IHS Global Insight Construction's growth rate by region. Related Links: Details of IHS's study can be found in its Jan. 19 webcast at Execs Are Hopeful But Challenged in KPMG Global Market Outlook The global construction market expanded by 2.1% in 2011 and should grow by 3.0% in 2012, reaching an annual total of $6.0 trillion, according to an analysis by IHS Global Insight, an Englewood, Colo.-based economic consulting and forecasting group. IHS believes the global market still faces uncertainties, but there are signs that worldwide construction is beginning to recover after a few tumultuous years.Overall, IHS says construction in
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.