PUBLISHER: GlobalData | PRODUCT CODE: 2049079
PUBLISHER: GlobalData | PRODUCT CODE: 2049079
Construction Market Size, Trends and Growth Forecasts by Regions and Countries, 2026-2030 (Q1 2026)
This report provides a detailed analysis of the prospects for the global construction industry up to 2030.
As 2026 unfolds, the global construction outlook is increasingly defined by intensified cost pressures, with geopolitical shocks - such as those tied to Iran, Venezuela, and Ukraine-becoming more frequent and disruptive. Construction stakeholders are contending with energy price volatility and rising freight costs, alongside structural constraints including persistent shortages in skilled labor and chronically weak productivity. In this environment, GlobalData forecasts global construction output to grow by a modest 1.5% in 2026, following a 0.2% decline in 2025. The impact of these shocks will vary by region as markets adapt to a reshaped global trading landscape. Since
Donald Trump's "Liberation Day" tariffs were introduced on April 2, 2025, contractors have faced shifting trade conditions and heightened supply-chain disruption. Building material prices have continued to climb and are unlikely to ease through the year, particularly given ongoing conflict in the Middle East. This is expected to further squeeze contractor margins and reduce project viability. At the same time, financing conditions have tightened, while homebuilding and business confidence have weakened, driving an uptick in construction sector insolvencies.
Regionally, the US construction market is expected to rebound in 2026 after contracting in 2025 amid tariff-driven uncertainty and higher costs. The recovery will be supported by relatively resilient residential activity, along with investment in data centers and broader AI-related infrastructure. The euro area, however, is likely to remain a laggard due to subdued industrial demand. North-East Asia is forecast to be the weakest-performing region in 2026, with output falling 0.7% as China's prolonged property downturn continues to suppress private-sector building. By contrast, South Asia-led by India-is expected to post the strongest growth, rising 6.3%, while parts of the Middle East and North Africa should maintain momentum through state-led infrastructure and energy-transition programs.
Scope
- An overview of the outlook for the global construction industry to 2030.
- 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 2030. 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.
Table of Contents
Table of Contents
1 Global Outlook
2 Regional Outlook: North America
- 2.1 Overview
- 2.2 Key Updates
3 Regional Outlook: Latin America
- 2.3 Overview
- 2.4 Key Updates
4 Regional Outlook: Western Europe
- 2.5 Overview
- 2.6 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
- About GlobalData
- Contact Us
List of Table
List of Tables
- Table 1: Global Construction Output Growth (Real, % Change), 2021-2030
- Table 2: North America, Construction Output Value (Real, $ 2022 Billion), 2021-2030
- Table 3: Latin America, Construction Output Value (Real, $ 2022 Billion), 2021-2030
- Table 4: Middle East and North Africa, Construction Output Value (Real, $ 2022 Billion), 2021-2030
- Table 5: Sub-Saharan Africa, Construction Output Value (Real, $ 2022 Billion), 2021-2030
- Table 6: South-East Asia, Construction Output Value (Real, $ 2022 Billion), 2021-2030
- Table 7: South Asia, Construction Output Value (Real, $ 2022 Billion), 2021-2030
- Table 8: North-East Asia, Construction Output Value (Real, $ 2022 Billion), 2021-2030
- Table 9: Australasia, Construction Output Value (Real, $ 2022 Billion), 2021-2030
- Table 10: Western Europe, Construction Output Value (Real, $ 2022 Billion), 2021-2030
- Table 11: Eastern Europe & Central Asia, Construction Output Value (Real, $ 2022 Billion), 2021-2030
- 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), 2021-2030
- Figure 2: Global Construction Output Value by Region (Real, 2022 $ Billion), 2021-2030
