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Global Construction Outlook to 2022: Q3 2018 Update

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Global Construction Outlook to 2022: Q3 2018 Update

Summary

GlobalData expects the pace of expansion in the global construction industry to average 3.6% a year over the forecast period (2018-2022). In real value terms (measured at constant 2017 prices and USD exchange rates), global construction output is forecast to rise to USD 12.9 trillion in 2022, up from USD 10.8 trillion in 2017.

There are intensifying downside risks to global economic growth, notably stemming from the erupting trade war between the US and China, but the global economy will continue to expand in the range of 2.5% to 3% a year in 2018-2022. The tightening in monetary policy in major markets will push up the cost of borrowing, but given that interest rates are generally at or near historical lows, this process is not expected to have a major impact on construction activity during the early part of the forecast period. Construction output growth will improve slightly to 3.7% in 2019-2020, before easing back in the latter part of the forecast period, reflecting trends in some of the largest markets, notably China and the US.

This report provides a detailed analysis of the prospects for the global construction industry up to 2022.

Key Highlights

- The improvement in global construction output growth in 2018, accelerating from 3.1% in 2017, reflects a recovery in the US as well as general improvements across the emerging markets. In South and South-East Asia, for example, construction in India has regained growth momentum, while the pick-up in oil prices has supported the recovery in the Middle East and Africa.

- Growth in emerging markets will remain in excess of that in advanced economies over the forecast period, and will steadily gather pace in 2018-2020. Although construction output growth in China is set to slow, to average 4.2% in 2018-2022, this will be offset by an acceleration in construction growth in India. The expansion in advanced economies will remain stable, at 2.5% in 2019-2020 before easing back over the remainder of the forecast period.

- The Asia-Pacific region will continue to account for the largest share of the global construction industry, given that it includes the large markets of China, Japan and India. The pace of growth will slow, however, given the projected slowdown in China's construction industry.

- Construction activity is gathering momentum across Western Europe. The region's output will expand by 2.4% a year on average in 2018-2022, improving on the sluggish growth of 1.1% in 2013-2017. The expansion in the UK is subject to major downside risks in the face of uncertainty relating to the outcome of its exit from the EU. Monetary policy within the EU will remain accommodating for much of the forecast period, given subdued inflationary pressures and moderate levels of economic growth.

- There were sharp contractions in construction output in many Eastern European countries in 2016, due to stalled EU funds. There was a sharp reversal in 2017, however, and assuming EU funding continues to flow, the region will expand by 4.8% over the forecast period. The weakness in Russia's economy will continue to weigh on the country's construction industry. The impact of the ending of building works related to the Fifa 2018 World Cup will to some extent be offset by the expected improvement in oil prices, which will support investment growth.

- The Middle East and Africa region as a whole will be the fastest growing in 2018-2022, with an annual average growth of 6.4%. Countries in the Gulf Cooperation Council (GCC) have suffered from weakness in oil prices in recent years, as government revenues have been greatly reduced. As oil prices pick up, however, large-scale investment in infrastructure projects-mostly related to transport-will be a key driving force behind the growth in the region. Despite the challenges posed by the regional blockade, Qatar's construction industry will remain one of the fastest growing in the world, driven by a number of multi-billion infrastructure development projects, as well as preparations for Fifa 2022.

- The pace of growth in sub-Saharan Africa will be particularly strong, averaging 6.6% a year in 2018-2022. There will be a steady acceleration in construction activity in Nigeria over the forecast period to 2022, supported by government efforts to revitalize the economy by focusing on developing the country's infrastructure. Ethiopia will be Africa's star performer, with its construction industry continuing to improve in line with the country's economic expansion.

- Construction activity in Latin America contracted in 2017, reflecting declines in Brazil, Mexico, Colombia and Chile. There will be an improvement in 2018, with the region growing by 1.0% in real terms, but the expansion will continue to be subject to downside risks, with fragile recoveries in Brazil and Mexico. Having expanded rapidly in 2017 and early 2018, there has been an abrupt halt to the pace of construction output in Argentina amid a major corruption scandal and a deterioration in economic stability.

