100+ Construction Industry Statistics

Construction industry statistics

Equip Your 2024 Projects With the Right Construction Data and Stats for Success

Construction industry statistics and data are playing an increasingly important role in the building sector. From measuring bid-to-win ratio, to how much a project is over budget or schedule, and KPIs, the more numbers you can put behind your work, the better. Data not only allows for more visibility into the state of a particular project, but relevant industry statistics and facts can provide valuable information needed to make important future decisions regarding preconstruction and planning, productivity tools, risk assessment, and workforce and operational efficiency.

Undoubtedly, the construction industry is very complex. With risk increasing, how do firms keep up with new change and demand for 2024 and beyond? 

Below, we’ll provide you with all the important construction industry statistics you need to understand the current state of affairs. Additionally, we’ll explore how your company and project can avoid becoming another statistic through the power of construction innovation. 

After reviewing these construction industry statistics, you should be able to:

  • Thoroughly understand the state of the industry and construction workforce
  • Leverage data to increase project productivity and reduce costs
  • Learn how cutting-edge technology and business transformation holds the key to increasing industry-wide efficiency

Whether you need a refresh on current trends or are looking for solid data to bring to your project manager or owner, we hope to equip you with the ultimate 100+ construction industry statistics that you need for your next project’s success. Looking to grab a fact fast? Here are key categories so you can quickly locate the most relevant construction industry statistics to your project:

General Outlook

Operational Challenges

Workforce Statistics

Rise of Technology

State of the Industry 

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  • Total construction spending stood at US $1.98 trillion in August 2023, a 7.4% increase since the previous year. [Deloitte] | Click to Tweet
  • The US construction market size was $2.1 trillion in 2022.  [ Global Data] | Click to Tweet
  • The economic value of the global construction industry was estimated at $9.7 trillion USD in 2022 when measured by gross output. The industry represents 13% of global Gross Domestic Product (GDP) and employs 7% of the global working age population. [McKinsey & Company] | Click to Tweet
  • Buildings contribute to approximately 40% of carbon dioxide emissions worldwide. [UNEP] | Click to Tweet
  • Two-thirds (66%) feel optimistic about the direction of the construction market. [KPMG] | Click to Tweet
  • 54% of construction leaders are “fully envisioning” the benefits of ESG and aggressively pursuing maturity. [KPMG] | Click to Tweet

Global Construction Demands Are Growing

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  • Industry needs to build 13,000 buildings each day between now and 2050 to support an expected population of 7 billion people living in cities. [Redshift] | Click to Tweet
  • Over 5 years (2018 through 2022), an average of 1.41 million new privately owned housing units broke ground annually. [ipropertymanagement] | Click to Tweet
  • Global construction work done will grow over US $4.2 trillion over the next 15 years – from US $9.7 trillion in 2022 to US $13.9 trillion by 2037. [International Construction] | Click to Tweet

The Rise of New Building Methods

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  • Design-build is anticipated to represent 47% ($1.9 trillion) of construction spending in the US in 2026. [DBIA] | Click to Tweet
  • Design-build projects are completed 102% faster than traditional design-bid-build projects. [DBIA] | Click to Tweet
  • 23% of firms report they are taking steps to improve jobsite performance with lean construction techniques, tools like BIM, and offsite prefabrication. [AGC] | Click to Tweet
  • 5.7% compound annual growth (CAGR) in modular construction by 2027 is predicted. [Markets & Markets] Click to Tweet
  • About 90% of firms using prefabrication report improved productivity, improved quality, and increased schedule certainty compared to traditional stick-built construction. [Dodge Data & Analytics] | Click to Tweet
  • 14% of trades report prefabricating more than 50% of their work in the shop versus field. [Autodesk & Dodge Data & Analytics] | Click to Tweet
  • 43% of construction firms report using robotics process automation (RPA). [KPMG] | Click to Tweet
  • 17.5% compound annual growth (CAGR) in the construction robot market is predicted between 2023-2030. [Grand View Research]  Click to Tweet

Underperformance is an Industry Wide Issue

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Construction Costs Are Rising

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  • 81% of firms have raised base pay rates for their workers during the past year. [AGC] | Click to Tweet
  • 50% of firms report owners canceled, postponed, or scaled back projects due to increasing costs. [AGC] | Click to Tweet
  • 84% of firms report construction costs have been higher than anticipated. [AGC] | Click to Tweet
  • The two most common challenges raised by construction businesses were cost pressures – namely cost of raw materials (cited by 52% of businesses), followed by labor costs (37%). [Autodesk + Deloitte] | Click to Tweet
  • 82.5% of construction materials have experienced a signifcant cost increase since 2020. Average material price increased by 19%. [Gordian] | Click to Tweet
  • 85.7% of equipment costs saw increase greater than 5%. [Gordian] | Click to Tweet

Risk Remains a Major Concern

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  • 53% of contractors in the U.S. feel that time constraints/ urgency of decisions presented the greatest risk to decision making. [Autodesk + FMI] | Click to Tweet 
  • 83% of construction firms report their biggest priority to address market volatility and poor performance is to improve estimating accuracy of materials and equipment. [KPMG] | Click to Tweet
  • Average of 35% of all construction projects will have a major change. [Project Analysis Group] | Click to Tweet
  • Up to 30% of initial data created during design and construction phases is lost by project closeout. [Emerson] | Click to Tweet
  • 82% of owners feel they need more collaboration with their contractors. [KPMG] | Click to Tweet
  • 78% of engineering and construction companies believe that project risks are increasing. [KPMG] | Click to Tweet
  • 43% of construction firms prioritize immediate financial goals over organizational resilience. [Constructing Excellence] | Click to Tweet
  • 13.6 months is what the global average of construction dispute length in 2022.. [Arcadis] |  Click to Tweet
  • From 2021 to 2022 the average value of construction disputes in North America increased by 42% and remains at historically high levels compared to 2021 and earlier. [Arcadis] | Click to Tweet
  • U.S. $42.8 million was the global average of construction disputes in 2022. [Arcadis] | Click to Tweet

