According to the results of a study on the effects of COVID-19 on the worldwide construction industry, there is an expected decline in revenue as 2020 comes to a close — from USD 11,217.4 billion to USD 10,566.8 billion. However, the results also indicated that the industry is seen to hit USD 11,496.7 billion in 2021, with a compound annual growth rate (CAGR) of 1.2 percent from 2019 to 2021.
The projected rise in the construction industry’s growth rate means that those in the construction industry have a lot of positive things to look forward to in the upcoming year and beyond. So, if you want to cash-in on the expected rise of the construction industry, there are some things you should do, starting with making investments in modern tools and technologies. These tools and tech would help make your processes quicker, smoother, and more efficient. Ultimately, they would help your construction business keep pace with the rapidly-evolving construction industry fueled by technological innovations that spring from just about anywhere.
Here are eight modern tools and technologies that your construction operations must have soon:
Cordless tools have been around for quite some time, but they do evolve each year that construction operators have a lot of keeping up to do. Such cordless tools like Bosch cordless power tools can be used on sites without a power source, and possess excellent safety features, powerful performance, user-friendliness, and durability. Among the cordless tools that you should get are powered saws, drills, and impact drivers. There are many brands that offer great-quality cordless tools so be sure to check them all to get the ones that perfectly suit your budget and construction requirements.
Line laser level
Any construction operation that still uses spirit levels to align things deserves a spot in a museum. Why? Because they’re not only prone to inaccuracies, they are also highly inferior when placed side by side with modern leveling tools like a line laser level. This equipment projects red or green laser to align objects, level different surfaces and check the height of things. It is widely used not just in construction, but in plumbing and surveying as well.
Non-contact voltage tester
What’s better than a brand-new voltage tester? A brand-new non-contact voltage tester! This modern construction device can work with DC and AC voltages and does not require any physical contact with the objects it detects, thus essentially making things safer for the operator. It can detect voltages as low as 12v and as high as 1000v. There are models with a built-in flashlight for nighttime work or use in areas without a light source.
If you’re still not using mobile technology in your construction business, then you’re missing out on a lot of things. By integrating mobile tech in your daily operations, our workers can work remotely to submit timesheets, send email messages on a site’s progress, and upload real-time data that would help those making decisions. There are many other applications of mobile technology aside from these, so you should integrate it with your current system soon to benefit your business.
Are you always on top of your assets or you struggle constantly to locate your equipment? Do you often find out too late that you’re lacking on one specific construction supply while overstocking on many others? If you don’t want your construction operation to come to a screeching halt, you must do something about your asset management and do it soon. Fortunately, there are asset tracking tools available these days that would address such a basic construction business requirement. You can geotag all your assets so it’s easy to locate them plus you’ll easily know when something is missing.
If you’re operating full-blast even in winter, a site heater is something you have to get. There are different site heating options to choose from, such as hydronic, convection, and electric furnaces. A job site heater heats the air as it goes through it so the workers on the receiving end get warm air that would make them comfortable even as it is shuddering outside.
Vibratory compaction bucket
This equipment enhances site efficiency by allowing the operator to compact soil, dig a trench, and place backfill materials without stopping to change the attachments. It’s like having three different equipment in one, so you’re essentially cutting down equipment costs and saving energy while reducing man-hours.
This is essential in any site where dust piles have to be cleared up quickly for other work to progress. It also protects workers from inhaling dust and other small impurities that could pose health risks to workers.
While the COVID-19 pandemic did negatively affect the global construction industry, there are strong indications that the industry is set to bounce back in 2021.