Construction is a booming industry making billions of dollars. There is currently a construction boom, but it is starting to slow; however, it is not stagnant. Skilled workers are needed as there is a labor shortage More women and minorities are getting jobs in this industry and more new, innovative technologies are being used. A contractor gets paid well, works with many different people, in different environments, and gets to learn new things all the time.
For this article, we wanted to share even more statistics to show you the current state of the construction industry and where it’s headed in the future:
- In 2018, there was a 12% growth in the number of construction firms using Building Information Modeling (BIM) software.
- 39% of companies say a “lack of IT staff” is the most limiting factor in adopting new technology.
- 75% of construction firms promote themselves through social media.
- 96% of U.S. general contractors are moderately confident in commercial construction demand.
- 91% of off-site construction is prefabrication, followed by78% is modular construction.
- 86% of contractors are not effective or need improvement in prefabrication construction.
- 82% of contractors believe that BIM (Building Information Modeling) is the future of project information.
- 70% of contractors say BIM is still not sufficiently standardized across the industry.
- 90% of all global infrastructure projects are either over-budget or delayed.
- The average backlog of construction projects for a contractor is 9.3 months, which means the market is stable with room for growth.
- S. construction equipment rental sales are expected to reach $59 billion by 2021.
- Construction equipment is rented for an average of six days.
- 15% of equipment rentals are for individual construction projects.
- Equipment rental counts for 47% of industry revenue.
The construction industry is booming, making money left and right. Come be a part of it!
To be a contractor, you will need a contractor’s license to work legally in most states. We are a Florida contractor licensing company. We help contractors across the United States get their contractor license. We help you succeed.
We submit a completed contractor’s license application to the Construction Licensing Board on your behalf after getting information from you by phone or email. We will let you know what information we need from you and what else you need to do. We make the process easy and get you licensed fast. We know what the Board is looking for, so you won’t get rejected.
To get your contractor license, click our Florida contractor license page to learn more or call 239-777-1028 to get started with us.