Big Market Research added a new research report on "Global Construction Outlook 2020"
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The global construction industry has regained growth momentum, with the pace of expansion accelerating from an annual average of 2.7% a year in real terms in 2011–2013 to 3.1% in 2014. Timetric’s Construction Intelligence Center (CIC) forecasts a further rise to 3.8% in 2015, and then an average annual increase of 3.9% over 2016–2020. Based on the CIC’s Global 50, a grouping of the 50 largest and most influential markets in the world, the global industry is projected to grow from US$7.4 trillion in 2010 to US$8.5 trillion in 2015 and to US$10.3 trillion in 2020, when measured at constant 2010 prices and exchange rates (real 2010 US$).
2. Report Overview
Synopsis
The report Provides the CIC’s view of the outlook to 2020 for the global economy and
the global construction industry, and how the industry will evolve in all major countries
worldwide
Scope
• An overview of the outlook for the global economy
• An assessment of the outlook for the global economy, broken down by major regions
• A review of global construction risk
• Highlights from the CIC's Global Survey on Potential and Challenges in Construction
• Profiles for 50 major markets, including an overview, focus points and risk watch
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construction-outlook-2020-market
3. Covered in this report
Summary:
• The global construction industry has regained growth momentum, with the pace of
expansion accelerating from an annual average of 2.7% a year in real terms in 2011–
2013 to 3.1% in 2014.
• Construction Intelligence Center (CIC) forecasts a further rise to 3.8% in 2015, and
then an average annual increase of 3.9% over 2016–2020. Based on the CIC’s Global
50, a grouping of the 50 largest and most influential markets in the world, the global
industry is projected to grow from US$7.4 trillion in 2010 to US$8.5 trillion in 2015
and to US$10.3 trillion in 2020, when measured at constant 2010 prices and
exchange rates (real 2010 US$).
4. Reasons To Buy
• Gain an understanding of general state of the global economy and construction
industry.
• Analyze performance region-by-region and country-by-country and gain insight into
key issues affecting the construction industry.
• Learn about opinions of key industry leaders on challenges and opportunities, with
highlights from CIC surveys, to contrast views with your own and be alerted to issues in
new markets.
• Review top-line risks in the industry, with country rankings and highlights from CIC
Construction Risk Index, to assist in market expansion plans.
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5. Key highlights
• Based on the CIC’s Global 50, a grouping of the 50 largest and most influential
markets in the world, the global industry is projected to grow from US$7.4 trillion in
2010 to US$8.5 trillion in 2015 and to US$10.3 trillion in 2020, when measured at
constant 2010 prices and exchange rates (Real 2010 US$).
• The construction industries in emerging markets are forecast to continue to grow at a
much faster rate than the advanced economies. With reference to the CIC Global 50,
emerging markets accounted for more than half of the world’s construction output for
the first time ever in 2012 (at 2010 US$) and by 2020 it will have a 56% share.
• From 2016-2020, the construction industries in advanced economies combined are
forecast to expand by 2.2% a year on average, while emerging markets will record a
5.3% annual expansion during the same period. However, the advanced economies are
at least improving, with growth accelerating from just 0.6% a year on average in 2011-
2015.
6. Key highlights
• The construction industries in the Middle East and Africa region are predicted to be
the fastest growing in 2016-2020, overtaking the Asia-Pacific region, which held the top
spot in 2011-2015. This reflects the huge investment in infrastructure and buildings that
is taking place in Qatar, Saudi Arabia and the United Arab Emirates (UAE), while the
slowing rate of growth in China’s construction industry is a key factor driving the
deceleration in Asia-Pacific. However, Asia-Pacific’s share of the global construction
industry will continue to rise, reaching close to 49% in 2020, up from 40% in 2010.
• The precarious state of the Eurozone, which has intensified following the election of
an anti-austerity party in Greece, will continue to undermine investor confidence in the
region. However, in general the worst is over for the region’s construction industry.
Many of the countries that had suffered double-digit declines in construction output in
the wake of the financial crisis are now turning a corner and starting to grow again.
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7. Table Of Content
1 Executive Summary
2 Global Economic Outlook
3 Global Construction Outlook
4 Global Construction Risk Review
5 Global Survey on Potential and Challenges in Construction
6 North America Country Profiles
7 Western Europe Country Profiles
8 Eastern Europe Country Profiles
9 Middle East and Africa Country Profiles
10 Asia-Pacific Country Profiles
11 Latin America Country Profiles
12 Appendix
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