Global construction market review 2016 (video)
By Joe Malone16 November 2016
International Construction reviews the global construction market and looks ahead to the next 12 months and beyond.
As an overview, the construction industry globally is forecast to grow 3.9% per annum, between 2016 and 2020.
At the end of this forecast period, emerging markets are expected to overtake mature markets to represent a 56% share of the industry’s total value, and they’ll do that by growing at 5.3% per annum, compared with growth of only 2.2% per annum for more mature markets.
The biggest growth markets in the run-up to 2020 are set to be those in the Asia-Pacific region and in the Middle East.