Construction Market Size, Trends and Growth Forecast by Key Regions and Countries, 2022-2026
Summary
The global construction industry is confronting major challenges as it emerges from the widespread disruption caused by restrictions imposed to contain the spread of COVID-19. With the conflict in Ukraine set to persist in the coming quarters, the global economy will face severe headwinds amid high energy and commodity prices, supply chain bottlenecks, and worsening investor confidence. Amid rising inflation, central banks have been tightening monetary policy, but with inflation being driven by supply-side pressures, there is a growing risk that high interest rates will choke off the recovery from the pandemic. Global construction output is now projected to expand by 3.3% this year, a downward revision from 4.0% previously. This follows growth of 3.7% in 2021 and the contraction of 2.3% in 2020.
This report provides a detailed analysis of the prospects for the global construction industry up to 2026.
Scope
- An overview of the outlook for the global construction industry to 2026.
- Analysis of the outlook for the construction industry in major global regions: North America, Latin America, Western Europe, Eastern Europe, South Asia, South-East Asia, North-East Asia, Australasia, the Middle East and North Africa, and Sub-Saharan Africa.
- A comprehensive benchmarking of 91 leading construction markets according to construction market value and growth
- Analysis of the latest data on construction output trends in key markets.
- Evaluate regional construction trends from insight on output values and forecast data to 2026. Identify the fastest growers to enable assessment and targeting of commercial opportunities in the markets best suited to strategic focus.
- Identify the drivers in the global construction market and consider growth in emerging and developed economies. Formulate plans on where and how to engage with the market while minimizing any negative impact on revenues.
- About GlobalData
- Global Outlook
- Table Global Construction Output Growth (Real, % Change), 2020-2026
- Table Figure 1: Global Construction Output Value (Real, 2017 US$ Billion), 2019-2026
- Table North America, Construction Output Value (Real, US$ 2017 Billion), 2016-2026
- Table Latin America, Construction Output Value (Real, US$ 2017 Billion), 2016-2026
- Table Middle East and North Africa, Construction Output Value (Real, US$ 2017 Billion), 2016-2026
- Table Sub-Saharan Africa, Construction Output Value (Real, US$ 2017 Billion), 2016-2026
- Table South-East Asia, Construction Output Value (Real, US$ 2017 Billion), 2016-2026
- Table South Asia, Construction Output Value (Real, US$ 2017 Billion), 2016-2026
- Table North-East Asia, Construction Output Value (Real, US$ 2017 Billion), 2016-2026
- Table Australasia, Construction Output Value (Real, US$ 2017 Billion), 2016-2026
- Table Western Europe, Construction Output Value (Real, US$ 2017 Billion), 2016-2026
- Table Eastern Europe, Construction Output Value (Real, US$ 2017 Billion), 2016-2026
- Regional Outlook: US and Canada
- Overview
- Table Figure 2: US and Canada, Construction Output Value (Real, US$ 2017 Billion)
- Table US and Canada, Construction Output Growth (Real, % Change)
- Key Updates
- Table Figure 3: The US, Number of People Employed in the Construction Industry (In Thousands)
- Table Figure 4: Canada, Construction Value-Add (Real, % Change YoY)
- Overview
- Regional Outlook: Latin America
- Overview
- Table Figure 5: Latin America, Construction Output Value (Real, US$ 2017 Billion)
- Table Latin America, Construction Output Growth (Real, % Change)
- Key Updates
- Table Figure 6: Brazil, Construction Value-Add (BRL Billion, Seasonally Adjusted Chained 1995 Prices)
- Table Figure 7: Mexico, Construction Value-add (2013 Prices, MXN Billion)
- Table Figure 8: Argentina, Construction Value Add (ARS Million, 2004 Constant Prices)
- Table Figure 9: Colombia, Construction Value-Add (COP Billion, 2015 Chained Volumes)
- Table Figure 10: Chile, Construction Value Add (Constant 2018 Prices, CLP Billion)
- Table Figure 11: Peru, Construction Materials Price Index (2013=100)
- Overview
- Regional Outlook: Western Europe
- Overview
- Table Figure 12: Western Europe, Construction Output Value (Real, US$ 2017 Billion)
- Table Western Europe, Construction Output Growth (Real, % Change)
- Key Updates
- Table Figure 13: Germany, Construction Value-Add (Chain Volume, EUR Billion)
- Table Figure 14: Spain, Construction Value-Add (Chain Volume, EUR Billion)
- Table Figure 15: France, Construction Value-Add (Chain Volume, EUR Billion)
- Table Figure 16: UK, Construction Output Volume (Chain Volume Seasonally Adjusted, GBP Million)
- Table Figure 17: Italy, Construction Value-Add (Chain Volume, EUR Billion)
- Table Figure 18: Netherlands, Construction Value-Add (Chain Volume, EUR Billion)
