Global Construction Outlook 2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Construction Outlook 2021" report to their offering.

This report provides a detailed analysis of the prospects for the global construction industry up to 2021.

The pace of expansion in the global construction industry steadied in 2016, standing at 2.4%, but there will be an improvement in the next five years, with growth averaging 2.8%. The pick-up will reflect trends in the wider economy; in 2017-2021, the world economy is set to expand by close to 3% per year on average.

However, there a number of key risks; most notable is how the Chinese authorities will rein in credit growth and manage the ensuing economic slowdown, and how investors in advanced economies will respond to the shift towards monetary policy normalization, particularly in view of the likely pick-up in inflation as commodity prices bounce back.

In real value terms (measured at constant 2010 US$ exchange rates), global construction output reached US$8.8 trillion in 2016 - up from US$7.9 trillion in 2012 - and will stand at US$10.1 trillion in 2021. The value of construction activity in the emerging world (at real 2010 US$ exchange rates) surpassed that of advanced economies in 2014, and this difference will continue to widen. In 2012, emerging markets accounted for 46.7% of global output - a share that will rise to 52.8% by 2021. Asia-Pacific 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.

However, the pace of growth will slow, given the relative sluggishness in China's construction industry, the expansion of which will be undermined by the glut of new residential property. The emerging markets of Southeast Asia will invest heavily in new infrastructure projects, supported by private investment.

Key Topics Covered:

1. Executive Summary

2. Global Economic Outlook

3. Global Construction Outlook

4. Global Construction Risk Review

5. Asia-Pacific

6. Western Europe

7. Eastern Europe

8. North America

9. Latin America

10. The Middle East and Africa

11. Appendix

For more information about this report visit http://www.researchandmarkets.com/research/wrfxsd/global

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Construction

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Construction