global trends in the construction sector - prefabnz … · changing global order 65% of the next...
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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
Photo by Ryoji Iwata on Unsplash
Changing infrastructure
US$2.5TCurrent annual infrastructure investments
US$3.3TPredicted annual infrastructure investment
need, 2016-2030
Source: McKinsey
Megatrend
Photo by Sweet Ice Cream Photography on Unsplash
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
Photo by Drew Beamer on Unsplash
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