Industry Landscape
The AEC industry is experiencing significant growth driven by infrastructure spending, urbanization, and demand for sustainable and smart buildings. Digital transformation, including BIM and generative design, is reshaping practices, increasing efficiency, and enabling more complex projects. Supply chain issues and skilled labor shortages remain key challenges, alongside a focus on resilient design for climate change.
Total Assets Under Management (AUM)
Construction Spending in United States
~Approximately 2.0 trillion USD (2023, seasonally adjusted annual rate for total construction spending)
(4.1% (2023 vs. 2022) CAGR)
- Residential spending: strong growth in single-family.
- Non-residential spending: driven by manufacturing and infrastructure.
- Public spending: significant growth due to federal investments.
Total Addressable Market
1.3 trillion USD