Global Construction Outlook to 2023 - Q4 2019 Update

Global Construction Outlook to 2023 - Q4 2019 Update

Global Construction Outlook to 2023 - Q4 2019 Update

Summary

The pace of expansion in the global construction industry in 2019 is expected to be the slowest in a decade, standing at 2.6%, according to GlobalData. The slowdown in construction output growth has been particularly severe in advanced economies, including the US, the UK and Australia. In China, where the authorities are stepping up investment in infrastructure to prevent a continued slowdown, growth will remain positive, contributing to a slight acceleration in growth in total output in the emerging markets. GlobalData’s central forecast is for global construction output growth to edge up to 3.1% in 2020 and then to stabilize at 3.4% over the remainder of the forecast period, which runs to 2023. This is in part driven by a projected improvement in the global economy in 2020, which in turn relies improvements in financial market sentiment and a stabilization in some of the large currently-troubled emerging markets.

However, geopolitical risks are intensifying, and could potentially undermine investor confidence and disrupt capital flows in the early part of the forecast period. Risks to the overall forecast stem primarily from a possible escalation in the trade war between the US and China, and also inflamed tensions between the US and Iran following the recent drone strikes on Saudi Arabia’s largest oil processing center, which have been blamed on Iran. There is also a risk that China could overstep its efforts to support the economy, resulting in an unmanageable debt crisis, which would disrupt investment trends globally, most notably via the impact on demand in commodities markets. There are also other major emerging markets facing domestic political and economic stresses that could erupt into full-blown crises, creating a risk of contagion across these markets

This report provides a detailed analysis of the prospects for the global construction industry up to 2023.

Scope

  • An overview of the outlook for the global construction industry to 2023
  • 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 92 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 2023. 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.


