Construction: Top Five Trends for 2019 and Beyond

  • ID: 4616184
  • Report
  • 24 pages
  • MarketLine
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Construction: Top Five Trends for 2019 and Beyond

Summary

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 Highlights
  • 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
Scope
  • Examines changes in modular construction
  • Assesses the future of 3D printing
  • Looks at the impact of rising costs
  • Looks at the future of Building Information Modelling
  • Assesses environmental challenges in the industry
Reasons to buy
  • Will modular housing be a commercial success?
  • Can 3D printing be a viable construction technique?
  • What is the impact of rising costs?
  • What will the effect of BIM be on construction?
  • How will the industry react to environmental challenges?
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Overview
Catalyst
Summary
Modular construction is benefiting from need for cost-effective buildings
Business case for expanding use of modular construction is driving interest
Japan shows how to make prefabricated housing work - leading players must take note
On-site factory construction could be next step in modular building efficiency
3D printing is entering new development stage, changing construction forever
3D printing concrete represents glimpse into rapidly approaching future of construction
Capacity to print windows signals movement of manufacturing on-site
NASA competition will help push forward innovation in 3D printing
Developments in 3D printing enable limits on scale to be lifted, opening opportunities in architecture
Rising cost of construction is squeezing margins across industry
Squeezed margins are increasingly becoming a feature of construction companies
Tariffs will make construction more expensive, potentially creating a long-term trend for price hikes
Short-term material shortages are compounded by continuing skills gap
Building Information Modelling 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
Despite possessing a fast growing construction industry, India is failing to adopt BIM
Construction is adapting to environmental challenges
New material technology is drawing closer to commercial relevancy
Next generation materials will transform concrete production by introducing cutting-edge technology
Affordable green homes for large populations are becoming a reality, creating demand for old-fashioned materials
Conclusions
Construction industry is entering a challenging period of significant change
Appendix
Sources
Further Reading
Ask the analyst
About the Author
Disclaimer

List of Figures
Figure 1: 461 Dean, New York
Figure 2: Sekisui House, Shizuoka plant
Figure 3: Type of Construction Method of New Single-Family Houses Completed, US (thousands) 2000-2017
Figure 5: 3D Printhuset, BOD2 construction 3D printer
Figure 6: NASA 3D printing automation competition
Figure 7: Balfour Beatty, net profit/loss (£m) 2010-2017
Figure 8: Percentage price growth of cement in the United States
Figure 9: FMB survey, percentage of UK construction companies experiencing difficulty hiring staff, Q2 2018
Figure 10: BIM (Building information modeling) example
Figure 11: CarbonCure Technologies flow chart
Figure 12: CarbonCure Technologies flow chart
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