AECCafe Industry Predictions for 2023 – Trimble

By Martin Holmgren, General Manager, Trimble-Building Construction

Martin Holmgren

Focus on Complex Projects Requires High Accuracy for Construction Execution and QA/QC 

The cost of capital increased throughout 2022, leading to longer decision times for both new projects and capital investment into new technologies. Parts of the construction industry are more heavily impacted by this, primarily residential and retail construction where we expect a slowdown in 2023 and 2024. 

On the flip side, we see an opportunity for continued strong interest and investment into other areas of construction that are incentivized by the $1.2 Trillion infrastructure bill and the $280 Billion CHIPS and Science Act. These initiatives are driving building construction investment into areas like infrastructure, hospitals, and semiconductor processing facilities but we are also seeing strong economic indicators for areas related to electrical cars, batteries, and even if there is a bit of a slowdown, we see a continued strong investment in data center construction. 

These types of complex projects require digital models and high accuracy construction processes to avoid clashes and rework. Bringing digital models to the field and utilizing the power of shared 3D models helps enable collaboration, precision construction and QA/QC. 

The complexity of these projects is also driving continued growth in prefabrication, since it allows for a more controlled construction environment and higher productivity.

About Author:

Martin Holmgren is the General Manager for Trimble’s business focused on Field Solutions for Building Construction, including solutions such as Construction Layout, Laser Scanning and Mixed Reality.

Category: Industry Predictions

This entry was posted on Friday, January 20th, 2023 at 2:33 pm. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.