In what has been a historically slow adapting industry, we are beginning to see some evolving trends to traditional construction. Below is a list of trends to keep an eye out for in 2019 and beyond:
- Modular Construction: The modular construction market is projected to grow at a compound annual growth rate of 6.9% from $112.4 Billion today to $157 Billion in 2023. This large growth is being driven by the reduced skilled labor force.
- Technology assisting human workers: There are subcontractor’s that are beginning to utilize robotics in assisting and working alongside their human workforce, whether it be tying lifting items, increasing productivity, etc. Those utilizing robotics believe they are reducing the physical strain on workers allowing them to prolong their working careers, as well as, reducing the repetitiveness/redundancy allowing workers to do more meaningful work.
- Design-Build’s Growing Popularity: FMI is predicting spending on design-build to increase around 18% in the... Read More >