Report Description

The global construction industry showed some recovery in 2021. With vaccination taking place, governments in many countries started withdrawing restrictions. Consequently, it helped increase construction activities.

Despite the economic challenges, the Asia Pacific construction industry recorded significant growth in 2021. Demand for residential construction remained strong in big economies. On the other hand, infrastructure construction experienced more significant investments, and regional construction companies expanded in other markets. According to ConsTrack360’s Q4 2021 Global Construction Market Survey, demand for commercial properties remains stable as key e-commerce companies create demand for larger commercial spaces.

Chinese authorities are loosening restrictions on home approvals and lending to avoid industry collapse

With the construction industry is facing many operational challenges, authorities have started to loosen restrictions on home approvals and lending to avoid a complete collapse. According to ConsTrack360’s Q4 2021 Global Construction Market Survey, in China, bank credit is being offered to property firms much higher than in any period during Q2 2021 and Q3 2021. Notably, mortgage lending in China increased by more than US$30 billion (200 billion yuan) in October 2021 from around US$23 billion (150 billion yuan) in September 2021.

Approvals for home sales and property loans are gaining momentum in Chengdu, the capital of the southwestern province of Sichuan. Moreover, restrictions on using proceeds from pre-sales have also been eased in the region. The Chinese Government is looking to ensure that there is enough liquidity to maintain construction in the property sector. Consequently, ConsTrack360 expects loosening restrictions to support the market growth in the next six to eight quarters.

The European construction industry faced many socio-economic challenges in 2021. The rising prices of key raw materials, including iron, steel, and copper, are causing deep concerns for construction companies operating in the region. Moreover, lack of manpower and disruption in the supply chain was affected the construction activities. However, many governments have taken strong steps to support the construction industry which helped the industry to record stable growth in the last two quarters.

The construction industry is growing rapidly in the United Kingdom

A sharp increase in business activity was seen across all areas of the construction industry, including the residential, commercial, and infrastructure sectors. However, the housebuilding sector remains one of the fastest-growing in the United Kingdom construction industry.

ConsTrack360 expects the growth in the housebuilding sector to be spurred by the stamp duty exemption. Notably, the stamp duty exemption has fueled the demand for housing among buyers in 2021. With the pandemic measures easing and the economy reopening again for business, as usual, ConsTrack360 expects the demand to continue in the housing sector over the next four to eight quarters. However, rising costs and material shortages could have a severe impact on the overall projected growth in the residential construction sector in the near term.

About the growth prospects of the overall construction industry in the country, ConsTrack360 remains optimistic over the next four to eight quarters.

The construction industry in Middle East and Africa was largely affected due to the prolonged suspension of economic activities to contain the spread of the coronavirus outbreak. The onset of the coronavirus and subsequent decline in the oil prices had a negative impact on the construction sector. Although construction activities were affected, the work continued but with reduced productivity while keeping social distancing norms in mind. However, the sector showed some recovery in the last three to four quarters with various upcoming construction projects across the region.

The commercial infrastructure sector is expected to assist the growth of the industry in the UAE

Over the last decade or so, the UAE has emerged as one of the most popular tourist destinations, and the country intends to keep it that way. For instance, in the commercial infrastructure space, Abu Dhabi is planning to attract almost 8 million tourists annually by 2030 under the Abu Dhabi Plan 2030.

For serving the huge inflow of tourists, the government is planning to boost investment in the commercial infrastructure space from the short to medium-term perspective. Furthermore, the country is also hoping to expand its retail and office space to four million square meters by 2030. All of these factors are expected to support the growth of the commercial infrastructure sector in the UAE in the near term.

Moreover, nearly 160 hotel construction projects with more than 45,700 rooms are in the pipeline. This will subsequently assist the overall construction industry in the next four to eight quarters in the country.

Government initiatives along with improved consumer sentiment primarily supported the Latin American construction industry in the last four quarters. In 2020, the region was the worst affected in terms of construction output due to strict lockdown. However, as the vaccination took place and the government started withdrawing restrictions, the market showed some recovery since Q3 2021. ConsTrack360 estimates the market will be primarily supported by large housing projects and rising investments in infrastructure construction in 2022.

Casa Verde e Amarela housing program expected to support investment and growth in the Brazilian construction industry

In late 2020, the Brazilian Government ended the Minha Casa Minha Vida program to implement the new Casa Verde e Amarela housing program. Under the program, the Government aims to regularize up to 2 million homes and renovate over 400,000 over the next four years in the country. ConsTrack360 expects the housing program to support investment and growth in the Brazilian construction industry over the next four to eight quarters.

