DYNAMICS OF DEVELOPMENT OF THE WORLD CONSTRUCTION MARKET IN THE CASE OF CONSTRUCTION COSTS, SHARES OF THE INDUSTRY IN THE WORLD ECONOMY, REGIONAL RATING

Abstract

The analysis of the prospects for the development of the construction industry until 2035 and the study of the features of the development of the world construction market for 1970–2019 in the context of the formation of the economy and the use of innovations. According to the rating of countries in construction for 2019, the distribution by regions is as follows: Asia –43.8%, America –27.7%, Europe –22.9%, Africa –3.2%, Oceania –2.4%. The focus of the rating in the construction industry has shifted to the regions of Asia and Americaand thereforethe issue of using digital technologies in China, providing for the use of modern materials and technologies of the future, remains especially relevant. The aim of the research is to study the dynamics of the development of the world construction market in the context of construction costs, the share of the industry in the world economy, and the rating of regions.