Scope

- An overview of the outlook for the global construction industry to 2022

- 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 2022. 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.

READ MORE

Table Of Content

Scope

Table of Contents

1. GLOBAL OUTLOOK 7

2. REGIONAL OUTLOOK: US AND CANADA 15

2.1. Overview 15

2.2. Key Updates 17

3. REGIONAL OUTLOOK: LATIN AMERICA 19

3.1. Overview 19

3.2. Key Updates 23

4. REGIONAL OUTLOOK: WESTERN EUROPE 26

4.1. Overview 26

4.2. Key Updates 30

5. REGIONAL OUTLOOK: EASTERN EUROPE AND CENTRAL ASIA 32

5.1. Overview 32

5.2. Key Updates 35

6. REGIONAL OUTLOOK: SOUTH AND SOUTH-EAST ASIA 39

6.1. Overview 39

6.2. Key Updates 43

7. REGIONAL OUTLOOK: AUSTRALASIA 46

7.1. Overview 46

7.2. Key Updates 49

8. REGIONAL OUTLOOK: NORTH-EAST ASIA 50

8.1. Overview 50

8.2. Key Updates 53

9. REGIONAL OUTLOOK: MIDDLE EAST AND NORTH AFRICA 55

9.1. Overview 55

9.2. Key Updates 59

10. REGIONAL OUTLOOK: SUB-SAHARAN AFRICA 61

10.1. Overview 61

10.2. Key Updates 65

11. ABOUT GLOBALDATA 67

11.1. GlobalData at a Glance 67

11.2. GlobalData Construction 68

11.3. Disclaimer 69

11.4. Contact Us 69


List Of Figure

List of Figures

Figure 1: Global Construction Output Growth, Advanced Economies vs Emerging Markets (Real, % change), 2013-2022 9

Figure 2: Global Construction Output Growth (Real, average % change), 2013-2017 and 2018-2022 9

Figure 3: Global Construction Output Growth (Real, average % change), 2018-2022 10

Figure 4: Global Construction Output Value (Real, 2017 USD billion), 2017 and 2022 10

Figure 5: US and Canada, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 15

Figure 6: US and Canada, Construction Output Growth (Real, average % change), 2018-2022 16

Figure 7: US and Canada, Construction Output Value (Real, USD 2017 billion) 17

Figure 8: The US-Construction Output Growth Gathers Pace 17

Figure 9: Canada-Construction Growth Remains in Positive Territory 18

Figure 10: Latin America, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 19

Figure 11: Latin America, Construction Output Growth (Real, average % change), 2018-2022 20

Figure 12: Latin America, Construction Output Value (Real, USD 2017 billion) 22

Figure 13: Brazil-Construction Activity Remains in Negative Territory 23

Figure 14: Argentina-Construction Output Growth Decelerates 23

Figure 15: Mexico-Construction Industry is Rebounding 24

Figure 16: Colombia-Construction Output Declines Sharply 24

Figure 17: Peru-Continued Recovery 25

Figure 18: Chile-Construction Growth Continues on an Upward Trend 25

Figure 19: Western Europe, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 26

Figure 20: Western Europe, Construction Output Growth (Real, average % change), 2018-2022 27

Figure 21: Western Europe, Construction Output Value (Real, USD 2017 billion) 29

Figure 22: Germany-Sharp Improvement in Civil Engineering 30

Figure 23: France-A Second Successive Quarter of Contraction 30

Figure 24: UK-Marginal Recovery Following Poor Start to the Year 31

Figure 26: Austria-Continued High Rates of Growth 31

Figure 27: Eastern Europe, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 32

Figure 28: Eastern Europe, Construction Output Growth (Real, average % change), 2018-2022 33

Figure 29: Eastern Europe, Construction Output Value (Real, USD 2017 billion) 35

Figure 30: Romania-Marginal Growth, But Continued Decline in Buildings Construction 36

Figure 31: Hungary-Continued Rapid Growth in Civil Engineering 36

Figure 32: Czech Republic-Buildings Activity Remains Strong 37

Figure 33: Poland-Buildings and Civil Engineering Boost Overall Growth 37

Figure 34: Slovakia-Strong Growth in Civil Engineering Offsets Weakness in Buildings 38

