The equipment rental market is expected to reach a value of £6.6 billion by 2023. This is due to the increasing demand for rental equipment from construction companies. Equipment rental companies are responding to this demand by expanding their fleets and offering more advanced and sophisticated equipment for rent. Companies are also investing in digital platforms for their rental services, allowing customers to search for equipment, reserve it online and make payments. As a result, the equipment rental industry is expected to grow significantly over the next few years.
Building Information Modeling (BIM) is a digital tool used in the construction industry to create virtual models of buildings. BIM has been around for years but is continuing to gain popularity. Companies are now using BIM to design, analyze and simulate projects so that they can be built more efficiently and effectively. As a result, BIM is expected to continue to grow in popularity and be a major trend in construction for the next few years.
Drones are becoming increasingly common in the construction industry as a tool for surveying, inspecting and monitoring sites. Drones can be used to capture aerial images and videos of a site, which can then be used to create detailed 3D models of the site. Drones are also being used for security purposes, allowing companies to monitor their sites from afar. Drones are expected to continue to be widely used in construction over the next few years.
Prefabricated and modular construction is becoming increasingly popular due to its cost-effectiveness and time savings. This type of construction involves building components in a factory and then assembling them on-site. This reduces the amount of time it takes to build a structure and eliminates the need for expensive and time-consuming on-site construction. As a result, prefabrication and modular construction is expected to be one of the top trends in construction in the coming years.
The construction industry is starting to embrace green building materials, such as recycled and renewable materials. These materials are not only more eco-friendly, but they can also reduce construction costs and help companies meet sustainability goals. As a result, the use of green building materials is expected to continue to grow in popularity in the coming years.