Six trends of global construction industry in 2022

1. The productivity prospect of the construction industry is optimistic

The productivity of the European construction industry is expected to grow throughout 2022, and the current short-term growth is expected to be 3.6%. As we enter the new year, further economic recovery is the top priority of each region. Most notably, governments around the world have begun to pay attention to infrastructure investment as a key strategy for local economic recovery.

2. The pressure of equipment supply chain continues

Although the productivity of the construction industry sends a positive signal, it is expected that the supply of equipment will still face great challenges in 2022, and global equipment manufacturers will continue to solve the problem of order scheduling to cope with the continuous increase of demand. However, the production capacity is affected by the global shortage of computer chips and the rising cost of raw materials, resulting in the extension of delivery time.

3. Offline or linkage industry activities

In the past two years, the epidemic has restricted and affected many industry activities and exhibitions. Most activities in the heavy machinery industry are transferred to online. In 2022, dozens of on-site trade exhibitions, conferences and events are back on the agenda. However, many organizers are paying attention to the variation and dissemination of covid-19, and may consider combining on-site activities with online activities.

4. Increased complexity of operation

In the new year, construction companies and other heavy machinery users will also face many operational challenges. The shortage of skilled workers, the rising cost of building materials and stricter environmental protection regulations are all problems that industry enterprises have to face.

5. Unavoidable digital drive

The construction industry is one of the most technologically advanced industries in the world, especially in mechanical innovation and industrial application. However, in terms of extensive digital drive, the action of the construction industry is still relatively slow. Over the past two years, the industry has been pushing itself forward, adopting new digital tools and services to help managers quickly respond to the changing environment.

6. Development trend of green environmental protection

The future of heavy equipment must be green. Many manufacturers around the world are developing more environmentally friendly next-generation models. Popular brand JCB has launched a variety of electric mini excavators and telescopic forklifts. Caterpillar recently launched a new type of wheeled excavator, which can be powered by biodiesel and meet the emission standards of EU stage V and US EPA Tier 4 final.