Construction & Infrastructure in Numbers
In 2021, Infrastructure output will increase by 29% and Construction output will increase by 13%.
But 90% of experts strongly believe these industries need to change.
More than three quarters of UK construction professionals believe the industry’s management of quality is inadequate.
of contractors believe advanced technologies improve worksite quality.
of contractors believe advanced technologies improve jobsite safety.
of contractors believe advanced technologies improve labour productivity.
In recent years, the proportion of UK construction companies actively involved in innovating has fallen by 11%…
… and other industries spend up to 450% more on R&D than construction businesses.
The average B2B business scores less than 50% on the customer-experience index, compared to 65-86% for B2C businesses. 83% of industry leaders expect a shift towards customer-centricity in construction.
Closer relationships with suppliers is key to accelerating infrastructure projects.
One Third of project failures result from poor communication, and that includes interactions with suppliers.
Maintenance accounts for up to 30% of the total cost of a vehicle, especially when it is not undertaken regularly.
Despite this, just 33% of businesses take into account the Whole Life Cycle costs when selecting their fleet vehicles.
The Architecture, Engineering, and Construction (AEC) industry is responsible for 40% of total energy use.
AEC are also accountable for 32% of annual CO₂ emissions.
This is why construction and infrastructure projects are central to the UK’s plan to reduce greenhouse gas emissions by 68% by 2030.
According to the UK Green Building Council, more efficient transportation and construction processes are key to reducing emmisions.
90% of studies show that good ESG scores lower the cost of capital. And 88% show that good ESG practices result in better operational performance.
Ultimately, companies experience an average internal rate of return of 27-80% on their carbon saving investments.
1 in 4 UK employees report having a physical health condition
Only 5% of UK employees report having a mental health condition.
workdays are lost annually due to stress alone.
is lost to mental health-related issues.
These problems are particularly acute in the construction and infrastructure industries:
40% of construction worker absences are due to poor mental health; 90% of construction bosses report experiencing mental health issues because of work…
… and Men in construction are 3x more likely to commit suicide than the population average.
64% of construction workers say they want their employers to provide more mental health support.
87% of employees expect their employer to support them in balancing work with their personal commitments.
Projects that emphasise wellbeing and employee experience will benefit from 21% higher profitability and a 500% return on every £1 spent on wellbeing.
of global GDP is represented by construction. In turn being the world’s largest industry.
Yet productivity in the sector has grown by less than 1% annually in the last two decades.
of construction projects run over budget by more than 10%, with larger projects often taking 20% longer.
contractors will surely be looking for the greatest value possible when hiring specialist products in 2021.
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