Power Generation Market 2017–By Identifying the Key Market Segments Poised for Strong Growth in Future

New trends are changing the shape of the construction industry - Prefabrication, new technology, robotics, green buildings and consolidation are trends leading companies must stay ahead of in the near future to be prosperous.

Key Highlights
• Prefabricated buildings are becoming increasingly relevant in modern construction – companies need to adapt
• Investing in new technology will provide substantial gains in efficiency, costs and speed
• Harnessing Building Information Modeling (BIM) is of growing importance
• Consolidation would benefit construction industry by taking advantage of economies of scale
• Mastering use of ‘green’ materials will help drive to reduce environmental impact of construction

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Prefabricated Buildings Are Gaining In Sophistication And Popularity
Despite initial problems, prefab high-rise buildings are changing how construction is thought about. 461 Dean in New York claimed to be the tallest modular building anywhere in the world when construction finished. Opened in December 2016, the building stands out as a means of supplying affordable housing in one of the most expensive housing markets in existence.

Chinese construction companies are also setting speed records for high towers by using modular technology. Even designer homes are now part of the growing popularity of prefabricated construction. One Filipino company is even valued at over $1bn after proving to be a hit in designer ‘prefabs’. Construction companies need to develop flexibility to deal with prefabricated building methods which often now involve techniques used in timber construction.
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