bill stankiewicz copy of future of global construction to 2014

© World Market Intelligence. This report is a licensed product and is not to be photocopied

The Future of Global Construction to

2014 Market Intelligence Report

Reference code: WMCN2275MR

Published: October 2010

www.worldmarketintelligence.com

World Market Intelligence

John Carpenter House

7 Carmelite Street

London EC4Y 0BS

United Kingdom

Tel: +44 (0) 20 7936 6400

Fax: +44 (0) 20 7336 6813

TABLE OF CONTENTS

The Future of Global Construction to 2014 Published October 2010


TABLE OF CONTENTS

1 Introduction ........................................................................................................................... 5

1.1 What is this Report About? ............................................................................................................... 5

1.2 Definitions ........................................................................................................................................ 5

1.3 Summary Methodology .................................................................................................................... 8

2 Executive Summary ............................................................................................................ 11

3 Construction Industry Analysis ......................................................................................... 13

3.1 Global Macroeconomic Scenario .....................................................................................................13

3.2 Construction Industry Overview .......................................................................................................15

3.2.1 Industry Dynamics .................................................................................................................................... 17

4 Construction Industry Data ................................................................................................ 18

4.1 Historic Industry Value ....................................................................................................................18

4.2 Historic Industry Segmentation ........................................................................................................19

4.3 Industry Value Forecast ..................................................................................................................20

4.4 Industry Segmentation Forecast ......................................................................................................21

5 About World Market Intelligence ........................................................................................ 22

5.1 Disclaimer .......................................................................................................................................23

TABLE OF CONTENTS



LIST OF FIGURES

Figure 1: Global Overall Construction Industry Dynamics by Market (%), 2005–14 ............................................................................................. 17 Figure 2: Global Construction Industry Value (US$ Trillion), 2005–09 ................................................................................................................. 18 Figure 3: Global Construction Industry Segmentation by Market (%), 2005–09 ................................................................................................... 19 Figure 4: Global Construction Industry Value Forecast (US$ Trillion), 2009–14 .................................................................................................. 20 Figure 5: Global Construction Industry Segmentation Forecast by Market (%), 2009–14 .................................................................................... 21

TABLE OF CONTENTS



LIST OF TABLES

Table 1: World Market Intelligence Construction Industry Definitions .................................................................................................................... 7 Table 2: Global Construction Industry Value (US$ Trillion), 2005–09 .................................................................................................................. 18 Table 3: Global Construction Industry Segmentation by Market (US$ Trillion), 2005–09 ..................................................................................... 19 Table 4: Global Construction Industry Value Forecast (US$ Trillion), 2009–14 ................................................................................................... 20 Table 5: Global Construction Industry Segmentation Forecast by Market (US$ Trillion), 2009–14 ...................................................................... 21

DEFINITIONS AND METHODOLOGY



1 Introduction

1.1 What is this Report About?

This report is the result of WMI‟s extensive market and company research covering the global construction

industry*. It provides detailed analysis of both historic and forecast construction industry values, at market

and category level, and analysis of the leading companies in the industry.

“The Future of Global Construction to 2014” provides a top-level overview and detailed market, category and

company-specific insights into the operating environment for construction contractors. It is an essential tool

for companies active across the global construction value chain and for new competitors considering

entering the industry.

*NOTE: The global construction industry comprises of Argentina, Australia, Bahrain, Belarus, Brazil,

Bulgaria, Chile, China, Colombia, Croatia, Czech Republic, Egypt, France, Germany, Hungary, India,

Indonesia, Kuwait, Malaysia, Mexico, Oman, Peru, Poland, Qatar, Romania, Russia, Saudi Arabia, Spain,

Slovenia, Turkey, UAE, the UK, the Ukraine, the US, Venezuela and Vietnam.

