The Future of Construction in BRIC to 2015: Economic Development, Urbanization and FDI Inflow to Spur Construction

27 Oct 2011 • by Natalie Aster

London – The Chinese market, which accounted for 49.8% of the value added to the construction industry in BRIC in 2010, recorded the highest CAGR of 24.03% during the review period, and in the process recorded an increase in its market share by 7.0 percentage points to 56.8% by 2010. Apart from increasing urbanization and the Western China Development program, the most significant factor driving growth in the Chinese market during the review period was the initiation and completion of several significant infrastructure projects as part of the country’s preparations for the 2008 Olympic Games, according to the report “The Future of Construction in BRIC to 2015: Economic Development, Urbanization and FDI Inflow to Spur Construction” by iCD Research.

The construction industry in BRIC recorded robust growth during the review period, as a result of continued economic development, increasing populations with rising disposable incomes, and the availability of natural and capital resources. In order to stimulate economic growth and alleviate poverty, the BRIC countries are focusing heavily on attracting investment into the industrial sector, with infrastructure development a key focus area.

Report Details:

The Future of Construction in BRIC to 2015: Economic Development, Urbanization and FDI Inflow to Spur Construction
Published: September, 2011
Pages: 147
Price: US$ 1,250.00

Rising population levels and growing levels of urbanization also added to the demand for infrastructure development. Economic prosperity and rising disposable incomes are leading to growth in the residential market but, as a consequence of the global economic crisis, the BRIC construction industry recorded a slowdown in 2009.

Due to the developing phase of the BRIC economies, the construction industry plays a significant role for all member countries. The important and common factors significantly affecting the construction industry in the BRIC countries include growing population (except in Russia), rapid urbanization and industrial development. In addition, the rising levels of disposable income are also driving growth with demand for improved facilities and public infrastructure.

Apart from increasing urbanization and the Western China Development program, the most significant factor driving growth in the Chinese market during the review period was the initiation and completion of several significant infrastructure projects as part of the country’s preparations for the 2008 Olympic Games.

More information can be found in the report “The Future of Construction in BRIC to 2015: Economic Development, Urbanization and FDI Inflow to Spur Construction” by iCD Research.

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