Figure 35: South and South-East Asia, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 39

Figure 36: South and South-East Asia, Construction Output Growth (Real, average % change), 2018-2022 40

Figure 37: South and South-East Asia, Construction Output Value (Real, USD 2017 billion) 42

Figure 38: Singapore-Construction Industry Remains Subdued 43

Figure 39: Thailand-Continued Recovery 43

Figure 40: Indonesia-Slight Slowdown in Pace of Growth 44

Figure 41: Malaysia-Growth Continues to Slide 44

Figure 42: India-Regaining Growth Momentum 45

Figure 43: Australasia, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 46

Figure 44: Australasia, Construction Output Growth (Real, average % change), 2018-2022 47

Figure 45: Australasia, Construction Output Value (Real, USD 2017 billion) 48

Figure 46: Australia-Healthy Recovery Continues 49

Figure 47: New Zealand-Steady Performance in Buildings 49

Figure 48: North-East Asia, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 50

Figure 49: North-East Asia, Construction Output Growth (Real, average % change), 2018-2022 51

Figure 50: North-East Asia, Construction Output Value (Real, USD 2017 billion) 52

Figure 51: Japan-Marginal Increase in Building Starts 53

Figure 52: China-Continuing to Lose Growth Momentum 53

Figure 53: South Korea-Struggling to Generate Growth 54

Figure 54: Middle East and North Africa, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 55

Figure 55:Middle East and North Africa, Construction Output Growth (Real, average % change), 2018-2022 56

Figure 56: Middle East and Africa, Construction Output Value (Real, USD 2017 billion) 58

Figure 57: Israel-Residential Downturn Contributes to Drop in Construction 59

Figure 58: Iran-Fast Construction Growth, But Sanctions Will Hit Hard 59

Figure 59: Oman-Construction Remains Weak 60

Figure 60: Sub-Saharan Africa, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 61

Figure 61: Sub-Saharan Africa, Construction Output Growth (Real, average % change), 2018-2022 62

Figure 62: Sub-Saharan Africa, Construction Output Value (Real, USD 2017 billion) 64

Figure 63: Kenya-Strong Growth, But Slowing from Previous High 65

Figure 64: Nigeria-Sharp Rebound in Growth 65

Figure 65: South Africa-Construction Recovers on Quarter-on-Quarter Basis 66


List Of Table

List of Tables

Table 1: Global Construction Output Growth (Real, % change), 2017-2022 7

Table 2: US and Canada, Construction Output Value (Real, USD 2017 billion), 2013-2022 11

Table 3: Latin America, Construction Output Value (Real, USD 2017 billion), 2013-2022 11

Table 4: Western Europe, Construction Output Value (Real, USD 2017 billion), 2013-2022 11

Table 5: Eastern Europe and Central Asia, Construction Output Value (Real, USD 2017 billion), 2013-2022 12

Table 6: South and South-East Asia, Construction Output Value (Real, USD 2017 billion), 2013-2022 12

Table 7: North-East Asia, Construction Output Value (Real, USD 2017 billion), 2013-2022 13

Table 8: Australasia, Construction Output Value (Real, USD 2017 billion), 2013-2022 13

Table 9: Middle East and North Africa, Construction Output Value (Real, USD 2017 billion), 2013-2022 13

Table 10: Sub-Saharan Africa, Construction Output Value (Real, USD 2017 billion), 2013-2022 14

Table 11: US and Canada, Construction Output Growth (Real, % change) 16

Table 12: Latin America, Construction Output Growth (Real, % change) 20

Table 13: Western Europe, Construction Output Growth (Real, % change) 27

Table 14: Eastern Europe, Construction Output Growth (Real, % change) 33

Table 15: South and South-East Asia, Construction Output Growth (Real, % change) 40

Table 16: Australasia, Construction Output Growth (Real, % change) 47

Table 17: North-East Asia, Construction Output Growth (Real, % change) 51

Table 18: Middle East and North Africa, Construction Output Growth (Real, % change) 56

Table 19: Sub-Saharan Africa, Construction Output Growth (Real, % change) 62

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Global Construction Outlook to 2022: Q3 2018 Update

Summary

GlobalData expects the pace of expansion in the global construction industry to average 3.6% a year over the forecast period (2018-2022). In real value terms (measured at constant 2017 prices and USD exchange rates), global construction output is forecast to rise to USD 12.9 trillion in 2022, up from USD 10.8 trillion in 2017.