1.2 Definitions

For the purposes of this report, the following timeframes apply:

Review period: 2005 to 2009

Forecast Period: 2009 to 2014

The total value of construction projects can be broadly classified into the following sectors, related to the

products and service types provided during the project:

Land acquisition and preparation

Planning and feasibility studies

Architectural and engineering design

Construction

o Construction services

Labor

Project management

o Materials

Building products

Construction materials

o Construction equipment




Advisory services

o Financing

o Inspection and testing

o Legal

Equipment and furnishings

o Interior products

o Exterior products

o Industrial equipment

Other

This report focuses on the value of the construction industry, based on the total revenue generated by

construction contractors each year.

All data is collected in local currency. To avoid distortions due to currency fluctuations, all conversions into

US$ (of current, historical and forecast data alike) are made at the 2009 annual average conversion rate. All

the values in tables, with the exception of compounded annual growth rate (CAGR) and compounded annual

rate of change (CARC) are displayed to one decimal place; therefore, growth rates may appear inconsistent

with absolute values due to this rounding method.

The key markets featured in the report are defined below:




Table 1: World Market Intelligence Construction Industry Definitions

Market Definition

Commercial construction

Commercial construction includes the construction of such projects as office buildings, sports complexes such as athletic fields, golf courses and parks, shopping centers, and hotels. For the purposes of this report, the market is split into five main areas: leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction.

Infrastructure construction

Infrastructure construction encompasses a range of heavy infrastructure construction projects. This includes, but is not limited to, the construction of highways, bridges, tunnels, water lines, sewer lines, pipelines, power and communication transmission lines, dams, dikes, docks, drainage projects, harbors, reservoirs, canals, sewage treatment plants, water treatment plants, subways, and other mass transit projects. For the purposes of this report, the market is split into six main areas: energy and communication infrastructure, rail infrastructure, road infrastructure, sewage infrastructure, water infrastructure, and other infrastructure projects.

Industrial construction

Industrial construction consists of the construction, including new build, extensions and major rebuilds, of industrial buildings. The construction of additional structures with similar production processes to industrial buildings, for example, incinerators, cement plants, blast furnaces, and similar non-building structures, is also included. For the purposes of this report, the market is split into seven main areas: chemical and pharmaceutical plants, electricity generation plants, manufacturing plants, metal and material processing plants, refinery buildings, storage tanks, and waste processing plants.

Institutional construction

Institutional construction includes the construction of buildings and facilities that do not fall within the remit of commercial construction, but which, by nature, are not industrial. This includes educational institutions, research facilities, healthcare facilities and religious buildings. These may be either public or private sector. For the purposes of this report, the market is split into five main areas: educational buildings, healthcare buildings, institutional buildings, religious buildings and research facilities.

Residential construction

Residential construction includes the construction, renovation, and demolition of residential buildings such as houses, townhouses, cottages, condominiums, single unit dwellings, subdivisions, and apartments. For the purposes of this report, the market is split into three main areas: new multi-family housing, residential building redevelopment and single family housing.

Source: World Market Intelligence analysis © World Market Intelligence




1.3 Summary Methodology

All WMI reports are rigorously sourced and created according to a comprehensive four-stage methodology:

1) Market study

A) Standardization

Market definitions are specified using recognized industry classifications. The same definition is used

for every country.

Annual average currency exchange rates are collected for the latest complete year. These are then

applied across both the historical and forecast data to remove exchange rate fluctuations

B) Internal audit

Review of in-house databases to gather existing data:

o Historic market databases and reports

o Company database

o Construction magazine portfolio

o Construction projects database

C) Trend monitoring and primary research

Review of the latest construction company and project trends

Biannual surveys using expert panels compiled from across the construction value chain:

o Construction contractors

o Equipment and material manufacturers and suppliers

o Architects and designers

o Project owners and financiers

o Project advisors

2) Research

A) Sources

Collection of the latest market-specific data from a wide variety of respected industry sources:

o Government statistics

o Industry associations

o Company filings

o Broker reports

o International organizations




B) Expert opinion

Collation of opinion taken from WMI journalist interviews of leading industry figures

