
Competitive Landscape
Major players operating in the Israel Construction Market include Danya Cebus Ltd, Shikun & Binui Ltd, Electra Construction Ltd, Solel Boneh Infrastructure Ltd, Mansfeld-Kehat Architects, Systran SA, WSP Global Inc., Yenon Research and Design Ltd, D.E.L. Group, Parsons Corp., and Dov Koren Architects.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Israel Construction Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Israel Construction Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Contact Us:
BlueWeave Consulting & Research Pvt Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
info@blueweaveconsulting.com
Get Help
Related Report
Publish Date: June 2024
The government’s increasing investments and rapid urbanization are expected to boost the growth of Israel Construction Market during the forecast period between 2024 and 2030.
Relevant Press Releases
- GCC Prefabricated Buildings Market Size Set to Expand at 7.9% During 2023–2029, Touching USD 8.01 Billion by 2029
- India Interior Design Market Thriving: Projected to growing at a CAGR of 7.4% by 2027
- Qatar Facility Management Market Poised for a Bright Future: Likely to Grow at a CAGR of 14.5% by 2027
- Vietnam Elevator and Escalators Market Size Set to Reach USD 438.68 Million by 2029
- Global Hydraulic Crawler Cranes Market Size Set to Grow at Steady CAGR of 5.77% Touching USD 3.05 Billion by 2029