The construction industry increasingly faces trends that may not be under its direct control but do have a marked effect on it. Some of those are long-term developments, such as a higher awareness of the climate, increasing urbanization, technological innovations, or new trends and types of construction – such as modular construction. On top of that, current challenges such as inflation and the high cost of construction materials, skilled staff and material shortages, supply chain disruption, and the coronavirus pandemic have deeply shaped the industry in the past years. If, in addition to that, the current climate of economic instability is considered, there is no doubt that the construction sector will need to be resilient to stay ahead of these uncertain times.

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Trending Facts & Insights

  • Percentage change on previous year of the Producer Price Index (PPI) of 32 processed goods important to construction in the United States from February 2014 to February 2023

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  • Average construction costs of single-family and multifamily residential buildings in the United States in the 3rd quarter 2022, by city (in U.S. dollars per square foot)

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  • Construction output value in China from 2011 to 2022 (in trillion yuan)

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  • Average cost per square meter in selected European cities for constructing a building in 2022 (in U.S. dollars)

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  • Largest housing projects in the United Kingdom (UK) with a start date in 2022, by total project value (in million GBP)

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  • Value of construction contract awards in the Middle East and North Africa in the 1st half of 2022, by country (in billion U.S. dollars)

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  • New non-building construction spending in the United States from 2005 to 2021, with forecasts until 2026 (in billion current U.S. dollars)

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  • Production of cement in China from January 2012 to December 2022 (in million metric tons)

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  • Value of construction to India's GDP from 2nd quarter of 2018 to 4th quarter of 2022 (in billion Indian rupees)

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  • Largest construction firms based on revenue in the world in 2021 (in billion U.S. dollars)

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Construction Sector

Industry Definition

Statista’s product range for the construction industry is a wide one, encompassing both market overviews as well as developing trends. The overall Construction section covers the global construction industry, overall construction spending and costs, commercial construction companies, large projects, and the various construction segments. This also includes other topics that are currently relevant such as shortages, and the cost, production, and trade of construction materials.

The section Building Construction covers all types of buildings, including residential, non-residential, and industrial. The Heavy Construction section revolves around infrastructure, industrial facilities, and civil engineering.

Topics that are closely connected with Construction, but are found elsewhere include:

  • Construction machinery;
  • Construction equipment; and
  • Construction waste.

More interesting topics from the industry "Construction"


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