FMI Releases 2025 Engineering and Construction Industry Overview
- Editor
- Jan 30
- 2 min read
What's Happening: FMI Corporation has released its 2025 North American Engineering and Construction Industry Overview, projecting a 2% increase in engineering and construction spending for 2025 compared to 2024. The report highlights key trends shaping the built environment, including growth in data centers and manufacturing facilities, ongoing labor challenges, and increased adoption of digital tools.
The Key Moves:
Engineering and construction spending forecast to rise 2% in 2025 from 2024 levels.
Data centers remain a high-growth area, with private investment up 60% through Q3 2024 vs 2023.
Single-family residential construction expected to drive demand for institutional and nonbuilding segments.
By The Numbers :
Total U.S. engineering and construction spending ended 2024 up 6%, matching 2023's growth rate.
Top-performing segments in 2024 included public safety, manufacturing, and water supply, each growing over 15% from 2023.
Data center private investment increased 60% through Q3 2024 compared to 2023.
Key Quotes:
"As we look to the future, it's clear that understanding long-term trends is essential to shaping a strategy for success," said Chris Daum, CEO and president of FMI Corp.
"Whether it's improving operations, developing leaders, crafting a forward-thinking strategy or executing transformative transactions, staying ahead of the drivers reshaping the built environment is the key to thriving in a dynamic market."
No additional relevant quotes available in the source material.
The Bottom Line: FMI's 2025 outlook for the North American engineering and construction industry indicates continued growth, with a focus on high-performing segments like data centers and manufacturing. The report emphasizes the importance of understanding long-term trends and adapting to challenges such as labor shortages and the need for digital transformation to succeed in the evolving market.
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