|Future of Construction, Global, 2030|
|Revolutionary Trends Impacting the State of Construction Industry|
The construction industry is in the middle of a transition towards new business models that are technology- and data-driven, better collaboration between stakeholders, and higher productivity. The increasingly aging workforce and digitization are prompting greater investments in workforce management and digital solutions. By 2030, the global spending in construction is expected to touch 17.5 trillion, with China, the US, and India, leading the way and accounting for 57 percent of all global growth. More than 60 percent of the global infrastructure investment will be in emerging economies, particularly Asia, while the US and Canada will contribute almost 20 percent.
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