Global construction market output by region 2015

Trillions are spent every year on the buildings, infrastructure, and industrial installations by the global construction sector. In 2015, China’s construction market reached 3.3 trillion U.S. dollars, while North America’s construction sector had a market size of 1.9 trillion U.S. dollars. The construction market in Asia is expected to account for almost half of global construction spending by 2020. Construction productivity However, in the past decades, the industry has lost a large amount in value due to low labor productivity. The productivity growth of the construction sector has been comparatively lower than that of the total global economy and the manufacturing industry. Low productivity may be attributable to several reasons, including a highly regulated industry and dependency on public sector demand. The difficulties of the market can bring poor project management and execution, a lack of skill, and inadequate design processes. There are known ways to overcome these barriers, however, it is difficult for individual entities, despite high revenues, to change a traditional system.

全球建筑行业每年在建筑、基础设施及工业设施上的投入动辄以万亿计。2015年，中国建筑市场达到3.3万亿美元，而北美建筑行业市场规模为1.9万亿美元。预计到2020年，亚洲建筑市场将占据全球建筑支出近一半的份额。然而，在过去的几十年中，由于劳动力生产率低下，该行业在价值上损失巨大。建筑行业生产力的增长相较于全球经济总量及制造业的增长相对较慢。低生产率可能归因于多个因素，包括高度监管的行业性质和对公共部门需求的依赖。市场的困难可能导致项目管理与执行不佳、技能短缺以及设计流程不足。尽管存在克服这些障碍的方法，但对于单个实体而言，即便收入颇丰，要改变传统系统仍属不易。