This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies
By closing this message or continuing to use our site, you agree to our cookie policy. Learn More
This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
Building Enclosure logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Building Enclosure logo
  • EMAGAZINE
    • eMagazine
    • Archive Issues
    • Contact
    • Advertise
    • Susbcribe
  • NEWS
    • Breaking News
  • PRODUCTS
    • New Products
  • SECTIONS
    • Columns
    • Project Profiles
    • Trade Shows
    • Section Cut
  • TECHNICAL
    • Codes
      • Waterproofing
      • Roofing
    • Details
      • Waterproofing
      • Roofing
  • UNIVERSITY
    • BE University
  • SYSTEM DESIGNS
    • Low-Slope Roofs
    • Pitched Roofs
    • Metal Roofing Materials
    • Waterproofing
    • Sustainability
    • Insulation
    • Exterior Claddings
    • Wall Systems
    • Building Envelope
  • BLOG
    • The BE Blog
  • RESOURCES
    • EDITORIAL CALENDAR
    • DOWNLOAD SPECIFICATIONS
    • Sponsor Insights
  • MEDIA
    • Podcasts
    • Quizzes
      • Podcasts #2
    • Infographics
    • Videos
    • Polls
    • eBooks
  • DIRECTORIES
    • Directory: Blue Book
    • Directory: Roofing Resource
Home » Construction Report Examines Key Trends to Shape 2020
Breaking NewsCoronavirus Coverage

Construction Report Examines Key Trends to Shape 2020

Asite
April 17, 2020
KEYWORDS construction climate / construction companies / construction industry / construction spending / economic analysis
Order Reprints
No Comments

Asite has launched a new research report into the trends set to impact the construction industry globally in 2020, including North America.

The report also examines the impact of the current COVID-19 pandemic and considers how this will impact the industry in the coming 12 months.

Research was conducted on different regions – namely North America, United Kingdom, Europe, the Middle East, Asia-Pacific, and India – to examine key trends in those regions and their relatedness.

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, Asite CEO, said:

“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 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 recognize their interdependence and develop a strategy that is both regionally engaged and globally responsive.

Key takeaways from the report include:

North America

Steady growth impacted by COVID-19

Construction in the US was expected to have a CAGR of 2.22% by 2022. This growth is set to be affected by the COVID-19 pandemic regardless of a promised government stimulus package. The sector is witnessing a steady increase in projects stoppages, which will affect the industry overall.

Aviation upgrades to set precedent

Under the Airport Improvement Program, the US government plans to invest $3.2 billion in the development and modernization of aviation facilities in the country. We predict that this commitment will set a precedent, as according to the American Society of Civil Engineers a wide scope of repairing, upgrading and modifying works is required throughout the USA.

Declining demand for workforce

 

The collapsing price of oil and the impacts of COVID-19 are set to change predictions that the North America market, in particular Canada, would witness a growing labor demand. The increase was linked to major public transportation and infrastructure, utility, liquefied natural gas, pipeline, and health services projects countrywide. However, the region is now seeing a decline in demand for workers.  

Despite the setback, markets are expected to bounce back. There are positive signs that the energy market’s project pipeline is growing.

North America Smart City dominance to continue

The smart city platform market is expected to register a CAGR of 18% between 2020 and 2025. North America is already the leading region in the area. We will see this dominance continue and grow as the adoption of smart building technologies becomes common practice in the US with future focus on transportation and energy, New York’s MTA will become part of this program as it continues its current transformation.

 

Worldwide

Impact of European Green Deal

Building and renovating in an energy and resource-efficient way is one of the cornerstones of the European Green Deal. We envision the construction industry will begin to feel the impact of the deal during the first months of 2020 as legislation ensuring the use of longer-lasting products and recycled materials on EU sites come into place.

