Portwest Construction Magazine

A WARM WELCOME

INTRODUCTION

At Portwest, we take immense pride in our commitment to supporting the construction industry. For over 120 years, we have stood as a reliable partner for professionals, offering premium safety solutions, cutting-edge workwear, and an unwavering dedication to quality. The construction industry is a dynamic canvas, constantly shifting and adapting to the needs of society, the environment, and technological advances. It is an industry that both shapes and reflects the world we live in, and we are thrilled to share with you the snapshots of this ever-changing landscape.

The global residential construction market is expected to grow to 9.72 trillion by 2032, with a 4.8% annual growth rate. The construction industry is responsible for 40% of global CO 2 emissions , but retrofitting buildings with sustainable features can reduce costs and environmental impacts. Technology adoption in construction is increasing, with investments in digital tech, drones, and AR/ VR. The construction robot market is projected to reach €4.46 billion by 2032, with a 14.80% CAGR. Top most expensive cities worldwide for construction include: Geneva, London, New York City, San Francisco, Munich and Zurich. Key Construction Facts:

OUR MISSION IS CLEAR: To empower those in construction – the engineers, architects, labourers, and all those who work day in and day out to build the future.

Facts supplied from upmetrics.co/blog/ construction-industry-statistics

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