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55 Construction Industry Statistics You Must See: 2019 Market Share & Data Analysis

Category: B2B News

The rise of technology and the growing demand for ecommerce are helping fuel the growth of the construction industry. However, recent client preferences like green buildings will change the future landscape. Thus, if you are a construction professional, it’s better to keep up with construction industry statistics and goings-on.

In this article, we will help you create a good picture of the current state of the industry in the world and the US. Also, we will cover outlooks like technology adoption, the rise of green construction, and the future state of the industry.

key construction industry statistics

1. Global Construction Industry Statistics

Globalization allows Western companies to reach emerging markets and developing countries. This entails the construction of brick-and-mortar locations. Furthermore, emerging markets continue to produce entrepreneurs and are conducive to bigger firms. Thus, experts predict growth in the construction industry will continue.

  • The global revenue growth for Moody’s rated construction companies will grow at an average of 5% in 2019 and beyond (Moody’s)
  • Global construction market will grow to $8 trillion by 2030 (GCP)
  • China, the US, and India drives global construction industry growth (GCP)
  • US construction market is set to grow faster than China’s over the next fifteen years (GCP)
  • Almost 200% more–the growth of the construction market in India against China to 2030 (GCP)
  • Advanced economies experience somewhat sluggish growth in 2019. The North American construction industry slows down to 1.2% and Western Europe to just 2.3% in 2019 (Research and Markets)
  • The sharp upturn in growth in South and South-East Asia in 2018 will slow down this year. However, they will become the fasting growing region from 2019 to 2023 (Research and Markets)
  • Construction activity in Latin America will continue its recovery in 2019 with a growth of 1.2%. Also, experts predict this to have an average of 3% from 2020 to 2023 (Research and Markets)
  • However, some Latin American countries like Argentina will experience a decline in construction output. Furthermore, the recovery of Mexico and Brazil will remain fragile (Research and Markets)
  • The Asia-Pacific region accounts for the largest share of the global construction industry. This is because the region includes the giant markets of India, Japan, and China (Research and Markets)
  • Growth in the Middle East and Africa region slowed to 2.2% from 2014 to 2018. However, this is expected to rise with an average of 5.5% every year from 2019 to 2023 (Research and Markets)

Global Construction Industry Challenges


of respondents stated skilled labor shortages had a major impact on construction delivery


of respondents said labor disputes had fair or little impact on construction delivery


of respondents stated that lack of confidence had medium impact on construction delivery

Source: Turner and Townsend 2018

Designed by

Additional Insights

Global construction industry data indicates a respectable steady growth. Some regions witness upward movement while others show signs of slowing down. There are indeed some challenges. However, countries and cities will always need infrastructures to support development, services, social activities, and their economies. Building repairs and improvements will always be around. Thus, the construction industry will always remain.

However, construction professionals should keep up with the shifts in paradigms–the mindsets and technology that comes with it. These and other external market forces would shape the future of the industry in the years to come.


2. The State of the US Construction Industry

The current US construction industry research indicates that it will experience a growth nearing the boom from 2005 to 2007. Nonresidential transportation and office spaces are leading sectors.

  • The Nonresidential Construction Index (NRCI) score was 60.4 in Q1 of 2018. This indicates an expansion in nonresidential construction as scores above 50 indicate expansion while those below indicate contraction. (FMI, 2018)
  • NRCI score in the first quarter of 2019 is at 52.1 indicating a low rate of expansion. (FMI, 2018)
  • We witness a total revenue of $239 billion in 2019 (IBISWorld)
  • The annual growth of the US construction industry from 2014 to 2019 is at 8.3% (IBISWorld)
  • Experts predicted that the value of private nonresidential construction will increase this year. This seems consistent with other long-term forecasts (IBISWorld)
  • The segments of nonresidential transportation (+16%), lodging (+14%), and office (+11%) lead spending growth in 2018 (FMI, 2019)
  • Bottom segments for spending growth in 2018 are religious constructions (-2%), multifamily residential constructions (+1 percent), and healthcare constructions (+1%). (FMI, 2019)
  • Single-family housing construction witnessed stable growth from 2017 to 2018 with an average of 4%. Moreover, this reached spending of $67 billion. (FMI, 2019)
  • The construction of improvements saw an upward growth of 5% from 2017-2018. Furthermore, it reached $205 billion in spending. (FMI, 2019)
  • New York is set to spend $70 billion in construction in 2019. Popular projects include The Spiral and One Vanderbilt. (Sonetics)
  • Detriot will spend as much as $5.4 billion in real estate development projects in the next three years. Furthermore, popular projects include Hudson’s Tower, the Packard Plant, and the Gordie Howie Bridge. Also, the latter will connect Detroit and Windsor, Canada. It costs about $2.1 billion. (Sonetics)

construction statistics 1

Additional Insights

US commercial establishments are transitioning their primarily brick-and-mortar operations into a hybrid one accommodating eCommerce. Thus, constructions are being done to provide infrastructural support to storage and transportation.

Furthermore, retail construction would likely see a change especially when eCommerce is now accounting for significant retail market shares. Thus, retail building designs may undergo some change. Companies may require smaller spaces.

