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Global Construction Outlook to 2023 - Q4 2019 Update

  • ID: 4912032
  • Report
  • December 2019
  • Region: Global
  • 87 pages
  • GlobalData
1h Free Analyst Time

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Global Construction Outlook to 2023 - Q4 2019 Update

Summary

The pace of expansion in the global construction industry in 2019 is expected to be the slowest in a decade, standing at 2.6%, according to the author. The slowdown in construction output growth has been particularly severe in advanced economies, including the US, the UK and Australia. In China, where the authorities are stepping up investment in infrastructure to prevent a continued slowdown, growth will remain positive, contributing to a slight acceleration in growth in total output in the emerging markets. Author's central forecast is for global construction output growth to edge up to 3.1% in 2020 and then to stabilize at 3.4% over the remainder of the forecast period, which runs to 2023. This is in part driven by a projected improvement in the global economy in 2020, which in turn relies improvements in financial market sentiment and a stabilization in some of the large currently-troubled emerging markets.

However, geopolitical risks are intensifying, and could potentially undermine investor confidence and disrupt capital flows in the early part of the forecast period. Risks to the overall forecast stem primarily from a possible escalation in the trade war between the US and China, and also inflamed tensions between the US and Iran following the recent drone strikes on Saudi Arabia’s largest oil processing center, which have been blamed on Iran. There is also a risk that China could overstep its efforts to support the economy, resulting in an unmanageable debt crisis, which would disrupt investment trends globally, most notably via the impact on demand in commodities markets. There are also other major emerging markets facing domestic political and economic stresses that could erupt into full-blown crises, creating a risk of contagion across these markets

This report provides a detailed analysis of the prospects for the global construction industry up to 2023.

Scope
  • An overview of the outlook for the global construction industry to 2023
  • Analysis of the outlook for the construction industry in major global regions: North America, Latin America, Western Europe, Eastern Europe, South and South-East Asia, North-East Asia, Australasia, the Middle East and North Africa, and Sub-Saharan Africa.
  • A comprehensive benchmarking of 92 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 2023. 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.
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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 AND SOUTH-EAST ASIA
6.1. Overview
6.2. Key Updates

7. REGIONAL OUTLOOK: AUSTRALASIA
7.1. Overview
7.2. Key Updates

8. REGIONAL OUTLOOK: NORTH-EAST ASIA
8.1. Overview
8.2. Key Updates

9. REGIONAL OUTLOOK: MIDDLE EAST AND NORTH AFRICA
9.1. Overview
9.2. Key Updates

10. REGIONAL OUTLOOK: SUB-SAHARAN AFRICA
10.1. Overview
10.2. Key Updates

11. ABOUT THE AUTHOR
11.1. Author at a Glance
11.2. Author Construction
11.3. Disclaimer
11.4. Contact Us

List of Tables
Table 1: Global Construction Output Growth (Real, % change), 2018-2023
Table 2: US and Canada, Construction Output Value (Real, US$ 2017 billion), 2014-2023
Table 3: Latin America, Construction Output Value (Real, US$ 2017 billion), 2014-2023
Table 4: Western Europe, Construction Output Value (Real, US$ 2017 billion), 2014-2023
Table 5: Eastern Europe and Central Asia, Construction Output Value (Real, US$ 2017 billion), 2014-2023
Table 6: South and South-East Asia, Construction Output Value (Real, US$ 2017 billion), 2014-2023
Table 7: North-East Asia, Construction Output Value (Real, US$ 2017 billion), 2014-2023
Table 8: Australasia, Construction Output Value (Real, US$ 2017 billion), 2014-2023
Table 9: Middle East and North Africa, Construction Output Value (Real, US$ 2017 billion), 2014-2023
Table 10: Sub-Saharan Africa, Construction Output Value (Real, US$ 2017 billion), 2014-2023
Table 11: US and Canada, Construction Output Growth (Real, % change)
Table 12: Latin America, Construction Output Growth (Real, % change)
Table 13: Western Europe, Construction Output Growth (Real, % change)
Table 14: Eastern Europe, Construction Output Growth (Real, % change)
Table 15: South and South-East Asia, Construction Output Growth (Real, % change)
Table 16: Australasia, Construction Output Growth (Real, % change)
Table 17: North-East Asia, Construction Output Growth (Real, % change)
Table 18: Middle East and North Africa, Construction Output Growth (Real, % change)
Table 19: Sub-Saharan Africa, Construction Output Growth (Real, % change)

