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Global Construction Outlook to 2025, Q1 2021 Update

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DESCRIPTION

Global Construction Outlook to 2025, Q1 2021 Update

Summary

GlobalData holds a positive view on the outlook for the global construction industry following the historic collapse in activity in 2020 amid the severe disruption caused by restrictions imposed to contain the spread of COVID-19. The central forecast for growth in global output is 5.2%, which means that in real value terms, output in 2021 will be 2.5% higher than the 2019 level. Although recovering from the COVID-19 crisis, the global industry has borne a huge cost in terms of foregone revenue; compared to GlobalDatas pre-COVID-19 predictions for construction output value, the sum of output in 2020-2021 is close to US$1.1 trillion lower than it would otherwise have been.

There is still great uncertainty over how the COVID-19 crisis will play out, with positive news on the one hand stemming from the successful rollout of vaccines in many markets and concerns on the other hand over the reports of new variants of the virus and challenges in getting vaccines supplies to developing markets. However, the forecast for the global construction output is predicated on the assumption that governments and public health authorities will not reintroduce strict lockdown policies and that construction sites will be able to continue to operate with minimal disruption.

This report provides a detailed analysis of the prospects for the global construction industry up to 2025, including an assessment of the impact of COVID-19.

Scope

- An overview of the outlook for the global construction industry to 2025, 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 2025, 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 and Central Asia
5.1 Overview
5.2 Key Updates
6. Regional Outlook: South-East Asia
6.1 Overview
6.2 Key Updates
7. Regional Outlook: South Asia
7.1 Overview
7.2 Key Updates
8. Regional Outlook: Australasia
8.1 Overview
8.2 Key Updates
9. Regional Outlook: North-East Asia
9.1 Overview
9.2 Key Updates
10. Regional Outlook: Middle East and North Africa
10.1 Overview
10.2 Key Updates
11. Regional Outlook: Sub-Saharan Africa
11.1 Overview
11.2 Key Updates
12. GlobalData Construction
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List Of Tables

Table 1: Global Construction Output Growth (Real, % Change), 2020-2025
Table 2: Construction Output, % Change YoY
Table 3: North America, Construction Output Value (Real, US$ 2017 Billion), 2015-2025
Table 4: Latin America, Construction Output Value (Real, US$ 2017 Billion), 2015-2025
Table 5: Middle East and North Africa, Construction Output Value (Real, US$ 2017 Billion), 2015-2025
Table 6: Sub-Saharan Africa, Construction Output Value (Real, US$ 2017 Billion), 2015-2025
Table 7: South-East Asia, Construction Output Value (Real, US$ 2017 Billion), 2015-2025
Table 8: South Asia, Construction Output Value (Real, US$ 2017 Billion), 2015-2025
Table 9: North-East Asia, Construction Output Value (Real, US$ 2017 Billion), 2015-2025
Table 10: Australasia, Construction Output Value (Real, US$ 2017 Billion), 2015-2025
Table 11: Western Europe, Construction Output Value (Real, US$ 2017 Billion), 2015-2025
Table 12: Eastern Europe, Construction Output Value (Real, US$ 2017 Billion), 2015-2025
Table 13: US and Canada, Construction Output Growth (Real, % Change)
Table 14: Latin America, Construction Output Growth (Real, % Change)
Table 15: Western Europe, Construction Output Growth (Real, % Change)
Table 16: Eastern Europe and Central Asia, Construction Output Growth (Real, % Change)
Table 17: South-East Asia, Construction Output Growth (Real, % Change)
Table 18: South Asia, Construction Output Growth (Real, % Change)
Table 19: Australasia, Construction Output Growth (Real, % Change)
Table 20: North-East Asia, Construction Output Growth (Real, % Change)
Table 21: Middle East and North Africa, Construction Output Growth (Real, % Change)
Table 22: Sub-Saharan Africa, Construction Output Growth (Real, % Change)

List Of Figures

Figure 1: Global Construction Output Growth (Real, % Change), 2015-2025
Figure 2: Global Construction Output Value (Real, 2017 US$ Billion), 2019-2025
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 YoY)
Figure 6: Latin America, Construction Output Value (Real, US$ 2017 Billion)
Figure 7: Brazil, Construction Value-Add (BRL Million, Seasonally Adjusted Chained 1995 Prices)
Figure 8: Mexico, Construction Value-Add (Real, % Change YoY)
Figure 9: Argentina, Construction Value-Add (Real, % Change YoY)
Figure 10: Colombia, Construction Value-Add (Real, % Change YoY)
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 YoY)
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 YoY)
Figure 21:Russia, Construction Activity Volume Index (% Change YoY)
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 YoY)
Figure 26: South and South-East Asia, Construction Output Value (Real, US$ 2017 Billion)
Figure 27: Indonesia, Construction Value-Add (IDR Billion, 2010 Prices, Seasonally Adjusted)
Figure 28: Thailand, Construction Value-Add (THB Million, Seasonally Adjusted Chained Volume Measures)
Figure 29: Singapore, Construction Value-Add (SGD million, 2015 Chained Prices, Seasonally Adjusted)
Figure 30: Malaysia, Construction Value-Add (MYR Million, 2015 Prices, Seasonally Adjusted)
Figure 31: Philippines, Construction Value-Add (PHP Billion, 2018 Prices)
Figure 32: Vietnam, Construction Value-Add (VND Billion, Constant Prices)
Figure 33: South Asia, Construction Output Value (Real, US$ 2017 Billion)
Figure 34: India, Construction Value-Add (INR Billion, Constant Prices)
Figure 35: Sri Lanka, Construction Output, (LKR Billion)
Figure 36: Australasia, Construction Output Value (Real, US$ 2017 Billion)
Figure 37: Australia, Construction Work Done (% Change YoY)
Figure 38: Australia, Total Number of Dwelling Units Approved (% Change YoY)
Figure 39: New Zealand, Building Work Put in Place (% Change YoY)
Figure 40: North-East Asia, Construction Output Value (Real, US$ 2017 Billion)
Figure 41: China, Construction Value-Add (Real % Change YoY))
Figure 42: Japan, Value of Construction Contracts Received (JPY Billion)
Figure 43: South Korea, Construction Value-Add (KRW Billion, 2015 Chained Prices, Seasonally Adjusted)
Figure 44: South Korea, Value of Construction Orders Received (KRW Billion)
Figure 45: Taiwan, Construction Value-Add (TWD Million, 2016 Chained Prices)
Figure 46: Hong Kong, Gross Value of Construction Works Performed by Main Contractors (HKD Million, 2018 Chained Prices)
Figure 47: Middle East and North Africa, Construction Output Value (Real, US$ 2017 Billion)
Figure 48: Saudi Arabia, Construction Value-Add (SAR Million, Constant Prices)
Figure 49: Tunisia, Construction Value-Add (TND Million, Constant Prices)
Figure 50: Qatar, Construction Value-Add (QAR Million, Constant Prices)
Figure 51: Bahrain, Construction Value-Add (BHD Million, Constant Prices)
Figure 52: Sub-Saharan Africa, Construction Output Value (Real, US$ 2017 Billion)
Figure 53: Nigeria, Construction Value-Add (NGN Billion, Constant Prices)
Figure 54: South Africa, Construction Value-Add (ZAR Million, Constant Prices)
Figure 55: Kenya, Construction Value-Add (KES Million, Constant Prices)
Figure 56: Mozambique, Construction Value-Add (MZN Million, Constant Prices)
Figure 57: Zambia, Construction Value-Add (ZMK Million, Constant Prices)

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