This report provides a detailed analysis of the prospects for the global construction industry up to 2029.
The analyst forecasts global construction output to rise by a more muted 2.3% in 2025, as rising uncertainty over geopolitical tensions and looming US tariff policies stifle progress worldwide. This marks a decline in the rate of growth compared with 2024, where output increased by 3.1%, and comes following significant revisions to key construction economies such as the US. Despite exhibiting a higher rate of growth, the 2024 construction environment was characterized by increased liquidity, with rising access to credit, as disinflation enabled monetary easing worldwide. It was hoped that declining interest rates would facilitate a rise to the largest component of construction output - residential - which makes up 34.3% of the total industry. However, increased uncertainty has driven widening bond yields, with 30-year mortgage lending rates not falling as substantially as central bank interest rates. Therefore, instead of 2024 creating a launchpad for the industry, allowing further growth over the forecast period, the prospect of a global trade war and increased likelihood of recession, has resulted in lower construction output expectations. As a result, The analyst has revised its forecast for 2025, downgrading growth compared with the 2.8% estimated in the Q4 2024 Global Construction Outlook.
The analyst forecasts global construction output to rise by a more muted 2.3% in 2025, as rising uncertainty over geopolitical tensions and looming US tariff policies stifle progress worldwide. This marks a decline in the rate of growth compared with 2024, where output increased by 3.1%, and comes following significant revisions to key construction economies such as the US. Despite exhibiting a higher rate of growth, the 2024 construction environment was characterized by increased liquidity, with rising access to credit, as disinflation enabled monetary easing worldwide. It was hoped that declining interest rates would facilitate a rise to the largest component of construction output - residential - which makes up 34.3% of the total industry. However, increased uncertainty has driven widening bond yields, with 30-year mortgage lending rates not falling as substantially as central bank interest rates. Therefore, instead of 2024 creating a launchpad for the industry, allowing further growth over the forecast period, the prospect of a global trade war and increased likelihood of recession, has resulted in lower construction output expectations. As a result, The analyst has revised its forecast for 2025, downgrading growth compared with the 2.8% estimated in the Q4 2024 Global Construction Outlook.
Scope
- An overview of the outlook for the global construction industry to 2029.
- 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 2029. 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: US and Canada
3 Regional Outlook: Latin America
4 Regional Outlook: Western Europe
5 Regional Outlook: Eastern Europe & Central Asia
6 Regional Outlook: South-East Asia
7 Regional Outlook: South Asia
8 Regional Outlook: Australasia
9 Regional Outlook: North-East Asia
10 Regional Outlook: Middle East and North Africa
11 Regional Outlook: Sub-Saharan Africa
List of Tables
List of Figures
