- Virtual Construction Market is Growing Fast
Construction has adopted many new technologies. Many technologies rely on virtual design and visualisation.
This includes everything from Building Information Modelling to Construction Management Software.
Virtual design and construction is a growing trend that uses virtual environments for engineering and visualisation before building. Hardware for desktops, smartphones and virtual reality can access virtual environments. It is no surprise that this trend has been observed.
The cost of correcting faulty constructions or constructions that were built incorrectly is estimated to be 30%. This problem can be reduced by using virtual design, which allows builders to build the structures first in a computer-generated environment. When you need Exeter Builders, visit https://www.silverferndevelopments.co.uk/exeter-builders
- Modular and prefabricated building revolutionises how things are built
The modular construction process involves building 60-90% of the structure before it is transported to the site.
Search interest for “Modular Construction” has increased 107% in the last five years. Technically, prefabrication is a part of modular building. However, it occurs when some components of the building are manufactured or assembled off-site. Prefabricated parts can easily be adapted for the building.
By 2022, the global market for modular construction was worth $91 Billion. By 2027 it’s expected to be $120.4 billion. The modular construction industry, while still small in comparison to the overall construction market, has seen rapid growth over the last few years.
Over the same time period, total revenues have doubled.
Prefabrication, modular construction, and other methods of construction are being used by general contractors, developers, and architects to reduce costs, speed up construction, and reduce waste.
