A new report Global Construction 2030 forecasts the volume of construction output will grow by 85% to $15.5 trillion worldwide by 2030, with three countries - China, US and India - leading the way and accounting for 57% of all global growth.
The global study - the fourth in a series from Global Construction Perspectives and Oxford Economics - shows average global construction growth of 3.9 per cent pa to 2030, outpacing that of global GDP by over one percentage point, driven by developed countries recovering from economic instability and emerging countries continuing to industrialise.
The Big 5 Hub looks at the ten construction markets predicted to be the world’s largest in 2020. We look at initiatives taken by these governments to stay on top and future predictions. The countries’ global share in the construction market by 2020 has been obtained from a Bruce Shaw report.