Global Construction 2020 provides analysis of long-term forecasts for the global construction industry, including housing, infrastructure and non-housing building construction. It is published by Global Construction Perspectives and Oxford Economics, and sponsored by PwC. The report compares and contrasts major regional construction markets including United States of America and Canada, Central and South America, Western and Eastern European Countries, Japan, Australia, BRIC countries – Brazil, Russia, India and China - Asia Pacific and Middle East and Africa.
The theme of this year’s report is the key cities of the world, comparing those of the BRIC economies with those in the more mature countries.
Construction in the key emerging markets and cities of Asia Pacific is expected to more than double over the next decade to 2020, providing significant growth opportunity for all parts of the construction industry.
Housing is the largest global sector for construction, whilst the global infrastructure market is expected to show the highest growth in the next decade. Global sports events, nuclear and renewable energy and other key sectors, helping to drive and shape demand, will be highlighted, along with the key challenges the industry faces in dealing with the environment and climate change.
Following the worst global recession in decades, this global forecast for the construction industry provides timely insight for those seeking growth, and help identify those places where it is most likely to arise.
|Forecasting the future.
Global construction to grow faster than the world economy over the next decade.
PwC's global panel shares their views.