The Construction Industry at a Crossroads: Growth, Innovation, and Safety in 2025
As 2025 approaches, the construction industry stands at a opportune time for growth driven by urbanization, rising population demands, and advancements in technologies like AI, IoT, and digital twins. Contributing 13% to global GDP and employing over 7% of the world’s workforce, the sector holds immense potential, yet significant challenges persist. Labor shortages, regulatory complexities, and critical safety concerns continue to test its resilience. Successfully navigating these hurdles while embracing innovation and sustainability will be essential as 2025 brings new opportunities to redefine the future of construction.
Key questions to consider
2025 Engineering and construction industry outlook
Labor, technology, and policy: key trends for the year ahead
According to Deloitte’s latest analysis, the engineering and construction sector is poised for moderate growth in 2025, fueled by federal investments and easing interest rates. Key trends include a projected boost in residential construction from declining mortgage rates, while government initiatives like the IIJA and CHIPS Act continue to drive manufacturing, energy, and infrastructure projects. The adoption of advanced technologies, including AI, robotics, and digital twins, is reshaping operations, helping firms tackle persistent labor shortages and improve efficiency.
Gain more insights: https://www2.deloitte.com/us/en/insights/industry/engineering-and-construction/engineering-and-construction-industry-outlook.html
2025 Forecast: Rate cuts expected to boost construction
Falling rates, rising opportunities: Construction trends for 2025
According to Engineering News-Record (ENR), the 2025 U.S. construction forecast, points to strong growth opportunities across key sectors. Residential starts are expected to climb 11.5%, while non-residential construction is projected to grow 5.9%, driven by a 16.2% surge in hotel projects and an 8.9% rise in manufacturing. Infrastructure spending is also on the rise, with highway construction anticipated to increase 11.5% and bridge work 8.9%. As the industry prepares for a dynamic year, understanding these trends will be crucial for staying ahead.
Dive into the report: https://www.enr.com/articles/59861-2025-forecast-rate-cuts-expected-to-boost-construction
Join Trackunit Next 2025: shaping the future of construction
Join 1,000 industry professionals for insights and inspiration
Trackunit Next 2025, a leading virtual conference for construction leaders and professionals, kicks off on February 5th. This year's event focuses on construction technology, innovation and digital transformation. Co-hosted by Soeren Brogaard, CEO of Trackunit, we're connecting the brightest minds in the industry to explore new ways to eliminate downtime. We have an incredible lineup of speakers, panels, and industry experts, featuring cherished customers alongside Zack Kass (Former Head of GTM, OpenAI), Mikkel Dalgas (CTO, Trackunit), Tia White (GM of AI & ML, AWS), L?rke Ullerup (CPMO, Trackunit), and Christiane Vejl? (Digital Trends & Ethics Expert). The agenda is packed with innovation, inspiration, and practical insights to advance sustainability, safety, and efficiency in construction.
Save your seat: https://trackunit.com/events/trackunit-next/
If any of these articles have sparked any ideas or questions that you may have, please email us at [email protected]. Initiating conversation and creating awareness is how we will be able to succeed in our journey of eliminating downtime.