Global Construction Outlook to 2023 - Q1 2019 Update - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 13, 2019--The “Global Construction Outlook to 2023 - Q1 2019 Update” report has been added to ResearchAndMarkets.com’s offering.
“Global Construction Outlook to 2023 - Q1 2019 Update”, provides a detailed analysis of the prospects for the global construction industry up to 2023.
The pace of global construction output growth is expected to pick up marginally in 2019, reaching 3.4% from 3.2% in 2018, before rising to 3.5% in 2020. The improvement is entirely owing to acceleration in growth in construction activity in emerging markets, most notably in China, where the authorities are stepping up investment in infrastructure to prevent a continued slowdown. However, growth in China will drop back from 2021 onwards, and this will contribute to a slight easing in construction growth in emerging markets.
However, the expansion in advanced economies will be fairly sluggish in 2019, with growth in North America slowing to 1.2%, and in Western Europe there will be a deceleration to 2.3%. Over the remainder of the forecast period, there will be scope for slightly faster growth in the advanced economies, with monetary policy remaining accommodative, which will contribute to overall global construction growth.
Construction activity growth slowed across Western Europe in 2018, and output will expand by 2.3% a year on average in 2019-2023, which is a marginal slowdown compared to the pace recorded in 2014-2018, of 2.4%. The expansion in the UK is subject to major downside risks in the face of uncertainty relating to the outcome of its exit from the EU.
The pace of construction growth will ease in South and South-East Asia in 2019 following the sharp upturn in 2018, but it will be the fastest growing region in 2019-2023, with average annual growth of 6.5%. There will be sustained recoveries in construction output in the Middle East and Africa, as well as in Latin America. However, weakness in Turkey will pull down the pace of regional expansion in Eastern Europe.
Risks to the overall forecast stem primarily from a possible escalation in the trade war between the US and China, which would ultimately impact on investment and constrain global economic growth. There is also a risk that China could overstep its efforts to support the economy, resulting in an unmanageable debt crisis, which would disrupt investment trends globally, most notably via the impact on demand in commodities markets.
- An overview of the outlook for the global construction industry to 2023
- 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 92 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 2023. 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 Topics Covered:
1. GLOBAL OUTLOOK
2. REGIONAL OUTLOOK: US AND CANADA
2.2. Key Updates
3. REGIONAL OUTLOOK: LATIN AMERICA
3.2. Key Updates
4. REGIONAL OUTLOOK: WESTERN EUROPE
4.2. Key Updates
5. REGIONAL OUTLOOK: EASTERN EUROPE AND CENTRAL ASIA
5.2. Key Updates
6. REGIONAL OUTLOOK: SOUTH AND SOUTH-EAST ASIA
6.2. Key Updates
7. REGIONAL OUTLOOK: AUSTRALASIA
7.2. Key Updates
8. REGIONAL OUTLOOK: NORTH-EAST ASIA
8.2. Key Updates
9. REGIONAL OUTLOOK: MIDDLE EAST AND NORTH AFRICA
9.2. Key Updates
10. REGIONAL OUTLOOK: SUB-SAHARAN AFRICA
10.2. Key Updates
For more information about this report visit https://www.researchandmarkets.com/r/tlc9kr
View source version on businesswire.com:https://www.businesswire.com/news/home/20190513005351/en/
Laura Wood, Senior Press Manager
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INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/13/2019 05:58 AM/DISC: 05/13/2019 05:58 AM