Asite launches new construction report examining the key 2020 trends
The report focuses on a number of key regions around the world monitoring the effects of COVID-19 and predicting the trends set to shape 2020
Asite launched a new research report detailing the trends set to impact the construction industry globally in 2020. The report examines the current COVID-19 pandemic and how it will impact the industry in the coming 12 months. Research was conducted on different regions – namely, the Middle East, United Kingdom, Europe, North America, Asia-Pacific and India.
The snapshot report delves into some of the most innovative insights this year. It aims to provide the construction industry with a clear view of its future and determines what the industry needs to do to move forward, overcome current challenges, and build on the progress taking place.
Nathan Doughty, CEO, Asite, commented, “We are delighted to launch our first research report of 2020, focusing on the construction trends set to impact the industry this year. When we began our research, we could not have known how drastically the world would change in such a short time. This change and the impact of the COVID-19 outbreak has impacted our findings and will continue to shape our industry long after the pandemic has passed. Now more than ever, I believe our industry needs to come together and operate as the global industry it is to solve the future challenges and build resilience. This report will hopefully mark the beginning of this new chapter.”
In its conclusion, the report demonstrates how shared trends and developments across regions might offer a solution to the current crisis. Digital engineering and the establishment of strategic operating models are suggested as key to building resilience and safeguarding the industry. The report also calls on the industry to recognise their interdependence and develop a strategy that is both regionally engaged and globally responsive.
Key takeaways from the report include:
Growth of the India Modular Construction Market
Along with an increase in BIM usage, modular and prefabricated construction projects are expected to gain popularity to help expedite residential and commercial building projects. Considering the government’s focus on sustainability and energy-efficiency, this projection makes sense. Moreover, statistics indicate that the modular construction market will stand at US$157 billion by 2023.
To read the report in full, please click here.