The global construction market is expected to grow by US$4.5 trillion over the decade to 2030 to reach US$15.2 trillion. Just four countries — China, India, US, and Indonesia — will account for almost 60% of this growth while the top 10 global construction markets are expected to account for almost 70% of the growth over the same period.
A proportion of the huge build-up in excess household savings across the developed world — equivalent to over 10% of GDP in North America — is expected to be unleashed by consumers and will drive economies to support heightened growth across the residential construction market.
A further wave of increased demand for construction will derive from accelerated infrastructure investment supported by large stimulus programmes aimed at boosting post pandemic economies.