Equip Your 2022 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 2022 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
Global Construction Demands Are Growing
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The Rise of New Building Methods
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- 58% of owners said they’ve used or plan to use design-build, moving away from traditional design-bid-build. [FMI] | 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
- 4.7% compound annual growth (CAGR) in modular construction by 2026 is predicted. [Research & Markets | Click to Tweet
- About 90% of firms using prefabrication report improved productivity, improved quality, and increased schedule certainty compare 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
- 13.6% compound annual growth (CAGR) in the construction robot market is predicted between 2021-2026. [Mordor Intelligence] | Click to Tweet
Underperformance is an Industry Wide Issue
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Construction Costs Are Rising
- 6% increase in wage and salaries for construction workers in 2021. [AGC] | Click to Tweet
- 84% of firms report construction costs have been higher than anticipated. [AGC] | Click to Tweet
- 14.1% increase in construction building material November 2021 YTD, tripling the increase of the prior year. [Eye On Housing] | Click to Tweet
Risk Remains a Major Concern
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Rework Has Become an Expensive Standard
Labor Shortage Is an Industry Wide Concern
Workforce at a Glance
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Measuring Trust in Construction
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Challenges in Productivity
- 45% of construction professionals report spending more time than expected on non-optimal activities. [Autodesk + FMI] | Click to Tweet
- $1.63 trillion could be saved annually from infrastructure productivity changes. [McKinsey Global Institute] | 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% or more impact on productivity as a result of issues with construction logistics. [MCAA] | Click to Tweet
- 10% impact on productivity as a result of late crew build-up. [Whirlwind Steel] | 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
Challenges to Construction Digitization
- 95% of all data captured in construction and engineering industry goes unused. [FMI] | Click to Tweet
- 19% UK construction firms say that their projects are entirely paper-based. [Autodesk] | 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
- 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
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.
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