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?
- Explores the latest developments in construction
- Looks at the impact of prefabricated building
- Assesses the influence of new technology
- Analyses the impact of consolidation
Reasons to buy
- 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.
Table of Contents
Prefabricated buildings are gaining in sophistication and popularity 6
Despite initial problems, prefab high-rise buildings are changing how construction is thought about 6
Modular construction broadens horizons to include designer homes 7
Japan shows how to make prefabricated housing work leading players must take note 8
Technology is changing construction methods leading players must keep up 9
3D printing has found a home in changing how construction projects are managed 9
Developments in 3D printing enable limits on scale to be lifted, opening up opportunities in architecture 10
Robotic technology is changing construction industry, solving labor shortages 10
Building Information Modeling is changing how buildings are planned 12
Government regulations make BIM essential practice for construction companies 12
Importance of BIM is growing across construction industry, but some areas are slow in adopting 13
Long fragmented, construction could soon consolidate further 14
Productivity is suffering in developed countries market conditions could help consolidation reverse trend 14
Chinese money enters international market, causing consolidation 15
Green buidlings: A growing global construction trend 17
New material technology must be kept in mind by leading players to avoid being overtaken 17
Affordable green homes for large populations are becoming a reality, creating demand for old-fashioned materials 18
Construction industry under pressure from governments to cut carbon emissions 18
Prefabricated buildings are becoming increasingly relevant in modern construction companies need to adapt 20
Investing in new technology will provide substantial gains in efficiency, costs and speed 20
Harnessing Building Information Modeling is of growing importance 20
Consolidation would benefit construction industry by taking advantage of economies of scale 20
Mastering use of green materials will help drive to reduce environmental impact of construction 20
Further Reading 22
Ask the analyst 23
About MarketLine 23
List of Figures
Figure 1: 461 Dean, New York 6
Figure 2: Revolution Precrafted 7
Figure 3: FreeFAB, Laing ORourke 9
Figure 4: SAM (Semi-Automated Mason) 11
Figure 5: BIM (Building information modeling) example 12
Figure 6: Balfour Beatty net profit/loss (m) 2010-2016 15
Figure 7: Global construction industry by product type (%) 17
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