Construction Market Size, Trends and Growth Forecasts by Regions and Countries, 2026-2030 (Q2 2026)

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Global construction market analysis to 2030: explore regional forecasts, output trends, infrastructure investment, market benchmarking, and construction industry growth opportunities worldwide.

This report provides a detailed analysis of the prospects for the global construction industry up to 2030.

Global construction output is set to return to growth in 2026, although the recovery is expected to remain shallow and uneven across different regions. GlobalData forecasts output to expand by 0.8% in real terms, following a 0.3% contraction in 2025. However, the aggregate figure understates the underlying momentum across most markets, as excluding China from total output figures would lead to a 3.1% expansion in 2026. As a result, these figures indicate a concentrated weakness in the single largest construction market, rather than reflecting a broad-based global downturn. Although many countries will rebound this year, the recovery is taking shape against a challenging backdrop, tapering output growth. Persistent cost pressures and a succession of geopolitical shocks, including the ongoing wars in the Middle East and Ukraine and the crisis in Venezuela, have contributed to sustained energy-price volatility and elevated freight costs.

Despite the more positive outlook, several of the weakest markets in 2026 will be among the largest. For example, North-East Asia is the only region set to contract in 2026, declining by 1.2%, as China’s prolonged property downturn continues to suppress private sector building investment. Due to its size, the output decline in China will be large enough to restrict Asia-Pacific growth to 0.5% in 2026, even as South Asia grows 6.0% and South-East Asia 5.0%.

Scope

An overview of the outlook for the global construction industry to 2030.

Analysis of the outlook for the construction industry in major global 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.

A comprehensive benchmarking of 91 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 2030. 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.

Table of Contents

1 Global Outlook

2 Regional Outlook: North America

2.1 Overview

2.2 Key Updates

3 Regional Outlook: Latin America

3.1 Overview

3.2 Key Updates

4 Regional Outlook: Western Europe

4.1 Overview

4.2 Key Updates

5 Regional Outlook: Eastern Europe & Central Asia

5.1 Overview

5.2 Key Updates

6 Regional Outlook: South-East Asia

6.1 Overview

6.2 Key Updates

7 Regional Outlook: South Asia

7.1 Overview

7.2 Key Updates

8 Regional Outlook: Australasia

8.1 Overview

8.2 Key Updates

9 Regional Outlook: North-East Asia

9.1 Overview

9.2 Key Updates

10 Regional Outlook: Middle East and North Africa

10.1 Overview

10.2 Key Updates

11 Regional Outlook: Sub-Saharan Africa

11.1 Overview

11.2 Key Updates

Appendix

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Table

Table 1: Global Construction Output Growth (Real, % Change), 2021–2030

Table 2: North America, Construction Output Value (Real, $ 2022 Billion), 2021–2030

Table 3: Latin America, Construction Output Value (Real, $ 2022 Billion), 2021–2030

Table 4: Middle East and North Africa, Construction Output Value (Real, $ 2022 Billion), 2021–2030

Table 5: Sub-Saharan Africa, Construction Output Value (Real, $ 2022 Billion), 2021–2030

Table 6: South-East Asia, Construction Output Value (Real, $ 2022 Billion), 2021–2030

Table 7: South Asia, Construction Output Value (Real, $ 2022 Billion), 2021–2030

Table 8: North-East Asia, Construction Output Value (Real, $ 2022 Billion), 2021–2030

Table 9: Australasia, Construction Output Value (Real, $ 2022 Billion), 2021–2030

Table 10: Western Europe, Construction Output Value (Real, $ 2022 Billion), 2021–2030

Table 11: Eastern Europe & Central Asia, Construction Output Value (Real, $ 2022 Billion), 2021–2030

Table 12: US and Canada, Construction Output Growth (Real, % Change)

Table 13: Latin America, Construction Output Growth (Real, % Change)

Table 14: Western Europe, Construction Output Growth (Real, % Change)

Table 15: Eastern Europe and Central Asia, Construction Output Growth (Real, % Change)

Table 16: South-East Asia, Construction Output Growth (Real, % Change)

Table 17: South Asia, Construction Output Growth (Real, % Change)

Table 18: Australasia, Construction Output Growth (Real, % Change)

Table 19: North-East Asia, Construction Output Growth (Real, % Change)

Table 20: North-East Asia, Construction Output Growth (Real, % Change)

Table 21: Sub-Saharan Africa, Construction Output Growth (Real, % Change)

Figures

Figure 1: Global Construction Output Value by Sector (Real, Index 2019=100), 2021–2030

Figure 2: Global Construction Output Value by Region (Real, 2022 $ Billion), 2021–2030