List of Figures
Figure 1: Global Construction Output Growth (Real, % change), 2014-2023
Figure 2: Global Construction Output Growth (Real, average % change), 2014-2018 and 2019-2023
Figure 3: Global Construction Output Growth (Real, average % change), 2019-2023
Figure 4: Global Construction Output Value (Real, 2017 US$ billion), 2018 and 2023
Figure 5: US and Canada, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
Figure 6: US and Canada, Construction Output Growth (Real, average % change), 2019-2023
Figure 7: US and Canada, Construction Output Value (Real, US$ 2017 billion)
Figure 8: US, Value of Construction Put in Place Seasonally Adjusted (US$ million)
Figure 9: Canada, Construction Value-Add (% change year on year, 2012 chained dollars)
Figure 10: Latin America, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
Figure 11: Latin America, Construction Output Growth (Real, average % change), 2019-2023
Figure 12: Latin America, Construction Output Value (Real, US$ 2017 billion)
Figure 13: Argentina, Synthetic Indicator of Construction Activity
Figure 14: Mexico , Construction Value-Add (constant 2013 prices, % change, year on year)
Figure 15: Brazil, Construction Value-Add (BRL million, chained at 1995 prices)
Figure 16: Colombia, Construction Value-Add (COP, chained at 2015 prices, % change, year on year)
Figure 17: Chile, Construction Value-Add (CLP billion, chained at 2013 prices)
Figure 18: Peru, Construction Value-Add (PEN million, constant 2007 prices)
Figure 19: Western Europe, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
Figure 20: Western Europe, Construction Output Growth (Real, average % change), 2019-2023
Figure 21: Western Europe, Construction Output Value (Real, US$ 2017 billion)
Figure 22: Germany, Construction Value Add (EUR Million, 2010 chained prices)
Figure 23: UK, Construction Output (% change, year on year)
Figure 24: Greece, Construction Production Index (% change, year on year)
Figure 25: Sweden, Construction Production Index (% change, year on year)
Figure 26: France, Construction Value-add (Chain linked volumes,2015, EUR Million)
Figure 27: Austria, Construction Value-add (Chain linked volumes,2015, EUR Million)
Figure 28: Eastern Europe, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
Figure 29: Eastern Europe, Construction Output Growth (Real, average % change), 2019-2023
Figure 30: Eastern Europe, Construction Output Value (Real, US$ 2017 billion)
Figure 31: Russia, Construction Value-Add (% change, year on year)
Figure 32: Poland, Construction Production Index (% change, year on year)
Figure 33: Turkey, Construction Value-Add (Constant Prices)
Figure 34: Hungary, Construction Production Index (% change, year on year)
Figure 35: Czech Republic, Construction Production Index (% change, year on year)
Figure 36: South and South-East Asia, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
Figure 37: South and South-East Asia, Construction Output Growth (Real, average % change), 2019-2023
Figure 38: South and South-East Asia, Construction Output Value (Real, US$ 2017 billion)
Figure 39: Singapore, Construction Value-Add (Constant Prices)
Figure 40: Indonesia, Construction Value-Add (IDR Billion, Constant Prices)
Figure 41: Thailand, Construction Value-Add (Constant Prices)
Figure 42: Malaysia, Construction Put in Place (MYR Million, Current Prices)
Figure 43: India, Construction Value-Add (INR Billion, Constant Prices)
Figure 44: Australasia, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
Figure 45: Australasia, Construction Output Growth (Real, average % change), 2019-2023
Figure 46: Australasia, Construction Output Value (Real, US$ 2017 billion)
Figure 47:Australia, Construction Work Done (Chained volume measure, AUD million)
Figure 48:Australia, Dwelling Units Approvals (Number of units)
Figure 49:New Zealand, Building Work Put in Place (Chained volume measure, NZD million)
Figure 50: North-East Asia, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
Figure 51: North-East Asia, Construction Output Growth (Real, average % change), 2019-2023
Figure 52: North-East Asia, Construction Output Value (Real, US$ 2017 billion)
Figure 53: South Korea, Construction Value-Add (% change, year on year)
Figure 54: Japan, Construction Contracts, Order Values (JPY trillion)
Figure 55: China, Construction Value-Add (Constant prices)
Figure 56: Hong Kong, Gross Value of Construction Works (HKD Million, Constant prices)
Figure 57: Middle East and North Africa, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
Figure 58:Middle East and North Africa, Construction Output Growth (Real, average % change), 2019-2023
Figure 59: Middle East and Africa, Construction Output Value (Real, US$ 2017 billion)
Figure 60: Israel - Construction Value-Add (NIS million, Constant Prices)
Figure 61: Qatar, Construction Value-Add (QAR million, Constant Prices)
Figure 62: Saudi Arabia- Construction Value-Add (SAR million, Constant Prices)
Figure 63: Bahrain, Construction Value-Add (BHD million, Constant Prices)
Figure 64: Egypt, Construction Value-Add (EGP million, Constant Prices)
Figure 65: Oman, Construction Value-Add (OMR million, Constant Prices)
Figure 66: Tunisia, Construction Value-Add (TND million, Constant Prices)
Figure 67: Algeria, Construction Value-Add (DZD million, Current Prices)
Figure 68: Morocco, Construction Value (MAD million, Chained Prices)
Figure 69: Sub-Saharan Africa, Construction Output Growth (Real, average % change), 2014-2018 vs 2019-2023
Figure 70: Sub-Saharan Africa, Construction Output Growth (Real, average % change), 2019-2023
Figure 71: Sub-Saharan Africa, Construction Output Value (Real, US$ 2017 billion)
Figure 72: Nigeria, Construction Value-Add (NGN million, Constant Prices)
Figure 73: South Africa, Construction Value-Add (ZAR million, Constant Prices Seasonally Adjusted)
Figure 74: Cameroon, Construction Value-Add (CFA billion, Constant Prices)
Figure 75: Ghana, Construction Value Add (GHS million, Constant Prices)
Figure 76: Tanzania, Construction Value-Add (TZS billion, Constant Prices)
Figure 77: Zambia, Construction Value-Add (ZMK million, Constant Prices)
Figure 78: Kenya, Construction Value-Add (KSH million, Constant Prices)
Figure 79: Mozambique, Construction Value-Add (MZN million, Constant Prices)
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