The Latest Global Construction Industry Statistics Explained
Asia-Pacific construction industry had an estimated market value of $2056 billion in 2018.
The statistic that the Asia-Pacific construction industry had an estimated market value of $2056 billion in 2018 indicates the total value of construction activities within the region during that year. This figure encompasses all construction projects, including residential, commercial, infrastructure, and industrial developments. The sizeable market value reflects the extensive investment and economic activity in the construction sector across Asia-Pacific countries, illustrating the significant contributions of this industry to the region’s economy. This statistic serves as an important indicator of the scale and impact of the construction industry within the Asia-Pacific region during the specified year.
7% of the world’s working-age population is employed in the construction industry.
The statistic that 7% of the world’s working-age population is employed in the construction industry indicates the proportion of individuals within the global workforce who are engaged in construction-related activities. This suggests that construction is a significant sector in terms of employment opportunities, playing a crucial role in providing jobs and livelihoods for a considerable portion of the working-age population worldwide. The percentage highlights the importance of the construction industry in driving economic activity and development, as well as its impact on various aspects of society, such as infrastructure development, urbanization, and housing needs. Understanding the distribution of workers across different industries helps policymakers, businesses, and researchers make informed decisions and strategies related to workforce planning, economic growth, and sustainable development.
The construction industry emits 23% of global CO2 emissions.
This statistic indicates that the construction industry is a significant contributor to global carbon dioxide (CO2) emissions, accounting for approximately 23% of the total emissions worldwide. CO2 emissions from the construction sector are primarily a result of energy consumption during the production of building materials, transportation of construction materials to project sites, and the operation of buildings once they are constructed. This statistic highlights the importance of implementing sustainable practices and technologies within the construction industry to reduce its environmental impact and mitigate climate change.
The global green construction market is anticipated to reach $364.6 billion, accounting for almost 10% of the overall construction industry.
The statistic highlights the significant growth and impact of green construction within the overall construction industry. With the global green construction market projected to reach $364.6 billion, it is estimated to represent nearly 10% of the total construction industry. This implies a growing trend towards environmentally sustainable practices and technologies in the construction sector, as businesses and governments increasingly prioritize energy efficiency, resource conservation, and reduced environmental impact in their building projects. The substantial market size and percentage share underscore the increasing recognition and adoption of green construction practices worldwide, driving investment and innovation towards a more sustainable and eco-friendly built environment.
The global Building Information Modelling (BIM) market, a key innovation for the construction industry, is anticipated to reach $10.7 billion by 2025.
The statistic indicates that the global Building Information Modelling (BIM) market is expected to grow significantly and reach a value of $10.7 billion by the year 2025. BIM is a crucial innovation in the construction industry that enables the creation and management of digital representations of physical and functional characteristics of buildings and infrastructure. The anticipated market size signifies the increasing adoption of BIM technology by construction companies worldwide to enhance efficiency, collaboration, and decision-making processes throughout the project lifecycle. The projected growth reflects the industry’s recognition of the benefits of BIM in improving project outcomes, reducing costs, minimizing errors, and driving overall productivity in the construction sector.
China accounts for 20% of global construction industry value.
The statistic “China accounts for 20% of global construction industry value” means that China contributes one-fifth (or 20%) of the total value generated by the construction industry worldwide. This indicates the significant role that China plays in the global construction sector both in terms of the volume of construction activities and the economic impact it has. With its rapidly growing economy and massive infrastructure projects, China has become a key player in the construction industry, influencing global trends and market dynamics. This statistic highlights China’s substantial influence on the overall landscape of the construction industry on a global scale.
The global construction machinery market is expected to surpass $200 billion in 2021.
This statistic indicates that the global construction machinery market is projected to exceed a value of $200 billion by the end of the year 2021. This suggests a substantial growth in the demand and investment in construction machinery worldwide, reflecting an increase in construction activities and infrastructure development projects. The significant market size also implies a strong industry outlook, with manufacturers and suppliers likely to benefit from the growing demand for construction equipment across various sectors such as residential, commercial, industrial, and infrastructure construction. Overall, the statistic highlights the robustness and expansion of the construction machinery market on a global scale.
The European construction sector output is projected to grow by 3.5% in 2021.
The statistic stating that the European construction sector output is projected to grow by 3.5% in 2021 indicates an anticipated increase in the value of construction activities within the European region compared to the previous year. This growth projection suggests a positive outlook for the construction industry, reflecting potential expansion, increased investment, and economic development. Factors such as government infrastructure projects, private sector investments, and recovery from the impacts of the COVID-19 pandemic may contribute to this anticipated growth. Monitoring and analyzing this statistic can provide valuable insights into the overall economic health of the region and the momentum of the construction sector.
The global pre-engineered building market size was estimated at USD 15.18 billion in 2020.
The statistic stating that the global pre-engineered building market size was estimated at USD 15.18 billion in 2020 refers to the total value of pre-engineered building construction projects worldwide during that year. Pre-engineered buildings are structures that are manufactured off-site and then assembled on-site, offering a faster and more cost-effective construction solution compared to traditional methods. This market size figure reflects the significant economic activity and investment in the pre-engineered building industry, indicating the level of demand for these types of structures globally in 2020. Tracking changes in this market size can provide insights into trends in construction practices, infrastructure development, and overall economic growth.
Global population growth and urbanization could require an additional 13,000 buildings per day into 2050.
This statistic highlights the significant impact of global population growth and urbanization on the demand for new buildings. It suggests that due to the rapid increase in population and the ongoing trend of urbanization, the world may need to construct around 13,000 new buildings every day until the year 2050 to accommodate the growing population and urban dwellers. This immense rate of construction reflects the challenges and opportunities presented by the increasing urban population, and underscores the need for sustainable urban planning and development strategies to ensure adequate infrastructure and resources for the future.
