China will push the U.S. into second place as the world’s biggest construction market before the end of the next decade, according to a new forecast of the next decade called Global Construction 2020 (CG2020).
With its construction sector set to rise at an annual average of 6.3% for the next five years, the U.S. will be among the world’s top 12 fastest-growing markets. But it will lose its pre-eminent position, according to the forecast.