There are intensifying downside risks to global economic growth, notably stemming from the erupting trade war between the US and China, but the global economy will continue to expand in the range of 2.5% to 3% a year in 2018-2022. The tightening in monetary policy in major markets will push up the cost of borrowing, but given that interest rates are generally at or near historical lows, this process is not expected to have a major impact on construction activity during the early part of the forecast period. Construction output growth will improve slightly to 3.7% in 2019-2020, before easing back in the latter part of the forecast period, reflecting trends in some of the largest markets, notably China and the US.

This report provides a detailed analysis of the prospects for the global construction industry up to 2022.

Key Highlights

- The improvement in global construction output growth in 2018, accelerating from 3.1% in 2017, reflects a recovery in the US as well as general improvements across the emerging markets. In South and South-East Asia, for example, construction in India has regained growth momentum, while the pick-up in oil prices has supported the recovery in the Middle East and Africa.

- Growth in emerging markets will remain in excess of that in advanced economies over the forecast period, and will steadily gather pace in 2018-2020. Although construction output growth in China is set to slow, to average 4.2% in 2018-2022, this will be offset by an acceleration in construction growth in India. The expansion in advanced economies will remain stable, at 2.5% in 2019-2020 before easing back over the remainder of the forecast period.

- The Asia-Pacific region will continue to account for the largest share of the global construction industry, given that it includes the large markets of China, Japan and India. The pace of growth will slow, however, given the projected slowdown in China's construction industry.

- Construction activity is gathering momentum across Western Europe. The region's output will expand by 2.4% a year on average in 2018-2022, improving on the sluggish growth of 1.1% in 2013-2017. The expansion in the UK is subject to major downside risks in the face of uncertainty relating to the outcome of its exit from the EU. Monetary policy within the EU will remain accommodating for much of the forecast period, given subdued inflationary pressures and moderate levels of economic growth.

- There were sharp contractions in construction output in many Eastern European countries in 2016, due to stalled EU funds. There was a sharp reversal in 2017, however, and assuming EU funding continues to flow, the region will expand by 4.8% over the forecast period. The weakness in Russia's economy will continue to weigh on the country's construction industry. The impact of the ending of building works related to the Fifa 2018 World Cup will to some extent be offset by the expected improvement in oil prices, which will support investment growth.

- The Middle East and Africa region as a whole will be the fastest growing in 2018-2022, with an annual average growth of 6.4%. Countries in the Gulf Cooperation Council (GCC) have suffered from weakness in oil prices in recent years, as government revenues have been greatly reduced. As oil prices pick up, however, large-scale investment in infrastructure projects-mostly related to transport-will be a key driving force behind the growth in the region. Despite the challenges posed by the regional blockade, Qatar's construction industry will remain one of the fastest growing in the world, driven by a number of multi-billion infrastructure development projects, as well as preparations for Fifa 2022.

- The pace of growth in sub-Saharan Africa will be particularly strong, averaging 6.6% a year in 2018-2022. There will be a steady acceleration in construction activity in Nigeria over the forecast period to 2022, supported by government efforts to revitalize the economy by focusing on developing the country's infrastructure. Ethiopia will be Africa's star performer, with its construction industry continuing to improve in line with the country's economic expansion.

- Construction activity in Latin America contracted in 2017, reflecting declines in Brazil, Mexico, Colombia and Chile. There will be an improvement in 2018, with the region growing by 1.0% in real terms, but the expansion will continue to be subject to downside risks, with fragile recoveries in Brazil and Mexico. Having expanded rapidly in 2017 and early 2018, there has been an abrupt halt to the pace of construction output in Argentina amid a major corruption scandal and a deterioration in economic stability.

Scope

- An overview of the outlook for the global construction industry to 2022

- 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 2022. 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.

