The article explains the future of the Construction Industry, Construction industry is a booming industry and how it is going to impact the other sectors of industry.

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Future of Construction Industry 2020
The construction industry plays an important role in contributing to world GDP by
increasing the economic growth of developed and developing countries. The changing
technology, evolving business, and unskilled worker have brought a major interruption.
The construction industry is always changing and evolving.
Every year new trends are happening within the industry, it is better to be aware of rising
trends otherwise you may find it hard to keep up with your competitors. This will make work
easier and efficient. The construction industry has started to evolve. With the continuing
growth and evolution in the construction industry, if you want to remain competitive, you
must stay up-to-date.
2019 has been an interesting year for the construction industry, it has seen overall growth
despite a shortage of workers, changing trends in the industry. In 2020, the industry will
focus on moderating these challenges while capitalizing on trends that help improve
operations and deliver a competitive advantage.
The industry will move to automation, with safety being a major concern. It is changing and
is focusing on technology to create a business, this will enhance productivity, improve the
economy and contributes greatly to the GDP of the nation.

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For the prosperity of a nation, the Government gives more attention to the construction
industry to develop infrastructure as well as transport. It is diversified and has numerous
clients like property builders, property developers, material suppliers, and contractors.
Here are the major trends that will change the construction industry over the next year.
1. Technology
Technology is one of the main factors driving change in every industry, but the construction
industry has managed to avoid this. However, recent improvements have happened in
technology that is particularly suitable for the construction industry; with the usage
of drones and 3D printing, the construction industry may adopt both these forms of
technology.
2. Focus on Sustainability
Most successful companies are focusing on sustainability. For this reason, most, if not all,
construction companies will likely place a strong focus on sustainability. Sustainability is part
of the business methods and business models that make the world a better place.
Sustainable construction includes the safety of the environment and the efficient use of
resources. While sustainability might seem like the same trend as a green technology, these

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can include methods such as buildings designed to allow natural light to reach the middle
of the building to reduce electrical costs or buildings that reuse wastewater.
3. Safety at Job
Construction isn’t the safest job, particularly when compared with an office job. the
development of technology designed to make construction sites safer as the industry suffers
more workplace accidents which makes it easier for employees to adhere to safety
measurements when they are working. As many people will be using the same software, it is
easier for them to understand their role, which could also help to make construction sites
safer.
4. Project management software
Project management software has been introduced significantly over the last few years, and
now there are lots of functional applications are build for different jobs; from designing a
building to running a construction site. Currently, project management software offers real-
time information, tractability, and a project overview. The use of software provides
construction companies with three major advantages; clarity, liability, and productivity.
5. The overall cost
The rising costs can make it difficult for smaller companies to compete. However new
technologies are set to make the construction industry safer, more efficient, and more
effective, which could reduce the overall costs.
Slow Growth While the demand for construction is likely to grow, the growth will be slower
than expected to increase efficiency and overall growth. This is due to insufficient spending
in both residential and non-residential sectors, which could increase competition. The
construction industry is trying to cut the overall cost due to rising material costs within the
construction industry, due to the rising cost of skilled labor.

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The construction industry is evolving continuously and modern Construction machines have
been introduced, which make work easy. Human Power will be placed by machines, few
common types of equipment are
 Aerial Lifts
 Backhoe Loaders
 Bulldozers.
 Concrete Mixture
 Cranes
 Drones will play a major role.
 Excavators
 Earth-moving Equipment
 Engines
 Graders.
 Generators
 Light Towers
 Loaders
 .Scrapers
 Trenchers.
 Trailers
 Wheel Tractor Scrapers.
 Welders and many more
To address the challenges, the World Economic Forum established the Future of
Construction initiative in 2015 to observe the changes and growth of the construction
market over the coming years. It was reported that the global construction equipment
market is going to grow at a CAGR of 11.55% during the period 2016- 2020.

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As numerous construction methods and technologies are discovered, it is important for
construction companies to always stay on top of the latest trends and advancements. The
construction industry is ever-evolving in size and scope. As a result, it is also growing fast at
a rapid pace as the world’s largest companies and businesses continue to expand and
convert a vast number of spaces into structural creations.
There is a considerable shift from traditional financing methods to an era of structured
finance, private equity, and a public offering. This has led to the contribution of the private
sector in total infrastructure investment is expected to increase to 50%. The balance will be
borne by the public sector.
But with time the obstacles are being overcome, however. Companies are now embracing
the opportunities, with productivity starting to rise and promising to soar.
Keeping on top of trends in the Construction industry will help-construction industry
themselves, the technology industry, architects, designers, engineers, building material
suppliers, contractors, and operations and maintenance companies to remain in the race
and the stakeholders, Governments in their role as project owners and regulators to prepare
for the future.