North America and Europe hold a significant market share in the firefighting equipment market in construction.
The statistic indicates that North America and Europe have a substantial portion of the market for firefighting equipment within the construction industry, outpacing other regions in terms of market dominance. This suggests that these regions have a high demand for firefighting equipment and likely exhibit advanced safety regulations or standards within their construction sectors, leading to a greater need for such equipment. Companies operating in the firefighting equipment market may therefore find these regions particularly lucrative for their business, potentially driving investment and innovation in this sector to cater to the specific needs of construction activities in North America and Europe.
The construction industry produces more than 35 percent of all waste in the European Union.
The statistic that the construction industry produces more than 35 percent of all waste in the European Union highlights the significant impact of this sector on environmental sustainability. With the rapid growth and development of infrastructure projects in the EU, construction activities generate a substantial amount of waste, including materials like concrete, wood, and metals. This statistic underscores the need for the industry to adopt more sustainable practices, such as reducing waste generation through better resource management, recycling materials, and implementing circular economy principles. By addressing the issue of construction waste, stakeholders can work towards reducing the environmental footprint of the industry and contributing to a more sustainable future for the EU.
Asia Pacific dominated the global heavy construction equipment market in 2019.
The statement ‘ Asia Pacific dominated the global heavy construction equipment market in 2019’ indicates that the Asia Pacific region had the largest market share in terms of sales and revenue in the heavy construction equipment industry in the year 2019 as compared to other regions around the world. This suggests that a significant portion of heavy construction equipment was sold and used in the Asia Pacific region, potentially driven by factors such as infrastructure development projects, urbanization, and industrial growth in countries within that region. The statistic highlights the importance and influence of the Asia Pacific region in the global heavy construction equipment market during the specified year.
45% of all energy-related CO2 emissions come from the construction industry globally.
The statistic that 45% of all energy-related CO2 emissions come from the construction industry globally indicates the significant environmental impact of the construction sector on the planet. This high percentage highlights the amount of carbon dioxide released into the atmosphere as a result of energy consumption in the construction industry, primarily through activities such as manufacturing building materials, transportation, and on-site energy use. Addressing this issue requires implementing sustainable construction practices, using energy-efficient materials, adopting renewable energy sources, and improving construction waste management to reduce the industry’s carbon footprint and mitigate climate change on a global scale.
The global construction aggregates market valued at $463.3 billion in 2020.
The given statistic indicates that the global construction aggregates market had a total value of $463.3 billion in the year 2020. Construction aggregates refer to materials such as sand, gravel, crushed stone, and other materials used in construction projects. The market value signifies the total worth of these materials sold and utilized globally for construction purposes during that year. This statistic is crucial as it reflects the significant scale of the construction industry and the demand for construction materials worldwide, highlighting the economic importance and growth potential of the sector.
Productivity in the construction industry decreased in the United States by 1.3% per year between 1970 and 2003.
The statistic indicates that the productivity level in the construction industry in the United States experienced a consistent decline over the time period between 1970 and 2003, with an average annual decrease of 1.3%. This suggests that the industry’s output per unit of input, such as labor or capital, decreased on average by 1.3% each year during this time frame. Factors contributing to this decline in productivity could include inefficiencies in construction processes, outdated technology, inadequate infrastructure, skill shortages, and economic fluctuations. Understanding and addressing the reasons behind this decrease in productivity is crucial for improving efficiency, competitiveness, and overall performance in the construction sector.
Infrastructure construction was the fastest-growing segment with growth at nearly 69% from 2013 to 2018.
The statistic stating that infrastructure construction was the fastest-growing segment with nearly 69% growth from 2013 to 2018 indicates a substantial and rapid expansion in the infrastructure development sector over the five-year period. This growth rate suggests a significant increase in the construction of new infrastructure projects such as roads, bridges, airports, and utilities during that time frame. Such robust growth in infrastructure construction signifies a positive trend in investment and development within the industry, which could have been driven by factors such as government initiatives, urbanization, population growth, and economic expansion. This statistic highlights the importance and potential opportunities within the infrastructure construction sector during the specified period.
The global construction plastics market size is expected to reach USD 105.9 billion by 2025.
The statistic states that the global construction plastics market is forecasted to grow and increase in value to reach USD 105.9 billion by the year 2025. This suggests a significant expansion in the use of plastics within the construction industry worldwide over the next few years. Factors such as the growing demand for durable, lightweight, and cost-effective materials in construction projects, as well as advances in plastic technology and construction methods, are likely driving this projected growth in market size. This statistic indicates a strong potential for growth and innovation within the construction plastics sector, with opportunities for investors, manufacturers, and other stakeholders to capitalize on this market expansion.
Conclusion
The statistics presented highlight the dynamic and evolving nature of the global construction industry. With growth rates varying across regions and sectors, it is evident that the industry is influenced by a multitude of factors such as economic conditions, technological advancements, and government policies. By staying informed and adapting to these trends, stakeholders in the construction industry can position themselves for success in an ever-changing landscape.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.statista.com
2. – https://www.www.globaldata.com
3. – https://www.www.gminsights.com
4. – https://www.www.whatech.com
5. – https://www.www.constructionglobal.com
6. – https://www.www.constructiondive.com
7. – https://www.www.mckinsey.com
8. – https://www.www.worldgbc.org
9. – https://www.www.cscs.uk.com
10. – https://www.www.designingbuildings.co.uk
11. – https://www.www.ilo.org
12. – https://www.ec.europa.eu
13. – https://www.www.alliedmarketresearch.com