Asian construction boom set to ease following COVID-19

The infrastructure and construction industries were projected to experience a boom in the coming five years, with Asia forecasting a CAGR of 8.9% by 2023. COVID-19 will impact this growth as site closures across the region result in completion delays. Although sites are beginning to reopen, the initial issues will affect the industry.

Post-Brexit Decline before Stabilizing

65% of the construction industry says that they are either concerned or highly concerned about the outlook for the UK industry post-Brexit. As a result, there is the worry that this may lead to a possible dip in construction activity in 2020. Therefore, it is pertinent that focus shifts to building resilience and preparing for this potential decline.

Substantial Infrastructure Development in Dubai in preparation for Expo 2020

Despite the global pandemic, Dubai will continue to prepare for Expo 2020, adjusting planned preparations as required. Over the coming months, numerous infrastructure projects will be completed to accommodate the needs of the huge 173-day event. Industry data shows that, as of March 2018, the total value of the top 10 active projects linked to Expo 2020 will exceeded AED 120 billion.

Growth of the Indian 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.

 

Did you enjoy this article? Click here to subscribe to Building Enclosure Magazine.

Related Articles

Residence Hall Design Trends to Change in Response to COVID-19

Report Details Coronavirus Outbreak Effects on Industry

Report: Healthy Outlook for Construction Market

NCARB Report: COVID's Impact on Architecture in 2020

You must login or register in order to post a comment.

Report Abusive Comment

Subscribe For Free!
  • Subscribe For Free!
  • Sign up for the Newsletter
  • Online Registration
  • Registration Customer Service

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the ARW audience. All Sponsored Content is supplied by the advertising company. Interested in participating in our Sponsored Content section? Contact your local rep.

close
  • FEATURE.jpg
    Sponsored byGeorgia-Pacific Building Products

    Design Integrity and Efficiency: Choosing an Integrated WRB/AB That Performs

  • 900 x 550 Moving Everest 1.jpg
    Sponsored byPAC-CLAD | Petersen

    PERFECT YOUR NEXT DESIGN WITH ARTISTIC PERFORATED METAL

Popular Stories

peter-fogden-QBEcnNgVVEU-unsplash.jpg

What Are the Most Popular Cladding Materials?

value-engineering-sustainability-goals.jpg

How Value Engineering Impacts Sustainability Goals

josh-olalde-X1P1_EDNnok-unsplash.jpg

Seven Great Tips for Building Envelope Insulation

ARW eNews

Events

April 20, 2022

Calm After the Storm: Designs and Coatings for Post Pandemic Spaces

This course discusses everything from seating, to lightening and biophilic elements as well as assessing the role performance coatings play in mitigating future outbreaks.

June 1, 2022

Commercial Roofing as a Sustainability Benefit Multiplier

The intent of this course is to discuss the interconnectedness and interrelations of roof strategies that can help minimize whole life building carbon emissions while, at the same time, improve long-term performance, durability, and resiliency by using overburden systems to alleviate the community burden of climate change.

View All Submit An Event

Poll

If you’re a woman in the AEC industry, what field are you in?

If you’re a woman in the AEC industry, what field are you in?
View Results Poll Archive

Products

Plaster and Drywall Assemblies Manual

Plaster and Drywall Assemblies Manual

This is a comprehensive manual that goes beyond codes and standards, providing expert guidance in design, detailing, material selection and troubleshooting for plaster and drywall.

See More Products

Submit a Request for Proposal (RFP) to suppliers of your choice with details on what you need with a click of a button

Start your RFP

Browse our Buyers Guide and Sourcebook for equipment, distribution, ingredients, quality control, and much more!

Find Suppliers

ARW University

Get our new eMagazine delivered to your inbox every month.

Stay in the know on the latest building & construction industry trends.

SUBSCRIBE TODAY!
  • Resources
    • List Rental
    • Construction Group
    • Survey And Sample
  • Want More
    • Connect
    • Digital Edition
    • eNewsletter
  • Advertise
  • Privacy
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2022. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing