Construction Market Size, Trends and Growth Forecasts by Key Regions and Countries, 2023-2027

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This report provides a detailed analysis of the prospects for the global construction industry up to 2027.

The global construction industry remains in a troubled state, with key markets suffering a sharp slowdown in output growth in real terms (constant prices) or a contraction. Overall, the global construction industry is now expected to grow by 1.8% in 2023, but excluding China the growth rate will stand at just 0.4%. The deceleration in global growth reflects the challenging conditions in most markets around the world in the form of high inflation and a tightening in monetary policy that has dampened investment. The performances in major advanced economies will be particularly weak; GlobalData estimated that construction in advanced economies will shrink by 1.6% this year and by 0.6% next year. The gloomy prediction for 2023 reflects ongoing weakness in the US, which suffered a 6.3% drop in overall output in real terms, and faces a further decline of 3.1% this year.

Scope

• An overview of the outlook for the global construction industry to 2027.

• 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 2026. 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

About GlobalData

1. Global Outlook

2. Regional Outlook: US and Canada

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 and 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. GlobalData Construction

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