The study is going to highlight the nature and current trends residing inside the construction industry. Building planning, utilization of technological components, managing workflow are part of construction improvement. ERP and CRM systems are also associated within the construction industry that enables better use of data resources. There are several project management software incorporated within the construction industry. As a part of the revolution, the construction industry is identifying revolutionary services the integration of artificial intelligence can be explained. Construction industry trends include supply chain disruptions, labor shortages, and inflation. During the global pandemic situation, all industries have faced losses and hence it needs innovative concepts to be indulged to get adequate market solutions.
The nature of the construction industry is divided into three major trends that are general contractors, building residential and industrial training. Building sewers, roads, and bridges, and different tunnel projects are part of high-end construction operations. An approximately three percent hit is going to be observed in 2021 in this industry after the pandemic. In modern methods of construction, off-site construction techniques are focused to generate maximum profit. Mass production and safety assembly have been described in a way of producing better quality homes in less time (Song et al. 2017).
Building materials and product engagement are highly-priced and the organizers are thinking of a process to manage all these items at a lesser cost. Construction buildings are ambitious and rigidly organized and they are called type A buildings. Sensitive, proactive, and components are concerned with time management and are introduced as type A buildings. Construction market segmentation is accountable for managing the work effectively and delivering the components on time (Tay et al. 2017). Type-B buildings have exterior walls and structural frames that are resisting fire for two hours. Now, this is one of the improved trends of the construction process and it also becomes a challenge ahead to design such an element and have in-depth knowledge of the construction components.
Construction industries are having the biggest challenges that are found out to be project delays, shortages of the skilled labor force and workers. 5 major threats identified in the current context are:
Poor productivity: Insufficient supply of shipments causes idle time that reduces productivity. This might occur from vehicles breaking down and design complications arising midway through construction. Friction between stakeholders is part of the production issues.
The material cost raises: It is higher than imagination as it brings about a 5.3% increase in one time (Tay et al. 2017).
Poor project management: Poor project management skills are linked with going over budget and exceeding budgets on the construction. Deadlines are not met and project underperformance is observed to be failing on time.
Sustainability and efficacy issues: Sustainable components often lag in innovation and frequency inclement weather and system issues generate a threat for the laborers to work effectively.
Labor shortage: During the pandemic over 2 million people had lost their jobs and an economic downturn was observed that became a major reason behind employment threats and recession.
Technological changes are applied within the construction industry to ensure that competency is achieved. Cyber risks have been largely associated with the construction industry which is successfully overcome by constructive people. The improvements include the construction of fire-resistive, non-combustible, and wood-framed methodology usage. Technology uses are identified to be maximizing profits (Roif, and Woods, 2021). There exist heavy timbers that are sourced authentically and incorporated within construction. Construction technology which is to be looked upon in 2020, is identified as:
Augmented reality or AR: It is identified as a digital information layer that enhances the view of the world. Uses of mobile devices are observed with AR capabilities. Construction professionals can directly manage the information by using the technology. Using just tablets the building plans can be displayed upon a smooth surface. Minimizing the need for a conference room is done via this process. Huge implications of construction are associated with automating measurements, visualizing modifications, and providing safety information. The process is expected to automate measurement by measuring a physical space in real-time. Some potential changes can be foreseen and taken into action by layering potential modifications onto the site. Real-time safety information is provided to the workers.
Construction wearables: These wearables allow productive benefits and rapid success in adopting a potential change to manage any kind of mishap. Construction has always been the riskiest industry to work with. Accidents occurring like falling from a height or being hurt by sharp objects have been observed earlier (Lovrencic Butkovic, and Mihic, 2019). Now, with an implementation of technology smart gloves come into the picture that allows workers' hands to be protected and increase dexterity. It is also identified to be improving strength and reducing overuse injuries. Smart boots are observed to be detecting the risk of collision within any nearby construction vehicle that is equipped with sensors. Detection of microsleeps is possible with sensing brainwaves. This technology of smart hard hats can be used for managing threats and saving lives.
Construction robots: Construction robots are often observed to be providing extra support and power components to manage work like bending, lifting, and grabbing. Reduction of injuries has been observed as a part of using robots. Now it also focuses on redistributing weight and performing tough jobs.
