A Report on the Globalization of the Construction Industry...

A Report On The Globalization of the Construction Industry â€Å"How has globalization impacted on the construction industry in terms of issues such as: structure, characteristics of the industry and individual firms, building cycles and forecasting the future direction of the overall economy and the construction industry in particular†. TABLE OF CONTENTS Page 1.0 Executive Summary 2.0 Introduction 3.0 Globalization 4.0 Structure 4.1 The Global Construction Industry 4.2 Issues Relating to the Globalization Structure 5.0 Characteristics 5.1 Characteristics of the Industry 5.2 Individual Firms 6.0 Building Cycles 7.0 Forecasting the Future Direction 7.1 Future Direction of the Construction Industry†¦show more content†¦Because the growth in developing nations provided a greater margin in profit, the construction industry saw larger construction companies either entering into the local construction markets. Individual construction firms included Laing O’Rouke, one of England’s largest construction firms, or investing into larger local construction firms such as Hochtief, majority shareholder of Australia’s largest construction firm Leighton’s; they have also purchased the United States America largest builder, Turner corporation. Suppliers, for example Cemex, who have invested in global markets by purchasing business such, as Rinker to become the world’s largest concrete supplier. 4.0 Structure 4.1 The Global Construction Industry Global construction community is a $4.6 trillion industry (, viewed 23 May 2009) comprising of non-residential construction, residential construction, refurbishments, alterations and additions, infrastructure and maintenance. The international construction works are made of either public or private construction activity. The global industry also comprises of a manufacturing suppliers market including bricks, concrete, structural steel, glass, tiles and hardware. International construction markets five major contributors making up 75 % of the global construction activityShow MoreRelatedA Report On The Globalization of the Construction Industry1984 Words   |  8 Pagesglobalization on the construction industry in terms of related issues, which affect the overall building market. The influence of globalization on the construction industry is the transformation of local and regional markets into one global market. Impacting local construction industry in providing open construction tra de. The globalization affects the characteristics and structure of international construction activity with issues relating the challenges from the global climate. 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