Global construction boom

Global construction could grow by +85% to US$ 15.5 trillion worldwide by 2030, according to research by Global Construction Perspectives.

The research stated that China, US and India will lead the way, accounting for 57% of worldwide growth.

The study shows an average global construction growth of +3.9% per year to 2030, outpacing that of global GDP by over +1%, driven by developed countries recovering from economic instability and emerging countries continuing to industrialise.

China construction growth will slow considerably with a slump in housing – the first ever decline in housing output for China will be registered this year. But, its transition to a consumer and services driven economy provides opportunity for growth in new types of construction in healthcare, education and social infrastructure, as well as retail and other consumer end-markets, according to the research.

Graham Robinson, executive director, Global Construction Perspectives, said, “China’s share of the world construction market will increase only marginally as growth slows in the world’s largest construction market to 2030. In comparison, US construction will grow faster than China over the next 15 years – growing by an average of +5% per annum. Meanwhile, we’re due to see a surge in construction rates in India as it overtakes Japan to become world’s third largest construction market by 2021.”

The construction market in India will grow almost twice as fast as China to 2030, providing a new engine of global growth in emerging markets. And, US construction growth will tilt towards the southern states, reflecting the region’s greater catch-up potential and higher population growth.

Brazil risks a lost decade, as the stranglehold of excessive bureaucracy and the Petrobras scandal continues to hold back the economy and investment, said Global Construction Perspectives.

As for Europe, whilst it won’t recover to reach pre-crisis levels until 2025, the UK is a stand-out growth market, overtaking Germany to become the largest in Europe and the world’s sixth largest construction market by 2030.

Fernando González, chief executive of Cemex, said, “Construction is likely to be one of the most dynamic industrial sectors in the next fifteen years and is utterly crucial to the evolution of prosperous societies around the world. The numbers within this report are huge and that translates as creating vast numbers of new jobs and creating significant wealth for certain countries across the globe”.

Recent News

 
Vermeer WC2500TX Wood Chipper
The WC2500TX tracked wood chipper has a 600-horsepower Tier 4-F engine that enables it to handle whole trees. It comes with either a microchip drum, which produces chip sizes between 1/8 and 5/8 inch, or a macrochip drum, which produces chips between 5/8 and 1 1/4 inches. High-wear areas—such as the drum, discharge chute, cutter
“TENEMOS TODO MENOS GASOLINA”
www.tractopart.com TENEMOS PIEZAS ORIGINALES, PARTES DE REEMPLAZO, RECONSTRUIDO Y USADOS CON GARANTÍA.
Antofagasta:  punto de encuentro de la industria minera en Exponor 2017
Una vez más, como ha sido cada año por medio desde 1995, los distintos estamentos que componen la industria minera se reúnen en una de las citas más importantes del sector, la Exhibición de Tecnologías e Innovaciones Globales para la Minería, Exponor. Con sede en Antofagasta, durante una semana se convierte en el polo de
Más de 2 mil operadores de equipos pesados participan en tercer concurso organizado por Ferreycorp
ACTUALIDAD EMPRESARIAL. Más de 2 mil operadores de equipos pesados participan en tercer concurso organizado por Ferreycorp.
Link-Belt 750 X4 Excavator
    The 750 X4 excavator has an operating weight of 158,300 pounds, and is powered by a 512-horsepower Isuzu engine. Cycles times have been boosted by 7 percent, and arm digging force by 15 percent, compared to the predecessor. Digging depth is 32 feet 4 inches with 64,970 lb.-ft. of arm force. Bucket digging
La fuerte baja en El Precio del cobre en Chile y menores leyes mineras golpearon al sector.
La compleja situación por la que atravesó la minería en 2016 se dejó sentir en la recaudación fiscal. Es que la caída en el valor del cobre y la disminución de las leyes mineras impactaron fuerte en el royalty, cuya recaudación alcanzó su menor nivel en la historia del impuesto específico que se creó en

About Us

 
In Tractopart we supply quality construction Parts and Heavy Equipment Parts with excellent discount rate for New , Used Rebuilt & Surplus parts for excavators, Wheel loader dozers, and undercarriage for all heavy equipment brands, we are locate in Miami, Fl

Contact Info

 

At Tractopart we focus on providing high quality parts at a great price. Our parts are subjected to rigorous inspection procedures that allow us to ensure product quality.


Phone: 786.219.1010
Email: sales@tractopart.com
Main Office: 3505 South Ocean Drive #204
Hollywood, FL 33019