Global Construction Outlook 2021 is a new market research publication announced by Reportstack. "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.
Complete report available @ Global Construction Outlook 2021
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."
Scope
Reasons To Buy
Key Highlights
"What value will the global construction industry attain in 2021?
How much of global output was accounted for by emerging markets in 2016, and how is this share anticipated to rise by 2021?
Which region will continue to account for the largest share of the global construction industry?
Which emerging markets will have the fastest growing construction industries over the next five years?
Which countries present the highest levels of risk in terms of the expansion in construction activity? "
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