For construction and extraction, 758,400 new jobs are projected by 2026 according to the Bureau of Labor Statistics (BLS). More Technological Integration. Supporting the industry’s workforce To keep up with the pace of the country’s infrastructure demands, it’s crucial that the construction industry has access to the workforce and skills needed. Technology has not yet made a significant impact on industry methods or … Building for the UK’s future A quick survey of the UK’s current construction projects shows that there’s indeed no shortage of urban developments. Over the decade to 2016, the National House Building Council Foundation confirmed that a constant 85% – 92% of new housing has been constructed using traditional brick/block masonry construction, a labour-intensive mode of building that has ostensibly remained the same for centuries. Related: SWOT analysis of the manufacturing industry. A closer look at the construction industry’s biggest challenges reveals some unexpected opportunities amidst the adversity. The availability of labour is already one of the biggest challenges facing the industry, and this could be exacerbated as a … Construction and extraction occupations are expected to grow 11% between 2016 and 2026, faster than the 7% average forecast for all occupations. Opportunities in the Construction Industry and Apprenticeship Program; 6. /PRNewswire/ -- The future of the global construction industry looks good with opportunities in residential, non-residential, and infrastructure. Overseas opportunities Various construction companies have not been affected to the same extent as those mentioned previously. The future of the global construction industry looks good with opportunities in residential, non-residential, and infrastructure. How to develop your career in the construction industry. DUBLIN, Jan. 5, 2018 /PRNewswire/ -- . Here are seven major trends that will impact the construction industry over the next year. ... One more oppurtunity that a career in construction can lead to is Building Inspector! Project Management-: As a project manager, you can either work with the government, private individuals or construction companies. And yet, the construction industry is stuck in the past. And I think with the, and I'll talk a little bit about this, but the opportunities to start leveraging technology are going to change our industry significantly in the future. The UK construction industry comprises many subsectors, including property, facilities management, mining, forestry, urban infrastructure, product manufacturing, architecture and maintenance. The global construction industry is expected to reach an estimated $10.5 trillion by 2023, and it is forecast to grow at a CAGR of 4.2% from 2018 to 2023. Given the opportunities and potential challenges that are facing the E&C industry, the year ahead promises to be dynamic. Housing, pollution, transportation, infrastructure, inequality and social cohesion all require creative solutions, and these demands bring great opportunities for the construction industry, especially for those involved in residential and infrastructural developments. 2018 was a big year for technology innovation in the construction industry, and it's not slowing down. The UK construction industry continued to rebound in June, beating expectations with activity hitting a seven-month high. Projects are also being divided into smaller portions, which are allowing smaller construction businesses the opportunity to compete with bigger businesses for work. The construction industry has high employment projections and is expected to see substantial growth over the next few years. “Many of the biggest industry issues have been consistent over the past year and are nothing new to industry experts,” said Mason Mularoni, Senior Research Analyst, JLL Project and Development Services.

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