Construction Industry to Grow 3.9% Annually During 2016-2020

dubaiBy Accommodation Times News Services

PUNE, India, October 29, 2015 /PRNewswire/ —

Global Construction Outlook 2020 market research report says construction industry has
regained growth momentum, with the pace of expansion accelerating to 3.8% in 2015, and
then an average annual increase of 3.9% over 2016-2020.

Complete report on construction industry spread across 87 pages and supported with 11
tables and 118 figures is now available at .

Based on the CIC’s Global 50, a grouping of the 50 largest and most influential
markets in the world, the global construction industry is projected to grow from US$7.4
trillion in 2010 to US$8.5 trillion in 2015 and to US$10.3 trillion in 2020, when measured
at constant 2010 prices and exchange rates (real 2010 US$).The construction industries in
emerging markets are forecast to continue to grow at a much faster rate than the advanced
economies. With reference to the CIC Global 50, emerging markets accounted for more than
half of the world’s construction output for the first time ever in 2012 (at 2010 US$) and
by 2020 it will have a 56% share. From 2016-2020, the construction industries in advanced
economies combined are forecast to expand by 2.2% a year on average, while emerging
markets will record a 5.3% annual expansion during the same period. However, the advanced
economies are at least improving, with growth accelerating from just 0.6% a year on
average in 2011-2015.

Similar Articles

Leave a Reply