2025 Engineering and Construction Industry Outlook
The construction industry in 2024 was defined by strong fundamentals, marked by a 10% increase in nominal value added and a 12% increase in gross output. 1 Construction spending crossed US$2 trillion and maintained a balanced trajectory in the first half of 2024. 2 Despite facing a pervasive talent shortage, the sector’s employment level ...
2024 engineering and construction industry outlook
However, looking ahead to 2024, there could be a boost to construction associated with manufacturing, transportation infrastructure, and clean energy infrastructure, as funds from three key pieces of legislation passed in 2021 and 2022—the Infrastructure Investment and Jobs Act (IIJA), the Inflation Reduction Act (IRA), and the Creating ...
The future of the construction industry - Deloitte United States
Fundamental shifts are happening that can push E&C firms to explore radically new ways of creating and capturing value as they make the leap toward the fourth industrial revolution. Five key trends are largely driving the future of construction: Smart operations; Prefabrication and modular construction; Data and advanced analytics; Future of work
The US engineering and construction (E&C) industry began 2022 on a bright note after achieving strong growth of 8% in construction spending in 2021.1 While the value added reached $1 trillion in Q2 2022, gross output stood at $2 trillion in Q2 2022 compared to $1.9 trillion in Q2 2021.2 But a closer look at current
2018 global construction industry overview - Deloitte United States
What challenges and opportunities are impacting the global construction industry? See the current economic situation, examine the performance of the world’s top construction companies, and explore the global construction industry trends that will shape the future.
The construction industry is a typical example of site-optimized siloed operations, with sales, design, procurement, construction, customer service, and maintenance functioning at a high level individually at the work site level.
Construction Analytics: Trends in Construction and Large Capital ...
The construction analytics solutions analyzes real–time data against performance thresholds–assessing trends over time and transforming information into insight, enhancing decision-making and improving overall project delivery.
Deloitte’s “The future of construction: Key trends shaping engineering and construction ” article highlighted how the engineering and construction (E&C) landscape appears to be changing rapidly.
Changes in the US construction workforce | Deloitte Insights
Small changes are evident in construction employment trends over the past two decades. A dip in the share of residential construction in total construction jobs is one example; a small rise for building equipment contractors is another.
Engineering & Construction — Perspectives, Insights, and Analysis …
Engineering & Construction. Talent and material price volatility may continue to challenge the engineering and construction industry, yet digital technologies have the potential to help firms imagine, create, and build the spaces, structures, and cities of tomorrow.