This report is the result of WMI’s extensive market, company and deals research covering the Global construction industry. It provides detailed analysis of both historic and forecast construction industry values, at market and category level, analysis of the leading companies in the industry, and an annual review of major events in the industry from the previous 12 months.
Top level overview of the Global construction industry
A breakdown of the Global construction industry by markets valued from 2005 through 2009 and forecasted from 2009 through 2014
A breakdown of the markets by categories valued from 2005 through 2009 and forecasted from 2009 through 2014
Details of top companies active across the Global construction industry
Latest news covering the Global construction industry in the last 12 months
Deals settled across various companies active in Global construction industry
The global construction industry grew at a CAGR of 6.31% over the review period (2005-09), with residential construction and infrastructure construction being the top two markets by size in 2009. Industrial construction was the fastest growing market over the review period. The residential construction market witnessed a strong demand until 2008 because of the global economic boom between 2003 and 2007. However, the subprime crisis that emerged in late 2007 led to fall in prices and demand for residential properties in 2008. The subprime crisis that originated in the US spread to the other nations, leading to global economic slowdown towards the end of 2008; and has adversely affected the construction industry. Most of the governments introduced large stimulus packages as counter-cycle measures to revive the economic growth. The stimulus packages mostly comprised of infrastructure projects that helped governments generate more number of jobs in short period. The stimulus packages led to increased construction activity in the infrastructure construction and institutional construction markets. Impact of global economic crisis was comparatively less on developing nations, which saw growth in the commercial construction market.
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