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Global Construction Outlook to 2024 (Q4 2020 Update)

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Global Construction Outlook to 2024 (Q4 2020 Update)

Having suffered a historic collapse in construction activity during Q2 2020 amid widespread disruption caused by restrictions imposed to contain the spread of COVID-19, there are signs that the global construction industry is poised for a recovery. In many major markets, construction output levels bounced back in Q3 2020 as sites were reopened and operations resumed. Although a renewed spike in (or continued high levels of) COVID-19 infections has resulted in new restrictions in the latter part of 2020, the construction industry in general has been permitted to continue.

There are challenges in the short term in terms of getting back to a normal level of activity, not least those related to making sites COVID-19 secure and adhering to local regulations, notably social distancing rules and self-quarantining of workers. However, with the distribution of vaccines on the horizon, the risk of a repeat of the severe disruption that occurred in 2020 has diminished. Reflecting this, expects that global construction output will expand by 4.5% in 2021, following the estimated contraction of 2.9% recorded in 2020

This report provides a detailed analysis of the prospects for the global construction industry up to 2024, including an assessment of the impact of COVID-19.

Scope

- An overview of the outlook for the global construction industry to 2024, with specific focus on assessing the impact of COVID-19
- 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 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 2024, and understand the immediate risks and challenges presented by the spread of COVID-19.
- 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
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
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 GLOBALDATA
11.1. GlobalData at a Glance
11.2. GlobalData Construction
11.3. Disclaimer
11.4. Contact Us

List Of Tables

Table 1: Global Construction Output Growth (Real, % change), 2019-2024
Table 2: Construction Output, % Change Year on Year
Table 3: North America, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 4: Latin America, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 5: Middle East and North Africa, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 6: Sub-Saharan Africa, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 7: South and South-East Asia, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 8: North-East Asia, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 9: Australasia, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 10: Western Europe, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 11: Eastern Europe, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 12: US and Canada, Construction Output Growth (Real, % change)
Table 13: Latin America, Construction Output Growth (Real, % change)
Table 14: Western Europe, Construction Output Growth (Real, % change)
Table 15: Eastern Europe and Central Asia, Construction Output Growth (Real, % change)
Table 16: South and South-East Asia, Construction Output Growth (Real, % change)
Table 17: Australasia, Construction Output Growth (Real, % change)
Table 18: North-East Asia, Construction Output Growth (Real, % change)
Table 19: Middle East and North Africa, Construction Output Growth (Real, % change)
Table 20: Sub-Saharan Africa, Construction Output Growth (Real, % change)

List Of Figures

Figure 1: Global Construction Output Growth (Real, % change), 2014-2024
Figure 2: Global Construction Output Value (Real, 2017 US$ billion), 2019 and 2024
Figure 3: US and Canada, Construction Output Value (Real, US$ 2017 billion)
Figure 4: US, Value of Construction Put in Place (US$ Million, Annualized)
Figure 5: Canada, Construction Value-Add (%Real, % change year on year)
Figure 6: Latin America, Construction Output Value (Real, US$ 2017 billion)
Figure 7: Brazil, Construction Value-Add (BRL Million, Chained 1995 prices)
Figure 8: Mexico, Construction Value-Add (Real, % change year on year)
Figure 9: Argentina, Construction Activity Index (Real, % change year on year)
Figure 10: Colombia, Construction Value-Add (Real, % change year on year)
Figure 11: Chile, Construction Value-Add (CLP Billion, Chained at 2013 Prices)
Figure 12: Peru, Construction Value-Add (PEN Million, Constant 2007 prices)
Figure 13: Western Europe, Construction Output Value (Real, US$ 2017 billion)
Figure 14: Germany, Construction Value-Add (Chain Volume, EUR Million)
Figure 15: Spain, Construction Value-Add (Chain Volume, EUR Million)
Figure 16: France, Construction Value-Add (Chain Volume, EUR Million)
Figure 17: UK, Construction Output (% change, year on year)
Figure 18: Italy, Construction Value-Add (Chain Volume, EUR Million)
Figure 19: Eastern Europe and Central Asia, Construction Output Value (Real, US$ 2017 billion)
Figure 20: Hungary, Construction Production Index (% change year on year)
Figure 21:Russia, Construction Activity Volume Index (% Change, Year-on-Year)
Figure 22: Romania, Construction Value Add (Constant Prices)
Figure 23: Czech Republic, Construction Value-Add (CZK Million, Constant Prices)
Figure 24: Turkey, Construction Value-Add (TRY Million, Constant Prices)
Figure 25: Poland, Construction Production Index (% change year on year)
Figure 26: South and South-East Asia, Construction Output Value (Real, US$ 2017 billion)
Figure 27: Indonesia, Construction Value-Add (IDR Billion, Constant Prices, Seasonally Adjusted)
Figure 28: Singapore, Construction Value-Add ((SGD million, 2015 Chained prices, Seasonally Adjusted)
Figure 29: Malaysia, Construction Value-Add (MYR Billion, constant prices)
Figure 30: Thailand, Construction Value-Add (Real % change, year on year)
Figure 31: India, Construction Value-Add (INR Billion, constant prices)
Figure 32: Philippines, Construction Value-Add (PHP Billion, constant prices)
Figure 33: Vietnam, Construction Value-Add (VND Billion, constant prices)
Figure 34: Australasia, Construction Output Value (Real, US$ 2017 billion)
Figure 35: Australia, Construction Work Done (AUD Million, Chained Volume Measure)
Figure 36: Australia, Total Number of Dwelling Units Approved
Figure 37: New Zealand, Building Work Put in Place (NZD Million)
Figure 38: North-East Asia, Construction Output Value (Real, US$ 2017 billion)
Figure 39: China, Construction Value-Add (Real % change, year on year))
Figure 40: Japan, Value of Construction Contracts Received (JPY Billion)
Figure 41: South Korea, Construction Value-Add (KRW Billion, 2015 Chained Prices, Seasonally Adjusted)
Figure 42: South Korea, Value of Construction Orders Received (KRW Billion)
Figure 43: Taiwan, Construction Value-Add (TWD Million, 2016 Chained Prices)
Figure 44: Hong Kong, Gross value of construction works performed by main contractors (HKD Million, 2018 Chained Prices)
Figure 45: Middle East and North Africa, Construction Output Value (Real, US$ 2017 billion)
Figure 46: Saudi Arabia, Construction Value-Add (SAR Million, Constant Prices)
Figure 47: Tunisia, Construction Value-Add (TND Million, Constant Prices)
Figure 48: Sub-Saharan Africa, Construction Output Value (Real, US$ 2017 billion)
Figure 49: Nigeria, Construction Value-Add (NGN Million, Constant Prices)
Figure 50: South Africa, Construction Value-Add (ZAR Million, Constant Prices)

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