Global Construction Market Intelligence

Are you looking for answers on Global Construction category?

Are you looking for answers on Global Construction category?

  • What are the key trends in Global Construction category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Global Construction industry?
  • How is Global Construction industry performing?

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Report Coverage

The report provides insights on the following:

  • Mergers and Acquisition
  • Global Construction—Smart Building Innovations
  • Regional market outlook- North America, South America, Brazil, Europe
  • Information relating to market, supply, cost, and pricing analysis
  • Hard to find data on cost and TCO models, supplier details, and performance benchmarks
  • Macroeconomic and regional trends impacting cost, supply, and other market dynamics
  • Category-specific negotiation and sourcing advice

Market Size

Market Size North America

$2 Tn

Market Size Europe

$2.88 Tn

Market Size Asia Pacific

$5.29 Tn

Market Size Middle East - Asia

$0.48 Tn

Global Construction Market Research Report

The market for global construction is anticipated to grow by an average of around 3-4 percent by 2022 with LATAM and APAC holding more than 55 percent, i.e., half of the world's construction output by 2020. The key trend in the global construction industry is the significant growth of the construction sector in emerging markets such as India, China, Vietnam, Australia, and Indonesia. Presently, the African construction industry values at $210 billion and is expected to reach $260-$300 billion in 2021. The Brexit pressure, slow order book growth, and inflationary input costs will be key challenges in the construction market in the U.K. Among Asian countries, India and China are expected to contribute more to construction accounting to $55 trillion by 2030.

Global Construction - Industry Outlook & Forecast

  • The US, China, and India are expected to hold an approximately 50 percent share, worth $87 trillion, in incremental construction spending over the next 15 years
  • North America is expected to grow by a CAGR of 4–5 percent to reach $1.77 trillion in 2019, with an increase in investment in the industrial, public, and residential construction activities
  • Integrated project delivery is expected to be an emerging trend, enabling successful implementation and potential benefits of this outsourcing model in large-scale projects in the US.
  • Reduction in lifecycle cost and time are key factors that led to an increase in the usage of technologies like BIM (3D&4D), laser scanning, 3D printing, and smart building systems in the global construction sector.

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Construction Market Outlook—US

  • The US construction industry was expected to grow at a CAGR of 4–5 percent from 2016 to 2019, driven by the residential, commercial, and industrial sectors. By 2020, the US is expected to spend $3.6 trillion in modernizing/replacing existing infrastructure
  • In 2019, the transportation segment is expected to witness the highest increase with 9 percent in the US construction spend, public safety construction spend increase by 6 percent, mainly due to the government's plan to invest $1 trillion in infrastructure development
  • Industrial construction is expected to grow by approx. 4–5 percent in 2019, driven by the construction of transportation facilities and industrial facility expansions

Why should you buy this report

The report elaborates on the market overview of the global construction industry of various regions such as the U.S., South America, Europe, APAC, and the Middle East. The report also identifies the drivers and constraints that impact the global construction market and provides the Porter's Five Force Analysis for emerging as well as developed regions. The report further shares the best procurement practices and the key factors for successful sourcing. It also infers the key performance indicators with pricing model analysis in the global construction market.

Methodology for writing this Report

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Table of contents

  1. Global Construction Market Executive Summary
  2. Global Construction Outlook
  3. Global Demand Trends
  4. Brexit - Impact on Construction Services
  5. Brexit - Mitigating Risks

 

  1. Global Construction Market Global Construction Industry
  2. Global Construction Outlook
  3. Mergers & Acquisitions
  4. Technology Trends

 

  1. Global Construction Market Regional Market Analysis
  2. North America (US), South America (Brazil), Europe (UK), Asia Pacific (China),Africa (South Africa), Middle east (Saudi Arabia)
  3. Raw Material Price Analysis - Steel (HRC)

 

  1. Developed Regions
  2. Emerging Regions

 

  1. Global Construction Market Supplier Analysis
  2. Supplier Landscape
  3. Key Global Supplier Profiling and SWOT analysis
  4. Key Regional Supplier Profiling
  5. Key Global Suppliers' Service Portfolio

 

  1. Global Construction Market Procurement Best Practices
  2. Sourcing Models
  3. Challenges in implementation and decision enablers
  4. Sourcing Models — Pros and Cons
  5. Pricing Models
  6. KPIs & SLAs

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Developed Regions:

  • North America: Strong non-residential construction activities (education, healthcare, and industrial facilities) will be the key determinants of the construction output in the region. The region is poised for stable growth until 2019
  • Europe: Followed by the decline in the sub-segments of construction and the Brexit impact in 2016, the labor cost has increased and construction output has decreased, as majority of the UK's workforce are immigrants, but this is expected to stabilize in 2018 with newer construction projects in the UK, Germany, France, and Italy creating employment opportunities across the sectors

Developing Regions:

  • APAC: The percentage contribution of APAC in the global construction spend is expected to reach approximately 45 percent in 2020. China has already begun to slow significantly in the near term, ceding its position as the fastest-growing Asian market to India. However, increasing demand for consumer-oriented construction will the key driver for the next 3 –4 years
  • South America: The region is facing slow growth, which is expected to continue for the next 2 –3 years. Brazil's construction industry is shrinking in real dollar values, while Argentina and Colombia continue to be the bright spots with better growth, driven by strong demand from the industrial and manufacturing construction activities

Brexit—Impact & Forecast on Construction Services

  • 15 percent of the construction labor in the UK is from the EU, which will affect the upcoming construction and maintenance projects
  • FDI investment is expected to contract over the next 10–12 months, as major policy changes are expected, due to the Brexit
  • A previously allocated budget of $9 billion for the EU will be diverted to infrastructure spend for the UKSource: Beroe AnalysisInvestmentsMaterialLong-Term ImpactLong-Term ImpactLong-Term

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