Analysis of third party opinion and forecasts:

o Broker reports

o Industry associations

o Construction media

o Official government sources

C) Data consolidation and verification

Consolidation of data and opinion to create historical datasets

Creation of models to benchmark data across sectors and geographies

3) Analysis

A) Market forecasts

Feed of forecast data into market models:

o Macroeconomic indicators

o Industry-specific drivers

Analysis of the WMI Construction Projects Database to identify trends by sector:

o Latest project announcements

o Financing shortfalls

o Project cancellations and postponements

B) Report writing

Analysis of market data

Discussion of industry trends and issues

Integration of survey results




4) Quality control

A) Templates

Detailed process manuals

Standardized report templates and accompanying style guides

Complex forecasting tools used to ensure forecast methodologies are consistently applied

Quality control checklists

B) Quality control process

Peer review

Senior level quality control

Randomized spot checks on data integrity

Benchmark checks across databases

Market data cross-checked for consistency with accumulated data from:

o WMI Construction Projects Database

o Company filings

EXECUTIVE SUMMARY



2 Executive Summary

The global construction industry grew at a CAGR of 5.62% over the review period. While the

industrial construction market was the fastest growing global market during the review period,

the residential and infrastructure construction markets led the industry in terms of size in 2009.

Indeed, the residential construction market demonstrated strong growth during 2005–08

because of the global economic boom in 2003–07. However, the subprime crisis that emerged in

late 2007 in the US led to a fall in both price and demand for residential properties in 2008. This

spread to other nations, leading to a global economic crisis towards the end of 2008; and has

adversely affected the construction industry. Most world governments introduced large stimulus

packages as countercyclical measures to revive economic growth. The stimulus packages

largely comprised of infrastructure projects, which helped governments to generate a greater

number of jobs quickly, and led to increased construction activity in the infrastructure and

institutional construction markets. The impact of global economic crisis was comparatively

lower in developing nations, the majority of which recorded growth in the commercial

construction market.

Office buildings construction was the largest category in the commercial construction market in 2009,

due to the growth of the global services sector and consequent expansion of multinational organizations

over the review period. Furthermore, as a result of rising income levels in developing nations, the

construction of retail buildings was the second largest category in the market. However, in several

developing nations, the supply of retail buildings was not sufficient to cater to demand, which attracted

large investments to the category. Moreover, increasing income levels across the globe led to an

increase in the global expenditure on tourism, which led to growth in the leisure and hospitality, and

outdoor leisure facilities categories. The global commercial construction market grew at a CAGR of

7.38% over the review period, and is expected to witness a CAGR of 6.42% over the forecast period.

The global residential construction market was the largest construction market in 2009, as the strong

growth recorded in the market until 2007 led to the assumption by investors that residential properties

were safe and attractive investments. Developing nations even witnessed a shortage in housing, due to

increasing populations and rising income levels. However, the residential construction market fell into

decline in 2007, as the demand for residential properties significantly decreased in developed nations

because of the economic crisis. Therefore, the residential construction market registered a CARC of -

4.83% over the review period, but is expected to record a CAGR of 7.95% over the forecast period.

The global industrial construction market was the fastest growing market over the review period. Rapid

urbanization, growing industrial sectors, the increasing population, and improving living standards

across the world drove the demand for electricity. As the global electricity generation capacity was

insufficient to cater to demand, global governments invested substantial sums into the construction of

electricity generation plants. Furthermore, the majority of nations have either partially or completely

privatized the electricity generation sector to attract private investment and improve the efficiency of the

sector. In addition, developing nations in Asia, Africa and Eastern Europe experienced significant growth

in the industrial sector because of the availability of low-cost skilled labor. As a result of these factors,

the industrial construction market witnessed a CAGR of 19.25% over the review period, and is expected

to witness a CAGR of 9.13% over the forecast period.

EXECUTIVE SUMMARY



The global infrastructure construction market was the second fastest growing market over the review

period. Several developed nations with greater resources to make improvements to national

infrastructure took part in large public private partnership (PPP) projects. Several sporting events, such

as the Olympic Games in China, the Commonwealth Games in India, and the European Championship

in Poland and the Ukraine, required the hosting nations to invest large amounts in infrastructure

development. Moreover, the importance of logistical support to the continuation of industrial growth in

developing nations required caused governments to introduce stimulus packages and increase

expenditure on the development and upgrade of transport infrastructure. Furthermore, with increasing

income levels, the majority of nations developed better communications infrastructure and improved the

national access to electricity, including to those in isolated areas, to raise living standards and support

economic growth. Finally, emerging global concerns about the scarcity of water also caused many

nations to increase expenditure on water infrastructure. The infrastructure construction market

witnessed a CAGR of 12.00% over the review period, and is expected to register a CAGR of 7.97% over

the forecast period.

