Construction Market (2025) and 2026—2028 Forecast
Regional Overview
Total population
ASEAN-11 has a combined population of about 692 million, roughly 8.5% of the world total, making it one of the most populous regions in the world.
Economic scale
Combined 2025 GDP is approximately USD 4.25 trillion, an economic size that now exceeds India’s and ranks among the largest in the world.
Construction market today
The combined 2025 construction market (public + private) of ASEAN-11 is approximately USD 686.5 billion.
Construction market outlook
Total construction volume for 2026–2028 is estimated at about USD 2.42 trillion, with a compound growth rate clearly above the global average.
Structural characteristics
A classic "one dominant player plus several strong ones, with a long tail" pattern — Indonesia alone accounts for nearly half of the total, Vietnam, the Philippines, Malaysia and Thailand form the second tier, and the remaining smaller countries have limited volume.
Note: Construction figures are estimated based on industry reports and national economic structure ratios, as official full-country public-private breakdowns are not uniformly published.
(Reported by Building.hk)
