Architecture

• [New] As the global construction market is estimated to grow faster in the future, the global construction composites market is forecast to grow at 5% p.a. in 2016-2121.
• [New] In Europe, prices will continue to go up as construction costs and interest rates are also expected to increase in the next 3 to 5 years.
• As the global population grows and urbanizes, the construction industry will need to build an average of 13,000 buildings in major cities every day through the year 2050.
• Nearly 81% of the $13.2 trillion of the climate change investment opportunity that the IFC anticipates in the East Asia Pacific region is composed of construction of new green buildings in China ($12.9 trillion).
• The global construction industry needs to build 13,000 buildings each day between now and 2050 to support an expected population of 7 billion people living in cities (10 billion worldwide).
• Interest rates are expected to stay low, putting little pressure on defaults, and keeping demand for new construction nice and healthy.
• A recent study claimed China had resumed construction on more than 50 gigawatts of suspended coal-fired power projects last year and warned China could still build an additional 290 GW of capacity.
• The global construction composite market is expected to register a moderate growth during the forecast period, 2018 to 2023.
• Modular construction in European and US markets has the potential to deliver annual savings of up to $22 billion, and there is reason to believe the current revival could be different.
• The world stem cell market was approximately 2.715 billion dollars in 2010, and with a growth rate of 16.8% annually, a market of 6.877 billion dollars will be formed in 2016: From 2017, the expected annual growth rate is 10.6%, which would expand the market to 11.38 billion dollars by 2021.
• China's massive construction sector has generated significant demand for the use of ceramic inks: The Chinese government has projected the capital expenditure in construction over 7% higher in 2019 than the previous year.
• Australia's 180 MW Berrybank Wind Farm is now under construction in Victoria: The 43-turbine farm is expected to come online next year, and it should power around 138,000 homes once operational.
• Under moderate assumptions of penetration, the market value for modular construction in new real-estate construction alone could reach $130 billion in Europe and the United States by 2030.
• The global Commercial Construction market is expected to surge at a steady rate in the coming years, as economies flourish.
• The global construction industry is expected to witness significant growth in the coming years, with good opportunities in infrastructure, residential, and non-residential sectors.
• Research and Markets pegs the global smart glass market at $3.12 billion in 2017, with a forecast of $14.24 billion by 2026, while the global market for construction glass is forecast as $115 billion by 2020.
• There is tremendous growth in Indonesia's construction industry, with demand for plumbing products also expected to grow by 64 percent over 10 years, from $1.139 billion in 2013 to $1.865 billion by 2023.
• The new supply of high-quality retail space in Moscow in the coming years will be formed by the construction of community centres and mixed-use projects with retail premises.
• With only 71 purchase units under construction to deliver in 2019, and another 181 purchase units in speculative projects, demand will continue, pushing prices higher, making home ownership in downtown Nashville out of reach for a large portion of the market.
• The global construction industry is projected to surpass $12.9 trillion in 2022, and the total value of the US housing market alone grew to $33.3 trillion last year.
• Wood Mackenzie expects the new wave of investment in LNG supply to see a total of US$215 billion in expenditure between 2019 and 2025 on greenfield and brownfield projects, and backfill and finishing construction on projects already under construction.
• Capital spending on proposed North American pipelines will reach $232.5 billion and raise global pipeline capacity by a third.
• Europe hydrogen generation industry is anticipated to exhibit lucrative growth rate over the coming years: The growth can be attributed to the surging requirement for chemicals in construction as well as food & beverage industry.

See full forecast

Last updated: 16 July 2019