The global institutional construction market was the smallest market over the review period. Educational

buildings and healthcare buildings were the two largest categories in the market, as the majority of

nations privatized the healthcare sector, which attracted large investments to the sector. Conversely,

global educational sectors largely remain in the control of the government, although several

governments now allow private investors to establish academic institutions. The institutional construction

market witnessed a CAGR of 8.19% over the review period, and is expected to witness a CAGR of

5.11% over the forecast period.

CONSTRUCTION INDUSTRY ANALYSIS



3 Construction Industry Analysis

3.1 Global Macroeconomic Scenario

During 2008–09, the global economy faced a financial crisis. The subprime crisis that emerged in the

US in late 2007 led to restrictions on credit and the loss of consumer and business confidence

worldwide. Most affected were developed nations, such as the US, the UK and Western European

nations, because of excess liquidity and a low interest rate and „easy credit‟ regime, which led to an

oversupply in several markets in developed nations. This led to the decline of several global markets,

the residential construction market in particular.

Since the mid 2000s, the economies of countries in the Gulf Co-operation Council (GCC) recorded

escalated growth as rising oil prices increased government revenues. However, as a result of

fluctuations in the price of oil, these nations sought to develop other industries and reduce dependence

on the oil sector. As a result, construction activity in major cities in the region, such as Dubai and Abu

Dhabi, increased at a fast rate. However, during the global economic crisis, several construction

companies either terminated or delayed construction projects due to lack of financing. However, the

wealth created by the increase in oil prices during 2003–08prevented several large bond issuers from

defaulting, which would otherwise have severely dented consumer confidence in the region.

Developing nations, particularly those in Asia and Eastern Europe, provided the main stimulus for

economic growth during the global economic crisis. These nations recorded strong population growth,

increasing the size of the global population under the age of 25. As a result of these large, young and,

often, skilled populations increased the productivity and economic output of developing nations, and

supported the global consumption of goods. Furthermore, the economic potential of these countries

attracted substantial public and private investment; and, as the cost of skilled labor was low compared to

that of developed nations, multinational organizations began to expand and invest into these nations.

Several developing nations received additional foreign direct investment (FDI) because of major sporting

events such as the Beijing Olympic Games 2009 and FIFA World Cup 2010. Hosting these events led to

growth in private investment and foreign tourism in these countries, and provided an opportunity to

present these countries to the rest of the world as attractive business destinations. Moreover, several

Eastern European countries due to join the EU recorded substantial economic growth because of the

availability of EU funds and increased FDI inflows from European multinational organizations. During the

forecast period, accession to the EU is likely to eliminate several trade barriers between these countries

and other EU nations, which will continue to make the Eastern European region an attractive business

destination for global manufacturing companies. Furthermore, rising inflation in emerging nations is

unlikely to be a significant factor during the forecast period, as although it has been a concern for central

banks, which are restricting liquidity to control inflation in 2010. the impact of this is expected to be low

on these economies.

The global economy declined by 2.2% in 2009, despite strong performances from emerging nations in

Asia and Eastern Europe. During the forecast period, the global economic recovery is likely to be led by

emerging nations, with developed nations following due to significant government stimulus packages,

and the development of new fiscal and monetary policies. The World Bank expects the global economy

to grow by 2.7% in 2010, followed by 3.3% in 2011. However, the outlook remains, uncertain as much of




the growth in the second half of 2009 and first half of 2010 was attributed to excess liquidity made

available by central banks, and tax benefits that boosted consumer spending. Furthermore, positive

earnings from the corporate world have been largely attributed to the low base effect and cost cutting,

rather than high sales.

