Recent Release | 16 Mar 2023

Global Construction Futures

Economic Consulting Team

Oxford Economics

Global construction work done will grow over US$4.2 trillion over the next 15 years

Global Construction Futures provides forecasts for the global construction industry and forecasts for all major construction markets globally to 2037.

Key findings


Growth in global construction work done over next 15 years


expected in 2037, driven by construction markets in China, US and India.


of all construction work done over next 15 years by the world’s top 10 construction markets


fastest growing construction markets over the next 15 years will be Philippines, Vietnam, Malaysia and Indonesia

Key market drivers identified

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About the team

Our construction and industry teams are world leaders in quantitative economic and industry analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the-art techniques. Lead economists on this project are:

Graham Robinson
Graham Robinson

Global Infrastructure and Construction Lead

Jeremy Leonard

Managing Director of Global Industry Services

Nicholas Fearnley

Head of Global Construction Forecasting

Construction Futures 2023 press release

1 out of 2

“The Aon Global Construction and Infrastructure Leadership Team was delighted to have worked in close partnership with Oxford Economics in developing Global Construction Futures – it is a powerful and analytical forecast and view of the future of construction and infrastructure. Global Construction Futures is a must read for all leaders and others across the sector.”

James MacNeal, Global Head of Construction and Infrastructure

2 out of 2

“Gleeds was pleased to have been a part of Global Construction Futures – it is a must-read for any leader or organisation with a footprint in the construction sector and gives a clear analysis of the key drivers for growth in global construction and infrastructure.”

Graham Harle, Chief Executive Officer

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