According to a report from Rider Levett Bucknall, the volume of global construction output will grow by 70 per cent from 2012 by 2025, with the growth in dollar terms expected to come from just three countries: China, India and the United States.

According to a report from Rider Levett Bucknall, the volume of global construction output will grow by 70 per cent from 2012 by 2025, with the growth in dollar terms expected to come from just three countries: China, India and the United States.

The Rider Levett Bucknall International Report provides a half-yearly snapshot of construction market conditions and price movements around the world.

For the Australian construction sector, the Q3 2013 report found that Q1 saw a welcome bounce-back on building commencements. Since then, the most notable pattern is stability.

The total construction projects market in Australia (building and infrastructure projects, excluding the detached housing sector as well as mining, oil and gas) is expected to grow 2 per cent in the 2013-14 financial year.

Aged care construction around the country continues to rise. There will be a 10 per cent increase in 2013-14 to bring the total value of aged care construction to $2 billion.

The report says the multi-residential construction market is still the biggest in Australia. The 2013-14 pipeline has $8.3 billion of projects queued up, almost recouping the shortfall experienced in 2012-13. The eastern states dominate this traditionally population-based market – the biggest growth in the next financial year will be in NSW/ACT, which is forecast to increase by 30 per cent to $2.8 billion.

The Australian retail construction sector has been expanding. Overall, there was a 19 per cent increase in the value of work in 2012-13 compared with the previous financial year.