Rework Has Become an Expensive Standard

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Labor Shortage Is an Industry Wide Concern

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Workforce at a Glance

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Measuring Trust in Construction

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Challenges in Productivity

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  • 45% of construction professionals report spending more time than expected on non-optimal activities. [Autodesk + FMI] | Click to Tweet
  • Construction management and executive level employees spend an average of 11.5 hours per week researching and analyzing data. [Deloitte + Autodesk] | Click to Tweet
  • 65% of firms report projects they work on have been delayed because of supply chain challenges. [AGC] | Click to Tweet
  • 35% of construction professionals’ time is spent (over 14 hours per week) on non-productive activities including looking for project information, conflict resolution and dealing with mistakes and rework. [Autodesk + FMI] | Click to Tweet
  • 60% of general contractors see problems with coordination and communication between project team members and issues with the quality of contract documents as the key contributors to decreased labor productivity. [Autodesk & Dodge Data & Analytics] | Click to Tweet
  • 68% of trades point to poor schedule management as the key contributors to decreased labor productivity. [Autodesk & Dodge Data & Analytics] | Click to Tweet
  • 50% variation in productivity of two groups of workers doing identical jobs on the same site and at the same time. This gap in productivity was found to vary by 500% at different sites. [Sourceable] | Click to Tweet
  • 30.9% of construction industry professionals say that the top reason for miscommunication is unresponsiveness to questions/requests. [Autodesk + FMI] | Click to Tweet

Usage and Impact of Construction Technology

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  • 50% of E&C  firms (and 33% of project owners) plan to continue building with significant investment in technologies designed to enhance their delivery of capital programs. [KPMG] | Click to Tweet
  • 91% of firms agree that their employees need to possess digital technology skills to be successful as firms adopt new labor-saving technologies. [AGC] | Click to Tweet
  • Only 16% of executives surveyed say their organizations have fully integrated systems and tools. [KPMG] | Click to Tweet
  • 81% of E&C firms are adopting mobile platforms. [KPMG]  | Click to Tweet
  • A significant benefit of improved data usage is its ability to improve safety conditions on site, identified as a significant benefit by 24% of businesses. [Autodesk + Deloitte] | Click to Tweet
  • 53% of large general contractors are utilizing software to manage safety and/or inspections on at least half of their projects. [Autodesk & Dodge Data & Analytics] | Click to Tweet
  • 55% of contractors are currently using drones on their projects.  [Dodge]  | Click to Tweet
  • 37% of contractors expect to adopt equipment tagging by 2022. [USG + U.S. Chamber of Commerce] | Click to Tweet 
  • 90.9% of firms report using smartphones on a daily basis for work purposes. [JB Knowledge] | Click to Tweet
  • 62.4% of companies report using mobile devices on the field for daily reporting. [JB Knowledge] | Click to Tweet
  • 21.4% of construction firms use 3 or more mobile apps for their projects. [JB Knowledge] | Click to Tweet

Challenges to Construction Digitization

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  • 95% of all data captured in construction and engineering industry goes unused. [FMI] | Click to Tweet
  • 36% of construction professionals cited the reason technology failed was because of poor fit with current  processes and procedures. [Autodesk + FMI] | Click to Tweet
  • The average construction business captures 11 different types of data but only analyzes 3 types. [Autodesk + Deloitte] | Click to Tweet
  • 27.8% of contractors do not bid on projects involving BIM. [JB Knowledge] | Click to Tweet
  • 35.2% of construction firms cite “lack of staff to support the technology” as the primary limiting factor to adopting new technology. [JB Knowledge] | Click to Tweet
  • 23.6% say “none” of the software applications they use integrate. [JB Knowledge] | Click to Tweet
  • 28% of UK construction firms say that lacking the information they need on-site is the single biggest factor impacting their productivity. [Autodesk] | Click to Tweet
  • 59% of companies state that their workforce doesn’t have the skills needed to work with BIM. [CIOB] | Click to Tweet
  • 56% of construction firms do not have a dedicated R&D budget. [JB Knowledge] | Click to Tweet

State of Data in Construction 

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Opportunities for Software and Technology

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Use Construction Industry Statistics Wisely

With the help of data and technology, the industry is poised for big changes in the coming years—will you be another construction industry statistic or an outlier moving the needle? Accessing the right information and embracing innovation not only benefits your company and project’s ROI, but the whole industry wins as a result.

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Which construction industry statistics are the most meaningful to your business? Share your thoughts in our comments section below.

Grace Ellis

As Manager of Content Marketing Strategy at Autodesk and Editor in Chief of the Digital Builder Blog, Grace has nearly 15 years of experience creating world-class content for technology firms. She has been working within the construction technology space for the last 6+ years and is passionate about empowering industry professionals with cutting-edge tools and leading strategies that improve the quality of their jobs and lives.