China is Largest of BRIC Retail Building Construction Markets
Of all the BRIC (Brazil, Russia, India, China) nations, China has the largest retail building construction market, projected to grow at a 13.33% compound annual growth rate (CAGR) over the next five years, according to “Business Opportunities in the Retail Buildings Construction Market in BRIC,” a new market research report from BRICdata. China’s retail building construction market is projected to grow at a 13.33% CAGR over the next five years. Last year, the country comprised 57.6% of the total BRIC market, followed by India (21.2% share), Russia (18.8%) and Brazil (2.4%).
In Brazil, the retail building construction market grew at a 22.26% CAGR during the review period and is expected to grow further, at a rate of 8.55% over the forecast period. One of the most significant changes observed in Brazil was a shift from the construction of smaller shopping centers to luxury malls.
The Russian and Indian retail building construction markets are projected to grow at 8.59% and 14.49% CAGRs, respectively, from 2012 to 2016.
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