top of page
  • Writer's pictureMCS

How to Build a Better Future with Construction Tech and Sustainability

The construction industry is one of the largest and most impactful sectors in the world, but it also faces many challenges such as material shortages, price inflation, logistics issues, and labor deficiencies. These challenges have resulted in sluggish growth in 2023, but the outlook for 2024 is much more optimistic.

According to a new report by Frost & Sullivan, the building construction market will recover with above 5% growth from 2024 onward, driven by the adoption of digital technologies and software that support internal processes and sustainability efforts.

The report identifies 10 growth opportunities for the building construction market in 2024, which are:

  • Digital transformation: The use of cloud, mobile, and web-based platforms to streamline workflows, improve collaboration, and enhance customer experience.

  • Sustainability: The focus on improving sustainability performance, which includes green buildings, low-carbon buildings, and green construction practices.

  • Modular construction: The prefabrication of standardized building modules in factories, which can reduce waste, cost, and time.

  • Prefabrication: The assembly of building components in offsite locations, which can improve quality, safety, and efficiency.

  • Offsite construction: The relocation of the entire construction process to a controlled environment, which can eliminate weather delays, site constraints, and transportation issues.

  • Smart buildings: The integration of sensors, actuators, and software to monitor, control, and optimize building performance, comfort, and security.

  • 3D printing: The additive manufacturing of building materials and structures, which can enable complex designs, customization, and innovation.

  • Robotics: The automation of construction tasks using robots, drones, and exoskeletons, which can increase productivity, accuracy, and safety.

  • Blockchain: The distributed ledger technology that can facilitate secure and transparent transactions, contracts, and records in the construction industry.

  • Circular economy: The shift from a linear to a circular model of resource consumption, which can reduce environmental impact, waste, and cost.

These growth opportunities are not only beneficial for the construction industry, but also for the society and the environment. By leveraging construction tech and sustainability, the building construction market can contribute to a smarter, safer, and more sustainable future.

Read full report here



bottom of page