In most industries, trends fade but make a comeback every few years. For instance, ripped jeans–a staple in the 80s–are now a fashion trend once again.
However, in the construction industry, you rarely see old approaches being recycled. And when you do, they are probably limited to designs. Companies always have to invest in building and construction research to try to innovate, not only to make sure they do not fall behind, but it also helps build a better foundation to sustain their future.
Construction is the prime mover of the US economy. For instance, in 2018, private construction activity was valued at $992 billion, with more than three million businesses employing nearly 10 million workers. However, by 2022, spending is projected to reach $1.53 trillion. The figure represents more than a quarter of the total US federal budget spending in 2019 at $4.45 trillion.
So, what are the trends you can expect for the construction industry in 2020?
1. Modular Buildings Continue to Gain Popularity
Modular construction refers to prefabricated units that are manufactured off-site. They will then be transported on-site to be constructed there. Most building and construction research studies point to the continued growth of the modular buildings industry. For instance, by 2023, the market is projected to reach $157 billion from the $112 billion in 2019. For a time, the market has been limited to single-story or two-story infrastructure. However, innovations have allowed companies to come up with multi-story buildings.
2. Robots and Drones
The construction industry is taking advantage of the innovations in robotics technology. For instance, they can use robots to demolish and level abandoned buildings, use 3D printing machines to fabricate parts, and also use machines to lay down bricks. They are ideal because they can perform repetitive tasks without suffering from output quality. They can also work long hours, and you can expect similar results every time. Also, they are now using drones to capture images and videos, map the job site, and examine thermal heat.
3. Exoskeletons
Although it is a reasonably new innovation, more and more job sites are expected to use exoskeletons. It is no longer the product of sci-fi movies. The technology is here, and workers are wearing them so that they could carry more load. According to AbI Research, from the $68 million in 2014, the industry would balloon to $1.8 billion by 2025. In 2019, around 6,000 of these suits were expected to be sold. By 2025, there would be 2.6 million exoskeletons that will be sold.
4. Construction software
The reliance on construction management software will continue this 2020. In recent years, companies have resorted to apps to improve workload scheduling, financial management, timekeeping, and project management. They can also use the software to conduct bidding, budgeting, and even as a customer relationship management tool. Some apps also allow companies to monitor the progress of the job site in real-time.
Those are the four trends to watch out for this 2020, and they will play a crucial role in the improvement of the industry. Of course, you can also expect sustainable construction, smart technology, AR/VR innovations to continue this year as the technology improves.
