France Infrastructure Report

Published 31 March 2015

  • 98 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: Our outlook for the French infrastructure sector remains subdued in 2015. A weak domestic economic environment and ongoing policy and regulatory uncertainty are undermining investor confidence and we expect to see limited gains in terms of fixed capital formation. While progress is being made on some large - scale transport infrastructure projects, the project pipeline in the energy and utilities sector is uninspiring and the outlook for the residential sector remains bleak. Overall we expect to see construction industry value contract for the eighth consecutive year in 2015, decreasing by 0.8%, before returning to minimal growth in 2016.

Key Trends And Developments

  • The transport industry remains the strongest sector in France's construction market, with annual average growth of 3.5% expected throughout the forecast period to 2024. The government continues to divest its interests in a range of airports, attracting investors from China, in particular, and a number of rail transport projects are planned or under way.

  • Rail firm SNCF Reseau (formed in January 2015 after the merger of SNCF Infra and infrastructure manager RFF) announced it plans to invest EUR4.9bn in the country's rail network in 2015, reinforcing transport as the bright spot in French construction.

  • Social infrastructure projects are minimal, although French firm Eiffage Construction won a number of contracts for university, conference and government builds.

  • The energy sector remains subdued, with investor confidence further undermined by the watering down of the new energy bill, which will reduce the proportion of nuclear energy in the country's energy mix.

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 2013-2018)
10
Table: Construction And Infrastructure Industry Data (France 2019-2024)
11
Transport Infrastructure - Outlook And Overview
17
Table: Transport Infrastructure Industry Data (France 2013-2018)
17
Table: Transport Infrastructure Industry Data (France 2019-2024)
18
Transport Infrastructure Outlook And Overview
19
Major Projects Table - Transport
27
Table: Major Projects - Transport
27
Energy And Utilities Infrastructure - Outlook and Overview
40
Table: Energy And Utilities Infrastructure Data (France 2013-2018)
40
Table: Energy And Utilities Infrastructure Data (France 2019-2024)
41
Major Projects Table - Energy & Utilities
47
Table: Major Projects - Energy And Utilities
47
Residential/NonResidential Building - Outlook And Overview
51
Table: Residential and Non-Residential Building Industry Data (France 2013-2018)
51
Table: Residential and Non-Residential Building Industry Data (France 2019-2024)
51
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
55
Table: Major Projects - Residential & Non-Residential Building
55
Industry Risk Reward Index
61
France - Industry Risk/Reward Index
61
Rewards
61
Risks
61
North America And Western Europe - Infrastructure Risk Reward Index
63
Table: Western Europe And North America: Infrastructure Risk/Reward Index
68
Market Overview
69
Competitive Landscape
69
Table: France - Company Financial Data
70
Company Profile
71
VINCI Group
71
Table: VINCI 2014 Key Financial Results Table
74
EDF Group
75
Lafarge
79
Bouygues Group
82
Global Industry Overview
85
Industry Trend Analysis
85
Table: Multilaterals And Development Bank Infrastructure Support Programmes
89
Methodology
91
Industry Forecast Methodology
91
Sector-Specific Methodology
92
Risk/Reward Index Methodology
96
Sector-Specific Methodology
97
Table: Infrastructure Risk/Reward Index Indicators
97
Table: Weighting Of Indicators
98

The France Infrastructure Report features BMI Research'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 national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

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 Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

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 company 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.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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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