Engineering and construction CEOs are more optimistic this year than in previous years, according to PwC’s 2014 Global CEO Survey. Forty-one percent of respondents expect to grow over the next 12 months, up from 31% last year.
This and other big-picture facts are available in the survey, which provides multiple “snapshots” of the engineering and construction sectors, including growth markets, government impact on the industry, transformative global trends, and concerns about sustainability and climate trends.
Here are some of the snapshots we found the most interesting (read the full report):
- 50% of CEOs in the engineering and construction sector believe the global economy will improve over the next 12 months; 9% believe it will decline
- 78% of sector CEOs are concerned about how governments will respond to deficit and debt in the next year—this is the concern that the highest number of engineering and construction CEOs reported worrying about
- 76% of sector CEOs are worried about high and volatile raw material prices
- Concerns about infrastructure gaps are a consistent concern—47% of sector CEOs reported concerns that inadequacy of infrastructure could hurt growth, 50% think that infrastructure think it should be one of their government’s top 3 priorities, and 41% feel that the government is ineffective (as opposed to 33% who believe that the government is effective)
- The U.S. topped the list of growth markets, and the Middle East ranked much higher as growth markets for engineering and construction CEOs than for other sectors
- Cost reduction heads the list of restructuring activities
- 69% of sector CEOs believe that technological advances such as the digital economy, Big Data, and social media will be the biggest transformative trend for their businesses in the next year
- E&C CEOs are significantly more worried about the availability of key skills in their workforces than are other industries.
- 89% of E&C CEOs say it’s important for their company to try and reduce their environmental footprint.
- 59% of E&C CEOs believe that resource scarcity and climate change will transform their business
For more, read the full report.
Related Stories
Multifamily Housing | Dec 16, 2020
What the Biden Administration means for multifamily construction
What can the multifamily real estate sector expect from Biden and Company? At the risk of having egg, if not a whole omelet, on my face, let me take a shot.
Giants 400 | Dec 16, 2020
Download a PDF of all 2020 Giants 400 Rankings
This 70-page PDF features AEC firm rankings across 51 building sectors, disciplines, and specialty services.
Architects | Dec 14, 2020
2021 AIA Gold Medal awarded to Edward Mazria
The Gold Medal honors an individual whose significant body of work has had a lasting influence on the theory and practice of architecture.
Healthcare Facilities | Dec 10, 2020
The Weekly show: The future of medical office buildings, and virtual internship programs
This week on The Weekly show, BD+C editors spoke with leaders from SMRT Architects and Engineers and Stantec about the future of medical office buildings, and virtual internship programs
Multifamily Housing | Dec 4, 2020
The Weekly show: Designing multifamily housing for COVID-19, and trends in historic preservation and adaptive reuse
This week on The Weekly show, BD+C editors spoke with leaders from Page & Turnbull and Grimm + Parker Architects about designing multifamily housing for COVID-19, and trends in historic preservation and adaptive reuse
Giants 400 | Dec 3, 2020
2020 Science & Technology Facilities Giants: Top architecture, engineering, and construction firms in the S+T sector
HDR, Jacobs, and Turner head BD+C's rankings of the nation's largest science and technology (S+T) facilities sector architecture, engineering, and construction firms, as reported in the 2020 Giants 400 Report.
Giants 400 | Dec 3, 2020
2020 Laboratory Facilities Sector Giants: Top architecture, engineering, and construction firms in the U.S. laboratory facilities sector
Affiliated Engineers, HDR, and Skanska top BD+C's rankings of the nation's largest laboratory facilities sector architecture, engineering, and construction firms, as reported in the 2020 Giants 400 Report.
Giants 400 | Dec 3, 2020
2020 Industrial Sector Giants: Top architecture, engineering, and construction firms in the U.S. industrial buildings sector
Clayco, Jacobs, and Ware Malcomb top BD+C's rankings of the nation's largest industrial buildings sector architecture, engineering, and construction firms, as reported in the 2020 Giants 400 Report.
Giants 400 | Dec 3, 2020
2020 Convention Center Sector Giants: Top architecture, engineering, and construction firms in the U.S. convention center sector
AECOM, Gensler, and Jacobs head BD+C's rankings of the nation's largest convention center sector architecture, engineering, and construction firms, as reported in the 2020 Giants 400 Report.
Giants 400 | Dec 3, 2020
2020 Reconstruction Sector Giants: Top architecture, engineering, and construction firms in the U.S. building reconstruction and renovation sector
Gensler, Jacobs, and STO Building Group head BD+C's rankings of the nation's largest reconstruction sector architecture, engineering, and construction firms, as reported in the 2020 Giants 400 Report.