Global Construction Outlook to 2023 - Q3 2019: Asia Pacific to Continue Dominance in Industry

Published on : Oct 18, 2019

Albany, New York, October 18, 2019: The global construction industry towards the end of 2019 has largely slowed down, even as the construction output has slumped across emerging markets, at a faster rate than previously projected, especially in countries of the Middle East. Even advanced economies such as those in North America, Europe and Australia have been struggling to bolster growth rates.

The countries in the Asia Pacific region will cumulatively continue to dominate in terms of market share for the global construction industry, owing to the constant investments in China, Japan, and India, even though even this region has witnessed a slowdown in growth.

China is expected to see an acceleration in growth, as authorities are pushing investments. This trend is also being supported by the projected stabilization of the global economy in 2020. On the other hand, the prevalent geopolitical situations are resulting in the deterioration of the investor confidence, disrupting capital flows.

A study of the global construction industry is compiled and published in the report titled, “Global Construction Outlook to 2023 - Q3 2019 Update” that has been added to the massive research repository of Market Research Hub (MRH).

The market is also suffering from the trend of overinvestment in recent years, particularly in the residential segment, which has resulted in a glut on the market. South East Asia invests heavily in a number of new infrastructure projects, which is a key factor in the positive outlook for the near future. Growth will also occur in the countries of the Middle East and Africa region at an incremental rate, as infrastructure projects, most of which are related to transport pick up pace.

Global Construction Outlook to 2023 - US – June 2019: Report Overview

The report on the global construction outlook to 2023 in Q3 for 2019 provides the readers with a detailed analysis on the landscape of construction industry operating around the world. Industry-based forecasting models includes a full analysis of the research publication and primary interviews with industry participants in addition to consumer data.

The report also includes detailed interviews conducted by leading market analysts with industry savants, construction experts and industry analysts to provide key validations of the production volume and relevant assumptions in the study.

The global construction outlook report for the Q3 of 2019 foresees the performance of the market progress in terms of volumes forecast by different categories including manufacturing, marketing, technology, and construction costs, in addition to factors such as the growth of the global construction market.

For each of these categories, business development strategies and market projections adopted by key market players for specific strategies has also been added to the report.

Valuable insights which can be helpful for operators in the global construction market are provided in the report. Assessment of pricing analysis, barriers to market entry, supply-demand equation, and market expansion strategies, makes the report a highly credible source of data for business professionals interested in the global construction outlook market.

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