The growing concept of Industry 5.0 (IR 5.0) has enhanced the study horizon of the technology-centered Industry 4.0 (IR 4.0) to an intelligent and balanced socioeconomic change powered mutually by people and technologies. The role of humans in the technological revolution is largely focused on IR 5.0, which is already a future trend. IR 4.0�s cyber�physical systems revolution has evolved into IR 5.0, or in other words, from machine-to-machine integration to human-to-machine integration, which is radically altering how people live, work, and interact with one another. Therefore, the current study aims to comprehensively review transformation through industrial revolutions and provide a way forward in the construction industry with the incorporation of IR 5.0. This study has used a narrative-based research methodology in which multiple databases such as Scopus, Web of Sciences, Google Scholar, and Science Direct have been utilized for extracting articles related to the subject area of the current study. Moreover, through narrative-based methodology, which is a generic-based review technique, the information gathered from multiple sources has been summarized and synthesized. The findings of the review indicate that resilience, human-centricity, economic efficiency, and sustainable development are the key characteristics of IR 5.0. Moreover, the adoption of IR 5.0 in the construction industry also faces some major challenges such as a shortage of IR 5.0-related technical skills, investment-hesitancy among investors, security, and cultural concerns for human-to-machine integration, and an unavailability of data for effective decision-making for governments and stakeholders. The study results also highlight that with selective technology adoption, project teams embracing IR 5.0 for improved collaboration and coordination, more environmentally friendly technology adoption through human-to-machine collaboration, and stakeholders leveraging the power of human knowledge and innovative proficiency through machines, reforms can be brought into the construction industry through the incorporation of IR 5.0. It is also important to keep in mind that adopting IR 4.0 is still difficult in some areas and it may seem like achieving IR 5.0 will require years of effort and significant cultural change; however, it needs to be considered right away. The effects of disruptive technologies on Industry 4.0 are covered in several studies; however, IR 5.0 is a novel idea that is still in its early stages, thus its consequences have not been well examined in the construction industry. Therefore, the current study has expanded the body of knowledge on this important subject in detail and has comprehensively explained the transformation by providing a way forward for the adoption of IR 5.0 in the construction industry. © 2023 by the authors.