In the industrialized world, the U.S. leads the pack with a predicted construction-market growth rate that will average 4% a year through 2025, says a new U.K.-based global forecast. While the U.S. will remain the world's second-largest market, its share will drop in the next 12 years as China builds up its lead to 25% of global output from 18% in 2012.
Global Construction 2025, a market review of 46 countries, predicts total output in that year of $15 trillion, a 70% increase over 2012. Together, China—the world's largest market—the U.S. and India will account for almost 60% of the total.