Moreover, other movements such as remote work and the gigs economy may affect the US construction industry more. Therefore, you must keep yourself updated.

3. Employment Statistics in the US Construction Industry

The US economy hasn’t bounced back yet from the most recent recession. The construction industry is still in need of many jobs. Here are relevant statistics from our construction industry market research about employment.

  • The average salary of construction professionals is $51,097. (Data USA)
  • Experts estimate job growth in the industry is projected to be at 1.2% for ten years. (Data USA)
  • The current workforce in the industry is at 6.71 million. Also, construction laborers make up the largest segment of professionals 16%. Carpenters come in second at 9.56%. (Data USA)
  • Males make up 89.5% of construction professionals. On the other hand, females make up 10.5% of the total workforce. (Data USA)
  • On average, males make more money than females. Also, the average male salary is $51,781 per year. On the other hand, the average female salary is only $45,275 (Data USA)
  • Asians, on average, make higher incomes than other groups. They make 1.21 times more than other ethnicities and races. (Data USA)
  • The share of non-native construction workers varies across states like California (42%), Texas (41%), New York (37%), Nevada (37%), and Florida (35%) in 2018. (Construction Dive)
  • Nevada has become number 1 in construction employment growth. This is because more people are moving there with over 100 proposed developments for 59,000 housing units. (Sonetics)
  • Construction unemployment rates are not too far from the national rate with the former 4% and the latter around 5%. (FMI, 2019)

Most Common Occupation in the US Construction Industry



Firstline supervisors of construction trades & extraction workers

Construction managers


Source: Data USA

Designed by

Additional Insights

Currently, the construction industry is experiencing some aftershocks of the current recession. It remains one of those industries experiencing worker shortages. Moreover, this may be caused by public policies like the tightening of immigration.

Historically, the construction industry has been employing immigrants. Thus, with tighter regulations, it lost potential workforce candidates.

HR is a key issue here. Therefore, it is better that you keep yourself up to speed with recruitment statistics. This helps inform you of how hiring, in general, is happening in the country and the world.

4. Construction and the Environment: Facts and Statistics

The construction industry has been widely panned for non-environmental-friendly practices. However, many contractors are taking the initiative to reduce impact through their practices and materials. Here are some statistics in relation to green buildings and technology.

  • Buildings account for around 40% of global energy-related CO2 emissions. (USGBC)
  • Emissions from commercial buildings may grow to 1.8% in 2030 (Bold Business)
  • 2 out of 3 survey participants report that using rating systems such as Leadership in Energy and Environmental Design (LEED) helps them build better-performing structures. (USGBC)
  • Green homes may increase in value by 10 percent and resale value can also be boosted (USGBC)
  • LEED buildings have around 20% lower maintenance costs than usual commercial buildings (USGBC)
  • From 2011 to 2014, national green building construction created $167.4 billion in GDP. (USGBC)
  • The global green buildings market is expected to grow at a CAGR of 10.26% from 2018 to 2023. (MRFR)
  • Green buildings reduce carbon emissions by 34%. Also, they can consume up to 25% less energy than conventional buildings. (MRFR)
  • Exterior products such as smart lighting, solar products, and HVAC systems dominate the segment taking up 79.6% of the construction industry market size. (MRFR)
  • The residential segment continues to dominate the market with a global share of 60.9% accounting for $123.4 million in 2018. (MRFR)
  • Experts expect the nonresidential green building segment to experience a 9.25% CAGR by the end of 2023. (MFRF)

construction statistics 2

Additional Insights

In business, it doesn’t really matter much if you believe whether we are experiencing human-caused climate change or not. What matters is that people believe and government bodies also believe. Thus, policies are getting made to help decrease CO2 emissions and other harmful environmental practices (however they are measured). Therefore, there is and will be a market for going green.

If the leadership in your company believes climate change proponents, you’ll have an easier transition. Of course, you can only incorporate green building services and not really execute a full pivot. Also, you can even fully specialize but green building requires high specialization. Thus, a good deal of research and investment is needed here.

5. Technology and the Construction Industry

As mentioned, the construction industry seems to be lagging when it comes to technology adoption. However,  we can expect the industry to catch up in the next five years.

  • In a 2018 report, a survey found that 18% of small and medium construction companies are using drones. Moreover, by 2020, 8% report that they will implement drone use (Software Connect)
  • Only 16% of construction companies (that are SMBs) are using autonomous equipment. Also, another 8% report that they will implement the use of autonomous equipment by 2020 (Software Connect)
  • Augmented reality can be used by construction firms to improve collaboration and 3D modeling. However, only 6% of construction companies use AR/VR. Also, the cost has been cited to be what prohibits more adoption. (Software Connect)
  • In 2018, only 2 out of 5 industry professionals plan to purchase or upgrade construction management software in the next 12 months. (Software Connect)
  • Construction businesses are looking for the following features the most in construction management platforms: project tracking (73%), job costing (72%), project estimating (66%), improved accuracy (47%), and process standardization/automation (39%). (Software Connect)
  • In trials, autonomous vehicles mixed with human-operated excavators have delivered a 40% improvement in efficiency compared to conventional means. (The B1M)
  • Over the past decade, $10 billion has been allotted to funding construction technology (FIM, 2019)
  • Telehealth and wearable health technologies can potentially dampen the construction of traditional health facilities. Also, healthcare construction spending was only $42 billion in 2018. It only had a 1% increase from the previous year. (FIM, 2019)

