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GC Industry Report Webinar

industry report

We all want a crystal ball to predict what the future holds. PlanHub has got something even better. Last week we released our 2022 Construction Industry Report looking at aggregated data from 26,000 general contractors and 270,000 subcontractors. In addition, we conducted in-depth surveys in December with 465 general contractors to ask them questions about what they are experiencing in their businesses. To launch our report, PlanHub recently held a webinar with over 85% of PlanHub’s general contractors attending.

Key Highlights

Predicting growth. Despite the doom and gloom we often see in the media, our survey showed optimism about the outlook for 2023 — 82% of GCs expect to grow their businesses this year!

Key Takeaways

  • 82% of GCs surveyed expect to grow their businesses in 2023, which means more projects in the pipeline and more opportunities for you to get your products specified.
  • Transportation and civil infrastructure projects on PlanHub grew 290% between January 2021 and October 2022, so now is the time to position your products in front of decision-makers in those sectors.
  • With 91% of GCs planning to adopt new technologies in 2023, aligning yourself with platforms they already use gives you a direct line to the contractors driving project decisions.
  • GC optimism about business growth signals increased bidding activity ahead — use this momentum to expand your outreach and connect with more contractors before projects go out to bid.
  • Tapping into aggregated data from 26,000 GCs and 270,000 subcontractors gives you a sharper view of where the market is heading so you can focus your sales efforts where the real opportunities are.

 

More civil infrastructure projects. PlanHub saw a 290% increase in transportation and civil infrastructure projects posted on PlanHub between January 2021 and October 2022.

 

Role of technology. Technology is playing an increasingly important role in the industry – both general contractors and subcontractors are rapidly adopting technology tools like PlanHub to increase productivity – in fact 91% of GCs are planning to use or considering using new technologies in 2023.

 Find more jobs. Win more bids. Grow your business.

PlanHub is your simplified platform for preconstruction. Our cloud-based platform is powerful and easy – with exactly what you need to win. To find out all the ways that a PlanHub membership can help you be more competitive and grow your business, schedule a demo today.

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