Siemens Predicts Rapid Uptick for the Construction Industry

June 25, 2024

Siemens, the worldwide technology company for systems and projects, has concluded research that predicts a boom in the future for the construction industry. While the industry has faced challenges in recent years, including supply chain disruptions and inflationary pressures, several indicators suggest a more positive outlook is on the horizon. The Building Cost Information Service (BICS) has now predicted over the next five years, total new work output is forecast to grow by 21%.

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