Technology Use Among SMBs in the Construction Industry


of professionals plan to buy or upgrade their software in the next 12 months in the


are using drones


are using autonomous equipment


are using AR/VR technology

Source: Software Connect 2017–2018

Designed by

Additional Insights

Some argue that the productivity of the construction industry is not that bad. It is claimed that it’s a matter of how you measure it. However, most construction professionals are not really interested in measurement debates. The pragmatic thing to do is take everything on a case to case basis where every firm is a special case for measuring productivity. Also, this is what matters for individual construction workers and contractors. Thus, they must actively track, monitor, maintain, and improve their very own productivity.

To wit, professionals can take full advantage of construction management software to easily do this.

In this regard, we highly recommend CoConstruct which is a web-based custom builder and remodeler software. It can help in the day-to-day operations of builders like budgeting, communications, scheduling, and planning. Everything you do will be under one roof that is easily accessible and easy to use.

6. The Future of the Construction Industry

As mentioned, the future of the construction industry seems to be bright and very exciting. Robotics and AI are poised to enter the fold. Thus, optimists may state that this will help in the current workforce issues. Whether this will happen or not, we’ll find out.

  • A city in the Netherlands, Eindhoven, announced that they will 3D print a neighborhood of five houses. Even though there exist 3D-printed houses already, many don’t comply with building regulations. Thus, we can expect a long but steady growth towards adopting this technology in the future. (The B1M)
  • Experts predict the normalization of using advanced materials like “self-healing concrete” that uses bacteria to repair itself. Technologies like these will help cut down on maintenance costs. However, advanced materials are still quite expensive thus we won’t see them used in most of our neighborhoods or cities anytime soon. (Ingenia)
  • Autonomous electric machines are likely the future in construction. Not only that they can cut costs by 40%, but they can also reduce CO2 emissions by 98%. Moreover, in a test program conducted they found that conventional vehicles use 3,360 liters of diesel a day. On the other hand, hybrid wheel loaders only use 64 liters (The B1M)
  • In one future scenario, factories may run the world in terms of building constructions. This possibility became more probable in 2009 when BROADGroup, a Chinese company, opened a subsidiary for prefabrication and assembling of high-rise buildings. Moreover, the company shifted 90% of its construction work to factories. This may not be accepted in the near future. However, we should expect more adoption of this type of approach. (World Economic Forum)
  • CEOs and ministers working in the Infrastructure and Urban Design (IU) industry found three imperatives for future building. 74% of respondents believe that the top priority should be the attracting of new talent and to build up requisite skills. Moreover, 65% want to integrate and increase collaboration across the value chain. Also, 61% want to adopt advanced technologies at scale while 39% want to maximize the use of digital models and data throughout processes. (World Economic Forum)

construction statistics 3

Additional Insights

We should expect the future of the construction industry to be very exciting. On the design and materials front, new innovations can help decrease costs such as self-healing roads and structures. Also, on the construction automation side, we should expect robots to make a grander entrance into construction projects. Of course, they’d likely start out with easier ones and maybe scale up to provide assistance for more complex structures like high-rise buildings and underwater repairs.

Moreover, for the productivity side, we should expect construction companies big and small to adopt modern productivity technologies like project management solutions. These would help smoothen out business processes that support construction proper.

Make these numbers work for you

Experts believe that the construction industry will be a hotbed for dramatic shifts in the future. Construction industry data suggests that some conventional structures and practices may be phased out and new ones would come to take over. This may not happen fairly quickly though. However, many technological advances from many fronts are going to affect how construction professionals do their jobs. Robots may eat up some workforce share in five to ten years. But, there is still a strong demand for good people.

Remember, most CEOs and ministers at the World Economic Forum have set recruitment and development as their highest priority. Sure, the jobs may be different in the future like less manual labor but good human-based decisions, instincts, and soft skills are still needed. Furthermore, with the current focus on climate change and how to decrease carbon emissions, professionals from other disciplines are needed to come to the fold.

More environmental scientists and engineers would later find their way to the construction industry. Also, community development professionals are likely to join the fold as well. Thus, you should also keep up with news, technological development and projections about the HR industry to stay competitive.

Finally, the shift, as alluded to, is not so much on the number of construction demand in whatever sector. We all know that this will rise and fall due to building decays and the need for improvements wane and rise as well. However, the main shift that’s going to happen is likely with mindsets and technology. Thus, it’s best to keep up with construction industry market research and news from time to time.

By Nestor Gilbert

Senior writer for FinancesOnline. If he is not writing about the booming SaaS and B2B industry, with special focus on developments in CRM and business intelligence software spaces, he is editing manuscripts for aspiring and veteran authors. He has compiled years of experience editing book titles and writing for popular marketing and technical publications.

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