2025 (projected)
The global construction sector is poised for growth. But some organizations are pursuing new approaches to boost efficiency and productivity.
By Novid Parsi
GLOBAL SNAPSHOT
2015
4
8
12
2017 2019 2021
Building Better
Annual revenue of global construction industry
US$15
trillion
2015
US$8.5
trillion
Projected global construction spending
The construction sector’s projected
share of global GDP by 2020
ROOM FOR IMPROVEMENT
Cost overruns and delays dominate the construction sector, producing a lot of waste.
0
US$9
trillion
US$10
trillion
US$10.5
trillion
US$11
trillion 15%
METRICS
of construction megaprojects
(>US$1 billion budget) face
cost overruns or delays.
Average cost increase
above original budget on
megaprojects
Average completion delay on megaprojects
98%
80%
20 months
