Construction Market Size, Trends and Growth Forecasts by Key Regions and Countries, 2023-2027
Summary
This report provides a detailed analysis of the prospects for the global construction industry up to 2027.
The global construction industry remains in a troubled state, with key markets suffering a sharp slowdown in output growth in real terms (constant prices) or a contraction. Overall, the global construction industry is now expected to grow by 1.8% in 2023, but excluding China the growth rate will stand at just 0.4%. The deceleration in global growth reflects the challenging conditions in most markets around the world in the form of high inflation and a tightening in monetary policy that has dampened investment. The performances in major advanced economies will be particularly weak; GlobalData estimated that construction in advanced economies will shrink by 1.6% this year and by 0.6% next year. The gloomy prediction for 2023 reflects ongoing weakness in the US, which suffered a 6.3% drop in overall output in real terms, and faces a further decline of 3.1% this year.
Scope
- An overview of the outlook for the global construction industry to 2027.
- 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.
- 1 Global Outlook
- 2 Regional Outlook: US and Canada
- 2.1 Overview
- 2.2 Key Updates
- 3 Regional Outlook: Latin America
- 3.1 Overview
- 3.2 Key Updates
- 4 Regional Outlook: Western Europe
- 4.1 Overview
- 4.2 Key Updates
- 5 Regional Outlook: Eastern Europe & Central Asia
- 5.1 Overview
- 5.2 Key Updates
- 6 Regional Outlook: South-East Asia
- 6.1 Overview
- 6.2 Key Updates
- 7 Regional Outlook: South Asia
- 7.1 Overview
- 7.2 Key Updates
- 8 Regional Outlook: Australasia
- 8.1 Overview
- 8.2 Key Updates
- 9 Regional Outlook: North-East Asia
- 9.1 Overview
- 9.2 Key Updates
- 10 Regional Outlook: Middle East and North Africa
- 10.1 Overview
- 10.2 Key Updates
- 11 Regional Outlook: Sub-Saharan Africa
- 11.1 Overview
- 11.2 Key Updates
- 12 About GlobalData
- 13 Contact Us
- List of Tables
- Table 1: Global Construction Output Growth (Real, % Change), 2020–2027
- Table 2: North America, Construction Output Value (Real, $ 2017 Billion), 2017–2027
- Table 3: Latin America, Construction Output Value (Real, $ 2017 Billion), 2017–2027
- Table 4: Middle East and North Africa, Construction Output Value (Real, $ 2017 Billion), 2017–2027
- Table 5: Sub-Saharan Africa, Construction Output Value (Real, $ 2017 Billion), 2017–2027
- Table 6: South-East Asia, Construction Output Value (Real, $ 2017 Billion), 2017–2027
- Table 7: South Asia, Construction Output Value (Real, $ 2017 Billion), 2017–2027
- Table 8: North-East Asia, Construction Output Value (Real, $ 2017 Billion), 2017–2027
- Table 9: Australasia, Construction Output Value (Real, $ 2017 Billion), 2017–2027
- Table 10: Western Europe, Construction Output Value (Real, $ 2017 Billion), 2017–2027
- Table 11: Eastern Europe, Construction Output Value (Real, $ 2017 Billion), 2017–2027
- Table 12: US and Canada, Construction Output Growth (Real, % Change)
- Table 13: Latin America, Construction Output Growth (Real, % Change)
- Table 14: Western Europe, Construction Output Growth (Real, % Change)
- Table 15: Eastern Europe and Central Asia, Construction Output Growth (Real, % Change)
- Table 16: South-East Asia, Construction Output Growth (Real, % Change)
- Table 17: South Asia, Construction Output Growth (Real, % Change)
- Table 18: Australasia, Construction Output Growth (Real, % Change)
- Table 19: North-East Asia, Construction Output Growth (Real, % Change)
- Table 20: Middle East and North Africa, Construction Output Growth (Real, % Change)
- Table 21: Sub-Saharan Africa, Construction Output Growth (Real, % Change)
- List of Figures
- Figure 1: Global Construction Output Value by Sector (Real, Index 2019=100), 2019–2027
- Figure 2: Global Construction Output Value by Region (Real, 2017 $ Billion), 2019–2027
- Figure 3: US and Canada, Construction Output Value (Real, $ 2017 Billion)
- Figure 4: The US, Construction Put in Place ($ Million, Nominal) Seasonally Adjusted Annual Rate
- Figure 5: Canada, Construction Value-Add (CAD Million, 2012 Constant Prices), Quarterly Average, Seasonally Adjusted at Annual Rates
