The publisher has revised down the estimate of growth in the global construction industry in 2021, to 4.8% from the previous estimate of 6.3%. The revision mainly reflects the impact of the unexpected downturn in construction output in China in Q3 2021, but also the impact of renewed restrictions on activity in many markets around the world to try to contain new waves of COVID-19 infections. Excluding China, the global construction industry is expected to have posted growth of 5.2% in 2021, down an estimate of 5.9% previously. In addition to North America and North-East Asia, which both posted positive growth in 2020, Western Europe, Eastern Europe, South Asia and Australasia are expected to generate construction output values in 2021 that will surpass the 2019 levels in real (constant prices) terms. The other regions, except Latin America, will have fully rebounded by 2022, with Latin America expected to record output above 2019 levels in 2023.
This report provides a detailed analysis of the prospects for the global construction industry up to 2025, including an assessment of the impact of COVID-19.
This report provides a detailed analysis of the prospects for the global construction industry up to 2025, including an assessment of the impact of COVID-19.
Scope
- An overview of the outlook for the global construction industry to 2025, with specific focus on assessing the impact of COVID-19
- Analysis of the outlook for the construction industry in major global regions: North America, Latin America, Western Europe, Eastern Europe, South and 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 2025, and understand the immediate risks and challenges presented by the spread of COVID-19. 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.
Table of Contents
1. Global Outlook
2. Regional Outlook: US and Canada
3. Regional Outlook: Latin America
4. Regional Outlook: Western Europe
5. Regional Outlook: Eastern Europe and Central Asia
6. Regional Outlook: South-East Asia
7. Regional Outlook: South Asia
8. Regional Outlook: Australasia
9. Regional Outlook: North-East Asia
10. Regional Outlook: Middle East and North Africa
11. Regional Outlook: Sub-Saharan Africa
12. GlobalData Construction
List of Tables
List of Figures