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 2. Insight • Construction Market Insights - APAC and GCC

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21 March 2024


CONSTRUCTION MARKET INSIGHTS - APAC AND GCC

This detailed report navigates through the complexities of the APAC and GCC
regions, spotlighting growth prospects amidst skilled labor shortages and
evolving economic landscapes.

This detailed report navigates through the complexities of the APAC and GCC
regions, spotlighting growth prospects amidst skilled labor shortages and
evolving economic landscapes.

Download Report

Key Contact

GCC APAC

John Butler

Managing Director – APAC and GCC

GCC

Contact Representative

John Butler

Managing Director – APAC and GCC

APAC

Contact Representative
John Butler

Managing Director – APAC and GCC

GCC

John Butler

Managing Director – APAC and GCC

APAC
Contact Representative

Gain insight into the construction industry’s performance in 2023, and
forward-looking projections for 2024, with Linesight’s latest Construction
Market Insights report for the APAC and GCC regions. 

This detailed report navigates through the complexities of the APAC (including
Japan, Taiwan, Australia, Singapore, Malaysia, India, South Korea) and GCC
countries (including KSA and UAE), spotlighting growth prospects amidst skilled
labor shortages and evolving economic landscapes.

Key economic and industry findings include:

 * Macroeconomic overview: APAC is positioned for significant growth, and is
   expected to be the fastest-growing region globally in 2024, driven by
   domestic investment and its manufacturing prowess. Similarly, the GCC
   countries are experiencing steady growth, propelled by diversification
   efforts away from oil revenues. 
 * Interest rates: The construction industry is poised to benefit from improving
   liquidity conditions as interest rates are anticipated to decrease in 2024.
   Despite the challenges posed by elevated interest rates, a downturn in
   inflation could herald lower interest rates in upcoming quarters. 
 * Construction industry overview: Despite facing high interest rates and
   inflation, the construction output continues to grow, fueled by investments
   in infrastructure, data centres, semiconductors, and renewable energy across
   APAC and GCC. Skill shortages remains a significant challenges. 
 * Commodities market adjustment: Market corrections have eased pressures on
   commodity prices, though copper and steel prices have shown volatility. While
   prices are expected to stabilise, ongoing economic activities and supply
   chain disruptions may influence price trajectories. 

Sector-specific insights:

 * Data Centres: The APAC region, along with GCC countries, is witnessing rapid
   growth in data centre demand, spurred by cloud migration, increased data
   usage, and digital transformation strategies. This demand is driving
   developments towards large-scale setups and increased rack density due to AI
   applications. 
 * Life Sciences: After robust growth during the pandemic, the life sciences
   sector faces headwinds from macroeconomic conditions. However, private
   investment and strong emphasis on R&D in countries like Singapore and
   Australia continue to fuel growth, with India emerging as a key
   pharmaceutical hub. 
 * High Tech Industrial: APAC leads in the digital and energy transition, with
   significant developments in semiconductor and battery manufacturing.
   Regulatory shifts in the EU and US are impacting the sector, with major
   investments in electronic manufacturing in India and Malaysia becoming a
   regional hub for the EV industry. 

Download the full report today to access these insights and analysis of the
construction market in APAC and the GCC.

Download Report

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 * Sectors
    * Commercial Development
    * Commercial Fit-out
    * Data Centers
    * Education
    * Food and Beverage
    * Healthcare
    * High-tech Industrial
    * Hospitality
    * Life Sciences
    * Energy
    * Residential
    * Retail
    * Student Accommodation
    * Transportation and Infrastructure

 * Services
    * Program Management
    * Project Management
    * Project Controls
    * Cost Management
    * Supply Chain Management
    * Health and Safety
    * Consultancy
    * Procurement
    * Planning and Scheduling
    * Embodied Carbon Accountancy

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