6 months of 2016 have already gone by and the construction industry seems to be in an upbeat mood. So is 2016 touted to be a year of optimism for the construction industry? Dodge Data & Analytics predicted 6% growth for the construction industry in their construction outlook report. With a booming business being predicted by industry experts, here are a few trends that are causing an upward tick in the construction industry’s graph:
1. Offsite Construction – Call it modular or prefabricated or offsite, this alternative building method is increasingly getting popular, brick by brick. Saving time and cost during construction, offsite is upending conventional construction.
2. Green Buildings – In both commercial and residential spaces, the colour green will rule. Opine the experts at Greenbuild 2015 that this trend is due to environmental concern, high quality, people’s demand and reduction in utility bills. After all, these building do offer the sustainable energy efficient solutions to traditional methods. It also contributes to lifelong savings.
3. BIM or simply put digital models will be on the upswing with its ability to generate greater accuracy and more consistency in project documentation. According to a report from Transparency Market Research, the global BIM market will grow to $11.54 billion by 2022 (from @2.6 billion in 2014).
4. Laser Scanning – Construction is getting hi-tech. First, there was BIM. And now Laser Scanning. Getting digital reproductions of objects by 3D laser scanning and getting more and precise information is a not-to-miss addition this year.
5. Small Spaces – Micro apartments, with their less-space-more-amenities feature, are attracting the attention of residents. Plus, they offer more affordability in high-end areas. So here’s to dreaming small.
With these trends ruling the roost, the construction industry is surely hogging limelight this year.