Figure 3: Global Construction Output and GDP by Region and Sector, 2026

Figure 4: Construction Output Growth vs Risk Q1 2026, by Country

Figure 5: US and Canada, Construction Output Value (Real, $ 2022 Billion)

Figure 6: The US, Producer Price Index for Construction

Figure 7: Canada, Construction Value-Add (CAD Million, 2012 Constant Prices), Seasonally Adjusted at Annual Rates

Figure 8: Canada, Value of Building Permits Issued, in Seasonally Adjusted Constant Prices, % Change YoY

Figure 9: The US, Number of People Employed in the Construction Industry, In Thousands

Figure 10: Latin America, Construction Output Value (Real, $ 2022 Billion)

Figure 11: Brazil, Number of People Employed in the Construction Industry, In Thousands

Figure 12: Mexico, Commercial Trade Confidence Index, In Seasonally Adjusted Terms

Figure 13: Uruguay, Housing Construction Cost Index, Base June 2023 = 100

Figure 14: Argentina, Construction Cost Index in Greater Buenos Aires (2022=100)

Figure 15: Western Europe, Construction Output Value (Real, $ 2022 Billion)

Figure 16: The UK, Construction Output, Chained Volume Measures, Seasonally Adjusted (GBP Million)

Figure 17: Germany, Gross Fixed Capital Formation, Current Prices (% Change YoY)

Figure 18: France, Construction Production Index (2021=100)

Figure 19: Italy, Business registration and bankruptcy index (2021=100, Unadjusted)

Figure 20: Spain, Building Permits – m2 of Useful Floor Area Index (2021=100)

Figure 21: Eastern Europe and Central Asia, Construction Output Value (Real, $ 2022 Billion)

Figure 22: Russia, Construction Value-add (RUB Billion, 2021 Constant Prices)

Figure 23: Turkiye, Construction Permits, In thousand m2

Figure 24: Poland, Employment in the Construction Industry, In Thousands

Figure 25: The Czech Republic, Economic Sentiment Indicator, Business and Consumer Confidence Indicator

Figure 26: Romania, Construction Production Index (2021=100)

Figure 27: South and South-East Asia, Construction Output Value (Real, $ 2022 Billion)

Figure 28: The Philippines, Construction Value-Add (PHP Billion, 2018 Constant Prices)

Figure 29: Malaysia, Construction Output Value (Current Prices, MYR Million)

Figure 30: Indonesia, Construction Value-Add (2010 Constant Prices, IDR Trillion)

Figure 31: Vietnam, Construction Value Add, 2010 Constant Prices (VND Billion)

Figure 32: South Asia, Construction Output Value (Real, $ 2022 Billion)

Figure 33: India, Construction Value-Add (Constant 2022–23 Prices, INR Billion)

Figure 34: Bangladesh, Construction Value-Add at Constant Market Price (FY2015–16 Prices, BDT Million)

Figure 35: Pakistan, Construction Value Add, Constant Basic Prices of 2015-16 (PKR Million)

Figure 36: Sri Lanka, Construction Output (LKR Million, 2015 Constant Prices)

Figure 37: Australasia, Construction Output Value (Real, $ 2022 Billion)

Figure 38: Australia, Total Value of Construction Work Done, AUD Billion Chain Volume Measures

Figure 39: Australia, Total Value of Building Construction Works Done, % Change YoY

Figure 40: New Zealand, Construction Value-Add, (NZD Million, 2009/2010 Chain-Volume Measures)

Figure 41: New Zealand, Total Value of Building Work Put in Place, % Change YoY

Figure 42: North-East Asia, Construction Output Value (Real, $ 2022 Billion)

Figure 43: China, Construction Output (Nominal, CNY Million)

Figure 44: South Korea, Construction Value-Add (KRW Trillion, 2020 Chained Prices, Unadjusted)

Figure 45: Japan, Total Value of Private Sector Investments on Buildings (JPY Billion)

Figure 46: Macau, Gross Fixed Capital Formation (Chained 2024 Prices, % Change YoY)

Figure 47: Middle East and North Africa, Construction Output Value (Real, $ 2022 Billion)

Figure 48: Qatar, Total Building Permits, In Numbers

Figure 49: Egypt, Construction Value-Add (EGP Million, 2021-2022 Constant Prices)

Figure 50: Israel, Unemployment (In thousands)

Figure 51: Sub-Saharan Africa, Construction Output Value (Real, $ 2022 Billion)

Figure 52: Nigeria, Credit to the Construction Industry (NGN Billion)

Figure 53: South Africa, Construction Materials Price Index, Total Construction, December 2023=100

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