This report provides a detailed analysis of the prospects for the global construction industry up to 2029.
The global construction market is facing a complex and multifaceted environment as it moves into Q3 2025, marked by ongoing geopolitical tensions, rising material costs, and shifting trade and economic policies across major regions. Despite a slower-than-expected recovery, industry output in 2024 was elevated by significant growth in the US market, as well as substantial government stimulus packages aimed at boosting energy and utilities construction and infrastructure. Overall, The analyst recorded real global construction output at 3.1% in 2024, however, the outlook for 2025 is likely to remain more muted, with the global construction market expected to register real terms growth of 2.3%. Throughout the year residential construction is expected to remain a drag on the industry, as the largest sector by size continues to struggle with elevated interest rates, limited housing demand, and rising costs for contractors.
The global construction market is facing a complex and multifaceted environment as it moves into Q3 2025, marked by ongoing geopolitical tensions, rising material costs, and shifting trade and economic policies across major regions. Despite a slower-than-expected recovery, industry output in 2024 was elevated by significant growth in the US market, as well as substantial government stimulus packages aimed at boosting energy and utilities construction and infrastructure. Overall, The analyst recorded real global construction output at 3.1% in 2024, however, the outlook for 2025 is likely to remain more muted, with the global construction market expected to register real terms growth of 2.3%. Throughout the year residential construction is expected to remain a drag on the industry, as the largest sector by size continues to struggle with elevated interest rates, limited housing demand, and rising costs for contractors.
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