DUBLIN, December 15, 2021 / PRNewswire / – The “Global Construction Industry Data Book Series – Market Size and Forecast (2016 – 2025) by Value and Volume (Area and Units) in 40+ Market Segments in Residential, Commercial, Industrial Construction, institutional and infrastructure – Update for the first quarter of 2021 “ the report was added to ResearchAndMarkets.com offer.
The global construction industry has slowed down due to the disruption of economic activities due to the COVID-19 outbreak. Among the different regions, Europe and Latin America were the most affected in terms of construction production due to strict containments. However, while operations resumed in Q3’20 in most major markets, construction production shows a recovery in 2021.
In APAC, the construction industry in Vietnam was the most successful. Despite the coronavirus outbreak, the sector continued to grow strongly in 2020. According to the Vietnam General Statistics Office (GSO), in the third quarter of 20, the construction industry grew 5.7% in year-on-year, with cumulative industry growth over the three quarters at 5%. In 2020, growth is expected to reach 5.5%.
In China, construction production is expected to rebound to more than 10% in 2021. In addition, China is poised to become the largest construction industry over the next decade.
Most of the APAC governments are focused on developing infrastructure to help economic recovery. In China for example, over the next fifteen years, the chinese state rail operator also plans to double the size of its high-speed rail network.
Likewise, in Australia, about US $ 14 billion will be invested in physical infrastructure projects, in particular road and rail projects (7.5 billion US dollars), road safety improvements ($ 2 billion), and improvement of local roads and trails ($ 1 billion). In addition, the government is also offering funding to accelerate the implementation of the 5G network in the country. Such investments are expected to have a positive impact on the entire construction industry in the APAC region.
The European construction sector was hit hard in 2020 due to the COVID-19 crisis. The sector is expected to rebound in 2021 with a recovery in construction production of 4%. Construction production in the EU-27 improved by 1.2% in november 2020 compared to October 2020 and declined 1.1% year-on-year. In the euro area, there was an increase of 1.4% compared to October 2020 and a decrease of 1.3% year-on-year compared to november 2019. Currently, the level of construction activity in the EU-27 is around 97.5% of the February level (euro area 97.6%), reflecting an improvement in the sector.
The impact of COVID-19 has been strong mainly in Italy, France and Luxembourg, with construction activities in sharp decline. In countries like Finland where containment was less drastic, construction activity was only moderately impacted in February-april 2020. More than 50% of countries have returned to construction activity to pre-crisis levels, excluding Slovakia, Poland, Bulgaria, Spain and Czech. While the Netherlands and Germany regained or slightly exceeded February level.
In 2020, in France and Spain housing permits have declined, which could impact housing completion in the years to come. In addition, spending on commercial buildings is expected to decline in 2021, given the poor financial performance of several companies and the impact of COVID-19. In 2021, countries subject to strict containment measures are expected to experience strong rebounds.
This report provides data and trend analysis on the global construction industry, with over 100 KPIs. It is a data-centric report and provides trend analysis with over 2,1000 charts and 1,500 tables. It details market size and forecast, emerging trends, market opportunities and investment risks in over 40 segments of residential, commercial, industrial, institutional and infrastructure construction.
It provides a comprehensive understanding of construction industry sectors in terms of value and volume (both by activity and by unit). The report focuses on combining industry dynamics with a macroeconomic scenario and changing consumer behavior to provide a 360 degree view of opportunities and risks.
Market data and information:
This report provides market size and forecast over 40+ construction segments for a 10-year period from 2016 to 2025.
The KPIs covered are as follows:
- Market size in value
- Market size by volume of construction
- Number of units
The coverage includes:
- Residential building construction coverage: 10-year market size and forecast in value and volume
- Green residential building construction coverage: 10-year market size and forecast in value and volume
- Commercial building construction coverage: 10-year market size and forecast in value and volume
- Green commercial building construction coverage: 10-year market size and forecast in value and volume
- Coverage of green industrial building construction: market size over 10 years and forecasts in value and volume (area and units)
- Coverage of the construction of institutional buildings: market size over 10 years and forecasts in value and volume
- Institutional coverage of green building construction: market size over 10 years and forecasts in value and volume
- Infrastructure Construction Sectors: 10-Year Market Size and Value Forecast
- Construction of green infrastructure: market size over 10 years and forecast in terms of value
For more information on this report, visit https://www.researchandmarkets.com/r/fjz65b
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