Access data and insights across 99 global construction markets
Our Global construction market intelligence report explores how the construction industry is performing. It discusses the challenges the industry faces and its future outlook. Now in its 16th year, the report brings together data, insights and experience for 99 global construction markets.
What are the key findings from this year’s research?
This year’s research captures a construction market navigating a more fragmented, fast-shifting global landscape. The 2024 'super election' year has ushered in political shifts affecting everything from investment appetite to supply chain strategy.
Our findings reveal a growing divide – some regions face volatility and restricted trade, while others are capitalising on new momentum and market clarity.
Labour immobility and persistent skills shortages emerged as the industry’s most pressing issues. Yet, behind these challenges lie opportunities for localisation. Many markets are turning to local solutions in workforce development.
This inward pivot reflects a broader trend: responding pragmatically to risk with regional resilience.
There’s also cautious optimism in the numbers. Construction cost inflation is stabilising in many parts of the world, returning to pre-pandemic norms.
The resilience built in response to early 2020s global shocks is now paying dividends. We’re seeing risk management become business –as usual, and firms are reaping the rewards of enhanced preparedness.
Data centres, life sciences and advanced manufacturing continue to dominate as growth sectors. However, the industry mustn’t overlook the urgent need for change. The digital transformation of construction remains slow, and productivity continues to lag.
Our data shows a critical window to turn resilience into reinvention. This can be achieved through AI adoption, lifecycle digital integration and bold investment in modern methods of construction. In short: the sector stands at a crossroads.
Innovation is no longer optional – it's a necessity for navigating what comes next.
