Construction Industry Statistics

As a contractor licensing company, we work to get people licensed properly so they can be skilled contractors in the construction industry. We wanted to share with you some statistics with you to share the state of the industry with you.

• 13% of the world’s GDP is due to construction-related spending.
• $1.32 trillion is the worth of U.S. construction industry in 2018.
• $57 trillion in infrastructure is needed by 2030 to keep up with global GDP growth.
• Estimated 85% growth in the volume of construction output to $15.5 trillion by 2030.
• 6% increase in modular construction is predicted by 2022.
• 28.9% of the construction industry is Hispanic of Latino and that number continues to increase.
• More than 180 million people work in construction across the world.
• The average age of a construction worker in the United States is 42.
• 13% of construction firms are owned by women.
• 9.1% of construction workers are women.
• 11% of contractors consider job sites to be efficient.
• 82% of owners want more collaboration with their contractors.
• 40% of construction companies still user paper plans.
• 18% of construction firms reported consistently using mobile apps to access project data.
• 75% of construction companies use cloud storage.
• 40% of construction firms say new technology hasn’t been implemented due to lack of support and budget concerns.
• AI can potentially increase the construction industry’s profits by 71% by 2035.
• 51% of contractors use BIM software.

This is just a fraction of the data of things occurring in the construction industry. The data and statistics are great because it can help the industry make improvements.
Looking to join the construction industry? We can help. Our Florida contractor licensing company can make obtaining a Florida contractor’s license easy. We also help people get their contractor license in other states.

For the contractor license application, we will gather all the things needed to complete the application for the state. We will let you know what courses, tests, exams, and experience you need or are missing.  Our goal is to make the contractor licensing process smooth and easy for you.
Licenses, Etc. is a Florida contractor licensing company. To get started on the contractor licensing process, click our contractor’s license page or our Florida contractor license page call us at 239-777-1028.