Thank you for Subscribing to Construction Business Review Weekly Brief
Thank you for Subscribing to Construction Business Review Weekly Brief
By
Construction Business Review | Friday, March 05, 2021
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
“Aside from that, advanced technologies necessitate the development of innovative construction methods that conform to sustainable labour and projects.”
Fremont, CA: During the forecast period of 2021-2027, the worldwide building and demolition waste recycling market are anticipated to increase at a compound annual growth rate (CAGR) of 3.07 percent.
Because inappropriate garbage disposal causes environmental deterioration and greenhouse gas emissions, the usage of C&D waste management has gradually expanded. Several demolition and renovation projects have occurred in recent years due to rising urbanization and globalization, particularly in developing countries. Furthermore, rising living standards have contributed to increased home construction activity. Aside from that, advanced technologies necessitate the development of innovative construction methods that conform to sustainable labor and projects.
Let’s look at some of the top construction technology trends that leverage ongoing opportunities for sustainable growth.
1. Modular & Prefabricated Construction
The modular building market is set to reach 157 billion dollars by 2023.
Resultantly, the modular and prefabricated building is becoming more common. It allows higher and more consistent quality, with fewer work hours saving labor expenses and cutting construction time by half.