Construction Market Size, Trends and Growth Forecasts by Regions and Countries, 2025-2029 (Q1 2025)

List of Tables

This report provides a detailed analysis of the prospects for the global construction industry up to 2029.

GlobalData forecasts global construction output to rise by a more muted 2.3% in 2025, as rising uncertainty over geopolitical tensions and looming US tariff policies stifle progress worldwide. This marks a decline in the rate of growth compared with 2024, where output increased by 3.1%, and comes following significant revisions to key construction economies such as the US. Despite exhibiting a higher rate of growth, the 2024 construction environment was characterized by increased liquidity, with rising access to credit, as disinflation enabled monetary easing worldwide. It was hoped that declining interest rates would facilitate a rise to the largest component of construction output - residential - which makes up 34.3% of the total industry. However, increased uncertainty has driven widening bond yields, with 30-year mortgage lending rates not falling as substantially as central bank interest rates. Therefore, instead of 2024 creating a launchpad for the industry, allowing further growth over the forecast period, the prospect of a global trade war and increased likelihood of recession, has resulted in lower construction output expectations. As a result, GlobalData has revised its forecast for 2025, downgrading growth compared with the 2.8% estimated in the Q4 2024 Global Construction Outlook.

Scope

An overview of the outlook for the global construction industry to 2029.
Analysis of the outlook for the construction industry in major global regions: North America, Latin America, Western Europe, Eastern Europe, South Asia, South-East Asia, North-East Asia, Australasia, the Middle East and North Africa, and Sub-Saharan Africa.
A comprehensive benchmarking of 91 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 2029. 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.

Product Code: GDCN0039GO

1 Global Outlook

2 Regional Outlook: US and Canada

2.1 Overview
2.2 Key Updates

3 Regional Outlook: Latin America

3.1 Overview
3.2 Key Updates

4 Regional Outlook: Western Europe

4.1 Overview
4.2 Key Updates

5 Regional Outlook: Eastern Europe & Central Asia

5.1 Overview
5.2 Key Updates

6 Regional Outlook: South-East Asia

6.1 Overview
6.2 Key Updates

7 Regional Outlook: South Asia

7.1 Overview
7.2 Key Updates

8 Regional Outlook: Australasia

8.1 Overview
8.2 Key Updates

9 Regional Outlook: North-East Asia

9.1 Overview
9.2 Key Updates

10 Regional Outlook: Middle East and North Africa

10.1 Overview
10.2 Key Updates

11 Regional Outlook: Sub-Saharan Africa

11.1 Overview
11.2 Key Updates

Appendix

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Product Code: GDCN0039GO

List of Table

List of Tables

Table 1: Global Construction Output Growth (Real, % Change), 2020-2029
Table 2: North America, Construction Output Value (Real, $ 2022 Billion), 2020-2029
Table 3: Latin America, Construction Output Value (Real, $ 2022 Billion), 2020-2029
Table 4: Middle East and North Africa, Construction Output Value (Real, $ 2022 Billion), 2020-2029
Table 5: Sub-Saharan Africa, Construction Output Value (Real, $ 2022 Billion), 2020-2029
Table 6: South-East Asia, Construction Output Value (Real, $ 2022 Billion), 2020-2029
Table 7: South Asia, Construction Output Value (Real, $ 2022 Billion), 2020-2029
Table 8: North-East Asia, Construction Output Value (Real, $ 2022 Billion), 2020-2029
Table 9: Australasia, Construction Output Value (Real, $ 2022 Billion), 2020-2029
Table 10: Western Europe, Construction Output Value (Real, $ 2022 Billion), 2020-2029
Table 11: Eastern Europe & Central Asia, Construction Output Value (Real, $ 2022 Billion), 2020-2029
Table 12: US and Canada, Construction Output Growth (Real, % Change)
Table 13: Latin America, Construction Output Growth (Real, % Change)
Table 14: Western Europe, Construction Output Growth (Real, % Change)
Table 15: Eastern Europe and Central Asia, Construction Output Growth (Real, % Change)
Table 16: South-East Asia, Construction Output Growth (Real, % Change)
Table 17: South Asia, Construction Output Growth (Real, % Change)
Table 18: Australasia, Construction Output Growth (Real, % Change)
Table 19: North-East Asia, Construction Output Growth (Real, % Change)
Table 20: Middle East and North Africa, Construction Output Growth (Real, % Change)
Table 21: Sub-Saharan Africa, Construction Output Growth (Real, % Change)

