进步的悖论

Foreword The global constructionindustry stands at a criticaljuncture. Demand continues to rise, yet organizations facepersistent pressures including resource and supply chainconstraints, geopolitical uncertainty, and the accelerating Encouragingly, optimism is rising. Seventy one percent ofrespondents express a positive outlook on the industry’sdirection, up from sixty six percent in 2023. However,uncertainty remains. Fragile supply chains, tighter regulation, LisaKelveyGlobal Head of Infrastructure,and TransportKPMG International Despite these challenges, significant progress is underway.Organizations are investing in their people, reimaginingdelivery models, and deploying technology more strategically.This report serves as both a diagnostic and a guide. It maps This moment demands a rethinking of traditional deliverymodels, a stronger embrace of digital innovation, andthe consistent integration of resilience into every project. Lisa Kelvey is the Global Head of Infrastructureand Transport at KPMG International and Headof Major Projects Advisory for KPMG in theUK. She provides KPMG clients with insightand international best practice in the planning, KPMG’s Global Construction Survey 2025/2026 capturesthis pivotal moment, drawing on insights from hundreds ofindustry leaders across regions and market segments. Thefindings show that productivity, sustainability, integration,and the adoption of advanced technologies including AI At KPMG, we are committed to supporting clients through thistransformation and helping them unlock value not only through On behalf of KPMG’s global network of professionals, thankyou to everyone who took the time to contribute to this Contents Empowering people forperformance Executivesummary The risk delta is widening for the construction industry The 2025/26 KPMG Global Construction Survey highlights the complex environment in which construction companies operate andthe inherent paradox leaders now confront. Despite robust demand driving optimism and growth across subsector and geographies,the industry is simultaneously navigating heightened uncertainty and intense pressures. A critical insight is the marked decline in This report marks the 15thedition of KPMG’s GlobalConstruction Survey (GCS).It is our most extensive to date,drawing insights from 375construction industry leadersacross the globe. Designed 71% 75% Water/utilities, green powergeneration and infrastructure arethe top three sectors expectedto of construction executivesexpress optimism aboutthe direction of the Source: KPMG Global Construction Survey 2025/2026 Supply chain vulnerabilities,a rapidly evolving regulatorylandscape and increasingsustainability requirements The imperative to transformis intensifying Construction industry executives increasingly recognize the urgent need for operational transformation to sustaingrowth amidst increasing uncertainty. One of the most striking findings this year is the widespread recognition that of executives sayworkforce is critical totheir strategic priorities Our survey indicates construction executives are focused on four key strategic priorities for sustained growth. Crucially,their strategic priorities align strongly with available operational levers, suggesting a clear path to resilient, adaptive growth. Key strategic priorities of construction executivesranktechnology ascritical to their strategicpriorities Operationalefficiency andprofitability Market expansionand client focus Technology andinnovation Productivity,profitability andefficient projectdelivery Expansion intonew geographiesand sectors,faster responseto evolving clientneeds Risk and resiliencemanagement Investments inadvanced dataand technologycapabilities,embracing newways of working Risk frameworkdevelopment,building robustsupply chains Integrating these levers will likelybe key to successful transformation To successfully achieve theirstrategic priorities in thisuncertain environment, our datasuggests that companies must Technology:Integrate technologyholistically to deliver efficiency, Delivery models:Align people, digital,sustainability and supply chains to drive People:Empower people with digitalskills and tools to boost productivity Fact:Eighty-two percent of respondentsplan to increase investment into training Fact:Fifty-one percent of investmentsare being allocated towards technology Fact:Respondents expect collaborativecontracting, supply chain digitization and Growthmeetscaution A risk delta emerges as optimism and riskaversion both rise Betting big on growthbut bracing forheadwinds The risk delta TheKPMG Global Construction Survey 2025/2026 Construction companies are operatingin a paradox of rising optimism andfalling risk appetite. This cautiousstance is driving tighter cost control, reveals a rise in industry optimism with71 percent ofrespondents saying they are confident about thesector’s direction, up from 66 percent in 2023. This renewed senti