Interesting Contractor Statistics That You Must Know in 2022

Contractor Statistics to know in 2022

Being in the construction industry invites a bunch of challenges where staying up to date becomes a responsibility. To stand by your construction goals, we’ve got you the top interesting contractor statistics that will keep you updated with all construction industry trends and stats. These statistics will keep you covered with the current scenario of the construction industry, worker demographics, industrial yield prediction, and its growth. Furthermore, this blog will give you insights on how you can work upon these trends to improve your construction business. 

If you are looking for ways to Improve Productivity in Your Construction Business, then you must check out this blog which will give you detailed information on methods to improve productivity.

Construction Industry Growth

The growth of the construction industry always demands more. The rise in population has led to more construction demands hence there is an expected hike in industrial growth. 

Construction Revenue

The construction industry always holds a great contribution to the global as well as local economy of a nation. Here are some contractor statistics that share global revenue from the construction industry.

Construction Costs

Construction costs are rising globally which can be a hurdle to the profitability of construction projects. One should focus on hiring skilled workers and the budgets should be passed with precise attention.

Construction Jobs

The COVID-19 pandemic did contribute to labor shortages in the industry but over time, unemployment rates have experienced a decline. When compared to the time during the pandemic, a slight increase in the labor force can be observed. The below contractor statistics are an explanation of it:

Get Ease in Handling Construction Projects With BuildMan

One can utilize the contractor statistics and trends shared above to predict their industry yield in the coming years. Thus, the task of handling your current and upcoming construction projects can be made much easier with BuildMan. There are many benefits associated with this  Construction Management Software- BuildMan. To know them, read this blog. This software consists of advanced and distinctive features that will help construction companies and project managers in accomplishing their projects in a cost-effective and time-bound frame, what are you waiting for? Sign up today!


© 2021 Copyright BuildMan. A venture of WEBaniX Private Limited