Construction Market Size, Trends and Growth Forecasts by Regions and Countries, 2024-2028

Construction Market Size, Trends and Growth Forecasts by Regions and Countries, 2024-2028

Construction Market Size, Trends and Growth Forecasts by Regions and Countries, 2024-2028

Summary

This report provides a detailed analysis of the prospects for the global construction industry up to 2028.

Globally, many countries continue to struggle with the negative impacts of persistent inflation and high interest rates. This challenging economic environment hinders private sector investment, leading to a subdued global construction industry in 2024. GlobalData anticipates that real global construction output growth will grow by 2.2%, following growth of 4.1% in 2023. However, when comparing construction output in emerging markets with advanced economies, GlobalData projects construction output to decline by 0.2% in advanced economies in 2024, while emerging markets are expected to grow by 3.7%. The worst performing region globally is expected to be Western Europe, which is projected to decline by 2.3%, while South Asia is expected to be the highest growing region (6.7%). The largest contributor to construction output growth will be China, which is projected to grow by 4% in 2024. Given the country’s size and dominance across the global construction market, global real construction output growth excluding China would be only 1.1%.

Scope

• An overview of the outlook for the global construction industry to 2028.
• 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.

Reasons to Buy

• Evaluate regional construction trends from insight on output values and forecast data to 2028. 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.