Investment in construction tech to increase

Construction is increasingly embracing new technology

More than 70% of those involved in construction technology are planning to invest more in the sector in 2022 compared to 2021, according to a survey carried out by KHL’s Construction Technology brand.

The survey also revealed that 42% said that their uptake of technology in the last five years had increased a lot, while 50% said it had increased somewhat.

Over 60% of respondents said that they had recruited new staff specifically to focus on new technology.

In relation to the challenges that technology can help address for the construction industry, increased productivity, reduced risk and safety improvements and saving costs were the three most popular answers.

When asked what issues were holding them back regarding the adoption of new technology, the most common answer among respondents to the survey was the price of such technology. This was followed by a lack of knowledge and understanding and the difficulty of integrating new technology with current systems.

For more construction technology news, sign up for free to a free twice-monthly newsletter.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Construction Technology Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Topcon announces new global sustainability initiatives
A new global team will be dedicated to sustainability and corporate social responsibility (CSR)
Equipment rentals in the platform economy: A rising trend
Multibillion-dollar online platforms like Uber and Airbnb are inspiring efforts to create similar solutions for equipment rental, but there are challenges in making this a reality 
Danfoss launches software to accelerate autonomous machine development
The software consists of preprogrammed and pretested software blocks built into Danfoss’ XM100 autonomous controller hardware
CONNECT WITH THE TEAM
Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: andy.brown@khl.com
Mike Hayes Editor, Construction Europe Tel: +44 (0)1892 786 231 E-mail: mike.hayes@khl.com
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: catrin.jones@khl.com
Eleanor Shefford Sales Manager Tel: +44 (0)1892 786236 E-mail: eleanor.shefford@khl.com
CONNECT WITH SOCIAL MEDIA