Global Construction Market: Analysis of Major Emerging Trends and Developments in the Next Decade

The global construction and infrastructure industry is rapidly evolving and showing new trends and developments. Once considered the least productive industry, is now advancing towards efficiency through automation, digitalisation, advanced materials etc. On the technology side, 3D printing, drones, robots, GPS tracking are some of the tools the industry has already started using in various
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The global cement and concrete market is expected to see substantial changes

The global construction industry is showing substantial growth which has been driving demand for cement and concrete. One of the key drivers behind the growth is urbanisation particularly in emerging markets. Meanwhile, rising per capita income is also underpinning demand for cement and concrete in the residential construction sector. On the other hand, to provide
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The advanced glazing glass market to show substantial demand growth

The advanced glass is changing the face of construction. Today we have a variety of advanced glass used for glazing which are performing various functions in addition to providing a nice look to the building. The market has been grown very fast recently and now account for a considerable share in the total construction glass.
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OBOR and the railway infrastructure market

The One Belt, One Road (OBOR) is the Chinese government global initiative to connect China with rest of the world through roads, railways, ports and gas pipelines. With the enormous potential investment of $900 billion, the project was initiated in 2013 by the Chinese President Xi Jinping, and is considered the most massive overseas investment
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One Belt, One Road — the main beneficiary

In 2013, China’s president, Xi Jinping, proposed the ’One Belt One Road (OBOR) initiative, to create the world’s largest platform for trade and economic development. The State Council authorised the plan in 2015 comprising two components, the silk road economic belt and the maritime silk road, creating a network of roads, railways and waterways. The
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CPEC is set to revive construction and infrastructure market in Pakistan

China-Pakistan Economic Corridor (CPEC) is around 3,000 km long trade route from Pakistan’s Gwadar Port to Kashgar city in northwestern China’s Xinjiang Uygur autonomous region. The route is comprised of a raft of mega construction and infrastructure projects set to be completed by 2030. The Chinese government promised to finance CPEC with $46 billion investment,
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The Chinese property market is set to be regulated further

It has now been almost a year since Shanghai introduced its most stringent policy to control the overheating property market. The boom in the property market has not been limited to Shanghai only but also observed across other major cities. Prices are still climbing at double digit growths across major cities but they have recently
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Implications of oil prices on the construction infrastructure in Saudi Arabia

Growing population pressure and falling oil prices have been forcing Saudi Arabia to diversify its economy and attract investment in non-oil related industries. This will require some huge investment in the country infrastructure. The government has already prepared a long term development plan called Vision 2030 which encompasses all major sectors including building infrastructure. A
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Behind the rising labour costs in the Chinese construction industry

The labour cost in the Chinese construction industry has been on the rise due to labour shortages across major cities. However, the wage rise has still not overcome the shortage issue. The average wage in the Shanghai construction market reached nearly RMB 7,000/month in the final quarter of 2016, and registered an increase of 5%
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New Chinese mortgage rules to support the property market

China Central Bank has recently released a policy which reduced the minimum down payment for the first time home buyers from 30% to 25% of the purchase price. However, this policy mainly applies to tier-two and tier-three cities, which could help to boost the demand of the property market. China implemented the 30% down payment
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