Global Construction Industry Databook Q1 2023 Update: Demand for Co-Location Data Centers to Bolster Sector - ResearchAndMarkets.com

The "Global Construction Industry Databook Series - Market Size & Forecast by Value and Volume across 40+ Market Segments in Residential, Commercial, Industrial, Institutional, Infrastructure Construction and City Level Construction by Value - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Inflation, recessionary fears, and labor woes have continued to dampen the growth of the global construction market. The surge in construction material prices has resulted in project delays and spending decline from private players, including tech firms that have suspended construction activities of their hyper scale data center projects, manufacturing, and industrial facilities around the world.

The surge in construction costs has also meant higher housing prices, thereby affecting global housing sales. The Federal Reserve, along with other central banks globally, is projected to announce further rate hikes in H1 2023. As a result, the publisher expects a further decline in housing sales, thereby affecting the growth of the residential construction market. However, government measures and spending on infrastructure projects will assist the construction sector growth over the next three to four years.

Government spending on infrastructure projects to drive the growth of the global construction market

Globally, many government authorities have announced spending on infrastructure construction projects. From North America to the Asia Pacific and the Middle East region, infrastructure development is expected to be one of the priorities of the government authorities.

• In the Middle East, government authorities in United Arab Emirates, Saudi Arabia, and Qatar, among others, have undertaken various big and mega-scale infrastructure projects. In the Kingdom, construction projects across the civil, transportation, real estate, and healthcare sector have become a priority. Furthermore, the construction of NEOM City and the subsequent need for infrastructure will keep driving government spending. In Qatar, higher government spending on infrastructure projects in the energy, utility, and transportation sectors will keep assisting industry growth.

As countries in the Middle East region seek to diversify their economy by moving away from their dependence on the oil and gas sector, spending on infrastructure projects will continue to grow over the next five years. In the Asia Pacific region, India has also increased its investment in the development of transport and other infrastructure.

The demand for co-location data centers is expected to lead the construction activities in the commercial sector

From expansion to the construction of new facilities, firms are investing millions of dollars toward data center construction projects. Globally, the demand for data centers has surged amid rapid digitalization. As more and more small businesses continue to build their presence online, the publisher expects the demand for co-location data centers to grow further in 2023. Malaysia, India, and the United States are among the regions wherein several new co-location data center projects have been announced.

Along with co-location data centers, many tech firms have also announced hyper scale data center projects. However, the decline in revenue growth and recessionary fears, players such as Meta and Google have also halted the construction activities of their data center construction projects. While hyper scale data center construction activities will continue to remain affected due to rising inflation and cost-cutting efforts of tech firms, the publisher expects a further increase in co-location data center projects in 2023.

Along with data center construction projects, the expansion of manufacturing and industrial facilities will also drive investment in the commercial sector, thereby supporting the growth of the overall industry from the short to medium-term perspective.

Inflation and rising mortgage rates affect residential construction sector due to weak consumption

Construction costs have ballooned amid a significant increase in material prices in 2022. While prices, for some materials have declined, they are still relatively higher compared to pre-pandemic levels. This has resulted in higher prices for new housing units affecting the consumption power of homebuyers. Furthermore, the rising in mortgage rates, due to the consistent increase in rate hikes announced by Federal Reserve and other central banks, has affected consumer consumption power.

In a spiraling effect, sales of housing units have declined in some regions, especially in European markets such as Germany and France. In Asia Pacific, Australia and New Zealand, have also reported a slowdown in the housing market. With the central banks projected to further announce interest rate hikes in H1 2023, the publisher expects the residential construction market to remain subdued from the short to medium-term perspective in the global market.

This report from the publisher provides data and trend analyses on global construction industry, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 21000+ charts and 1500+ tables. It details market size & forecast, top cities construction data, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.

It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.

This title from the publisher is a bundled offering, comprising 20 country reports.

Each country report covers the following modules:

• Market Dynamics by Value, Volume, and No. of Units: Provides a comprehensive data-centric view of size and structure, industry dynamics, and end market opportunities in the building and infrastructure construction industry.
• Residential Construction Outlook: Provides market analysis by type of construction, development stage, price point, and key cities. KPIs include value, volume and number of units.
• Commercial Construction Outlook: Provides construction outlook by value and volume across office buildings, retail buildings, hospitality buildings, restaurant buildings, and sports facilities.
• Institutional Construction Outlook: Provides construction outlook by value and volume across manufacturing plant buildings, metal & material processing buildings, chemical & pharmaceutical buildings.
• Industrial Construction Outlook: Provides construction outlook by value and volume across manufacturing plants, educational buildings.
• Infrastructure Construction Outlook: Provides growth dynamics and market analysis by three key sections such as marine and inland, utility system and transport infrastructure construction.
• City Level Analysis: Provides outlook of top 10 cities by construction value for each country.

Scope

Each country report covers the following:

• Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2018-2027. KPIs covered include the following:
• Market size by value
• Market size by volume of construction
• Number of units

Economic Indicators

• Cities Construction Data

Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Housing type (multi family, single family)
• Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
• Price point / income level (luxury, mid-tier, affordable)
• Construction stage (new construction, re-development & maintenance)

Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Green building by Housing type (multi family, single family)
• Green building by Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
• Green building by Price point / income level (luxury, mid-tier, affordable)

Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Office (further broken down by Grade A, Grade B, and Grade C)
• Retail (further broken down by Grade A, Grade B, and Grade C)
• Hospitality (further broken down by Grade A, Grade B, and Grade C)
• Restaurant (further broken down by Grade A, Grade B, and Grade C)
• Entertainment
• Sports facility
• Construction stage (new construction, re-development & maintenance)

Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Office green building construction
• Retail green building construction
• Hospitality green building construction
• Restaurant green building construction
• Entertainment green building construction
• Sports facility green building construction
• Other commercial green building construction
• Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)

Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Healthcare construction
• Educational construction
• Public sector
• Construction stage (new construction, re-development & maintenance)

Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Healthcare green building construction
• Educational green building construction

Infrastructure Construction Sectors: 10- year market size & forecast in value terms by

• Marine and inland water infrastructure
• Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
• Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
• Construction stage (new construction, re-development & maintenance)

Green Infrastructure Construction: 10- year market size & forecast in value terms

Reasons to Buy

• In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of global building and infrastructure construction industry.
• Top Ten Cities Construction Value Data of each country
• Volume and Value Data: Get detailed understanding of the market both from value and volume (both by activity and units) perspective for historical as well as forecast period
• Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in construction industry.
• City Level Insights: Get city level trend analyses by tier-1, tier-2, and tier-3 cities.

For more information about this report visit https://www.researchandmarkets.com/r/68glx9

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