READ MORE

Scope

Table of Contents

1. GLOBAL OUTLOOK 7

2. REGIONAL OUTLOOK: US AND CANADA 15

2.1. Overview 15

2.2. Key Updates 17

3. REGIONAL OUTLOOK: LATIN AMERICA 19

3.1. Overview 19

3.2. Key Updates 23

4. REGIONAL OUTLOOK: WESTERN EUROPE 26

4.1. Overview 26

4.2. Key Updates 30

5. REGIONAL OUTLOOK: EASTERN EUROPE AND CENTRAL ASIA 32

5.1. Overview 32

5.2. Key Updates 35

6. REGIONAL OUTLOOK: SOUTH AND SOUTH-EAST ASIA 39

6.1. Overview 39

6.2. Key Updates 43

7. REGIONAL OUTLOOK: AUSTRALASIA 46

7.1. Overview 46

7.2. Key Updates 49

8. REGIONAL OUTLOOK: NORTH-EAST ASIA 50

8.1. Overview 50

8.2. Key Updates 53

9. REGIONAL OUTLOOK: MIDDLE EAST AND NORTH AFRICA 55

9.1. Overview 55

9.2. Key Updates 59

10. REGIONAL OUTLOOK: SUB-SAHARAN AFRICA 61

10.1. Overview 61

10.2. Key Updates 65

11. ABOUT GLOBALDATA 67

11.1. GlobalData at a Glance 67

11.2. GlobalData Construction 68

11.3. Disclaimer 69

11.4. Contact Us 69


List Of Figure

List of Figures

Figure 1: Global Construction Output Growth, Advanced Economies vs Emerging Markets (Real, % change), 2013-2022 9

Figure 2: Global Construction Output Growth (Real, average % change), 2013-2017 and 2018-2022 9

Figure 3: Global Construction Output Growth (Real, average % change), 2018-2022 10

Figure 4: Global Construction Output Value (Real, 2017 USD billion), 2017 and 2022 10

Figure 5: US and Canada, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 15

Figure 6: US and Canada, Construction Output Growth (Real, average % change), 2018-2022 16

Figure 7: US and Canada, Construction Output Value (Real, USD 2017 billion) 17

Figure 8: The US-Construction Output Growth Gathers Pace 17

Figure 9: Canada-Construction Growth Remains in Positive Territory 18

Figure 10: Latin America, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 19

Figure 11: Latin America, Construction Output Growth (Real, average % change), 2018-2022 20

Figure 12: Latin America, Construction Output Value (Real, USD 2017 billion) 22

Figure 13: Brazil-Construction Activity Remains in Negative Territory 23

Figure 14: Argentina-Construction Output Growth Decelerates 23

Figure 15: Mexico-Construction Industry is Rebounding 24

Figure 16: Colombia-Construction Output Declines Sharply 24

Figure 17: Peru-Continued Recovery 25

Figure 18: Chile-Construction Growth Continues on an Upward Trend 25

Figure 19: Western Europe, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 26

Figure 20: Western Europe, Construction Output Growth (Real, average % change), 2018-2022 27

Figure 21: Western Europe, Construction Output Value (Real, USD 2017 billion) 29

Figure 22: Germany-Sharp Improvement in Civil Engineering 30

Figure 23: France-A Second Successive Quarter of Contraction 30

Figure 24: UK-Marginal Recovery Following Poor Start to the Year 31

Figure 26: Austria-Continued High Rates of Growth 31

Figure 27: Eastern Europe, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 32

Figure 28: Eastern Europe, Construction Output Growth (Real, average % change), 2018-2022 33

Figure 29: Eastern Europe, Construction Output Value (Real, USD 2017 billion) 35

Figure 30: Romania-Marginal Growth, But Continued Decline in Buildings Construction 36

Figure 31: Hungary-Continued Rapid Growth in Civil Engineering 36

Figure 32: Czech Republic-Buildings Activity Remains Strong 37

Figure 33: Poland-Buildings and Civil Engineering Boost Overall Growth 37

Figure 34: Slovakia-Strong Growth in Civil Engineering Offsets Weakness in Buildings 38

Figure 35: South and South-East Asia, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 39

