9th August 2018

Global economy will continue to post healthy rates of growth in 2018-2019, and investor confidence will remain buoyant. The expected tightening in monetary policy in major markets in 2018 will start to push up the cost of borrowing, but with interest rates generally at or near historic lows; this process is not expected to have a major impact on construction activity.

Based on the recent research report “Global Construction Outlook to 2022”, it is expected that the pace of expansion in the global construction industry will average …..

….. 3.6% a year over the forecast period (2018-2022) – down slightly compared with 3.7% in the March 2018 forecast update. In real value terms (measured at constant 2017 prices and US$ exchange rates), global construction output is forecast to rise to US$12.7 trillion in 2022, up from US$10.6 trillion in 2017.

The acceleration in growth in global construction output in 2018-2019 is being driven primarily by the pickup in advanced economies, with combined growth in these markets rising to 2.7%, compared to 2.0% in 2017; a reflection of construction activity momentum seen across Western Europe. The region’s output will expand by 2.4% a year on average in 2018-2022, improving on the sluggish growth of 1.1% in 2013-2017.

The Asia-Pacific region will continue to account for the largest share of the global construction industry, given that it includes the large markets of South-East Asia, China, Japan and India. Although growth in emerging markets will remain in excess of that in advanced economies over the forecast period, there will be a steady slowdown in growth in construction spending in emerging markets – primarily reflecting trends in China, which has the largest construction market in the world. In 2018-2022, construction output growth in emerging markets will average 4.3% a year, down from 4.9% in 2013-2017.

Scope of the report:

An overview of the outlook for the global construction industry to 2022
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 83 leading construction markets according to construction market value and growth
Analysis of the latest data on construction output trends in key markets.

The report will help you to:

Evaluate regional construction trends from insight on output values and forecast data to 2022.
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.

For further details, click here.