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Construction

Asia-Pacific battery manufacturing plant construction project pipeline to reach $45.4 billion in 2027, forecasts GlobalData

The Asia-Pacific (APAC) region’s battery manufacturing construction pipeline is set to surge, with project values expected to reach $45.4 billion in 2027, driven by rising electric vehicle (EV) demand and large-scale energy storage needs. Even as the current execution activity slows, a growing wave of planned projects signals strong long-term momentum. This trend confirms APAC’s […]
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Evergrande collapse underscores risks, but infrastructure boom to drive China construction market through 2029, says GlobalData

The collapse of Evergrande, once China’s largest property developer, may symbolize the end of an era for speculative housing but it does not mark the end of China’s construction story. The country’s construction sector is set to be redefined by infrastructure, energy, and technology-driven projects rather than residential property through 2029, according to GlobalData, a […]
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Global construction industry growth will remain sluggish in 2023, forecasts GlobalData

The global construction industry’s growth is forecast to remain sluggish in 2023, expanding by just 0.8%. Excluding China, the industry will contract by 0.1%, due to the weak economic backdrop and additional challenges specific to the global construction industry, notably high construction material costs and labor shortages, says GlobalData, a leading data and analytics company. […]
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Construction industry’s 2022 growth will decrease to -3.1% in North America following increasing inflationary pressure, says GlobalData

Due to greater than expected inflationary pressure and further interest rates hikes, construction output in North America is forecast to contract to -3.1% in 2022 plunging to $1.87 trillion, compared to 2021’s construction output of $1.93 trillion, according to GlobalData. The leading data and analytics company’s report, ‘Global Construction Outlook to 2026, Q3 Update’, reveals […]
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GlobalData revises down Australasian construction output growth forecast to 4.1% in 2022

Construction activity in Australasia (Australia and New Zealand) slowed in the first quarter of this year, with outbreaks of the Omicron variant, flooding in eastern Australia, and rising construction material and labor costs disrupting construction works. As a result, GlobalData, a leading data and analytics company, has revised down its forecast of Australasian construction output […]
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Construction in Eastern Europe and Central Asia will continue to face significant headwinds in H2 2022 following Russia-Ukraine war, says GlobalData

Construction output in Eastern Europe and Central Asia is forecast to contract by 3.4% in 2022, found GlobalData. According to the leading data and analytics company, this is due to heavy contractions in the Russian and Ukrainian construction sectors, which are expected to contract by 8.5% and 69.1%, respectively. Excluding Ukraine, construction in the region […]
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Construction output in North America is forecast to grow by 2.4% in 2022 despite rising material prices and interest rate hikes, says GlobalData

Although construction output in North America is forecast to grow 2.4% in 2022 and is expected to reach $1.94 trillion, up from $1.89 trillion in 2021, following interest rate hikes and rising material prices, the recovery is lower than expected, found GlobalData, a leading data and analytics company. Jack Riddleston, Construction Analyst at GlobalData, comments: […]
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Egypt’s construction output remains resilient despite high inflation and currency depreciation, says GlobalData

Owing to ongoing economic instability in the form of high inflation and currency depreciation and rising prices for energy and construction materials, Egypt’s construction industry growth is expected to stand at 9.7% in real terms in 2022, following an 8.5% growth in 2021, found GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Egypt […]
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