Investment in construction tech to increase

By Andy Brown13 January 2022

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.

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.
CONNECT WITH THE TEAM
Andy Brown Editor, Construction Technology Tel: +44 (0)1892 786 224 E-mail: andy.brown@khl.com
Eleanor Shefford Sales Manager Tel: +44 (0)1892 786236 E-mail: eleanor.shefford@khl.com
Latest News
Latest speaker for sustainability summit announced
Brian Harvey from global engineering and construction firm Jacobs to speak at free to attend event
Cummins, Komatsu cooperating on zero-emissions haul trucks
MOU between companies to focus on power advanced technologies, including hydrogen fuel cells
Alarming rise in construction disputes
New research shows almost 9 out of 10 AEC companies have dealt with a dispute in the past 12 months