Market Research Report
Project Insight: Industrial Construction Projects - The Americas
|Published by||GlobalData||Product code||357939|
|Published||Content info||26 Pages
Delivery time: 1-2 business days
|Project Insight: Industrial Construction Projects - The Americas|
|Published: March 31, 2019||Content info: 26 Pages||
GlobalData's Construction Intelligence Center (CIC) is currently tracking industrial related construction projects in the Americas with a total value of US$ 510.3 billion. Of this, US$218.4 billion is in the planning stage and US$210.4 billion is in the execution stage. The US accounts for the highest value with US$314.5 billion, followed by Brazil with projects valuing US$73.4 billion. Canada and Chile follow with industrial construction projects with a value of US$49.4 billion and US$18.5 billion respectively. The highest value industrial projects in the region are the US$16.8 billion Hanford Tank Waste Treatment and Immobilization Plant in the US and the US$14.4 billion Carajas S11D Mine Development in Brazil.
The US is the dominant economic market in the Americas, and has the highest value of investment in industrial projects. However although the US is the top global consumer market, industrial construction in the Americas represents only 40% of the value of the Asia-Pacific industrial construction projects market. According to the Federal Reserve, both industrial production and manufacturing fell by 0.6% and 0.9% respectively in January 2019, led by a slump in the volatile motor vehicle sector, although total industrial production was 3.8% higher in January than a year previously, with manufacturing rising by 2.9% in this period. Brazil is the largest economy in Latin America, however industrial production growth decreased 2.6% year-on-year in January 2019, following a 3.6 percent decline in the prior month.