Naperville, IL -- (SBWIRE) -- 02/17/2015 -- Reportstack, provider of premium market research reports announces the addition of Global Construction Outlook 2020 market report to its offering.
The global construction industry has regained growth momentum, with the pace of expansion accelerating from an annual average of 2.7% a year in real terms in 20112013 to 3.1% in 2014. Timetrics Construction Intelligence Center (CIC) forecasts a further rise to 3.8% in 2015, and then an average annual increase of 3.9% over 20162020. Based on the CICs Global 50, a grouping of the 50 largest and most influential markets in the world, the global industry is projected to grow from US$7.4 trillion in 2010 to US$8.5 trillion in 2015 and to US$10.3 trillion in 2020, when measured at constant 2010 prices and exchange rates (real 2010 US$).
Scope
An overview of the outlook for the global economy
An assessment of the outlook for the global economy, broken down by major regions
A review of global construction risk
Highlights from the CIC's Global Survey on Potential and Challenges in Construction
Profiles for 50 major markets, including an overview, focus points and risk watch
Reasons to Buy
Gain an understanding of general state of the global economy and construction industry.
Analyse performance region-by-region and country-by-country and gain insight into key issues affecting the construction industry.
Learn about opinions of key industry leaders on challenges and opportunities, with highlights from CIC surveys, to contrast views with your own and be alerted to issues in new markets.
Review top-line risks in the industry, with country rankings and highlights from CIC Construction Risk Index, to assist in market expansion plans.
Key Highlights
Based on the CICs Global 50, a grouping of the 50 largest and most influential markets in the world, the global industry is projected to grow from US$7.4 trillion in 2010 to US$8.5 trillion in 2015 and to US$10.3 trillion in 2020, when measured at constant 2010 prices and exchange rates (Real 2010 US$).
The construction industries in emerging markets are forecast to continue to grow at a much faster rate than the advanced economies. With reference to the CIC Global 50, emerging markets accounted for more than half of the worlds construction output for the first time ever in 2012 (at 2010 US$) and by 2020 it will have a 56% share.
From 2016-2020, the construction industries in advanced economies combined are forecast to expand by 2.2% a year on average, while emerging markets will record a 5.3% annual expansion during the same period. However, the advanced economies are at least improving, with growth accelerating from just 0.6% a year on average in 2011-2015.
The construction industries in the Middle East and Africa region are predicted to be the fastest growing in 2016-2020, overtaking the Asia-Pacific region, which held the top spot in 2011-2015. This reflects the huge investment in infrastructure and buildings that is taking place in Qatar, Saudi Arabia and the United Arab Emirates (UAE), while the slowing rate of growth in Chinas construction industry is a key factor driving the deceleration in Asia-Pacific. However, Asia-Pacifics share of the global construction industry will continue to rise, reaching close to 49% in 2020, up from 40% in 2010.
The precarious state of the Eurozone, which has intensified following the election of an anti-austerity party in Greece, will continue to undermine investor confidence in the region. However, in general the worst is over for the regions construction industry. Many of the countries that had suffered double-digit declines in construction output in the wake of the financial crisis are now turning a corner and starting to grow again. However, reflecting the extent of the decline, it will be after 2020 that the construction industry in Western Europe will return to the pre-crisis levels. The US will also fail to surpass its pre-crisis high by 2020.
Companies Mentioned
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