- Overview
- Regional Outlook: Eastern Europe and Central
- Overview
- Table Figure 19: Eastern Europe and Central Asia, Construction Output Value (Real, US$ 2017 Billion)
- Table Eastern Europe and Central Asia, Construction Output Growth (Real, % Change)
- Key Updates
- Table Figure 20: Turkey, Construction Turnover Index, calendar and seasonally adjusted (2015=100)
- Table Figure 21: Turkey, Construction Cost Index (2015=100)
- Table Figure 22: Poland, Construction Production Index, calendar and seasonally adjusted (2015 =100)
- Table Figure 23: Hungary, Construction output (HUF billion)
- Table Figure 24: Slovakia, Construction Value-Add (EUR Million, 2015 chained prices)
- Table Figure 25: Estonia, Construction Cost Index (new residential buildings, 2015 = 100)
- Overview
- Regional Outlook: South-East Asia
- Overview
- Table Figure 26: South and South-East Asia, Construction Output Value (Real, US$ 2017 Billion)
- Table South-East Asia, Construction Output Growth (Real, % Change)
- Key Updates
- Table Figure 27: Indonesia, Construction Value-Add (IDR Billion, 2010 Prices, Seasonally Adjusted)
- Table Figure 28: Thailand, Construction Value-Add (THB Million, Seasonally Adjusted Chained Volume Measures)
- Table Figure 29: Singapore, Construction Value-Add (SGD million, 2015 Chained Prices, Seasonally Adjusted)
- Table Figure 30: Malaysia, Construction Value-Add (MYR Million, 2015 Prices, Seasonally Adjusted)
- Table Figure 31: Philippines, Construction Value-Add (PHP Billion, 2018 Prices)
- Overview
- Regional Outlook: South Asia
- Overview
- Table Figure 32: South Asia, Construction Output Value (Real, US$ 2017 Billion)
- Table South Asia, Construction Output Growth (Real, % Change)
- Key Updates
- Table Figure 33: India, Construction Value-Add (INR Billion, Constant Prices)
- Table Figure 34: Bangladesh, Total Private Sector Bank Advances to Construction (BDT Billion)
- Overview
- Regional Outlook: Australasia
- Overview
- Table Figure 35: Australasia, Construction Output Value (Real, US$ 2017 Billion)
- Table Australasia, Construction Output Growth (Real, % Change)
- Key Updates
- Table Figure 36: Australia, Construction Work Done (AUD Million, Chained 2018 Prices, Seasonally Adjusted)
- Table Figure 37: Australia, Construction Value Add (AUD Million, Chained Volume Measures, 2018-19 Prices)
- Table Figure 38: Australia, Building Approvals (AUD Million, Seasonally Adjusted, Chain Volume, 2018-19 Prices)
- Table Figure 39: New Zealand, Volume of Building Work Put in Place (NZD Million, Seasonally Adjusted, 1999 Prices)
- Table Figure 40: New Zealand, Construction Value-add (NZD Million, Chained Volume Measures, 2009-10 Prices)
- Table Figure 41: New Zealand, Building Consents Issued, Three-month moving average (NZD Million)
- Overview
- Regional Outlook: North-East Asia
- Overview
- Table Figure 42: North-East Asia, Construction Output Value (Real, US$ 2017 Billion)
- Table North-East Asia, Construction Output Growth (Real, % Change)
- Key Updates
- Table Figure 43: China, Construction Value-Add Index (Constant Prices, % Change YoY)
- Table Figure 44: Japan, Construction Orders Received (JPY Billion, 3-month Moving Average)
- Table Figure 45: South Korea, Construction Value-Add (KRW Billion, 2015 Chained Prices, Seasonally Adjusted)
- Table Figure 46: South Korea, Value of Construction Orders Received (KRW Billion, 3-month Moving Average)
- Table Figure 47: Taiwan, Construction Value-Add (TWD Million, 2016 Chained Prices)
- Table Figure 48: Hong Kong, Construction Value-Add (HKD Million, 2019 Chained Prices)
- Overview
- Regional Outlook: Middle East and North Africa
- Overview
- Table Figure 49: Middle East and North Africa, Construction Output Value (Real, US$ 2017 Billion)
- Table Middle East and North Africa, Construction Output Growth (Real, % Change)
- Key Updates
- Table Figure 50: Saudi Arabia, Construction Value-Add (SAR Million, Constant Prices)
- Table Figure 51: Qatar, Construction Value-Add (QAR Million, Constant Prices)
- Table Figure 52: Egypt, Construction Value-Add (EGP Billion, 2016-2017 Base Prices), % Change YoY
- Table Figure 53: Tunisia, Construction Value-Add (TND Million, Constant Prices)
- Overview
- Regional Outlook: Sub-Saharan Africa
- Overview
- Table Figure 54: Sub-Saharan Africa, Construction Output Value (Real, US$ 2017 Billion)
- Table Sub-Saharan Africa, Construction Output Growth (Real, % Change)
- Key Updates
- Table Figure 55: Nigeria, Construction Value-Add (NGN Billion, Constant Prices)
- Table Figure 56: South Africa, Construction Value-Add (ZAR Million, Constant Prices)
- Table Figure 57: Ghana, Construction Value-Add (GHS Million, Constant Prices)
- Table Figure 58: Tanzania, Construction Value-Add (TZS Billion, Constant Prices)
- Overview
- GlobalData Construction
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