Figure 36: South and South-East Asia, Construction Output Growth (Real, average % change), 2018-2022 40

Figure 37: South and South-East Asia, Construction Output Value (Real, USD 2017 billion) 42

Figure 38: Singapore-Construction Industry Remains Subdued 43

Figure 39: Thailand-Continued Recovery 43

Figure 40: Indonesia-Slight Slowdown in Pace of Growth 44

Figure 41: Malaysia-Growth Continues to Slide 44

Figure 42: India-Regaining Growth Momentum 45

Figure 43: Australasia, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 46

Figure 44: Australasia, Construction Output Growth (Real, average % change), 2018-2022 47

Figure 45: Australasia, Construction Output Value (Real, USD 2017 billion) 48

Figure 46: Australia-Healthy Recovery Continues 49

Figure 47: New Zealand-Steady Performance in Buildings 49

Figure 48: North-East Asia, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 50

Figure 49: North-East Asia, Construction Output Growth (Real, average % change), 2018-2022 51

Figure 50: North-East Asia, Construction Output Value (Real, USD 2017 billion) 52

Figure 51: Japan-Marginal Increase in Building Starts 53

Figure 52: China-Continuing to Lose Growth Momentum 53

Figure 53: South Korea-Struggling to Generate Growth 54

Figure 54: Middle East and North Africa, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 55

Figure 55:Middle East and North Africa, Construction Output Growth (Real, average % change), 2018-2022 56

Figure 56: Middle East and Africa, Construction Output Value (Real, USD 2017 billion) 58

Figure 57: Israel-Residential Downturn Contributes to Drop in Construction 59

Figure 58: Iran-Fast Construction Growth, But Sanctions Will Hit Hard 59

Figure 59: Oman-Construction Remains Weak 60

Figure 60: Sub-Saharan Africa, Construction Output Growth (Real, average % change), 2013-2017 vs 2018-2022 61

Figure 61: Sub-Saharan Africa, Construction Output Growth (Real, average % change), 2018-2022 62

Figure 62: Sub-Saharan Africa, Construction Output Value (Real, USD 2017 billion) 64

Figure 63: Kenya-Strong Growth, But Slowing from Previous High 65

Figure 64: Nigeria-Sharp Rebound in Growth 65

Figure 65: South Africa-Construction Recovers on Quarter-on-Quarter Basis 66


List Of Table

List of Tables

Table 1: Global Construction Output Growth (Real, % change), 2017-2022 7

Table 2: US and Canada, Construction Output Value (Real, USD 2017 billion), 2013-2022 11

Table 3: Latin America, Construction Output Value (Real, USD 2017 billion), 2013-2022 11

Table 4: Western Europe, Construction Output Value (Real, USD 2017 billion), 2013-2022 11

Table 5: Eastern Europe and Central Asia, Construction Output Value (Real, USD 2017 billion), 2013-2022 12

Table 6: South and South-East Asia, Construction Output Value (Real, USD 2017 billion), 2013-2022 12

Table 7: North-East Asia, Construction Output Value (Real, USD 2017 billion), 2013-2022 13

Table 8: Australasia, Construction Output Value (Real, USD 2017 billion), 2013-2022 13

Table 9: Middle East and North Africa, Construction Output Value (Real, USD 2017 billion), 2013-2022 13

Table 10: Sub-Saharan Africa, Construction Output Value (Real, USD 2017 billion), 2013-2022 14

Table 11: US and Canada, Construction Output Growth (Real, % change) 16

Table 12: Latin America, Construction Output Growth (Real, % change) 20

Table 13: Western Europe, Construction Output Growth (Real, % change) 27

Table 14: Eastern Europe, Construction Output Growth (Real, % change) 33

Table 15: South and South-East Asia, Construction Output Growth (Real, % change) 40

Table 16: Australasia, Construction Output Growth (Real, % change) 47

Table 17: North-East Asia, Construction Output Growth (Real, % change) 51

Table 18: Middle East and North Africa, Construction Output Growth (Real, % change) 56

Table 19: Sub-Saharan Africa, Construction Output Growth (Real, % change) 62

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License: 
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

Products

Global, Construction, Forecast