Trends Shaping the Construction Industry into the Future

The construction industry is one that is always evolving, with new technologies and methods popping up all the time. This can make it tough to keep track of the latest trends and changes in the industry. But that’s what we’re here for!

In this post, we’ll take a look at five trends that are shaping the future of construction. So whether you’re a contractor, designer, homeowner or just someone interested in the industry, read on for some inspiration!

1. Upskilling, training and skills shortages

There is a continuing need for upskilling, training and better skills in the construction industry. The sector has faced a skills shortage for many years now, and this is only going to get worse unless something is done about it. By upskilling the workforce, we can help to fill these gaps and make the construction industry more productive.

What are these skills?

According to the Construction, Plumbing and Services IRC’s Skills Forecast the top generic skills required for the construction industry include:

• Language, literacy and numeracy (LLN)
• Learning agility/information literacy/intellectual autonomy and self-management
• Design mindset/thinking critically/system thinking/solving problems
• Communication/virtual collaboration/social intelligence
• Technology

The construction industry is always in need of qualified professionals with the right skills. So, it is important to include upskilling and training in the construction industry’s game plan for improvement.

2. Green Building Practices

Did you know that the construction industry is one of the biggest contributors to climate change in Australia? In fact, it’s estimated that the sector is responsible for around 30% of greenhouse gas emissions. This is why it’s so important for the construction industry to start implementing green building practices. Luckily, there are many ways to do this, and organisations like Green Building Council of Australia (GBCA) are working hard to promote sustainable construction methods.

In a recent report of the World Green Building Council, green buildings achieving the Green Star certification in Australia have been shown to produce 62% fewer greenhouse gas emissions than average Australian buildings, and 51% less potable water than if they had been built to meet minimum industry requirements.

In its most basic form, this policy will help the environment by cutting back on utility bills for tenants and households. It can also lead to financial benefits including cost savings from energy efficiency in homes or businesses; lower construction costs when constructing new buildings (and thus increasing their value), plus job creation as well.

3. Increasing costs and supply chain issues

The construction industry in Australia is seeing a sharp increase in costs, with many attributing this to the country’s strong economy. But some experts say that the real issue lies in the supply chain, which has not been able to keep up with demand. This is causing delays and higher prices for construction projects all over the country. Unfortunately, there does not seem to be an easy solution to this problem.

Lindsay Compte from “Australian Industry Group”has this to say:

“The supply chain for construction is complex and strongly interrelated, encompassing manufacturing (materials, equipment components), services (engineering, design, surveying, consulting, lease management) and traditional construction trades.”

Construction businesses should prepare for the unexpected by taking measures such as preparing a cushion of cash flow. This can be done in different ways, from building up reserves or seeking funding through lines of credit that allow them to operate during periods with low construction spending. The key takeaway here is not just how construction companies must deal with fluctuations but also what they do when times get rough.

4. Productivity management

If you’re in the construction industry in Australia, then you know that productivity is key. But with so many distractions and temptations out there, it can be hard to stay focused. Here are some tips to help you stay productive!

Here are some tips:

1. Understand the different stages of construction
2. Plan and schedule your work accordingly
3. Use the right tools and equipment for the job
4. Stay organized and keep track of your progress
5. Take regular breaks to stay alert and focused
6. Delegate tasks where necessary

In any industry, productivity is key to success. So it is highly important to stay competitive and maintain profitability for you to stay on top of the game.

5. More Use of Technology

It’s hardly a secret that the world is increasingly moving towards a more technology-driven future. And as we’ve seen in so many other industries, when it comes to construction, too, there’s enormous potential for technological advancement to make the whole process smoother, faster and more accurate.

How will this help the building and construction industry in Australia?

In the words of Global Strategic Business Development Director, Prashanth Mysore:

“Our experience says that 80-85 per cent of project challenges occur in the execution/construction side, compared to 10-15 per cent during planning, so there is an opportunity for construction companies to take advantage of the benefits of emerging technologies like smart construction.”

“It is expected there will be a wider use of technology in construction and construction management in the future, as companies realise the long-term benefits on productivity, efficiency and cost savings.”

These Smart Technologies include but is not limited to the following:

• Building Information Modelling (BIM)
• Virtual twin experience for construction monitoring
• Modular Construction with 5D
• 3D Printing/Additive manufacturing
• Autonomous construction

Construction companies are always in need of new ways to stay on top their game, and by utilizing emerging technologies, green building, upskilling and training like those shown here they can become more flexible. The result? A better equipped company that’s ready for anything.