Gain a detailed analysis of the global construction industry.
According to GlobalData, the pace of expansion in the global construction industry is expected to average 2.6% a year over the forecast period (2018-2022). In real value terms (measured at 2017 prices and US$ exchange rates), global construction output is forecast to rise to US$12.9 trillion in 2022, up from US%10.8 trillion in 2017.
The erupting trade war between the US and China is contributing to the intensifying downside risks to global economic growth. However, the global economy will continue to expand in the range of 2.5% to 3% a year in 2018-2022.
The improvement in global construction output growth in 2018, accelerating from 31.% in 2017, reflects a recovery in the US as well as general improvements across the emerging markets.
Formulate your strategic business plans on where and how to engage with the fast growers and to take
advantage of the opportunities that arise.