Synopsis
This report provides an in-depth assessment of state of infrastructure spending - both current and future, the drivers and barriers to infrastructure growth, and the major projects in the construction pipeline.
The report covers all key infrastructure sectors: roads, railways, electricity and power, water and sewerage, communication, and airports and ports.
Scope
An in-depth assessment of the current state of infrastructure spending globally, including market share and projected growth out to 2020 by country, region and sector (roads, railways, electricity and power, water and sewerage, telecommunications, airports and ports).
Analysis on the drivers and barriers to infrastructure growth including current quality of infrastructure base, gaps in infrastructure needs, level of public finances, demographics, use of public-private partnership mechanisms for infrastructure funding, investment in regions and projected cancellations for infrastructure projects.
For each infrastructure sector, an analysis of the project pipeline, looking at projects by stage of completion and funding mechanism and a more detailed look at the prospects for major infrastructure projects in each sector.
Additional insight for countries identified as markets to watch, identified as such due to factors such as their size compared with the overall global infrastructure market or high project growth in infrastructure spending or for the general economy.
Summary
The global infrastructure market totaled US$3.1 trillion in 2016, and is expected to grow by 6.0% on an annual basis until 2020.
In 2016, developing economies accounted for 62% of total infrastructure spending, and are forecast to represent 66% by 2020.
Infrastructure spending is closely aligned with GDP growth; annual average global growth is projected to stand at 3.0% in 2016?2020. This comes following a quieter 2011?2015, when global economic growth averaged 2.2%.
Reasons To Buy
• Assess the current state of global infrastructure, and the main drivers of investment, including the key institutions and financing methods.
• Investigate forecasts and gain an understanding of key trends in each of the main infrastructure sectors.
• Analyze the main project participants operating in each sector, to better understand the competitive environment.
• Identify top projects by sector, development stage and start date, to inform expansion strategy.
Key highlights
Spending on infrastructure reached US$3.1 trillion in 2016. It is expected to grow to US$4.2 trillion in 2020. China accounts for 29% of the world’s infrastructure expenditure, and is set to grow at 10.5% annually to 2020.
In terms of investment opportunities, Timetric’s IIC is currently tracking over 12,700 public and private large-scale infrastructure projects worldwide, from initial announcement to the execution phase.
Collectively, these projects are worth US$14.2 trillion. Power and electricity projects dominate at a cost of US$5.4 trillion, while railways, valued at US$5.2 trillion, account for the second-largest sector.
Road projects recorded the third-largest cost share of US$1.9 trillion, followed by airports and ports (US$1.2 trillion) and water and sewerage (US$421.5 billion).
Almost half of all projects require private investment, either directly or through PPPs.
Table Of Contents
1. Executive Summary
2. Overall Infrastructure Market Size and Growth
2.1. The Global Infrastructure Market
2.2. Market Size by Infrastructure Sector
2.3. Market Size Relative to GDP
2.3.1. Colombia Provides Hope for Latin America
2.4. Growth in Infrastructure
2.4.1. Growth by Region: Latin America
2.4.2. Growth by Region: The US and Canada
2.4.3. Growth by Region: The Middle East and Africa
2.4.4. Growth by Region: Eastern Europe
2.4.5. Growth by Region: Western Europe
2.4.6. Growth by Region: Emerging Asia
2.4.7. Growth by Region: Developed Asia and Oceania
3. Drivers and Barriers to Growth
3.1. The Timetric Infrastructure Risk Index
3.1.1. The Philippines - A Case of Conflicting Environments
3.2. Quality of Infrastructure
