Global Construction Outlook to 2024 (Q4 2020 Update)

Global Construction Outlook to 2024 (Q4 2020 Update)

  • GlobalData
  • December 2020
  • Construction
  • 87 pages

Report Description

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Having suffered a historic collapse in construction activity during Q2 2020 amid widespread disruption caused by restrictions imposed to contain the spread of COVID-19, there are signs that the global construction industry is poised for a recovery. In many major markets, construction output levels bounced back in Q3 2020 as sites were reopened and operations resumed. Although a renewed spike in (or continued high levels of) COVID-19 infections has resulted in new restrictions in the latter part of 2020, the construction industry in general has been permitted to continue.

There are challenges in the short term in terms of getting back to a normal level of activity, not least those related to making sites COVID-19 secure and adhering to local regulations, notably social distancing rules and self-quarantining of workers. However, with the distribution of vaccines on the horizon, the risk of a repeat of the severe disruption that occurred in 2020 has diminished. Reflecting this, GlobalData expects that global construction output will expand by 4.5% in 2021, following the estimated contraction of 2.9% recorded in 2020

This report provides a detailed analysis of the prospects for the global construction industry up to 2024, including an assessment of the impact of COVID-19.

Scope

  • An overview of the outlook for the global construction industry to 2024, with specific focus on assessing the impact of COVID-19
  • 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 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 2024, and understand the immediate risks and challenges presented by the spread of COVID-19.
  • 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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Table of Contents
 

1. GLOBAL OUTLOOK

2. REGIONAL OUTLOOK: US AND CANADA

2.1. Overview
2.2. Key Updates

3. REGIONAL OUTLOOK: LATIN AMERICA
3.1. Overview
3.2. Key Updates

4. REGIONAL OUTLOOK: WESTERN EUROPE
4.1. Overview
4.2. Key Updates

5. REGIONAL OUTLOOK: EASTERN EUROPE
5.1. Overview
5.2. Key Updates

6. REGIONAL OUTLOOK: SOUTH AND SOUTH-EAST ASIA
6.1. Overview
6.2. Key Updates

7. REGIONAL OUTLOOK: AUSTRALASIA
7.1. Overview
7.2. Key Updates

List of Tables

Table 1: Global Construction Output Growth (Real, % change), 2019-2024
Table 2: Construction Output, % Change Year on Year
Table 3: North America, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 4: Latin America, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 5: Middle East and North Africa, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 6: Sub-Saharan Africa, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 7: South and South-East Asia, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 8: North-East Asia, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 9: Australasia, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 10: Western Europe, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 11: Eastern Europe, Construction Output Value (Real, US$ 2017 billion), 2014-2024
Table 12: US and Canada, Construction Output Growth (Real, % change)
Table 13: Latin America, Construction Output Growth (Real, % change)
Table 14: Western Europe, Construction Output Growth (Real, % change)
Table 15: Eastern Europe and Central Asia, Construction Output Growth (Real, % change)
Table 16: South and South-East Asia, Construction Output Growth (Real, % change)
Table 17: Australasia, Construction Output Growth (Real, % change)
Table 18: North-East Asia, Construction Output Growth (Real, % change)
Table 19: Middle East and North Africa, Construction Output Growth (Real, % change)
Table 20: Sub-Saharan Africa, Construction Output Growth (Real, % change)

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