  • Global Outlook
    • Table Global Construction Output Growth (Real, % change), 2018-2023
    • Table Figure 1: Global Construction Output Growth (Real, % change), 2014-2023
    • Table Figure 2: Global Construction Output Growth (Real, average % change), 2014-2018 and 2019-2023
    • Table Figure 3: Global Construction Output Growth (Real, average % change), 2019-2023
    • Table Figure 4: Global Construction Output Value (Real, 2017 US$ billion), 2018 and 2023
    • Table US and Canada, Construction Output Value (Real, US$ 2017 billion), 2014-2023
    • Table Latin America, Construction Output Value (Real, US$ 2017 billion), 2014-2023
    • Table Western Europe, Construction Output Value (Real, US$ 2017 billion), 2014-2023
    • Table Eastern Europe and Central Asia, Construction Output Value (Real, US$ 2017 billion), 2014-2023
    • Table South and South-East Asia, Construction Output Value (Real, US$ 2017 billion), 2014-2023
    • Table North-East Asia, Construction Output Value (Real, US$ 2017 billion), 2014-2023
    • Table Australasia, Construction Output Value (Real, US$ 2017 billion), 2014-2023
    • Table Middle East and North Africa, Construction Output Value (Real, US$ 2017 billion), 2014-2023
    • Table Sub-Saharan Africa, Construction Output Value (Real, US$ 2017 billion), 2014-2023
  • Regional Outlook: US and Canada
    • Overview
      • Table Figure 5: US and Canada, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
      • Table US and Canada, Construction Output Growth (Real, % change)
      • Table Figure 6: US and Canada, Construction Output Growth (Real, average % change), 2019-2023
      • Table Figure 7: US and Canada, Construction Output Value (Real, US$ 2017 billion)
    • Key Updates
      • Table Figure 8: US, Value of Construction Put in Place Seasonally Adjusted (US$ million)
      • Table Figure 9: Canada, Construction Value-Add (% change year on year, 2012 chained dollars)
  • Regional Outlook: Latin America
    • Overview
      • Table Figure 10: Latin America, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
      • Table Latin America, Construction Output Growth (Real, % change)
      • Table Figure 11: Latin America, Construction Output Growth (Real, average % change), 2019-2023
      • Table Figure 12: Latin America, Construction Output Value (Real, US$ 2017 billion)
    • Key Updates
      • Table Figure 13: Argentina, Synthetic Indicator of Construction Activity
      • Table Figure 14: Mexico , Construction Value-Add (constant 2013 prices, % change, year on year)
      • Table Figure 15: Brazil, Construction Value-Add (BRL million, chained at 1995 prices)
      • Table Figure 16: Colombia, Construction Value-Add (COP, chained at 2015 prices, % change, year on year)
      • Table Figure 17: Chile, Construction Value-Add (CLP billion, chained at 2013 prices)
      • Table Figure 18: Peru, Construction Value-Add (PEN million, constant 2007 prices)
  • Regional Outlook: Western Europe
    • Overview
      • Table Figure 19: Western Europe, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
      • Table Western Europe, Construction Output Growth (Real, % change)
      • Table Figure 20: Western Europe, Construction Output Growth (Real, average % change), 2019-2023
      • Table Figure 21: Western Europe, Construction Output Value (Real, US$ 2017 billion)
    • Key Updates
      • Table Figure 22: Germany, Construction Value Add (EUR Million, 2010 chained prices)
      • Table Figure 23: UK, Construction Output (% change, year on year)
      • Table Figure 24: Greece, Construction Production Index (% change, year on year)
      • Table Figure 25: Sweden, Construction Production Index (% change, year on year)
      • Table Figure 26: France, Construction Value-add (Chain linked volumes,2015, EUR Million)
      • Table Figure 27: Austria, Construction Value-add (Chain linked volumes,2015, EUR Million)
  • Regional Outlook: Eastern Europe and Central Asia
    • Overview
      • Table Figure 28: Eastern Europe, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
      • Table Eastern Europe, Construction Output Growth (Real, % change)
      • Table Figure 29: Eastern Europe, Construction Output Growth (Real, average % change), 2019-2023
      • Table Figure 30: Eastern Europe, Construction Output Value (Real, US$ 2017 billion)
    • Key Updates
      • Table Figure 31: Russia, Construction Value-Add (% change, year on year)
      • Table Figure 32: Poland, Construction Production Index (% change, year on year)
      • Table Figure 33: Turkey, Construction Value-Add (Constant Prices)
      • Table Figure 34: Hungary, Construction Production Index (% change, year on year)
      • Table Figure 35: Czech Republic, Construction Production Index (% change, year on year)
  • Regional Outlook: South and South-East Asia
    • Overview
      • Table Figure 36: South and South-East Asia, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
      • Table South and South-East Asia, Construction Output Growth (Real, % change)
      • Table Figure 37: South and South-East Asia, Construction Output Growth (Real, average % change), 2019-2023
      • Table Figure 38: South and South-East Asia, Construction Output Value (Real, US$ 2017 billion)
    • Key Updates
      • Table Figure 39: Singapore, Construction Value-Add (Constant Prices)
      • Table Figure 40: Indonesia, Construction Value-Add (IDR Billion, Constant Prices)
      • Table Figure 41: Thailand, Construction Value-Add (Constant Prices)
      • Table Figure 42: Malaysia, Construction Put in Place (MYR Million, Current Prices)
      • Table Figure 43: India, Construction Value-Add (INR Billion, Constant Prices)
  • Regional Outlook: Australasia
    • Overview
      • Table Figure 44: Australasia, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
      • Table Australasia, Construction Output Growth (Real, % change)
      • Table Figure 45: Australasia, Construction Output Growth (Real, average % change), 2019-2023
      • Table Figure 46: Australasia, Construction Output Value (Real, US$ 2017 billion)
    • Key Updates
      • Table Figure 47:Australia, Construction Work Done (Chained volume measure, AUD million)
      • Table Figure 48:Australia, Dwelling Units Approvals (Number of units)
      • Table Figure 49:New Zealand, Building Work Put in Place (Chained volume measure, NZD million)
  • Regional Outlook: North-East Asia
    • Overview
      • Table Figure 50: North-East Asia, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
      • Table North-East Asia, Construction Output Growth (Real, % change)
      • Table Figure 51: North-East Asia, Construction Output Growth (Real, average % change), 2019-2023
      • Table Figure 52: North-East Asia, Construction Output Value (Real, US$ 2017 billion)
    • Key Updates
      • Table Figure 53: South Korea, Construction Value-Add (% change, year on year)
      • Table Figure 54: Japan, Construction Contracts, Order Values (JPY trillion)
      • Table Figure 55: China, Construction Value-Add (Constant prices)
      • Table Figure 56: Hong Kong, Gross Value of Construction Works (HKD Million, Constant prices)
  • Regional Outlook: Middle East and North Africa
    • Overview
      • Table Figure 57: Middle East and North Africa, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
      • Table Middle East and North Africa, Construction Output Growth (Real, % change)
      • Table Figure 58:Middle East and North Africa, Construction Output Growth (Real, average % change), 2019-2023
      • Table Figure 59: Middle East and Africa, Construction Output Value (Real, US$ 2017 billion)
    • Key Updates
      • Table Figure 60: Israel - Construction Value-Add (NIS million, Constant Prices)
      • Table Figure 61: Qatar, Construction Value-Add (QAR million, Constant Prices)
      • Table Figure 62: Saudi Arabia- Construction Value-Add (SAR million, Constant Prices)
      • Table Figure 63: Bahrain, Construction Value-Add (BHD million, Constant Prices)
      • Table Figure 64: Egypt, Construction Value-Add (EGP million, Constant Prices)
      • Table Figure 65: Oman, Construction Value-Add (OMR million, Constant Prices)
      • Table Figure 66: Tunisia, Construction Value-Add (TND million, Constant Prices)
      • Table Figure 67: Algeria, Construction Value-Add (DZD million, Current Prices)
      • Table Figure 68: Morocco, Construction Value (MAD million, Chained Prices)
  • Regional Outlook: Sub-Saharan Africa
    • Overview
      • Table Figure 69: Sub-Saharan Africa, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
      • Table Sub-Saharan Africa, Construction Output Growth (Real, % change)
      • Table Figure 70: Sub-Saharan Africa, Construction Output Growth (Real, average % change), 2019-2023
      • Table Figure 71: Sub-Saharan Africa, Construction Output Value (Real, US$ 2017 billion)
    • Key Updates
      • Table Figure 72: Nigeria, Construction Value-Add (NGN million, Constant Prices)
      • Table Figure 73: South Africa, Construction Value-Add (ZAR million, Constant Prices Seasonally Adjusted)
      • Table Figure 74: Cameroon, Construction Value-Add (CFA billion, Constant Prices)
      • Table Figure 75: Ghana, Construction Value Add (GHS million, Constant Prices)
      • Table Figure 76: Tanzania, Construction Value-Add (TZS billion, Constant Prices)
      • Table Figure 77: Zambia, Construction Value-Add (ZMK million, Constant Prices)
      • Table Figure 78: Kenya, Construction Value-Add (KSH million, Constant Prices)
      • Table Figure 79: Mozambique, Construction Value-Add (MZN million, Constant Prices)
  • About GlobalData
    • GlobalData at a Glance
      • Table Figure 80: GlobalData at a Glance
    • GlobalData Construction
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