The main concern for the governments of developed nations over the forecast period will be to reduce

the high levels of public debt accumulated from large stimulus packages awarded during the financial

crisis to try to reduce the negative effects of recession. Indeed, government revenues remained lower

because of lower income from both business and personal tax revenues, and the provision of

unemployment benefits to the large numbers of unemployed added to the debt. Moreover, analysts are

cautiously optimistic of the economic growth of developed nations, as macroeconomic data recorded

negative growth in July 2010 as the effects of stimulus packages and fiscal policies diminished. Several

Western European countries, such as Spain, Ireland and Greece, now face large sovereign debt issues,

which the respective governments are now attempting to tackle by making cuts to public spending.

While it is uncertain as to whether these measures will decrease consumer spending, increase

unemployment levels and reduce economic growth, the measures are required to avoid a sovereign

debt default, which would have a much larger impact on the global economy.

The global economy largely depends on the consumption levels of the US. Macroeconomic data has

projected an optimistic view of the economy from early 2010, because of the developments to US fiscal

policies and the stimulus spending of the US government. However, as unemployment rates in the US

remain high at 10% despite several measures by the government to increase employment, some

aspects of the global recovery remain uncertain.




3.2 Construction Industry Overview

The global construction industry, which employs more people than any other single industry in the world,

recorded strong growth over the review period. The most notable activity to take place over the review

period occurred within the global residential construction market. A combination of low interest rates and

access to credit led to a boom in the global residential construction market, particularly in developed

markets such as the US, until 2007. The increasing demand for housing then led to an increase in

speculative activity, which accelerated inflation in the price of housing. However, house prices peaked in

2007 and interest rates began to rise, leading to a lower demand for residential properties. Following

this, the subprime crisis caused house prices to fall drastically, and the demand for housing further

declined. As a result of low demand, several residential construction projects in developed nations were

either delayed or cancelled. However, the subprime crisis has a lesser effect on developing nations,

which continued to face housing shortages because of population growth and increasing income levels.

The global residential construction market is expected to recover in accordance with the global economy

over the forecast period.

In addition, the commercial construction market recorded significant activity over the review period, due

to the wealth created for both developed and developing nations by the economic boom during 2003–

07. Rising income levels increased the demand for retail buildings, which, in several developing nations,

could not be satisfied at the rate necessary. Therefore, private developers began to invest substantial

amounts of capital into the construction of large commercial centers. Increasing personal incomes also

led to higher discretionary spending in the global tourism sector. Countries with exotic tourist locations, a

rich cultural background or inexpensive medical facilities took advantage of this by developing the

infrastructure required to attract tourists. In particular, Thailand, India and Eastern European countries

became attractive destinations for medical tourism, as they were relatively less expensive and easily

accessible for foreign travellers. The economic boom also caused the services sectors in several

developing countries, such as India and the Philippines, to expand at a rapid rate, which also attracted

investment from private developed for the construction of office buildings. In particular, the demand for

office space in the GCC countries escalated during the review period, as the government encouraged

the development of non-oil related industries in order to diversify its economy. However, from 2008,

office space was in oversupply in some of the GCC countries, as the global economic crisis led to the

closure or consolidation of many large companies.

The global infrastructure construction market attracted significant public spending over the review

period, as the lack of quality infrastructure proved detrimental to the economic growth of developing

markets. To sustain industrial growth, developing nations invested in the construction of efficient

transport infrastructure, which supported freight and logistical operations, while increasing traffic

congestion in urban cities worldwide led governments to invest in mass transit projects, such as metro

railways. In particular, the GCC nations, which lacked efficient rail infrastructure, invested large sums in

the development of a rail network that not only connected national locations, but also across the region.

Sporting events such as the Beijing Olympics in 2008 and FIFA World Cup in 2010 also encouraged the

growth of the infrastructure construction market in hosting nations.

The industrial construction market recorded strong growth over the review period especially in

developing countries with low-cost skilled workers, such as China and India. To take advantage of this

fact, developing nations invested in the construction of industrial zones to attract foreign companies and

international recognition as industrial centers, Furthermore, competition between these nations




increased, and many implemented pro-business policies and tax incentives to attract foreign investment.

