Construction Market Size, Trends and Growth Forecasts by Key Regions and Countries, 2023-2027
Accessing in-depth insights from the ‘Construction Market’ report will give you:
- An overview of the global construction industry to 2027.
- Detailed outlook of the major regions: North America, Latin America, Western Europe, Eastern Europe, South Asia, South-East Asia, North-East Asia, Australasia, the Middle East and North Africa and Sub-Saharan Africa.
- Analysis of the latest data on construction output trends in key markets
- A comprehensive benchmarking of 91 leading construction markets according to construction market value and growth.
How is the ‘Construction Market’ report different from other reports in the market?
- Evaluate regional construction trends from insight on output values and forecast data to 2027.
- 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.
- Construction output value provided across five sub-sectors including railways, roads, electricity and power, water and sewage, and others from 2017 to 2027.
We recommend this valuable source of information to anyone involved in:
- Contractors Including Civil Works, Electrical, HVAC, and Others
- Consultants/Designers
- Building Material Merchants/Players
- Construction Equipment Suppliers
- Management Consultants and Investment Banks
- Portfolio Managers/Buy-side Firms
- Insurance Companies
To get a snapshot of the construction market report, download a free report sample
Construction Market Overview
The construction industry is anticipated to witness sluggish growth in 2023 mainly due to the weak economic backdrop, and additional challenges such as high construction materials costs and labor shortages. However, with improvement in economic stability, the construction industry is anticipated to grow at an annual average rate of more than 4% during 2025-2027.
| AAGR (2025-2027) | >4% |
| Forecast Year | 2023-2027 |
| Key Regions | North-East Asia, South-East Asia, South Asia, Australasia, Middle East and North Africa, Sub-Saharan Africa, US and Canada, Latin America, Western Europe, and Eastern Europe and Central Asia |
This construction industry report provides a detailed analysis of the prospects for the global construction industry up to 2027. The report also covers the regional outlook with a country-wise overview and crucial updates from different construction sectors.
For more insights on the construction industry forecasts, download a free sample report
Construction Market Dynamics
Globally, residential construction has recovered well from the downturn in 2020 amid the COVID-19 disruption, with government incentive schemes and a build-up of household savings helping to drive up residential building work, particularly on the renovation side to improve energy efficiency. The commercial construction sector was hit hard by the restrictions imposed amid the COVID-19 pandemic, and there were emerging signs of recovery as travel restrictions were lifted, but the general weaker economic outlook and higher interest rates will hit underlying demand, further pushing out a full recovery in leisure and hospitality buildings, offices and in the retail buildings sector.
Investment in the infrastructure and energy and utilities sectors remains a major driver of overall construction output growth. These sectors expanded in 2020 despite COVID-19 disruptions, which reflected the efforts by governments and public institutions to accelerate investment to stimulate activity. The recovery from the pandemic and the easing of restrictions allowed the resumption of work on major projects in 2021, and growth is set to remain strong in the coming years, particularly given major investment programs in the US and China.
For more insights on construction industry dynamics, download a free sample report
Construction Market Segmentation by Regions
The key regions in the construction market are North-East Asia, South-East Asia, South Asia, Australasia, Middle East and North Africa, Sub-Saharan Africa, US and Canada, Latin America, Western Europe, and Eastern Europe and Central Asia. In 2023, North-East Asia accounted for the largest construction market growth.
The construction activity in North-East Asia strengthened in the final quarter of last year, and due to this construction output increased in 2022. Growth in Q4 2022 strengthened primarily due to robust activity in China, despite the continued downturn in its real estate sector.
Construction Market Analysis by Regions, 2023 (%)
For more regional insights on the global construction market, download a free sample
Segments Covered in the Report
Construction Market Regions Outlook (Value, $Billion, 2017-2027)
- North-East Asia
- South-East Asia
- South Asia
- Australasia
- Middle East and North Africa
- Sub-Saharan Africa
- North America
- Latin America
- Western Europe
- Eastern Europe
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
North-East Asia, South-East Asia, South Asia, Australasia, Middle East and North Africa, Sub-Saharan Africa, North America, Latin America, Western Europe, and Eastern Europe are the key regions in the global construction industry.
North-East Asia leads in the global construction industry in 2023.
Mongolia, China, Hong Kong, Japan, Taiwan, South Korea, and Macau are some of the prominent revenue-generating economies in the North-East Asia construction industry.
Get in touch to purchase a bespoke set of construction project profiles
reportstore@globaldata.com
Tel +44 (0) 20 7947 2960
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.
Still undecided about purchasing this report?
Testimonial
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.
