100+ Construction Industry Statistics

April 18, 2021 Grace Ellis

Equip Your 2021 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 2021 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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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
  • 1.55 million new housing units planned annually in the U.S. — up from 583,000 in 2009. [Census Bureau] | Click to Tweet

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
  • 6.5% compound annual growth rate (CAGR) in modular construction by 2026 is predicted. [Fortune Business Insights] | 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

Underperformance is an Industry Wide Issue

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  • Over 50% of engineering and construction professionals report one or more underperforming projects in the previous year. [KPMG] | Click to Tweet
  • 69% of owners say poor contractor performance is the single biggest reason for project underperformance. [KPMG] | Click to Tweet
  • 68% of general contractors reported experience problems “getting off the job” on at least 25% of their projects. [Autodesk & Dodge Data & Analytics] | Click to Tweet
  • 66% of general contractors are carrying added costs from overtime/second shifts on at least three quarters of their projects due to schedule slippage, with 50% of them needing to extend the project end date. [Autodesk & Dodge Data & Analytics] | Click to Tweet
  • 29% of firms are putting longer completion times into their bids for new work because of the lack of workers, putting future development and infrastructure projects at risk. [AGC] | Click to Tweet
  • Just 25% of projects came within 10% of their original deadlines in the past 3 years. [KPMG] | Click to Tweet
  • And only 31% of all projects came within 10% of the budget in the past 3 years. [KPMG] | Click to Tweet
  • Large projects typically take 20% longer to finish than scheduled and are up to 80% over budget. [McKinsey Global Institute] | Click to Tweet
  • 98% of megaprojects become delayed or over budget. [McKinsey Global Institute] | Click to Tweet
  • 77% of megaprojects around the globe are 40% or more behind schedule. [McKinsey Global Institute] | Click to Tweet
  • 74% of hydropower, water, coal, and nuclear infrastructure projects were over budget by 49% on average. [EY] | Click to Tweet

Construction Costs Are Rising

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Risk Remains a Major Concern

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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
  • $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
  • In all, non-optimal activities will cost the U.S. construction industry over $177 billion in labor costs in 2018 alone. [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

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Challenges to Construction Digitization

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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.

The post 100+ Construction Industry Statistics appeared first on Digital Builder.


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