The global heavy construction equipment market is anticipated to experience significant growth from 2024 to 2031, with a projected compound annual growth rate (CAGR) of 6.81%, according to recent findings by Lewes, Delaware-based Verified Market Research. The major factors contributing to this
Trackunit's recent announcement of the K300, an advanced access management solution in their Pass series, has generated significant interest within the construction industry. This next-generation device promises to revolutionize fleet management by incorporating cutting-edge IoT technologies.
The construction industry stands at a pivotal crossroads. Traditional building materials, long revered for their durability and cost-effectiveness, are now scrutinized for their significant environmental impact. As concerns about climate change intensify, sustainable alternatives emerge as not just
The construction industry is embracing a technological transformation that leverages the Internet of Things (IoT), Artificial Intelligence (AI), and a suite of digital tools to enhance safety, efficiency, and overall project outcomes. WakeCap, an industry leader in smart solutions for construction
Procore Technologies is on an ambitious path to secure FedRAMP (Federal Risk and Authorization Management Program) authorization for its construction management software. This pursuit marks a significant milestone in ensuring the firm's software meets stringent security and compliance
In 2022, the construction industry witnessed a staggering number of suicide deaths, with 6,000 cases reported compared to 1,000 construction-related injuries, highlighting a severe mental health crisis within this sector. According to the U.S. Occupational Safety and Health Administration, the
The rise of smart building technology marks a transformative period in the commercial real estate (CRE) industry, promising leaps in energy efficiency, improved occupant safety, and superior digital amenities. However, these advancements come hand-in-hand with significant challenges, particularly
The Global Utility System Construction Market is undergoing a dynamic transformation, poised for robust growth over the next decade. In 2023, the market stands at an estimated value of USD 0.69 billion and is projected to reach USD 1.17 billion by 2033. This growth, at a Compound Annual Growth Rate
The construction industry stands at a pivotal intersection, where the demand for sustainable practices meets the urgent need to combat climate change. With buildings accounting for 37% of global CO2 emissions and 34% of species habitat loss due to urban development, the sector's transformative
The Bureau of Overseas Buildings Operations (OBO) continues to pioneer new safety initiatives, particularly focusing on the often-overlooked aspect of mental well-being within the construction industry. Construction Safety Week Observed from May 6-10, 2024, Construction Safety Week marked an
