Are you current with construction industry trends?

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As with most industries, the construction industry is always changing and evolving.  Having the knowledge of these changes will assist you in keeping ahead of the curve in understanding how to proceed going forward with your sales and marketing strategies.  These changes vary from technological advancements to sustainability and regardless of what the change may be, staying ahead of the curve will prepare you well for future opportunities.  As many of these trends create ease and efficiency in the construction industry, if you are not aware of them it will be hard to keep up with your competitors.  Here are a few trends that will be impacting the construction industry in the near future:

  • INTEGRATED TECHNOLOGY
    • The construction industry has had less technology integration then most other industries, and currently there is an emergence of drone technology and 3D printing that some companies are using.
    • There may be more self-driving vehicles and mobile applications available in the near future.
    • BIM or Building Information Modeling is used to help make collaboration easier by helping people stay in touch throughout the project
  • PREFAB AND MODULAR CONSTRUCTION
    • These trends have increased in the past year as they are both energy efficient and cost effective. The ease of design allows for a quick turn -around.  There is a limit to customization, however.
  • SUSTAINABILITY
    • Sustainability is something most industries are incorporating, and the construction industry is exploring more eco-friendly options.
  • SAFETY
    • As the construction industry suffers more workplace accidents and even fatalities than other industries, safety is a priority. Technology has helped with designing safer job sites, including mobile apps that make it easier for employees to follow safety procedures.
  • SOFTWARE
    • The construction industry has seen a rise in the availability of software programs that assist with planning a project, managing a project and running a job site. This helps define roles as all employees use the software.
  • GROWTH AND COSTS
    • The trend might see a slow – down in construction growth due to the rising cost of skilled labor and the increase in material costs.

Although the overall outlook for the construction industry is positive, it is important to embrace new technologies that create efficiency, buy in bulk to reduce costs, and create safer construction sites.

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