Global Construction Outlook to 2024 (Q2 2020 Update)

Global Construction Outlook to 2024 (Q2 2020 Update)



The global construction industry has been under intense stress in recent months amid the COVID-19 crisis and associated containments measures to prevent the continued spread of the virus. Even in countries where the construction industry has been permitted to continue, being exempt from restrictions on general business activity, there has still been widespread disruption and temporary shut downs of construction sites.

Reflecting the severe impact on the industry, rovisional data for some major markets in Europe reveal that construction output plummeted in April during the peak of the pandemic in the region, with Italy recording a 68% year-on-year drop, and France a 60% decline. Such unprecedented declines are expected in other markets that have seen construction work grind to a halt. latest industry survey showed that in May 70% of all respondents globally agreed or strongly agreed that the COVID-19 outbreak had led to a halt in construction work respondents, while 88% agreed or strongly agreed that it had led to delays in the commencement of new projects.

Under a positive scenario that a widespread second wave of infections is avoided, latest forecasts show that the construction output globally will fall by 3.2% in 2020, with a much steeper downturn only being prevented because the construction industry in China, the original epicenter of the pandemic, appears to be recovering quickly.

There is a mixed picture in other parts of Asia-Pacific, with India now expected to record a contraction of 7.5% owing to its extended lockdown period. While Europe is now moving to a recovery phase, with restrictions being eased and construction works resuming, the construction industry has suffered a severe downturn. There is high risk that in the US and most parts of Latin America, the COVID-19 crisis will be prolonged, given the continued rise in confirmed cases. Across the Middle East and Africa concerns persist over the wider fallout from the crisis and the damage caused to government finances from the weakness in oil prices and economic weakness

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 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 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.

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: US and Canada, Construction Output Value (Real, US$ 2017 billion), 2015-2024
Table 3: Latin America, Construction Output Value (Real, US$ 2017 billion), 2015-2024
Table 4: Western Europe, Construction Output Value (Real, US$ 2017 billion), 2015-2024
Table 5: Eastern Europe and Central Asia, Construction Output Value (Real, US$ 2017 billion), 2015-2024
Table 6: South and South-East Asia, Construction Output Value (Real, US$ 2017 billion), 2015-2024
Table 7: North-East Asia, Construction Output Value (Real, US$ 2017 billion), 2015-2024
Table 8: Australasia, Construction Output Value (Real, US$ 2017 billion), 2015-2024
Table 9: Middle East and North Africa, Construction Output Value (Real, US$ 2017 billion), 2015-2024
Table 10: Sub-Saharan Africa, Construction Output Value (Real, US$ 2017 billion), 2015-2024
Table 11: US and Canada, Construction Output Growth (Real, % change)
Table 12: Latin America, Construction Output Growth (Real, % change)
Table 13: Western Europe, Construction Output Growth (Real, % change)
Table 14: Eastern Europe, Construction Output Growth (Real, % change)
Table 15: South and South-East Asia, Construction Output Growth (Real, % change)
Table 16: Australasia, Construction Output Growth (Real, % change)
Table 17: North-East Asia, Construction Output Growth (Real, % change)
Table 18: Middle East and North Africa, Construction Output Growth (Real, % change)
Table 19: 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 Growth (Real, % change), 2020
Figure 3: Global Construction Output Value (Real, 2017 US$ billion), 2019 and 2024
Figure 4: US and Canada, Construction Output Value (Real, US$ 2017 billion)
Figure 5: US, Value of Construction Put in Place Seasonally Adjusted (US$ million)
Figure 6: Canada, Construction Value-Add (% change year on year, 2012 chained dollars)
Figure 7: Latin America, Construction Output Value (Real, US$ 2017 billion)
Figure 8: Brazil, Construction Value-Add (BRL million, chained at 1995 prices)
Figure 9: Mexico, Construction Value-Add (constant 2013 prices, % change, year on year)
Figure 10: Argentina, Synthetic Indicator of Construction Activity
Figure 11: Colombia, Construction Value-Add (COP, chained at 2015 prices, % change, year on year)
Figure 12: Chile, Construction Value-Add (CLP billion, chained at 2013 prices)
Figure 13: Peru, Construction Value-Add (PEN million, constant 2007 prices)
Figure 14: Western Europe, Construction Output Value (Real, US$ 2017 billion)
Figure 15: Germany, Construction Value Add (EUR Million, 2010 chained prices)
Figure 16: France, Construction Value-add (Chain linked volumes,2015, EUR Million)
Figure 17: UK, Construction Output (% change, year on year)
Figure 18: Eastern Europe, Construction Output Value (Real, US$ 2017 billion)
Figure 19: Hungary, Construction Production Index (% change, year on year)
Figure 20:Turkey, Construction Value-Add (Constant Prices)
Figure 21: Poland, Construction Production Index (% change, year on year)
Figure 22: South and South-East Asia, Construction Output Value (Real, US$ 2017 billion)
Figure 23: India, Construction Value-Add (INR Billion, Constant Prices)
Figure 24: Malaysia, Construction Value-add, 2015=100 (MYR billion)
Figure 25: Singapore, Construction Value-Add, 2015 Chained prices (SGD million, Seasonally Adjusted)
Figure 26: Indonesia, Construction Value-Add, 2010=100 (IDR billion, constant prices, unadjusted)
Figure 27: Thailand, Construction Value-Add (THB Billion, 2002 chained volume measures)
Figure 28: The Philippines, Construction Value-Add, 2018=100 (PHP Billion, constant prices, unadjusted)
Figure 29: Vietnam, Construction Value-Add (VND Billion, Constant Prices)
Figure 30: Australasia, Construction Output Value (Real, US$ 2017 billion)
Figure 31: Australia, Construction Work Done, Seasonally Adjusted (Chained volume measure, AUD million)
Figure 32: Australia, Total Number of Dwelling Units Approved
Figure 33: New Zealand, Building Work Put in Place (NZD million)
Figure 34: North-East Asia, Construction Output Value (Real, US$ 2017 billion)
Figure 35: China, Construction Value Add (Constant prices)
Figure 36: Japan, Value of contracts received for construction (JPY Billion)
Figure 37: South Korea, Construction Value-Add (KRW Billion, 2015 chained prices, seasonally adjusted)
Figure 38: South Korea, Value of Construction Orders Received (KRW Billion)
Figure 39: Hong Kong, Construction Value-Add (HKD Million, 2018 chained prices)
Figure 40: Middle East and Africa, Construction Output Value (Real, US$ 2017 billion)
Figure 41: Saudi Arabia- Real Estate Price Index (2014=100)
Figure 42: Qatar, New Building Permits Issued (Number)
Figure 43: Sub-Saharan Africa, Construction Output Value (Real, US$ 2017 billion)
Figure 44: Nigeria, Construction Value-Add (NGN million, Constant Prices)
Figure 45: South Africa, Manufacturing Production Index, Seasonally adjusted (2015=100)

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