Moreover, while oil-rich nations, such as the GCC countries, registered strong growth in the refinery

buildings construction category, increases in the global consumption of electricity resulted in significant

investment in the construction of the electricity generation plants. The electricity generation plants

category also experienced rapid growth because of an increasing global awareness of the benefits of

renewable energy sources and nuclear energy, and efforts to decrease global reliance on fossil fuels. As

the demand for electricity has not yet been met in many locations around the world, particularly in rural

areas, the electricity generation plants category is expected to continue to record rapid growth

throughout the forecast period.

Global government spending on education and healthcare increased over the review period because of

demographic and economic growth. While the aging populations of developed nations required

improved and easily accessible healthcare services, developing nations invested in healthcare services

in order to reduce mortality rates and increase life expectancy, especially in rural areas. In addition,

education provision became imperative in developed nations over the review period because of its

positive impact on long-term economic growth, especially in the services sector. Several international

organizations awarded funding to the healthcare and educational sectors of underdeveloped and

developing nations, which, in turn, supported the growth of the construction industry in these categories.

Furthermore, with continued government spending and international aid, the institutional construction

market is expected to grow at a stable rate over the forecast period.

The global construction industry grew at a CAGR of 5.62% over the review period, and is expected to

witness a CAGR of 7.75% over the forecast period due to the recovery of world economies from the

global economic crisis.




3.2.1 Industry Dynamics

Within the global construction industry, residential construction was the largest market over the review

period, with a share of 29.6% in 2009. The industrial construction market witnessed the fastest CAGR of

19.25% over the review period, and is also expected to record the fastest CAGR of 9.13% in the

forecast period.

Figure 1: Global Overall Construction Industry Dynamics by Market (%), 2005–14

Note: Bubble size represents 2009 market value (US$ trillion)

Source: World Market Intelligence analysis / © World Market Intelligence

CONSTRUCTION INDUSTRY DATA



4 Construction Industry Data

4.1 Historic Industry Value

In 2009, the global construction industry valued US$3.9 trillion, which indicated a decline of 2.3% over

figures from 2008. Over the review period, the industry experienced a CAGR of 5.62%.

Table 2: Global Construction Industry Value (US$ Trillion), 2005–09

Year US$ Trillion % Growth

2005 3.2

2006 3.5 12.3%

2007 3.9 9.2%

2008 4.0 3.8%

2009 3.9 -2.3%

CAGR 2005–09 5.62%

Source: World Market Intelligence analysis /© World Market Intelligence

Figure 2: Global Construction Industry Value (US$ Trillion), 2005–09

Source: World Market Intelligence Analysis /© World Market Intelligence




4.2 Historic Industry Segmentation

With a value of US$1.2 trillion and a market share of 29.6%, residential construction was the largest

market in the global construction industry in 2009. Infrastructure construction held the second largest

share, and accounted for a value of US$1.0 trillion. Industrial construction accounted for a value of

US$0.8 trillion, and was the third largest construction market.

Over the review period, industrial construction was the fastest growing market in the global construction

industry, with a CAGR of 19.25%. This was followed by infrastructure construction, with a CAGR of

12.00%, and institutional construction, with a CAGR of 8.19%.

Table 3: Global Construction Industry Segmentation by Market (US$ Trillion), 2005–09

Market 2005 2006 2007 2008 2009 CAGR

2005–09

Residential construction 1.4 1.5 1.5 1.3 1.2 -4.83%

Infrastructure construction 0.6 0.8 0.9 1.0 1.0 12.00%

Industrial construction 0.4 0.5 0.6 0.8 0.8 19.25%

Commercial construction 0.4 0.5 0.6 0.6 0.5 7.38%

Institutional construction 0.3 0.3 0.3 0.4 0.4 8.19%

Overall 3.2 3.5 3.9 4.0 3.9 5.62%


Figure 3: Global Construction Industry Segmentation by Market (%), 2005–09





4.3 Industry Value Forecast

WMI expects the global construction industry to record a CAGR of 7.75% over the review period,

increasing in value from US$3.9 trillion in 2009 to US$5.7 trillion in 2014.

