HSBC Sees Surge in Infrastructure Trade Led by Emerging Markets

Infrastructure-related trade will triple by 2030 when it will account for more than half of global exchanges of goods, boosted by demand from emerging markets such as China and India, HSBC Holdings Plc forecast.

Infrastructure-related trade, ranging from diggers to cement to robotic arms for factories, is expected to grow at an average of 9 percent a year until 2030 in the 23 countries analyzed in the report, HSBC said. China will overtake the U.S. as the largest importer of machinery required by business to boost production by 2020. India will replace the U.S. as the biggest importer of materials for infrastructure projects, according to the forecasts.