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The offsite construction market is poised to grow to $235 million by 2030. While the global construction industry has been slow to adapt to change, the pandemic compelled it to embrace new offsite techniques and technologies to tackle its consistent decline.
As discussed at real estate and construction conferences, bringing offsite construction into the mainstream has numerous benefits, a few of which will be covered in this blog.
Offsite construction involves planning, building, and manufacturing elements of a building at a specific location (for example, a factory) other than the proposed building site. Using offsite construction models, a wide range of structures for the construction of residential, commercial, educational, and healthcare facilities can be prefabricated, after which they can be transported to the proposed site.
As mentioned earlier, the perks of offsite construction are immense. From cost savings to lessening the impact of construction on the environment, it has the potential to turn around the industry for the better.
Did you know that project deliveries can be made 25-60% faster with the help of offsite construction methods? Because parts are fabricated in a controlled environment, the project is not at the mercy of uncontrollable elements, such as changes in weather, transportation issues because of bad road conditions, and so on. Materials and building elements are already stocked up in the facility in safe conditions, which inevitably reduces the chances of overspending or the project getting delayed.
A major reason why the construction industry is facing labor shortages is the factor of worker safety. Thankfully, with offsite construction, workers have a familiar environment to work in, which is engineered to enhance their efficiency and constructed keeping their well-being in mind. The dangers that often come with building skyscrapers or underground structures also go down as the majority of the work can be performed offsite. From a construction firm’s angle, this brings down the risk of workplace accidents and legal issues in the long run.
The construction industry is believed to be amongst the most polluting industries in the world. In a bid to reduce its carbon footprint, many construction firms are embracing green building strategies as well as offsite construction models. Since the latter demands less machinery and fuel, it can play a crucial role in offsetting the industry’s contribution to climate change.
In addition to this, it also reduces transportation needs of personnel, as well as wastage of materials since the calculation of building requirements becomes easier in a controlled environment.
Would you be interested in connecting with offsite construction specialists and learning more about where the industry is headed? Then do book your passes for the Realty 2.0 Conference now! The three-day event will draw experts from the realms of real estate and construction and highlight some of the greatest developments in the industry. If knowing more about the most promising trends is on your 2022 agenda, this is where you need to be.
Shams cultivates a keen interest in PropTech and buying and selling trends in the world of real estate. He is currently exploring how to spot fake property investments schemes, real estate fraud, and scams, as well as steps everyone can take to stay safe from them. A bibliophile, Shams loves binge-watching shows on weekends.