- Figure 6: Latin America, Construction Output Value (Real, $ 2017 Billion)
- Figure 7: Brazil, Construction Value-Add (BRL Billion, Seasonally Adjusted Chained 1995 Prices)
- Figure 8: Mexico, Construction Value-add (2018 Prices, MXN Billion)
- Figure 9: Argentina, Construction Value Add (ARS Million, 2004 Constant Prices)
- Figure 10: Western Europe, Construction Output Value (Real, $ 2017 Billion)
- Figure 11: Germany, Construction Value-Add (Chain Volume, EUR Million, Seasonally Adjusted)
- Figure 12: Spain, Construction Value-Add (Chain Volume, EUR Million, Seasonally Adjusted)
- Figure 13: France, Construction Value-Add (Chain Volume, EUR Million, Seasonally Adjusted)
- Figure 14: Italy, Construction Value-Add (Chain Volume, EUR Million, Seasonally Adjusted)
- Figure 15: UK, Construction Output Volume (Chain Volume Seasonally Adjusted, GBP Million)
- Figure 16: Eastern Europe and Central Asia, Construction Output Value (Real, $ 2017 Billion)
- Figure 17: Turkey, Construction Value Add (TKR Million, 2015 Chained Prices, Seasonally Adjusted)
- Figure 18: Russia, Construction Activity Volume Index
- Figure 19: Poland, Construction Value Add (PLN Million, 2015 Chained Prices, Seasonally Adjusted)
- Figure 20: Czech Republic, Construction Value Add (CZK Million, 2015 Chained Prices, Seasonally Adjusted)
- Figure 21: Hungary, Construction Value Add (HUF Million, 2015 Chained Prices, Seasonally Adjusted)
- Figure 22: Romania, Construction Value Add (RON Million, 2015 Chained Prices, Seasonally Adjusted)
- Figure 23: South and South-East Asia, Construction Output Value (Real, $ 2017 Billion)
- Figure 24: Indonesia, Construction Value-Add (IDR Billion, 2010 Prices, Seasonally Adjusted)
- Figure 25: Thailand, Construction Value-Add (THB Million, Seasonally Adjusted Chained Volume Measures)
- Figure 26: Singapore, Construction Value-Add (SGD million, 2015 Chained Prices, Seasonally Adjusted)
- Figure 27: Malaysia, Construction Value-Add (MYR Million, 2015 Prices, Seasonally Adjusted)
- Figure 28: Philippines, Construction Value-Add (PHP Billion, 2018 Prices)
- Figure 29: Vietnam, Construction Value-Add (VND Billion, 2010 Prices)
- Figure 30: South Asia, Construction Output Value (Real, $ 2017 Billion)
- Figure 31: India, Construction Value-Add (INR Billion, Constant Prices)
- Figure 32: Sri Lanka, Construction Value-Add (Billion, 2015 Constant Prices)
- Figure 33: Australasia, Construction Output Value (Real, $ 2017 Billion)
- Figure 34: Australia, Construction Work Done (AUD Million, Chained 2018 Prices, Seasonally Adjusted)
- Figure 35: Australia, Construction Value Add (Million AUD, Chained Volume Measures, 2018-19 Prices)
- Figure 36: Australia, Building Approvals (Million AUD, Seasonally Adjusted, Chain Volume, 2018-19 Prices)
- Figure 37: New Zealand, Volume of Building Work Put in Place, NZD million, SA Q3 2022 Prices
- Figure 38: New Zealand, Construction Value-add (Million NZD, Chained Volume Measures, 2009-10 Prices)
- Figure 39: New Zealand, Number of Building Consents Issued, Three-month moving average
- Figure 40: North-East Asia, Construction Output Value (Real, $ 2017 Billion)
- Figure 41: China, Construction Value-Add Index, Constant Prices, % Change YoY
- Figure 42: Japan, Construction Orders Received, JPY Billion, 3-month Moving Average
- Figure 43: South Korea, Construction Value-Add (KRW Billion, 2015 Chained Prices, Seasonally Adjusted)
- Figure 44: South Korea, Value of Construction Orders Received, KRW Billion, 3-month Moving Average
- Figure 45: Taiwan, Construction Value-Add, TWD Million, 2016 Chained Prices
- Figure 46: Hong Kong, Gross Value of Construction Work Performed, HKD Million, Seasonally Adjusted 2000 Chained Prices
- Figure 47: Middle East and North Africa, Construction Output Value (Real, $ 2017 Billion)
- Figure 48: Saudi Arabia, Construction Value-Add (SAR Million, Constant Prices)
- Figure 49: Qatar, Construction Value Add, Constant Prices (QAR Million, 2018 Base Prices)
- Figure 50: Sub-Saharan Africa, Construction Output Value (Real, $ 2017 Billion)
- Figure 51: South Africa, Construction Value Add (ZAR Billion, Constant 2015 Prices)
- Figure 52: Nigeria, Construction Value-Add (NGN Billion, Constant Prices)
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