Construction Outlook Report

Global Construction Outlook to 2022: Q3 2018 Update

Keep up with the pace of expansion in the Global Construction Industry

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.

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  • What you need to know
  • Evaluate regional construction trends from insight on output values and forecast data to 2022.
  • Identify the fastest growers to enable assessment and targeting of commercial opportunities in the markets best suited to strategic focus.
  • Identify 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.

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How well is the Global Airport Construction Industry Performing?

Airport and air travel growth is expected to follow growth in global regional economies, Asia-Pacific and the Middle East are performing strongly. The Middle East acts as an ‘aviation bridge’ for long haul flights north to south and east to west.

There is a need to expand and redevelop existing airports in Europe and this in turn is driving growth in the region.
Asia-Pacific is projected to lead in global growth, due to the fast-growing emerging markets including India and Vietnam.

In developing countries in Asia-Pacific and the Middle East and Africa (MEA) indicate that rising numbers in the affluent middle class are driving demand for air travel, while increased competition among low-cost airlines is increasing the number of flights worldwide.

Find out which key factors are driving the growth in project activity in all regions.

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