Global

Global Construction 2020

A global forecast for the construction industry over the next decade to 2020

The forecasts presented in this report were made when the global economy was beginning to show signs of recovering from the worst global recession since the Second World War.

Our forecasts cover the next decade to 2020 for most major construction markets worldwide. They find a major global industrial sector in transition as emerging markets overtake developed countries to become the biggest part of the market.

Construction today is a $7.5 trillion market accounting for 13.4% of world output.

By 2020, we estimate construction output will have grown by 70% to $12.7 trillion and will account for 14.6% of world output with some of the larger emerging markets such as China, India, Russia, Brazil and Poland driving growth, along with the US.

The report provides forecasts for infrastructure, residential and non-residential construction markets and is backed by a database of detailed forecasts of global construction output.

We believe this report will be an invaluable tool not only for senior executives in the global construction industry but also for policy makers and others outside the sector.

Author(s): several

Source: RICS

Published: 18.01.2010