3.3. Infrastructure Gaps
3.3.1. Africa’s infrastructure gaps and opportunities
3.4. Public Finances
3.5. Demographics
3.6. Public-Private Partnerships
3.7. Regional Investment in Asia and Beyond
3.7.1. Major OBOR infrastructure Projects
3.8. Cancellations and Delays
3.8.1. Development of an Adjusted Project Pipeline
3.9. Infrastructure Indicators Matrix
4. Global Opportunities in the Project Pipeline
4.1. Road Infrastructure Projects Pipeline: Overview
4.2. Rail Infrastructure Projects Pipeline: Overview
4.3. Electricity and Power Infrastructure Projects Pipeline: Overview
4.4. Water and Sewerage Infrastructure Projects Pipeline: Overview
4.5. Airport and Port Infrastructure Projects Pipeline: Overview
5. Markets to Watch
5.1. Largest Players - China
5.2. Largest Players - India
5.4. Largest Players - The US
5.5. Largest Players - The UK
5.6. Largest Players - Russia
5.7. Fastest Growers - The Philippines
5.8. Fastest Growers - Indonesia
5.9. Fastest Growers - Qatar
5.10. Fastest Growers - The Slovak Republic
5.11. Fastest Growers - Malaysia
5.12. Key Emerging - Colombia
5.13. Key Emerging - Nigeria
5.14. Key Emerging - Myanmar
5.15. Key Emerging - Ethiopia
5.16. Key Emerging - Peru
6. Appendix
6.1. About Timetric
6.2. Disclaimer
6.3. Infrastructure Indicators Data Tool
6.4. Infrastructure Risk Index: Risk Dimensions — Descriptions and Sources
List Of Tables
Table 1: Global Infrastructure at-a-Glance
Table 2: Infrastructure Growth by Sector (Annual Average Growth, %), 2016?2020
Table 3: Global Infrastructure Risk Index, Q4 2016
Table 4: PPP Perspectives, Top 10 Countries, 2017
Table 5: Infrastructure Indicators Matrix, Large Spending (% of GDP of US$) and Highest Projected Growth (%) Countries
Table 6: All Infrastructure Projects Pipeline, by Major Markets, 2017
Table 7: Top 10 Infrastructure Construction Projects
Table 8: Road Infrastructure Projects Pipeline, by Major Markets, 2017
Table 9: Top 10 Roads Construction Projects
Table 10: Rail Infrastructure Projects Pipeline, by Major Markets, 2017
Table 11: Top 10 Rail Construction Projects
Table 12: Electricity and Power Projects Pipeline, by Major Markets, 2017
Table 13: Top 10 Electricity and Power Construction Projects, 2017
Table 14: Water and Sewerage Infrastructure Projects Pipeline, by Major Markets, 2017
Table 15: Top 10 Water and Sewerage Construction Projects
Table 16: Airport and Port Infrastructure Projects Pipeline, by Major Markets, 2017
Table 17: Top 10 Airport Construction Projects, 2017
Table 18: Top 10 Port Construction Projects, 2017
Table 19: China Infrastructure Indicators, 2017
Table 20: India Infrastructure Indicators, 2017
Table 21: The US Infrastructure Indicators, 2017
Table 22: The UK Infrastructure Indicators, 2017
Table 23: Russia Infrastructure Indicators, 2017
Table 24: The Philippines Infrastructure Indicators, 2017
Table 25: Indonesia Infrastructure Indicators, 2017
Table 26: Qatar Infrastructure Indicators, 2017
Table 27: The Slovak Republic Infrastructure Indicators, 2017
Table 28: Malaysia Infrastructure Indicators, 2017
Table 29: Colombia Infrastructure Indicators, 2017
Table 30: Nigeria Infrastructure Indicators, 2017
Table 31: Myanmar Infrastructure Indicators, 2017
Table 32: Ethiopia Infrastructure Indicators, 2017
Table 33: Peru Infrastructure Indicators, 2017
Table 34: Risk Dimensions — Descriptions and Sources
List Of Figures
Figure 1: Total Infrastructure Expenditure by Region (Percentage of GDP, Annual Average), 2011?2015
Figure 2: Total Infrastructure Expenditure by Region (Nominal US$ Billion), 2016 and 2020
Figure 3: Total Infrastructure Expenditure by Region (Nominal US$ Million), 2016 and 2020
Figure 4: Spending on Infrastructure (Percentage of GDP) and Relative to GDP Growth (%), 2011?2015
Figure 5: Infrastructure Expenditure (US$ billion), 2011?2015 vs. Growth in Spending (%), 2016?2020
Figure 6: Fastest-Growing Infrastructure Markets (%), 2016?2020
Figure 7: Latin America ? Projected Infrastructure Expenditure (US$ Billion), 2016 and 2020 and Annual Average Growth Rate (%), 2016?2020
