Construction Market Size, Trends and Growth Forecasts by Key Regions and Countries, 2022-2026

March 2022 •
92 pages •
Report ID: 6277057 •
Format: PDF

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Construction Market Size, Trends and Growth Forecasts by Key Regions and Countries, 2022-2026

Summary
Having made good progress in recovering from the severe downturn recorded in 2020 amid the widespread disruption caused by restrictions imposed to contain the spread of COVID-19, the global construction industry is again facing severe headwinds.There is a high degree of uncertainty over the short-term outlook following Russia’s invasion of Ukraine, and the war will exacerbate existing supply chain disruptions and put even greater upwards pressure on energy prices, which will further drive up prices for key construction materials.

In addition to the devastation wrought on Ukraine by the military invasion, Russia’s economy stands to suffer a sharp recession given the sanctions imposed by Western governments and the withdrawal of foreign investors.The military conflict also threatens to destabilise the wider region, as investor confidence deteriorates, while global inflationary pressures mean that monetary authorities will likely take action to tighten policy earlier than previously planned.

There are also still prevailing risks associated with the pandemic, particularly in markets with a “zero-COVID” policy, such as China, where the north-eastern province of Jilin recently went into full lockdown, and other restrictions have been imposed in major cities including Shanghai and Shenzhen.However, in markets where there have been successful vaccine rollouts, international travel restrictions are being widely relaxed and day-to-day life and economic activity is returning to normal.

Nevertheless, a resurgence in COVID-19 cases and the potential for restrictions on construction works and the availability of labor remains a core downside risk to the outlook.

This report provides a detailed analysis of the prospects for the global construction industry up to 2026.

Scope
- An overview of the outlook for the global construction industry to 2026.
- Analysis of the outlook for the construction industry in major global regions: North America, Latin America, Western Europe, Eastern Europe, South Asia, 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 2026. 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.

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