Global Overview of Construction and Real Estate

July 2021

This briefing examines how the construction and real estate industry is performing globally and in the largest countries in terms of construction and real estate output. The report also provides data for production, market size, imports, exports, industry costs and profitability and number of companies. The industry and market overview provide benchmarks against other countries in the region.

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Key findings

Innovative construction methods and technologies

The sharp rise in the prices of construction materials in the short- to medium-term will encourage builders to look for alternative materials and innovative solutions to mitigate cost increases. For instance, using larger prefabricated modules could allow builders to use a wider variety of materials which would otherwise be more difficult to work with on an open-air construction site. Moreover, modular designs could cut construction time in half.

Localisation of suppliers and contractors

The outbreak of the Coronavirus (COVID-19) pandemic led to severe supply chain disruptions globally, adversely affecting construction. Contractors were forced to look for local suppliers as Chinese products were largely unavailable due to border closures. Similarly, local contractors are expected to gain popularity as a more reliable option.

Green building and sustainability

The construction sector and the production of building materials play a significant role in CO2 emissions. Hence, with rising environmental awareness, companies are expanding their investments in sustainability and greener construction methods. For instance, the energy efficiency of buildings is becoming increasingly important for private consumers. Bearing in mind changing consumer preferences, contractors will invest in energy efficiency. Moreover, seeing rapidly rising prices for construction materials, the industry is searching for alternative renewable and more environmentally-friendly materials, such as timbercrete (mix of sawmill waste and concrete), hempcrete and bamboo.

 

Scope

iNTRODUCTION

Examining trends shaping the construction and real estate industry
COVID-19: impact on construction and real estate
Construction activities flourish despite slight setback in the first half of pandemic year
Production value to fully recover in 2021
China and the US continue to dominate construction and real estate globally
Rapidly rising materials prices pressure construction profitability
Infrastructure drives robust growth in developing countries
Chinese enterprises dominate global construction market
Total number of companies declines in light of global pandemic
Industry concentration remains low despite consolidation
China and the US to drive future production value growth, supported by recovery funds
Major markets see swift construction recovery, while Latin America stagnates
Key future trends shaping the global industry
China : industry bounces back from the COVID-19 shock
Booming residential and infrastructure sectors to compensate for non-residential slowdown
USA : construction records swift recovery following COVID-19 downturn
Growing infrastructure spending drives swift construction recovery
Germany : construction to maintain stable growth
Housing market to maintain upward trend despite COVID-19 turbulences
United Kingdom : industry to see mild recovery
Heavy infrastructure funding to compensate for slow residential and non-residential demand
France : following recovery, industry growth is set to slow down
Infrastructure to support recovery, while slow construction demand hinders future growth
India : financial stimulus to support swift recovery
Solid government support to help the industry’s recovery
Canada : recovery set to be swift, followed by solid industry growth
Residential and non-residential construction to recover and enter solid growth path
Italy : economic downturn hinders construction growth
Construction remains hindered by high unemployment and greater uncertainty
Russia : industry recovers from COVID-19 shock, facilitated by infrastructure
Industry to see rising housing demand, while infrastructure will drive short-term recovery
Brazil : persisting COVID-19 crisis poses a threat to construction recovery
Construction demand to remain depressed, facing higher uncertainties

cOUNTRY Snapshots

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