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The construction & building industry is coping with many challenges (such as Covid 19 operational challenges, lack of workforce, inflation, the rising costs for most essential materials, etc.) and it is expected that it will face a short-term economic downturn, in the long-term, the industry should have positive and stable growth.
Although it is one of the largest and most specialized industries, it is still heavily undigitized and offers a variety of opportunities for startup founders, venture studios, and investors.
In order to enter the market from a digital angle, viable ideas should have the following attributes:
High reliability as a digital tool (web- or app-based)
Easy understandability for market-newbies
Low need to collaborate with a big player to start off
On a macro level, the divisive trends are a turn for more sustainability, scarcity of essential resources (e.g. sand, wood, steel), the decentralization of the workforce (remote supervision, use of drones/robots), general digitization, and new building and material techniques.
Venture Building Insights Report: Construction & Building will help you discover:
Market size and growth estimations
Market trends and innovations in the industry
Opportunities for digital tools
Success factors for digital transformation
Relevant innovators and recent funding in the market
Download Venture Building Insights Report: Construction & Building and discover trends, opportunities for digital tools, and recent innovators in the market.