Global Construction Outlook 2024

Improving outcomes/

summing up


So, while it remains challenging, opportunities remain for construction.

Understanding the local landscape is vital in navigating the changing environment.

We recommend the following to maximise the potential of projects:

Undertaking regular cost checks and practising value management

In light of market fluctuations, it is essential to regularly review budgets to ensure they accurately reflect the current circumstances.

Effective value management remains crucial for optimising available resources and adapting to market developments, such as technological advancements or evolving end-user requirements.

Understanding the local market and project risk profile

Mitigating a project's risks can enhance its attractiveness to the supply chain. Still, it is crucial to ensure that the allocation of risks is fair to prevent the application of additional premiums.

Even though there are fewer supply chain issues, such as extended delivery times, it is advisable to proactively engage with the supply chain and contemplate advanced ordering. This approach helps secure resources and enhance programme certainty.

Utilising digital tools, data and AI to enhance decision-making

From employing generative design to minimise wastage, implementing robotics to enhance efficiency and safety on site, to leveraging data analytics for improved decision-making and learning from past projects — substantial opportunities are gaining momentum and improving outcomes.

Summing up


The construction industry grapples with persistent uncertainty, ranging from the repercussions of global economic conditions to the pursuit of sustainability goals. Challenges also arise in the areas of skills, labour and productivity. Investment and the adoption of new technologies are critical, as well as ensuring the best use of resources.

Nicola Sharkey

PROJECT DIRECTOR, HEAD OF INTELLIGENCE/UK INSIGHTS AND RESEARCH LEAD


Get in touch

James Garner

SENIOR DIRECTOR, GLOBAL HEAD OF DATA AND INSIGHTS & ANALYTICS


Get in touch

Ned Chehalfi

RESEARCH MANAGER


Get in touch

Sam West

RESEARCH MANAGER


Get in touch

View more reports below


Egypt Construction Market Report 4Q 2023


Find out more

Western Mainland Europe Construction Market Report 4Q 2023


Find out more

Central Eastern Europe Construction Market Report 4Q 2023


Find out more

UK Construction Market Report 4Q 2023


Find out more

Research team contacts


James Garner

SENIOR DIRECTOR, GLOBAL HEAD OF DATA AND INTELLIGENCE

Nicola Sharkey

PROJECT DIRECTOR, HEAD OF INTELLIGENCE, UK


Get in touch

Get in touch

Ned Chehalfi

RESEARCH MANAGER, INTELLIGENCE

Sam West

RESEARCH MANAGER, INTELLIGENCE

Edna Benavides

ASSOCIATE DIRECTOR, INTELLIGENCE MANAGER FOR EUROPE


Get in touch

Get in touch

Get in touch

Jayashree Srinivasaragavan

COST MANAGER, INDIA

Res Orgut

ASSOCIATE DIRECTOR, USA

Sherif Sweillam

DIRECTOR, HEAD OF BUSINESS OPERATIONS, EGYPT


Get in touch

Get in touch

Get in touch

Research team contacts


Nicola Sharkey

PROJECT DIRECTOR, HEAD OF INTELLIGENCE, UK


Get in touch

James Garner

SENIOR DIRECTOR, GLOBAL HEAD OF DATA AND INTELLIGENCE


Get in touch

Ned Chehalfi

RESEARCH MANAGER, INTELLIGENCE


Get in touch

Sam West

RESEARCH MANAGER, INTELLIGENCE


Get in touch

Edna Benavides

ASSOCIATE DIRECTOR, INTELLIGENCE MANAGER FOR EUROPE


Get in touch

Jayashree Srinivasaragavan

COST MANAGER, INDIA


Get in touch

Res Orgut

ASSOCIATE DIRECTOR, USA


Get in touch

Sherif Sweillam

DIRECTOR, HEAD OF BUSINESS OPERATIONS, EGYPT


Get in touch

We would love your feedback!


Take our survey

Legal disclaimer: This report was prepared by Gleeds and is for general information only. Neither Gleeds nor any of its partners, directors, employees or other persons acting on its behalf makes any warranty, express or implied nor assumes any liability with respect to the use of the information or methods contained in this report to any person or party. This document is subject to copyright and must not be reproduced.

← Country inflation forecasts and local market snapshots
CIOB
Investors In People
RICS