Kenny Ingram, Global Industry Director at global enterprise application company, IFS, has gazed into his crystal ball for the construction, engineering and infrastructure industries and made some bold predictions for 2019.
His no. 1 prediction is that 50 per cent of all construction projects worldwide will include modular content by 2022, driven by the growing global skills shortage.
IFS reported that in 2018 they saw four times greater customer activity around modular construction than in any other year before it. Across the globe in all areas of construction (e.g. schools, prisons, hospitals and luxury apartments), 2018 saw modular construction really explode onto the scene.
Mr Ingram predicts that new entrants next year will make modular construction even more essential.
“2019 will see growing numbers of traditional construction companies begin opening modular factories to stay competitive. And more new players will enter the industry – from manufacturing, supply chain and logistics to local governments, banks and insurance companies,” he forecasts.
Due to these companies offering great incentives such as flexible finance and service packages, there will be a huge pressure on building firms to adapt.
“They’ll need tighter control and more adaptability over every aspect of their projects. Proving they can, if necessary, partner up with larger networks of suppliers, offer services and maintenance on assets once built, including equipment hire, and yes, even offer or manufacture some modular units or components,” Mr Ingram predicts.
“It all adds up to an urgent need for better, more integrated digital management of complex, demanding projects,” he adds. *
The Finishing Touch have already adopted this type of construction, with the offsite modular build of lightweight decorative mouldings that are easily delivered to site and attached to the building with the use of the exclusive DAP system.
*Source: Build Australia