JANUARY 2025CONSTRUCTIONBUSINESSREVIEW.COM6Recent technological trends have significantly impacted kitchen cabinet hardware manufacturers and custom home builders, heralding a new era of innovation and efficiency in the construction industry. Augmented reality (AR) and virtual reality (VR) technologies have redefined design and client interaction by allowing immersive previews of architectural and interior design projects before any physical work begins. This capability lets clients visualize different hardware styles and finishes in their future kitchens, facilitating more informed decisions and enhancing customer satisfaction.Anticipated advancements include a shift toward more sustainable practices using eco-friendly materials and energy-efficient production techniques. Innovations such as developing biodegradable hardware components and incorporating recycled materials are gaining traction, reflecting a growing consumer preference for sustainability in home construction and renovations. In addition, the advent of smart home technology continues to influence kitchen designs, with hardware now featuring integrated sensors and connected functionalities that promote convenience and energy conservation. These technological advancements not only cater to the evolving demands of modern homeowners but promise to redefine the standards of luxury and functionality in custom-built homes.Driven by these trends, the market size for cabinet hardware globally is projected to grow at a CAGR of 7.1 percent, reaching about USD 20.7 billion by 2033, and the global construction market is projected to grow at a CAGR of 5.0 percent, reaching around USD 7.66 trillion by 2032.This edition features thought leadership articles from industry experts, such as Christy Vasiliou, director - head of property management at GID, who emphasizes the crucial role of automation and technology in enhancing efficiency and growth. In addition, Desmond Shotwell, National Director of Renovations at AMLI Residential, advocates for involving contractors early in projects to avoid budget overruns and highlights the effectiveness of Procore for real-time project tracking.We hope this edition offers valuable insights to help you find the right partner who will provide you with the most suitable designs to enhance your modern, sustainable spaces.Let us know your thoughts!Modern Manufacturing Meets Sustainable DesignEDITORIALCopyright © 2025 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 CXOsVisualizerChris JonesRobert MathewsManaging Editoreditor@constructionbusinessreview.comJANUARY - 2025, Vol 04 Issue 40 (ISSN 2835-9429)Published by ValleyMedia, Inc.To subscribe to Construction Business ReviewVisit www.constructionbusinessreview.com Email:sales@constructionbusinessreview.comeditor@constructionbusinessreview.commarketing@constructionbusinessreview.com
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