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Global Construction Output is forecast to Rise to US$12.4 Trillion In 2022

The Construction Intelligence Center (CIC) has revised upwards its forecast for growth in the global construction industry. In line with improved performance in some major markets and a brighter outlook for the global economy, the CIC now expects the pace of expansion in the global construction industry to average 3.7% a year over the forecast period (2018–2022), compared with 3.6% in the December 2017 forecast update. In real value terms (measured at constant 2017 prices and US$ exchange rates), global construction output is forecast to rise to US$12.4 trillion in 2022 from US$10.4 trillion in 2017.

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Global Construction Output is forecast to Rise to US$12.4 Trillion In 2022

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  1. Global Construction Output is forecast to Rise to US$12.4 Trillion In 2022 “The pace of expansion in the global construction industry to average 3.7% a year over the forecast period (2018–2022), compared with 3.6% in the December 2017 forecast update.” This report provides a detailed analysis of the prospects for the global construction industry up to 2022. Summary: The Construction Intelligence Center (CIC) has revised upwards its forecast for growth in the global construction industry. In line with improved performance in some major markets and a brighter outlook for the global economy, the CIC now expects the pace of expansion in the global construction industry to average 3.7% a year over the forecast period (2018–2022), compared with 3.6% in the December 2017 forecast update. In real value terms (measured at constant 2017 prices and US$ exchange rates), global construction output is forecast to rise to US$12.4 trillion in 2022 from US$10.4 trillion in 2017. Request A Sample Copy Of This Report at: https://www.radiantinsights.com/research/global-construction-outlook-2022/request- sample The global economy will continue to post healthy rates of growth in 2018–2019, and investor confidence will remain buoyant. The expected tightening in monetary policy in major markets in 2018 will start to push up the cost of borrowing, but with interest rates generally at or near historical lows, this tightening process is not expected to have a major impact on construction activity during the early part of the forecast period. Construction output growth will slow in the Follow Us:

  2. latter part of the forecast period, reflecting trends in some of the largest markets, notably China and the US Scope: An overview of the outlook for the global construction industry to 2022 Analysis of the outlook for the construction industry in major global regions: North America, Latin America, Western Europe, Eastern Europe, South and South-East Asia, North-East Asia, Australasia, the Middle East and North Africa, and Sub-Saharan Africa. A comprehensive benchmarking of 83 leading construction markets according to construction market value and growth Analysis of the latest data on construction output trends in key markets. Browse Full Research Report at: https://www.radiantinsights.com/research/global- construction-outlook-2022 Reasons To Buy: 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 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. Key Highlights: The faster pace of growth in global construction output in 2018 is being driven primarily by the pickup in advanced economies, with growth in these markets combined rising to 2.7% over the year. This is primarily due to the improvement expected in construction output in the US, following a sluggish outturn in 2017. Although growth in emerging markets will remain in excess of that in advanced economies over the forecast period, there will be a steady slowdown in growth in construction spending in emerging markets - primarily reflecting trends in China, which has the largest construction market in the world The Asia-Pacific region 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. The pace of growth will slow, however, given the projected slowdown in China’s construction industry. Follow Us:

  3. Construction activity is gathering momentum across Western Europe. The region’s output will expand by 2.5% a year on average in 2018-2022, improving on the sluggish growth of 1.3% in 2013-2017. Sub-Saharan Africa will be the fastest growing region in 2018-2022, with rapid expansion in Ethiopia’s infrastructure development, with a number of other countries in Eastern Africa experiencing high rates of growth. Nigeria’s recovery will also help to drive up construction activity in Sub-Saharan Africa, but South Africa will continue to struggle to generate growth momentum. See More Reports of This Category by Radiant Insights at: https://www.radiantinsights.com/catalog/construction-industry About Radiant Insights,Inc: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions. Contact Details: Michelle Thoras Corporate Sales Specialist, USA Radiant Insights, Inc 28 2nd Street, Suite 3036, San Francisco, CA 94105, United States Phone: 1-415-349-0054 Toll Free: 1-888-202-9519 Email: sales@radiantinsights.com Web: http://www.radiantinsights.com/ Visit Our Blog: http://industryinsightreport.blogspot.com Follow Us:

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