According to PRNewswire, the global construction industry is projected to grow from US$7.4 trillion in 2010 to US$10.3 trillion in 2020 (when measured at constant US prices).
The positive and promising state of the construction industry for this 2018 can be mainly thanks to the recovery of the economy of the US but there are also a lot of factors that contribute to this development. The force of technology and the fact that labor force is becoming more quality focused, are other main contributors.
So there’s a lot to see this 2018 in the construction industry, which excites us a lot here at DDC Group Inc. Here are 5 top emerging trends for this just starting year:
1) Project Management Software
Big data tech is being introduced in construction. in 2018, you will see a high usage of Project Management Software. In the past year, construction managers already started seeing the benefits behind real-time project management software, and we are sure to see more this year.
2) VR and AR
Augmented reality and Virtual reality are two emerging tools coming up stronger this year in construction.
These tools are not limited to design and architecture. In construction, they can be effectively used to provide safety training to workers. VR also enables easy communication and collaboration on site.
One example of how virtual reality can help the construction industry is the Daqri Helmet. Check them out in this video:
Drones are more and more popular in the construction industry. From gathering data of a construction site, reporting the changes and updates of the project to clients, to monitoring and inspecting job sites, all that and more are the advantages of drones in construction.
Also, through drones construction managers are able to get the job done faster and with less money.
According to a study by Jdsupra, the worldwide market value of the drone industry will rise from $2 billion to $10 billion in 10 years.
4) Green Construction
Managers and contractors have already started focusing on green construction. Why? Green construction reduces waste and the use of resources, allows to have a healthier living environment for people and has a less damaging impact on the planet. Find more about the benefits of green construction here: http://www.worldgbc.org/benefits-green-buildings
4) Improved Labor
Construction will need knowledge workers and people with skills to create, operate and implement new technologies on and off-site. The selection criteria for labor will focus on intelligent workers.
In summary, there’s a lot of new exciting tools and trends coming top this 2018 in the construction industry. Here at DDC Group, we are really excited to see what’s next and we look forward to starting implementing all these new tools throughout the years.