Construction is constantly evolving, with new processes and innovations regularly being introduced. New advancements are opening a lot of opportunities in this huge market. So what are the most current trends in the construction industry?
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Here Are Some Construction Industry Trends You Should Know
The Virtual Construction Market Sees Rapid Growth
The construction industry is increasingly adopting a variety of new technologies. Many of these technologies involve virtual design and visualization. They range from Building Information Modeling (BIM) to Construction Management Software.
- The global construction management software industry is currently estimated to be worth $9.3 billion.
Prefabrication and Modular Construction Change How Structures Are Built
Modular construction typically involves constructing at least 60-90% of a building or other structure before bringing it to the construction site.
- The global modular construction market was worth about $82.3 billion as of 2020. It is expected to grow to $108.8 billion by 2025.
Smart Cities Change the Way Construction Companies Operate
One of the biggest trends affecting the construction industry is the rise of smart cities. A smart city is a city that is fully integrated with the internet of things (IoT). The infrastructure and buildings all assist in collecting data to help everything run more efficiently.
3D Printing Use Increases
The construction 3D printing market is growing at an incredible rate. Reports show a CAGR of 100.7% through 2030. In addition, technology is advancing so fast that plumbing and electrical fixtures can also be integrated into the building via 3D printing.
The Construction Industry Benefits Heavily from Drone Technology
Once thought of as novelty items, drones are now responsible for huge cost savings on major construction projects. It’s estimated that drone usage has significantly reduced the annual $160 billion in waste on construction sites.
- Using drones to measure stockpiles of building materials in real time has resulted in a 61% increase in measurement accuracy.
How do these trends relate to construction education?
Technology has revolutionized every aspect of our lives, and education is no exception–it’s revolutionizing the traditional teaching and learning process. Technology has not only changed education but construction as well.
Technology provides students with easy-to-access information, accelerated learning, and opportunities to practice what they learn.
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*All images courtesy of BASE4
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