- 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, Seasonally Adjusted Annual Rate), YoY % Change
- Figure 7: Canada, Investment in Building Construction (CAD Million, Seasonally Adjusted Constant Prices)
- Figure 8: Canada, Value of Building Permits Issued, in Seasonally Adjusted Constant Prices, % Change YoY
- Figure 9: The US, Number of People Employed in the Construction Industry, In Thousands
- Figure 10: Latin America, Construction Output Value (Real, $ 2022 Billion)
- Figure 11: Brazil, Business Confidence Index (ICEI)
- Figure 12: Mexico, Construction Value-add, 2018 Prices (MXN Billion)
- Figure 13: Peru, Construction Materials Price Index (2013=100)
- Figure 14: Argentina, Total Area Authorized for Building Permits (In thousand m2)
- Figure 15: Western Europe, Construction Output Value (Real, $ 2022 Billion)
- Figure 16: The UK, Construction Output, Chained Volume Measures, Seasonally Adjusted (GBP Million)
- Figure 17: Germany, Gross Fixed Capital Formation, Current Prices (% Change YoY)
- Figure 18: France, Construction Production Index (2021=100)
- Figure 19: Belgium, Gross Fixed Capital Formation (EUR Million), 2020 Chained Prices, Working Day and Seasonally Adjusted
- Figure 20: Spain, Building Permits - m2 of Useful Floor Area Index (2021=100)
- Figure 21: Eastern Europe and Central Asia, Construction Output Value (Real, $ 2022 Billion)
- Figure 22: Russia, Monthly Unemployment in Metropolitan Lima (in Thousands)
- Figure 22: Turkiye, Construction Turnover Index, Seasonal and Calendar Adjusted (2021=100)
- Figure 23: Poland, Construction Production Index (Chain Linked Volumes, Index 2021=100, % Change, YoY)
- Figure 24: Slovakia, Construction Production Index (2021=100)
- Figure 25: Bulgaria, Construction Production Index (Unadjusted, 2021=100)
- Figure 26: South and South-East Asia, Construction Output Value (Real, $ 2022 Billion)
- Figure 27: Singapore, Total Fixed Capital Formation in Construction (2015 Chained Prices, SGD Million)
- Figure 28: The Philippines, Construction Value-Add (PHP Billion, 2018 Constant Prices)
- Figure 29: Vietnam, Construction Value Add, 2010 Constant Prices (VND Billion)
- Figure 30: Indonesia, Value Index of Construction Completed by Construction Companies (2016 = 100)
- Figure 31: South Asia, Construction Output Value (Real, $ 2022 Billion)
- Figure 32: India, Construction Value-Add (Constant 2022-23 Prices, INR Billion)
- Figure 33: Pakistan, CPI (Urban) Index for Construction Input Items (2015-16=100)
- Figure 34: Sri Lanka, Tourist Arrivals (In Numbers)
- Figure 35: Bangladesh, Total Workers' Remittances (BDT Billion)
- Figure 36: Australasia, Construction Output Value (Real, $ 2022 Billion)
- Figure 37: New Zealand, Construction Value-Add, (NZD Million, 2009/2010 Chain-Volume Measures)
- Figure 38: New Zealand, Total Value of Building Work Put in Place, % Change YoY
- Figure 39: Australia, Total Value of Construction Work Done, AUD Billion Chain Volume Measures
- Figure 40: Australia, Total Value of Building Construction Works Done, % Change YoY
- Figure 41: North-East Asia, Construction Output Value (Real, $ 2022 Billion)
- Figure 42: China, Construction Output (Nominal, CNY Million)
- Figure 43: South Korea, Construction Value-Add (KRW Trillion, 2020 Chained Prices, Unadjusted)
- Figure 44: Japan, Total Floor Area of Building Construction Started, % Change YoY
- Figure 45: Mongolia, Construction Value-add (MNT Billion, 2015 Constant Prices)
- Figure 46: Middle East and North Africa, Construction Output Value (Real, $ 2022 Billion)
- Figure 47: The UAE, Total Construction Cost Index (2021=100)
- Figure 48: The UAE, Construction Value-Add (EGP Million, 2021-2022 Constant Prices)
- Figure 49: The UAE, Construction Value-Add, Constant Prices (QAR Million, 2018 Base Prices)
- Figure 50: Sub-Saharan Africa, Construction Output Value (Real, $ 2022 Billion)
- Figure 50: Tanzania, Commercial Bank Lending for Building and Construction (TZS Billion)
- Figure 51: Ghana, Consumer Price Index (2021=100)
