Overall, total construction output is now forecast to fall by 4.7% in 2023, a downward revision from the 3.9% in the Autumn forecast, which was determined in the immediate aftermath of the Mini Budget and during the height of the political and financial markets chaos. Risks to the forecasts...
Procore has partnered with On-Site for another year to reveal Canada's 2023 Construction Forecast. This year's forecast delves into what's ahead of us and identifies the key economic factors, technologies and trends that are driving the industry forward and will most directly impact your business...
In light of this economic forecast, it will be crucial for construction companies to adopt technologies that increase productivity and efficiency to maintain financial stability. Here are the top construction technology trends to watch in 2023 that can help the industry achieve these goals and set it...
dollars in 2023, and it is expected to keep rising in the next couple of years. By 2027, the overall value of construction put in place in the United States, which includes the residential, non-residential, and non-building segments, is forecast to reach over 2.2 trillion U.S. dollars....
Explore in-depth data analysis on the US construction and infrastructure economic spending forecast and industry trends overview for state and metro areas.
Forecast & Industry Trends Overview Learn more about US Construction and Infrastructure Economic Spending Forecast & Industry Trends Overview Call Sales +1 844 301 7334Gain a better understanding of the 15-year US construction economic spending forecast and industry trends overview by state and by ...
Predictive Analytics:Use historical data to forecast future trends and make proactive decisions. Recent Trends in the Construction Industry The U.S. construction industry is a giant of the U.S. economy as it accounts for4.0% of the country’s GDPthat also employs around8 million people. However...
1. 2023 Trends: Construction Industry Transformation “The construction industry realizes that to drive more predictability, profitability, and safety into their processes, firms must continue to embrace digital technologies and innovation in 2023. Today, backlogs remain strong – but construction activity...
Dhananjay Sharma, Analyst at GlobalData, commented, “The growth of the industry during the forecast period is expected to be supported by the government’s focus on the development of transport and energy infrastructure in the country. Under the Southern Economic Corridor (...
care projects, hence supporting industry growth during the forecast period. Investments in transportation infrastructure projects will also support growth during the forecast period. State-run Qatar Railways plans to begin construction of a rail line linking Qatar and Saudi Arabia at the end of 2023....