Markets

A Year of Growth

The U.S. engineering and construction industry is poised for continued growth, according to Deloitte’s 2023 Engineering and Construction Outlook.
By Rachel E. Pelovitz
January 31, 2023
Topics
Markets

The U.S. engineering and construction industry is poised for continued growth, according to Deloitte’s 2023 Engineering and Construction Outlook. Key takeaways include:

  • Industry segments will navigate market dynamics differently.
  • Supply-chain constraints pressure margins, with four in five survey respondents citing supply-chain disruptions as one of their company’s top three challenges in the next year.
  • Companies feel the pressure of a shifting workforce, with more than 82% of respondents identifying a tight labor market and an exiting workforce as top challenges.
  • Emerging technologies build efficiencies, with 46% of respondents likely to invest in prefabrication and modular construction capabilities.
  • There is an added focus on ESG (environmental, social and governance) and sustainability.
by Rachel E. Pelovitz

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