Market Trends

What Are the Consequences of Bid-Rigging in the Asphalt Industry?
Construction Management What Are the Consequences of Bid-Rigging in the Asphalt Industry?

Bid-rigging, an illegal practice where businesses collude to determine which company wins a contract, has severe consequences for the industry and society. This disruptive scheme undermines free competition, increases project costs, and erodes trust in public procurement processes. Such practices

February 14, 2025
Top 10 Construction Industry Trends Shaping 2025: Technology to Safety
Market Overview Top 10 Construction Industry Trends Shaping 2025: Technology to Safety

The construction industry is on the brink of a significant transformation as we approach 2025. Driven by technological advancements and a growing emphasis on sustainability, the sector is evolving rapidly. This article delves into the top ten trends that are set to reshape the construction

February 11, 2025
Why Is Texas Leading the Nation in Build-to-Rent Home Construction?
Construction Management Why Is Texas Leading the Nation in Build-to-Rent Home Construction?

The state of Texas has been experiencing a significant surge in the build-to-rent home construction sector, capturing nationwide attention and setting a precedent for a rapidly evolving housing market. Recent reports suggest that Texas stands out prominently on the national landscape, with

February 10, 2025
UAE Construction Equipment Market Set for Significant Growth by 2029
Market Overview UAE Construction Equipment Market Set for Significant Growth by 2029

The UAE construction equipment market is poised for substantial growth over the next six years, driven by significant investments in renewable energy and robust infrastructure development. As the nation commits to achieving net-zero emissions by 2050, there is a rising demand for advanced

February 6, 2025
Is the UAE Construction Equipment Market Set for Significant Growth?
Market Overview Is the UAE Construction Equipment Market Set for Significant Growth?

The UAE construction equipment market is poised for substantial growth, driven by aggressive investments in renewable energy and infrastructure projects. According to Arizton’s latest research, the market is expected to see a significant increase in sales, reaching 28.5 thousand units by 2029, with

February 5, 2025
Will Rising Material Costs and Tariffs Impact Nonresidential Construction?
Construction Management Will Rising Material Costs and Tariffs Impact Nonresidential Construction?

The slight decline in nonresidential construction spending and the potential effects of rising material costs exacerbated by impending tariffs pose significant concerns for the future of the industry. Data analyzed by Associated Builders and Contractors (ABC) revealed a 0.2% drop in nonresidential

February 5, 2025
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