Global Construction Market to Reach $15 Trillion in 2025

摘要

Aglobal study forecasts the volume of construction will grow by more than 70 percent to $15 trillion worldwide by 2025. The study, third in a series from Global Construction Perspectives and Oxford Economics, shows the meteoric growth, which outpaces that of global GDP, will be concentrated in three countries: China, the United States, and India. "World construction markets are at a tipping point already with 52 percent of all construction activity in emerging markets today. We expect to see this increasing to 63 percent by 2025, with China and India contributing most to growth in emerging markets," says Graham Robinson, executive director, Global Construction Perspectives.