The global construction industry is set to grow by 70% in the next eleven years. As one of the largest global industries already, such significant growth presents a number of opportunities for firms working within the sector. As a global leader within the global construction market, the UK is expected to benefit significantly from this global boom.
UK construction industry
In July 2013 the UK Government published 'Construction 2025', which is"a joint strategy which sets out how industry and Government will work together to put Britain at the forefront of global construction over the coming years." The vision for the strategy shows the UK is in prime position to contribute to the sector through five key areas.
The UK construction is known worldwide for having great people who deliver innovative projects with impressive results. The 2012 Olympics were testament to that fact. The whole Olympics park project won a prestigious safety award having been completed without a single death. In order to continue to be a global leader in this area the Government is committed to changing how the construction industry is perceived by the public and increasing the capabilities of the UK construction workforce.
As a world leader in technology and innovation the UK can establish itself as a leader in the construction of smart, more efficient buildings. Construction of 122 Leadenhall Street, also known as The Cheese Grater, was reduced by six months because 83% of the construction works took place off site. By utilising new methods of working, UK construction companies are ready to secure their share of the forecast £200 billion p.a. global market for integrated city systems by 2030.
The UK Government wants to the UK construction industry to lead the world in low-carbon and green construction exports. Fortunately it seems that some of the world's largest engineering companies share that vision. The Crystal, Siemens urban sustainability centre in London, is one of the most sustainable buildings in the world. It houses the largest exhibition of ideas for sustainable urban planning in the world and is geared towards inspiring architects, engineers and planners to reduce global energy consumption, 40% of which is accounted for by buildings.
Construction is seem as a fundamental driver for growth across the entire economy. The Crystal can show us how construction innovation can drive R&D across a range of areas and ideas such as Laing O'Rourke's use of RFID chips in their construction process provides a host of technological advancements that all businesses could benefit from.
"An industry with clear leadership from a Construction Leadership Council" is the goal of the Construction 2025 strategy. What is the Construction leadership council? According the Government:
"The Construction Leadership Council will focus on the delivery of the joint industry and Government commitments. It will oversee the delivery of the Action Plan and the strategic priorities that will allow us to meet our vision for 2025."
As suppliers of portable machine tools for the construction industry, Mirage Machines hopes to contribute the ongoing success of the UK construction sector by providing the most powerful and reliable machine tools that help firms maintain maximum efficiency.