Construction Market Size, Trends and Growth Forecasts by Regions and Countries, 2026-2030 (Q3 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 contract for a second consecutive year in 2026, with GlobalData forecasting a decline of 1.8% in real terms, following a 0.3% fall in 2025. The headline figure is dominated by the single largest market, China, where construction output is expected to fall by 9.0% in 2026, as the property downturn intensifies. China’s downgrade in growth accounts for almost the entire downward revision in global output compared with the previous quarter, as excluding the largest market from global output figures would lead to growth of 1.4% in 2026.

The outlook over the remainder of the forecast period is more positive. GlobalData expects global construction output to return to growth of 1.3% in 2027, before accelerating to 3.4% in 2028 and averaging 3.6% a year in 2029–30. Infrastructure and energy and utilities construction are expected to lead, both growing at an annual average rate of 3.4% between 2027 and 2030, supported by structural investment in the energy transition, grid expansion, digital infrastructure, and supply-chain reconfiguration, alongside large transport programs in South Asia, South-East Asia, Sub-Saharan Africa, and the Gulf.

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.

Key Highlights

The global construction market outlook for 2026-2030 is characterized by recovery alongside substantial regional divergence.

Global construction output is forecast to grow by 0.8% in real terms in 2026 after contracting by 0.3% in 2025.

Excluding China, global construction output is expected to expand by 3.1% in 2026, highlighting the influence of China’s prolonged construction weakness on the global aggregate.

North-East Asia is forecast to contract by 1.2% in 2026, while South Asia and South-East Asia are forecast to grow by 6.0% and 5.0%, respectively.

The report benchmarks 91 leading construction markets by construction market value and growth, providing a framework for geographic comparison.

Regional and country-level output data through 2030 can support market evaluation, strategic planning and assessment of commercial opportunities.

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

12 New Data Center Forecasts

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: Middle East and North Africa, Construction Output Growth (Real, % Change)

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

Table 22: Global Data Center Construction Output Forecast (Real, $ Million), 2022–2030

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, Value of Construction Put in Place ($ Billion, Seasonally Adjusted Annual Rate), YoY % Change

Figure 7: Canada, Construction Employment, In Thousands, In Seasonally Adjusted Terms

Figure 8: Canada, Dwelling Construction Started in Canada, In Number

Figure 9: The US, Value of Private Data Center Construction Put in Place ($ Billion, Seasonally Adjusted Annual Rate), YoY % Change

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

Figure 11: Brazil, Gross Fixed Capital Formation (BRL Billion, Chained at 1995 Prices)

Figure 12: Mexico, Construction Confidence Index, in Seasonally Adjusted Terms

Figure 13: Colombia, Building Construction Cost Index (2021=100)

Figure 14: Peru, Business Situation Index

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, Labor Cost Index (2020=100, Seasonally Adjusted)

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, Number of Unemployed People (In Thousands)

Figure 23: Turkiye, Construction Permits, In thousand m2

Figure 24: Poland, Construction Value-add (PLN Million, 2020 Chained Prices)

Figure 25: Slovakia, Construction production index (2021=100)

Figure 26: Bulgaria, Construction Production Index (Unadjusted, 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: Singapore, Construction Value-add (SGD Million, 2015 Chained Prices)

Figure 30: Malaysia, Construction Output Value (Current Prices, MYR Million)

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: Mongolia, Construction Value-add (MNT Billion, 2015 Constant Prices)

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

Figure 48: Saudi Arabia, Construction Value-Add (SAR Million, 2023 Constant Prices)

Figure 49: Bahrain, Outstanding Loans and Advances to the Construction and Real Estate Sector (BHD Million)

Figure 50: Egypt, Manufacturing Value-Add (EGP Million, 2021-2022 Constant Prices)

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, Gross Fixed Capital Formation (ZAR Billion, Constant 2015 Prices)

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