AI integration and 3D painting: Uses of AI decrease cost overhead and analyzes which of the costs are consisting of loss. The software can analyze job sites and identify risks and safety violations. AI designs can be improvised in a better form and software analysis will identify inefficiencies within the project to manage them effectively (Khan, and Jain, 2017). In 3D painting, layer-after-layer construction is created using machines. It is also not only limited to flat documents, there are a variety of objects which are used as an alternative to creating an entire structure. Right now the process is only limited to large projects where efficient material usages are aligned and waste is reduced.
Modular construction and machine learning: Better design has been explored as the alternative building method is constructed off-site and assembled by cranes. Lowering emissions and decreased construction wastage are additional benefits of this process. Modular construction includes the usage of drones that allows topographic maps to manage construction. Equipment tracking and reducing mapping cost by 95% works on security surveillance so that human beings can work safely (He et al. 2021). Moreover, the uses of exoskeletons are an important innovation that manages injuries within construction people and redistributes working conditions while performing tough jobs.
BIM technology: Building information modeling before, after, and during construction is one of the latest technologies to fall for. The BIM is also making each associated personnel process the change and eliminate risks. Determining logistics and increasing efficiency is working with construction revolutionaries and promoting worker safety.
Blockchain: The blockchain is applicable within the construction industry as it helps in gathering all data in one place and ensures that the project is encrypted. Proprietary information stays protected and the information is not only stored in a single location, there is decentralization encouraged. It remains accessible from anywhere. There is an omission of massive data warehouses seen. Blockchain ensures the scaling of large-scale projects.
Uses of robots are hence observed to be saving time and working as a safety replacement where human beings cannot work appropriately (Guerra et al. 2021). Established players are found to be gaining new competition and earning resources by securing a competitive market position. Small scale businesses are facing trouble matching the standardized pricing and pace of the competitors. Material costs raised between the years 2017-2021 are as high as 5.3%. Now the technology uses and adequate calculations on project factors are found out to be accompanying skilled labor shortage and calculating any potential material wastage.
Self-mending concrete is going to be utilized as a part of construction improvement. It is an effective strategy besides technology to improve construction and create promising aspects for laborers (Deepak, and Mahesh, 2019). Replacing technologies like AutoCAD by VDC or virtual design and construction helps in the management of components and coordination issues. Work discontinuity and disruptions manage payment disputes and bankruptcies. Moreover. Supply chain innovation is observed as a part of emphasizing escalation clauses to cover different costs that are unforeseen.
The study has highlighted different aspects of the construction project and its current trends. A significant growth objective is applicable within financial development in the market and understanding the scope of work. There should be the completion of project documents and meeting project needs. The variable learning is associated with construction industry management and defining new standards of development. 82% of the firms find it difficult to encourage qualified workers in 2018. Hence, several technical aspects are introduced and applied. Uses of robots and different technical equipment help in overall engagement of construction in the current era of digitalization.
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Guerra, B.C., Shahi, S., Mollaei, A., Skaf, N., Weber, O., Leite, F. and Haas, C., 2021. Circular economy applications in the construction industry: A global scan of trends and opportunities. Journal of Cleaner Production, 324, p.129125.
He, Q., Li, J., Wan, J., Zhang, Z. and Chen, Z., 2020. The passing fads and emergent trends of project culture in construction industry. Advances in Civil Engineering, 2020.
Khan, H. and Jain, K., 2017. Study on the Trends & Usage of Prefabrication and Modularization: Increasing Productivity in the Construction Industry. International Journal of Civil Engineering Research, 8(2), pp.81-89.
Lovrencic Butkovic, L. and Mihic, M., 2019. Analysis of internationalization trends in the construction industry with an overview on Croatian construction companies. Organization, technology & management in construction: an international journal, 11(1), pp.1975-1983.
Roif, E.E. and Woods, A., 2021. to Understanding Recent Trends and Laws Intersecting the Construction Industry. CONSTRUCTION LAWYER, 41(1).
Song, Y., Wang, X., Tan, Y., Wu, P., Sutrisna, M., Cheng, J.C. and Hampson, K., 2017. Trends and opportunities of BIM-GIS integration in the architecture, engineering and construction industry: a review from a spatio-temporal statistical perspective. ISPRS International Journal of Geo-Information, 6(12), p.397.
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