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

Best Price Guarantee Length Publisher Published Date SKU
from $4,950 96 Pages GlobalData September, 2024 GBDT19324757
Best Price Guarantee
Price from $4,950
Length 96 Pages
Publisher GlobalData
Published Date September, 2024
SKU GBDT19324757

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


Summary

With inflation softening and monetary policy beginning to ease in many economies globally, growth prospects for the construction industry have begun to improve. GlobalData expects that real global construction output will rise by 2.5% this year, following growth of 4.3% in 2023. While growth has been revised upwards globally, there remains a stark difference between the performance of construction industries in emerging markets, with those in advanced economies. GlobalData expects construction output to rise by a marginal 0.5% in advanced economies in 2024, while in emerging markets, growth of 3.9% is expected this year. This divide is expected to narrow in 2025, with advanced economies projected to record growth of 1.5%, while growth in emerging markets slows to 3.6%. Regionally, growth is expected to be weakest in Western Europe, where a contraction of 2.0% is expected, while South Asia is expected to record the highest growth globally, at 7.4%. The largest contributor to construction output growth will be China, which is projected to grow by 4.0% in 2024. Excluding China, global real construction output growth in 2024 falls to an expansion of 1.8%.

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


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
Appendix
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List of Tables
Table 1: Global Construction Output Growth (Real, % Change), 2021-2028
Table 2: North America, Construction Output Value (Real, $ 2022 Billion), 2018-2028
Table 3: Latin America, Construction Output Value (Real, $ 2022 Billion), 2018-2028
Table 4: Middle East and North Africa, Construction Output Value (Real, $ 2022 Billion), 2018-2028
Table 5: Sub-Saharan Africa, Construction Output Value (Real, $ 2022 Billion), 2018-2028
Table 6: South-East Asia, Construction Output Value (Real, $ 2022 Billion), 2018-2028
Table 7: South Asia, Construction Output Value (Real, $ 2022 Billion), 2018-2028
Table 8: North-East Asia, Construction Output Value (Real, $ 2022 Billion), 2018-2028
Table 9: Australasia, Construction Output Value (Real, $ 2022 Billion), 2018-2028
Table 10: Western Europe, Construction Output Value (Real, $ 2022 Billion), 2018-2028
Table 11: Eastern Europe & Central Asia, Construction Output Value (Real, $ 2022 Billion), 2018-2028
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), 2021-2028
Figure 2: Global Construction Output Value by Region (Real, 2022 $ Billion), 2020-2028
Figure 3: Global Construction Output and GDP by Region and Sector, 2024
Figure 4: Construction Output Growth vs Risk, by Country
Figure 5: US and Canada, Construction Output Value (Real, $ 2022 Billion)
Figure 6: The US, Number of People Employed in the Construction Industry, In Thousands
Figure 7: Canada, Building Construction Prices Indices, 2017=100, % Change (YoY)
Figure 8: Latin America, Construction Output Value (Real, $ 2022 Billion)
Figure 9: Mexico, Construction Production Volume Index (2013=100)
Figure 10: Brazil, Construction Activity Index
Figure 11: Colombia, Producer Price Index (PPI) for Construction Materials (2014=100)
Figure 12: Western Europe, Construction Output Value (Real, $ 2022 Billion)
Figure 13: Germany, Construction Value Add, 2015 Chained Linked Volume Measures (EUR Million)
Figure 14: Spain, Constructions Value Add (EUR Million, 2015 Chain Linked Volume Prices)
Figure 15: France, Construction Value Add (EUR Million, 2015 Chained Prices)
Figure 16: Ireland, Construction Value Add (EUR Million, 2015 Chained Linked Volume Measures)
Figure 17: The UK, Construction Output, Chained Volume Measures, Seasonally Adjusted (GBP Million)
Figure 18: Eastern Europe and Central Asia, Construction Output Value (Real, $ 2022 Billion)
Figure 19: Russia, Construction Value Add (RUB Billion, 2021 Constant Prices)
Figure 20: Turkey, Construction Value Add (TRY Million, 2009 Chain Linked Volume Measures)
Figure 21: Poland, Construction Value Add (PLN Million, 2015 Chained Prices)
Figure 22: Hungary, Construction Value Add (HUF Million, average prices of 2015)
Figure 23: Slovenia, Construction Value Add, Constant Prices, Reference Year 2010 (EUR Million)
Figure 24: South and South-East Asia, Construction Output Value (Real, $ 2022 Billion)
Figure 25: Indonesia, Construction Value Add (2010 Constant Prices, IDR Trillion)
Figure 26: Thailand, Construction Value Add (THB Million, 2002 Constant Prices)
Figure 27: Singapore, Construction Value Add (SGD Million, 2015 Chained Prices)
Figure 28: Malaysia, Construction Value Add (2015 Constant Prices, MYR Million)
Figure 29: The Philippines, Construction Value Add (PHP Billion, 2018 Constant Prices)
Figure 30: Vietnam, Construction Value Add, 2010 Constant Prices (VND Billion)
Figure 31: South Asia, Construction Output Value (Real, $ 2022 Billion)
Figure 32: India, Construction Value Add (Constant 2011-12 Prices, INR Billion)
Figure 33: Bangladesh, CPMI Scores, 3-month Moving Average Trend Score
Figure 34: Australasia, Construction Output Value (Real, $ 2022 Billion)
Figure 35: Australia, Construction Work Done (AUD Million, Chained 2018 Prices, Seasonally Adjusted)
Figure 36: Australia, Construction Value Add (Million AUD, Chained Volume Measures, 2018-19 Prices)
Figure 37: Australia, Building Approvals (Million AUD, Seasonally Adjusted, Chain Volume, 2018-19 Prices)
Figure 38: New Zealand, Volume of Building Work Put in Place, NZD million, SA Q3 2022 Prices
Figure 39: New Zealand, Construction Value-add (Million NZD, Chained Volume Measures, 2009-10 Prices)
Figure 40: New Zealand, Number of Building Consents Issued, Three-month moving average
Figure 41: North-East Asia, Construction Output Value (Real, $ 2022 Billion)
Figure 42: China, Construction Value Add, Accumulated Quarter, % Change YoY
Figure 43: Japan, Value of Contracts Received for Construction, Nominal (JPY Billion)
Figure 44: South Korea, Total Value of Construction Orders Received (Current Prices, KRW Billion)
Figure 45: Mongolia, Construction Value Add (MNT Billion, 2015 Constant Prices)
Figure 46: Hong Kong, Gross Value of Construction Works Performed by Main Contractors, HKD Million
Figure 47: Middle East and North Africa, Construction Output Value (Real, $ 2022 Billion)
Figure 48: The UAE, Construction Projects Momentum Index
Figure 49: Saudi Arabia, Construction Projects Momentum Index
Figure 50: Sub-Saharan Africa, Construction Output Value (Real, $ 2022 Billion)
Figure 51: South Africa, Volume Index of Mining Production (2019=100) and Mineral Sales (ZAR Billion)
Figure 52: Kenya, Total Remittances ($ Million)

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