List of Figure

List of Figures

Figure 1: Global Construction Output Value by Sector (Real, Index 2019=100), 2020-2029
Figure 2: Global Construction Output Value by Region (Real, 2022 $ Billion), 2020-2029
Figure 3: Global Construction Output and GDP by Region and Sector, 2025
Figure 4: Construction Output Growth vs Risk, by Country
Figure 5: US and Canada, Construction Output Value (Real, $ 2022 Billion)
Figure 6: The US, Value of Construction Put in Place ($ Billion, Nominal Seasonally Adjusted Annual Rate), YoY % Change
Figure 7: The US, Number of People Employed in the Construction Industry, In Thousands
Figure 8: Canada, Investment in Building Construction (CAD Million, Seasonally Adjusted Constant Prices)
Figure 9: Canada, Value of Building Permits Issued, in Seasonally Adjusted Constant Prices, % Change YoY
Figure 10: Latin America, Construction Output Value (Real, $ 2022 Billion)
Figure 11: Mexico, Construction Value-add, 2018 Prices (MXN Billion)
Figure 12: Brazil, Construction Value-add (BRL Billion, Chained at 1995 Prices)
Figure 13: Argentina, Synthetic Indicator of Construction Activity (2004=100)
Figure 14: Chile, Number of Workers in the Construction Industry, In Thousands
Figure 15: Colombia, Total Area Approved for Construction, In Thousand m2
Figure 16: Western Europe, Construction Output Value (Real, $ 2022 Billion)
Figure 17: The UK, Construction Output, Chained Volume Measures, Seasonally Adjusted (GBP Million)
Figure 18: Germany, Construction value-add, 2015 Chained Linked Volume Measures (EUR Million)
Figure 19: France, Construction Value Add (EUR Million, 2020 Chained Prices)
Figure 20: Italy, Construction Value Add (EUR Million, 2020 chained prices)
Figure 21: Spain, Construction Value Add (EUR Million, 2020 Chain Linked Volume Prices)
Figure 22: Eastern Europe and Central Asia, Construction Output Value (Real, $ 2022 Billion)
Figure 23: Russia, Construction Activity Volume Index, Percent of Corresponding Period of Previous Year
Figure 24: Turkey, Construction Value Add (TRY Million, 2009 Chain Linked Volume Measures)
Figure 25: Poland, Construction Value Add (PLN Million, 2020 Chained Prices)
Figure 26: Uzbekistan, Construction Value Add, In Constant Previous Year Prices, In UZS Billion
Figure 27: South and South-East Asia, Construction Output Value (Real, $ 2022 Billion)
Figure 28: Indonesia, Construction Value-Add (2010 Constant Prices, IDR Trillion)
Figure 29: Vietnam, Construction Value-Add, 2010 Constant Prices (VND Billion)
Figure 30: Singapore, Total Fixed Capital Formation in Construction (2015 Chained Prices, SGD Million)
Figure 31: Malaysia, Construction Value-Add (2015 Constant Prices, MYR Million)
Figure 32: The Philippines, Gross Fixed Capital Formation in Construction (PHP Billion, 2018 Constant Prices)
Figure 33: Thailand, Construction Value-add (THB Million, 2002 Constant Prices)
Figure 34: South Asia, Construction Output Value (Real, $ 2022 Billion)
Figure 35: India, Construction Value-add (Constant 2011-12 Prices, INR Billion)
Figure 36: Bangladesh, Construction Value Add at Constant Market Price (FY2015-16 Prices, BDT Billion)
Figure 37: Sri Lanka, Construction Output (LKR Million, 2015 Constant Prices)
Figure 38: Australasia, Construction Output Value (Real, $ 2022 Billion)
Figure 39: Australia, Total Value of Construction Work Done, AUD Billion Chain Volume Measure
Figure 40: Australia, Construction Sector Jobs, in Thousands
Figure 41: New Zealand, Construction Value-Add, (NZD Million, 2009/2010 Chain-Volume Measures)
Figure 42: New Zealand, Gross Fixed Capital Formation, (NZD million, 2009/2010 Chain-Volume Measures)
Figure 43: North-East Asia, Construction Output Value (Real, $ 2022 Billion)
Figure 44: China, Construction Value-add, Accumulated Quarter, % Change YoY
Figure 45: South Korea, Construction Production Index (2020=100)
Figure 46: Mongolia, Construction Value-add (MNT Billion, 2015 Constant Prices)
Figure 47: Middle East and North Africa, Construction Output Value (Real, $ 2022 Billion)
Figure 48: Saudi Arabia, Construction Value-Add (SAR Million, 2018 Constant Prices)
Figure 49: The UAE, Total Bank Credit to Construction and Real Estates (AED Million)
Figure 50: Morocco, Loan Outstanding for Construction and Public Work (MAD, Million)
Figure 51: Qatar, Construction Value-Add, Constant Prices (QAR Million, 2018 Base Prices)
Figure 52: Sub-Saharan Africa, Construction Output Value (Real, $ 2022 Billion)
Figure 53: Nigeria, Construction Value-add (NGN Billion, 2010 Constant Prices)
Figure 54: South Africa, Gross Fixed Capital Formation (ZAR Billion, Constant 2015 Prices)
Figure 55: Tanzania, Construction Value Add (TZS Billion, 2015 Constant Prices)

Construction Market Size, Trends and Growth Forecasts by Regions and Countries, 2025-2029 (Q1 2025)

Description

Table of Contents

List of Tables

Scope

Reasons to Buy

Table of Contents

Table of Contents

1 Global Outlook

2 Regional Outlook: US and Canada

3 Regional Outlook: Latin America

4 Regional Outlook: Western Europe

5 Regional Outlook: Eastern Europe & Central Asia

6 Regional Outlook: South-East Asia

7 Regional Outlook: South Asia

8 Regional Outlook: Australasia

9 Regional Outlook: North-East Asia

10 Regional Outlook: Middle East and North Africa

11 Regional Outlook: Sub-Saharan Africa

Appendix

List of Table

List of Tables

List of Figure

List of Figures