Several key factors have dramatically influenced the construction industry over the past years. These factors, namely, technological advancements, supply chain disruptions, and labor shortages have contributed to today’s fast-changing landscape.
Making up to 13% of global GDP, any changes in the construction industry are sure to drastically impact other sectors. Here are some upcoming innovations and technologies expected to change the face of construction in 2023 and the years to come.
New construction materials:
The use and innovation of new construction materials are one of the highly expected and sought-after construction industry trends of 2023. High inflation rates of the previous years have significantly spiked critical material costs. In response, key industry players have shifted to more cost-effective and dynamic alternatives. Engineered timber and cementitious compost are two prime examples.
Businesses are also progressively investing in recyclable materials and alternatives for a greener approach. This includes a focus on innovating materials like self-replicating concrete and self-mending biocement. These alternatives can significantly reduce CO2 emissions and have accelerated trends in living building materials.
Virtual design and visualization is a rapidly growing market in the construction industry. As one of the sector’s most significant adoptions of technology, virtual design software enables businesses to practice efficient building techniques. These software enable engineers to generate virtual models of structures before initiating construction.
This can benefit the industry and key players in several ways. It allows a detailed analysis enabling agents to reduce costs and accelerate construction schedules. Coupled with modular construction and prefabrication, the virtual construction market is expected to grow rapidly this year.
Modular construction and prefabrication:
Modular construction has been gaining popularity with a rise in the construction of smart cities. This type of construction typically involves building 60-90% of a structure off-site before bringing it to the construction site. Similarly, prefabrication refers to the assembling or manufacturing of different construction components.
The market for modular construction is expected to grow to $108.8 billion by 2025. As a growing trend, this is expected to help reduce construction costs, reduce waste, and increase worker safety. The practice is also expected to greatly benefit smart city projects in the coming years.
Drone technology has exponentially impacted industries, and the construction sector is no different. Construction is by far the highest-growing sector to have adopted aerial drone technology to reduce injuries and improve operations. Over the years, drones have helped businesses save substantial investments in construction projects.
It has also helped cut down over $160 billion in annual waste and has increased measurement accuracy by 61%. With its fast-growing adoption, drone technology is expected to grow further in 2023 and significantly contribute to reduced worksite accidents.
Robotics and tech solutions:
A range of tech solutions has taken over the construction industry. Innovations like 3D printing building materials, hard hats, and wearable safety equipment are only expected to grow and witness practical implementations in 2023. In addition to the rising popularity of the helmet revolution, there are other technological advancements to look out for.
Particularly in terms of the Internet of Things, wearable tracking technology can now combine data from GPS devices to measure site safety and collect critical data. Similarly, collision avoidance systems can safeguard equipment operators with proximity alerts and blind spot coverage. Construction robotics and automation are also expected to reach $359 million by 2031.
2023 and the upcoming years are expected to bring excellent opportunities and growth to the construction industry. With far-reaching developments in AI and augmented reality, it is only a matter of time before the construction industry also witnesses their practical application. Meanwhile, client-focused services drive the trends for effective results in the construction industry.