Wednesday, June 23, 2010

Construction Outlook 2020

Today’s global construction market is worth an estimated $7.5 trillion. By 2020, the global construction market will be worth an estimated $12.7 trillion – 70% growth.

Emerging construction markets in Asia-Pacific will grow by an estimated 125% between 2009 and 2020.

China will overtake the US as the largest construction market globally by 2018 and by 2020 the construction market in China will be worth an estimated $2.4 trillion.

India will overtake Japan by 2020 to become the third largest global construction market.

The world’s top ten construction markets by size today will change over the next decade as growth in emerging markets such as BRIC countries outpace developed countries.

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