Table 4: Global Construction Industry Value Forecast (US$ Trillion), 2009–14

Year US$ Trillion % Growth

2009 3.9

2010 4.1 5.2%

2011 4.5 10.1%

2012 4.9 7.3%

2013 5.3 8.0%

2014 5.7 8.3%

CAGR 2009–14 7.75%


Figure 4: Global Construction Industry Value Forecast (US$ Trillion), 2009–14





4.4 Industry Segmentation Forecast

With a predicted CAGR of 7.95% and market value of US$1.7 trillion, residential construction is forecast

to remain as the largest market in 2014. WMI also expects the residential construction market to increase

its market share from 29.6% in 2009 to 29.9% in 2014. Infrastructure construction is expected to be the

second largest market in the industry, with a share of 26.1%.

Table 5: Global Construction Industry Segmentation Forecast by Market (US$ Trillion), 2009–14

Market 2009 2010 2011 2012 2013 2014 CAGR

2009–14

Residential construction 1.2 1.2 1.4 1.5 1.6 1.7 7.95%

Infrastructure construction 1.0 1.1 1.2 1.3 1.4 1.5 7.97%

Industrial construction 0.8 0.9 1.0 1.1 1.2 1.3 9.13%

Commercial construction 0.5 0.5 0.6 0.6 0.7 0.7 6.42%

Institutional construction 0.4 0.4 0.4 0.4 0.5 0.5 5.11%

Overall 3.9 4.1 4.5 4.9 5.3 5.7 7.75%


Figure 5: Global Construction Industry Segmentation Forecast by Market (%), 2009–14


APPENDIX



5 About World Market Intelligence

World Market Intelligence (WMI) is a premium information and marketing solution company focused on

providing high quality information and software solutions to drive business success. Its business spans

three main areas:

Research Reports

WMI publishes in-depth strategic intelligence reports across many key industries. Its reports draw on in-

depth primary and secondary research, proprietary databases, and high quality analysis from its expert

teams. Data and analysis at the company, country and industry level includes competitor and market

data, valuations, trends and forecasts.

For more information on WMI‟s construction research reports, please visit

www.worldmarketintelligence.com

Premium Information Services

WMI‟s Premium Information Services are unique, interactive desktop decision tools for executives and

analysts in a range of functions and industries. Subscribers receive access to comprehensive business

planning tools, databases, opinion and research reports integrated with innovative desktop and email

tools for easy search, browse, and data access. It also provides custom research and consulting

solutions.

For WMI‟s Construction Intelligence Center product, visit

www.worldmarketintelligence.com/ic/construction

Media and Marketing Solutions

WMI‟s media brands have a history of providing market-leading information products and services that

dates back over 130 years. Through its multiplatform media networks, WMI has relationships with

hundreds of thousands of industry participants, enabling it to offer powerful and comprehensive marketing

solutions to its clients.

For WMI‟s construction media and marketing sites, please visit

www.worldconstructionindustrynetwork.com

WMI‟s corporate headquarters are in London, UK, with offices in Manchester, UK, and Hyderabad, India.

It has over 100 staff dedicated to its construction business unit. It is a part of Progressive Media Group,

one of the world‟s leading media, information and communication groups.

For further information, email [email protected]

http://www.worldmarketintelligence.com/

http://www.worldmarketintelligence.com/ic/construction

http://www.worldretailindustrynetwork.com/

mailto:[email protected]

APPENDIX



5.1 Disclaimer

All rights of this report are reserved

No part of this report may, in any form or by any means, be reproduced, stored in a retrieval system or

transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise,

without the prior permission of the publisher, WMI.

The facts of this report are believed to be correct at the time of publication but cannot be guaranteed.

Please note that the findings, conclusions and recommendations that WMI delivers will be based on

information gathered in good faith from both primary and secondary sources, whose accuracy we are not

always in a position to guarantee. As such WMI can accept no liability whatever for actions taken based

on any information that may subsequently prove to be incorrect.

bill stankiewicz copy of future of global construction to 2014

Business