Global trends in the construction sector

How NZ businesses can leverage and align to trends

Kirsten Edgar

PrefabNZ Innovation Bites

28 May 2019

Photo by Dil on Unsplash

Changing global order

65%Of the next decade’s growth in construction

will happen in emerging countries

Source: World Economic Forum

Megatrend

Photo by Ricardo Gomez Angel on Unsplash

Changing demographics

193k/dayPredicted daily urban population increase,

2018-2050

Source: United Nations

Megatrend

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Changing infrastructure

US$2.5TCurrent annual infrastructure investments

US$3.3TPredicted annual infrastructure investment

need, 2016-2030

Source: McKinsey

Megatrend

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Changing climate

280MNumber of people who will be displaced by

sea level rise caused by 2˚C warming by 2100

Source: Climate Central

Megatrend

Future of work

52%Of hours of work will be performed by

machines by 2025

Source: World Economic Forum

Megatrend

Photo by DXL on Unsplash

Future of business

38.2%Forecast CAGR of XaaS 2016-2020

Source: RNR Market Research

Megatrend

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What does this all mean?

Sustainability

Wellbeing

Digitisation

Key themes for PrefabNZ context

Photo by Ricardo Gomez Angel on Unsplash

Engineered timberTechnology trend

3D printingTechnology trend

3D scanning / ARTechnology trend

UAVsTechnology trend

IoT (or IoB?)Technology trend

CompositesTechnology trend

Dynamic materialsTechnology trend

Dynamic constructionTechnology trend

BiomaterialsTechnology trend

How to leverage the trends

• Some of these are practical technologies that you can use now – plug-and-play additions that are commercially available.

• Some of these are technologies to monitor for the future and think about how to incorporate.

• Identify potential collaborators to share skill sets, knowledge, risks and rewards.

• Think big (come up with a master plan), start small (choose one part of the master plan), and scale fast!

Now and in the future

Photo by Bill Jelen on Unsplash

Thank you!

callaghaninnovation.govt.nz