The construction market report provides a detailed analysis of the prospects for the global construction industry up to 2021. In addition, it contains regional outlooks and profiles of the leading 50 individual countries, highlighting opportunities for growth and the potential risks for participants in these markets. —
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The pace of expansion in the global construction industry steadied in 2016, standing at 2.4%, but there will be an improvement in the next five years, with growth averaging 2.8%. The pick-up will reflect trends in the wider economy; in 2017-2021, the world economy is set to expand by close to 3% per year on average.
However, there a number of key risks; most notable is how the Chinese authorities will rein in credit growth and manage the ensuing economic slowdown, and how investors in advanced economies will respond to the shift towards monetary policy normalization, particularly in view of the likely pick-up in inflation as commodity prices bounce back.
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In real value terms (measured at constant 2010 US$ exchange rates), global construction output reached US$8.8 trillion in 2016 up from US$7.9 trillion in 2012 and will stand at US$10.1 trillion in 2021. The value of construction activity in the emerging world (at real 2010 US$ exchange rates) surpassed that of advanced economies in 2014, and this difference will continue to widen. In 2012, emerging markets accounted for 46.7% of global output a share that will rise to 52.8% by 2021. Asia-Pacific will continue to account for the largest share of the global construction industry, given that it includes the large markets of China, Japan and India.
However, the pace of growth will slow, given the relative sluggishness in China’s construction industry, the expansion of which will be undermined by the glut of new residential property. The emerging markets of Southeast Asia will invest heavily in new infrastructure projects, supported by private investment.
Scope - An overview of the global economic outlook to 2021 –
-Analysis of the outlook for the construction industry in six major global regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific and the Middle East and Africa
-A comprehensive benchmarking of 50 leading construction markets according to construction market value and economic growth
-Comparative global rankings for construction output. This includes data on the ranking change and average percentage change for construction output for the review period (2012 to 2016), in addition to projections for the forecast period (2017 to 2021)
A review of global construction risk in five key parameters: market risk, operating risk, economic risk, financial risk and political risk.
Reasons To Buy
Determine competitive risk based on insights from Construction Risk Index and realign business strategy, while being aware of any potential barriers to expansion plans.
Evaluate regional construction trends from insight on output values and forecast data to 2021. 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.
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Name: Ritesh Tiwari
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Release ID: 192821