Notably, the new housing program offers a subsidy to over 1.5 million low-income families, consequently expected to boost the demand for affordable housing in the country. Moreover, the new program also offers low-interest rates when compared to the Minha Casa Minha Vida program. ConsTrack360 expects that the reduced interest rates, subsidized housing units, and land regularization will further boost the growth of the overall construction industry in Brazil from the short to medium-term perspective.

The construction industry outlook remains stable from the short to medium-term perspective in the United States and the North American region

In the United States, several projects are working their way through the planning phase, whereas others have finally resumed after a year of the global pandemic caused delays.

Despite the challenges associated with the global supply chain, such as rising raw material prices, shortage of building materials, and lack of skilled labor, ConsTrack360 projects that the residential construction sector will continue its stable growth over the four to eight quarters. Notably, the double-digit growth in the residential construction sector since Q3 2020 has made a significant contribution to the rebound of the overall economy and construction industry.

The residential construction sector largely remains supported by low lending rates, strong demand for bigger homes, and low housing inventory in the United States. Over the next few quarters, ConsTrack360 expects the healthcare and education sectors to receive more attention. Overall, ConsTrack360 maintains a stable outlook for the construction industry from the short to medium-term perspective in the United States.

This report from ConsTrack360 provides data and trend analyses on global construction industry, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 2,1000+ charts and 1,500+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.

It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.

This title from ConsTrack360 is a bundled offering, comprising 20 country reports:

Country Report 1 - Australia Construction Industry Databook Series
Country Report 2 - Brazil Construction Industry Databook Series
Country Report 3 - China Construction Industry Databook Series
Country Report 4 - France Construction Industry Databook Series
Country Report 5 - Germany Construction Industry Databook Series
Country Report 6 - India Construction Industry Databook Series
Country Report 7 - Indonesia Construction Industry Databook Series
Country Report 8 - Mexico Construction Industry Databook Series
Country Report 9 - Nigeria Construction Industry Databook Series
Country Report 10 - Philippines Construction Industry Databook Series
Country Report 11 - Qatar Construction Industry Databook Series
Country Report 12 - Russia Construction Industry Databook Series
Country Report 13 - Saudi Arabia Construction Industry Databook Series
Country Report 14 - Singapore Construction Industry Databook Series
Country Report 15 - South Africa Construction Industry Databook Series
Country Report 16 - Turkey Construction Industry Databook Series
Country Report 17 - United Arab Emirates Construction Industry Databook Series
Country Report 18 - United Kingdom Construction Industry Databook Series
Country Report 19 - United States Construction Industry Databook Series
Country Report 20 - Vietnam Construction Industry Databook Series


Scope

Each country report covers the following:


    • Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025. KPIs covered include the following:
    • Market size by value
    • Market size by volume of construction
    • Number of units
    • Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
    • Housing type (multi family, single family)
    • Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
    • Price point / income level (luxury, mid-tier, affordable)
    • Construction stage (new construction, re-development & maintenance)
    • Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
    • Green building by Housing type (multi family, single family)
    • Green building by Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
    • Green building by Price point / income level (luxury, mid-tier, affordable)
    • Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
    • Office (further broken down by Grade A, Grade B, and Grade C)
    • Retail (further broken down by Grade A, Grade B, and Grade C)
    • Hospitality (further broken down by Grade A, Grade B, and Grade C)
    • Restaurant (further broken down by Grade A, Grade B, and Grade C)
    • Entertainment
    • Sports facility
    • Construction stage (new construction, re-development & maintenance)
    • Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
    • Office green building construction
    • Retail green building construction
    • Hospitality green building construction
    • Restaurant green building construction
    • Entertainment green building construction
    • Sports facility green building construction
    • Other commercial green building construction
    • Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)
    • Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
    • Healthcare construction
    • Educational construction
    • Public sector
    • Construction stage (new construction, re-development & maintenance)
    • Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
    • Healthcare green building construction
    • Educational green building construction
    • Infrastructure Construction Sectors: 10- year market size & forecast in value terms by
    • Marine and inland water infrastructure
    • Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
    • Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
    • Construction stage (new construction, re-development & maintenance)
    • Green Infrastructure Construction: 10- year market size & forecast in value terms




Reasons To Buy


  • • In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of global building and infrastructure construction industry.
    • Volume and Value Data: Get detailed understanding of the market both from value and volume (both by activity and units) perspective for historical as well as forecast period
    • Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in construction industry.
    • City Level Insights: Get city level trend analyses by tier-1, tier-2, and tier-3 cities.