"An Overview of the Irish Construction Industry including Turnover, Employment Further Prospects".
he Irish construction industry is a vital sector of the country's economy, contributing to a significant portion of the country's GDP and providing employment opportunities for a large number of people. According to data from the Central Statistics Office, the construction industry in Ireland had a turnover of €23.5 billion in 2019, with the sector accounting for approximately 7% of the country's GDP.
The Irish construction industry employs a large number of people, with approximately 230,000 people working in the sector in 2019. The industry is also a significant provider of apprenticeships and traineeships, providing young people with the opportunity to gain the skills and experience needed to build a career in the sector.
The Irish construction industry is currently facing some challenges, such as the lack of available skilled labor and the need to meet the country's housing and infrastructure needs. However, the industry is also expected to experience growth in the coming years, with the government investing in infrastructure projects such as the National Development Plan and the National Broadband Plan.
The housing sector is one of the key drivers of growth in the Irish construction industry, with the government's Rebuilding Ireland program aiming to deliver 50,000 new social housing units by 2021 and an additional 25,000 new social housing units by 2027. The government is also investing in the development of new housing estates and apartment complexes, which is expected to provide a boost to the construction industry.
The commercial and industrial sector is also expected to grow in the coming years, with the government investing in the development of new office spaces, data centers, and other commercial and industrial facilities. This is expected to create new employment opportunities and contribute to the growth of the Irish construction industry.
In addition, the Irish construction industry is expected to benefit from the country's commitment to reducing its carbon emissions and increasing the use of renewable energy sources. The government has announced plans to invest in the development of wind and solar energy projects, which will require the construction of new infrastructure and facilities.
In conclusion, the Irish construction industry is a vital sector of the country's economy, contributing to a significant portion of the country's GDP and providing employment opportunities for a large number of people. The industry is facing some challenges, such as the lack of available skilled labor and the need to meet the country's housing and infrastructure needs, but is also expected to experience growth in the coming years, with the government investing in infrastructure projects such as the National Development Plan, National Broadband Plan and the Rebuilding Ireland program. The industry is also expected to benefit from the country's commitment to reducing its carbon emissions and increasing the use of renewable energy sources.
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