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Oxford Economics estimate the global construction market was valued at US$10.7 trillion in 2020; US$5.7 trillion of this output was in emerging markets.

The global construction market is expected to grow by US$4.5 trillion between 2020 and 2030 to reach US$15.2 trillion with US$8.9 trillion in emerging markets in 2030.

Regional construction growth is expected to be highest in Sub-Saharan Africa followed by emerging Asia.

Four countries – China, India, US, and Indonesia – to account for 58.3% of global growth in construction.

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