Construction is among the biggest markets in the world, both in terms of its value and the impact it has in our lives. The buildings that we live and work in are all a result of the output of the construction industry. However, the turbulence caused by the pandemic is undeniable, not just in the construction industry, but for the entire world. While 2020 was a tough year for construction in many ways, this year, with a few adjustments, the industry is sure to regain its growth.
The virus outbreak forced us to change the way we work and allowed limited interaction, and the precautionary measures made many processes slower. The industry already faces challenges to innovate new ideas due to labor shortages and rising construction costs. Additionally, the pandemic has affected how the industry operates. Whether it is scheduling projects or hiring workers, all aspects of how construction businesses work have been affected.
These circumstances make it necessary to constantly be aware of what’s happening on site so that we can foresee any possible mistakes and prevent further loss of time. Modern technology continues to improve the jobsites, making it possible for projects to be completed in due time and increasing profit margins. Even though the industry is undergoing transformation, construction is still burdened with excessive costs and time overruns. The latest trends accompanied with the digital transformation seem to be paving the way for smoother and more data-driven operations.
Trends to Look Out For In 2021
As the market shifts and the industry becomes more and more competitive, it is essential to always be on the lookout for the latest trends and adopt the ones that prove to be valuable for your construction agency.
Wearable technology is making its way to the worksite with work boots that can connect to Wi-Fi and alert others on the off chance that an individual has fallen. The industry is additionally seeing a rise of equipment that has the ability to distinguish common security issues and can dispose of those dangers one at a time.
Equipment loss and individual security is the greatest liability in development. Drones can be used for dangerous jobs that put human life at risk, such as jobs that involve scaling tall structures. Besides that, drones are used for mapping large areas by creating aerial heat maps and thermal images. As on-site security devices, drones can be utilized to decrease labor costs and minimize the chance of robbery; keeping construction plans on schedule. Other advanced uses of drones include monitoring used heavy construction equipment for any signs of depreciation and incorporating artificial intelligence.
Building Information Modeling (BIM)
BIM permits clients to produce computer renderings of buildings and utilities. Being able to oversee these models and share information with ease can help empower prefabricated construction of parts, which would result in on-time and exact completion.
Construction Specific Tools
It is established that whenever you are looking forused construction tools for sale, you don’t just buy generic tools but the specific ones that your project needs. Similarly, when you are managing a construction project, it’s important to find digital solutions that are specifically designed for construction. More and more industry professionals are realizing that in order to keep up with the competition they have to look for digital solutions that are tailored for construction.
Green construction is expected to grow as the energy market share increases. Considering that buildings are responsible for 30% of greenhouse gas emissions in the U.S and are consumers of 40% of the energy, it leaves a huge market for G.C. Green construction provides technology that can lower the carbon footprint left behind by buildings and can help lessen the use of vital resources. The fact that green construction is valuable not just for the environment but also for the occupants of the buildings adds to its driving force.
Smart cities are interconnected and intricately built to be sustainable. Huge companies like Microsoft, IBM, and Cisco are actively investing in such megaprojects. In 2020, the worldwide intelligent infrastructure construction crossed 120 billion dollars, and it is expected to continue to increase.
Augmented Reality (AR)
Augmented reality for builders and developers provides the use of wearable technology. It enables 3D visualization of upcoming projects, allows automated measurements of buildings, creates simulations of structural changes, and predicts possible hazards which would be useful in safety training.
The global construction market is continuously changing. Things like labor shortages and increased prices will surely continue in the upcoming decade, and with climate change, the workplace scrutiny might end up becoming stricter. In order to remain competitive in the industry, it is important to adapt to newer technology and invest in new and innovative projects so that there is more of a chance of profitability. In 2021, the economy is expected to recover from the pandemic and refocus on development and growth.