Construction - Top Five Trends for 2018 and Beyond
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.
Key Questions Answered
- What role is prefabricated building having on the market?
- How will robotics change the building site?
- What role will consolidation have?
- Will ‘green’ housing have an impact on construction?
- How will advances in technology change how projects are created?
Reasons to buy
- Explores the latest developments in construction
- Looks at the impact of prefabricated building
- Assesses the influence of new technology
- Analyses the impact of consolidation
- 3D printing is one technology which is changing how construction companies create components. Complex shapes can be molded much faster and at much less expense than ever before, enabling firms to do more with less.
- Consolidation will become a growing trend in the construction industry. Money from China entering the international market means smaller players must consolidate to compete against larger rivals.
- Prefabricated housing is growing in popularity and is increasingly a section of the industry construction companies need to be players in. The scale of building, speed of construction and degree of complication is rising, forcing leading companies to adapt to a changing technological landscape.
- Prefabricated buildings are gaining in sophistication and popularity
- Despite initial problems, prefab high-rise buildings are changing how construction is thought about
- Modular construction broadens horizons to include designer homes
- Japan shows how to make prefabricated housing work – leading players must take note
- Technology is changing construction methods – leading players must keep up
- 3D printing has found a home in changing how construction projects are managed
- Developments in 3D printing enable limits on scale to be lifted, opening up opportunities in architecture
- Robotic technology is changing construction industry, solving labor shortages
- Building Information Modeling is changing how buildings are planned
- Government regulations make BIM essential practice for construction companies
- Importance of BIM is growing across construction industry, but some areas are slow in adopting
- Long fragmented, construction could soon consolidate further
- Productivity is suffering in developed countries – market conditions could help consolidation reverse trend
- Chinese money enters international market, causing consolidation
- Green buidlings: A growing global construction trend
- New material technology must be kept in mind by leading players to avoid being overtaken
- Affordable green homes for large populations are becoming a reality, creating demand for old-fashioned materials
- Construction industry under pressure from governments to cut carbon emissions
- Prefabricated buildings are becoming increasingly relevant in modern construction – companies need to adapt
- Investing in new technology will provide substantial gains in efficiency, costs and speed
- Harnessing Building Information Modeling is of growing importance
- Consolidation would benefit construction industry by taking advantage of economies of scale
- Mastering use of ‘green’ materials will help drive to reduce environmental impact of construction
- Further Reading
- Ask the analyst
- About MarketLine
- List of Figures
- Figure 1: 461 Dean, New York
- Figure 2: Revolution Precrafted
- Figure 3: FreeFAB, Laing O’Rourke
- Figure 4: SAM (Semi-Automated Mason)
- Figure 5: BIM (Building information modeling) example
- Figure 6: Balfour Beatty net profit/loss (£m) 2010-2016
- Figure 7: Global construction industry by product type (%)