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
- 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
Ask the analyst
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 (%)