Based on the analysis of 37 leading construction companies, Accenture sees the global marketplace changing rapidly and construction firms must be agile, efficient and customer-focused to stay ahead of the competition.
One specific trend standing out is the fact that the global construction industry in emerging markets is expected to double within a decade and will become a $6.7 trillion business by 2020. Growth will be fuelled by urbanization, globalization, infrastructure renewal and the burgeoning needs of developing “megacities”—especially in the rapidly emerging economies of Asia, Latin America, the Middle East, Africa and Eastern Europe.
What are the other trends that the players need to keep up with? See all seven trends in the construction industry