The construction industry is experiencing change. Prefabrication, new technology, robotics, green buildings and consolidation are trends leading companies must stay ahead of in the near future to be prosperous.
Having been accused of being reticent to change, construction is now ripe for development. Leading companies will increasingly use technology to improve the efficiency of operations, enabling them to create more with the same resources.
Construction firms will also have to adapt to changing government policies which are geared towards sustainability. Trends are changing the shape of the industry and companies must adapt to keep up.
- The advantages of modular construction have been known about for a long time. Now the business case for widespread use of the building method is nearing the point at which prefabricated buildings have a bright future.
- Printing concrete on building sites is not a new idea, but it is one that is now moving towards becoming a commercial reality, potentially transforming modern day construction sites.
- Margins for construction firms are experiencing financial trouble because of price escalation for essential materials, exerting pressure on construction companies to find better means of controlling costs and making savings where possible