Figure 8: The US and Canada ? Projected Infrastructure Expenditure (US$ Billion) 2016 and 2020 and Annual Average Growth Rate (%), 2016?2020
Figure 9: The Middle East and Africa ? Projected Infrastructure Expenditure (US$ Billion), 2016 and 2020 and Annual Average Growth Rate (%), 2016?2020
Figure 10: Eastern Europe ? Projected Infrastructure Expenditure (US$ Billion) 2016 and 2020 and Annual Average Growth Rate (%), 2016?2020
Figure 11: Western Europe ? Projected Infrastructure Expenditure (US$ Billion), 2016 and 2020 and Annual Average Growth Rate (%), 2016?2020
Figure 12: Emerging Asia ? Projected Infrastructure Expenditure (US$ Billion) 2016 and 2020 and Annual Average Growth Rate (%) 2016?2020
Figure 13: Developed Asia and Oceania ? Projected Infrastructure Expenditure (US$ Billion) 2016 and 2020 and Annual Average Growth Rate (%) 2016?2020
Figure 14: IRI Breakdown by Environment, 2017
Figure 15: Philippines IRI Breakdown, 2017
Figure 16: Quality vs. Spending Growth (Annual %), 2008?2016
Figure 17: Infrastructure Spending (Percentage of GDP) and Infrastructure Quality (Out of Seven), 2017
Figure 18: Water and Sewerage Infrastructure Gaps and Spending (%), 2017
Figure 19: Electricity and Power Infrastructure Gaps and Spending (%), 2017
Figure 20: Telecommunications Infrastructure Gaps and Spending (%), 2017
Figure 21: Public Finances Effect on Infrastructure Spending (ann. avg. 2011-2015)
Figure 22: Urbanization Rate and Population Growth (Annual Average Percentage Growth), 2011?2015
Figure 23: PPP Environment, 2017
Figure 24: PPP Opportunities, 2017
Figure 25: One-Belt-One-Road Trade Routes
Figure 26: Timetric Infrastructure Project Pipeline (US$ Billion) by Region, 2017
Figure 27: Initial and Adjusted Cancellation/Delay Rate Forecasts (%), 2010?2020
Figure 28: Global Opportunities in the Project Pipeline (1), 2017
Figure 29: Global Opportunities in the Project Pipeline (2), 2017
Figure 30: All Infrastructure Projects Pipeline, by Stage (US$ Billion), 2017
Figure 31: All Infrastructure Projects Pipeline, by Funding (US$ Billion), 2017)
Figure 32: Key Opportunities in the Road Infrastructure Projects Pipeline, 2017
Figure 33: Road Infrastructure Projects Pipeline, by Stage (US$ Billion), 2017
Figure 34: Roads Infrastructure Projects Pipeline, by Funding (US$ Billion), 2017
Figure 35: Key Opportunities in the Rail Infrastructure Projects Pipeline, 2017
Figure 36: Rail Infrastructure Projects Pipeline, by Stage (US$ Billion), 2017
Figure 37: Rail Infrastructure Projects Pipeline, by Funding (US$ Billion), 2017
Figure 38: Key Opportunities in the Electricity and Power Infrastructure Projects Pipeline, 2017
Figure 39: Electricity and Power Infrastructure Projects Pipeline, by Stage (US$ Billion), 2017
Figure 40: Electricity and Power Infrastructure Projects Pipeline, by Funding (US$ Billion), 2017
Figure 41: Water and Sewerage Infrastructure Projects Pipeline, by Stage (US$ Billion), 2017
Figure 42: Water and Sewerage Infrastructure Projects Pipeline, by Funding (US$ Billion), 2017
Figure 43: Airport and Port Infrastructure Projects Pipeline, by Stage (US$ Billion), 2017
Figure 44: Airport and Port Infrastructure Projects Pipeline, by Funding (US$ Billion), 2017
Figure 45: China Project Pipeline (US$ billion), 2017
Figure 46: India Project Pipeline (US$ billion), 2017
Figure 47: The US Project Pipeline (US$ billion), 2017
Figure 48: The UK Project Pipeline (US$ billion), 2017
Figure 49: Russia Project Pipeline (US$ billion), 2017
Figure 50: The Philippines Project Pipeline (US$ billion), 2017
Figure 51: Indonesia Project Pipeline (US$ billion), 2017
Figure 52: Qatar Project Pipeline (US$ billion), 2017
Figure 53: The Slovak Republic Project Pipeline (US$ billion), 2017
Figure 54: Malaysia Project Pipeline (US$ billion), 2017
Figure 55: Colombia Project Pipeline (US$ billion), 2017
Figure 56: Nigeria Project Pipeline (US$ billion), 2017
Figure 57: Myanmar Project Pipeline (US$ billion), 2017
Figure 58: Ethiopia Project Pipeline (US$ billion), 2017
Figure 59: Peru Project Pipeline (US$ billion), 2017
