John Hennessy III,
P.E.
At the conclusion of World War II, the U.S. began a period of substantial economic and population growth—increasing from 151 million people in 1950 to 326 million people in 20181 . The suburbs were created, urban sprawl increased, and U.S. car culture was born. Over time, these trends accelerated, car ownership increased, and the interstate was created. A whole new way of living emerged—but one significant downside was congestion.
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The auto industry stands on the brink of a revolution. By 2030, vehicle production will have split between mass-market, largely no-frills “cars on demand” that will be rented journey-by-journey and more customized vehicles for those who still want to drive, or be driven in, their own vehicle. A high level of automation will be needed to produce both types of vehicles, and every process will be affected. The pressure on the workforce will be severe. The industry workforce will be cut by at least 50 percent by 2030, and employees who remain will need very different skills. Automakers must become data managers and mobility service providers as well as vehicle assemblers.
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PricewaterhouseCoopers (PwC)
By 2025, annual investment in infrastructure across our sectors in the US should top $1trn, having grown by an average of just over 3.5% a year. But the US will likely have been long since left behind by China, where we expect annual spending will reach over three times this level. We estimate that the US’s share of global spending will likely decline gradually over the coming decade to just over a tenth of total global spending by 2025.
PricewaterhouseCoopers (PwC)
Infrastructure spending has begun to rebound from the global financial crisis and is expected to grow significantly over the coming decade. That is the main finding of Capital project and infrastructure spending: Outlook to 2025, our in-depth analysis of 49 countries that account for 90% of global economic output. Worldwide, infrastructure spending will grow from $4 trillion per year in 2012 to more than $9 trillion per year by 2025. Overall, close to $78 trillion is expected to be spent globally between 2014 and 2025. But the recovery will be uneven, with infrastructure spending in Western Europe not reaching pre-crisis levels until at least 2018. Meanwhile, emerging markets, unburdened by austerity or ailing banks, will see accelerated growth in infrastructure spending, especially China and other countries in Asia.
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