AUGUST - 2023CONSTRUCTIONBUSINESSREVIEW.COM6The increasing pace of urbanization propels the global construction drilling market. The need for efficient transportation and infrastructure development contributes to the demand for investments in construction projects like highways, subways, and underground structures. Rapid renovations and maintenance of existing structures also contribute to market growth. Ongoing drilling advancements ensure safety and project completion efficiency, aligning with the sector's emphasis on user-friendliness and innovative equipment to meet schedules and minimize obstacles.The construction drilling market, with a value of $1079.8 million in 2021, is projected to expand from $1120.83 million in 2022 to $1510.5 million by 2030, at a 3.8 percent CAGR from 2023 to 2030. The construction sector is gradually transitioning towards electric and alternative energy sources, and the drilling field follows suit. Electric drills contribute to a safer work environment by emitting lower noise levels, reducing heat, and mitigating fire hazards. Leveraging 3D modeling enhances drilling processes by enabling calculated drilling routes and plans before actual implementation. This technology streamlines operations by automating drilling machines based on pre-planned routes, minimizing manual intervention. The construction drilling market will continue to witness growth as emerging technologies streamline workflow while expanding revenue. This edition of Construction Business Review brings to light the key developments in the construction drilling space and how firms leverage the latest technology solutions to offer top-notch services. It features thought leadership articles from Cody Whitelock, Virtual Construction Manager at Barnhill Contracting Company, and TassiloDeinzer, Member of the Executive Board at Hilti Group.Cody Whitelock highlights the role of constructability analysis in building systems, which is important in construction projects. It drives success through improved collaboration, cost and time savings, optimized systems, enhanced safety, and streamlined management. Tassilo Deinzer talks about digitalization to combat the construction industry's issues, including stagnant productivity, labor shortages, and sustainability concerns.This edition features stories from construction drilling companies, who provide valuable insights about innovative solutions shaping this space.In this edition featuring top construction drilling services providers, we hope you find the appropriate company suited to your business requirements.Let us know your thoughts.ACHIEVING DIGITAL CONSTRUCTION WITH ADVANCED DRILLING CAPABILITIESEDITORIALCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorRobert MathewsDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOsRobert MathewsManaging Editoreditor@constructionbusinessreview.comAugust - 15 - 2023, Vol 03 Issue 19, ISSN 2835-9429Published by ValleyMedia, Inc.To subscribe to Construction Business ReviewVisit www.constructionbusinessreview.com Email:sales@constructionbusinessreview.comeditor@constructionbusinessreview.commarketing@constructionbusinessreview.com
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