{"id":110916,"date":"2020-04-24T10:00:45","date_gmt":"2020-04-24T14:00:45","guid":{"rendered":"https:\/\/www.constructionspecifier.com\/?p=110916"},"modified":"2020-04-27T14:09:37","modified_gmt":"2020-04-27T18:09:37","slug":"new-construction-report-examines-covid-19s-impact-on-the-industry","status":"publish","type":"post","link":"https:\/\/www.constructionspecifier.com\/new-construction-report-examines-covid-19s-impact-on-the-industry\/","title":{"rendered":"New construction report examines COVID-19\u2019s impact on the industry"},"content":{"rendered":"<figure id=\"attachment_110918\" aria-describedby=\"caption-attachment-110918\" style=\"width: 218px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2020\/04\/Opener-23.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-110918\" src=\"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2020\/04\/Opener-23-218x300.jpg\" alt=\"A new report on the construction industry examines the key trends set to shape 2020. Photo courtesy Asite\" width=\"218\" height=\"300\" srcset=\"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2020\/04\/Opener-23-218x300.jpg 218w, https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2020\/04\/Opener-23-364x500.jpg 364w, https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2020\/04\/Opener-23.jpg 450w\" sizes=\"auto, (max-width: 218px) 100vw, 218px\" \/><\/a><figcaption id=\"caption-attachment-110918\" class=\"wp-caption-text\"><span style=\"font-size: 10pt; font-family: arial, helvetica, sans-serif;\">A new report on the construction industry examines the key trends set to shape 2020.<\/span><br \/><em><span style=\"font-size: 10pt; font-family: arial, helvetica, sans-serif;\">Photo courtesy Asite<\/span><\/em><\/figcaption><\/figure>\n<p>Software company <a href=\"https:\/\/www.asite.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Asite<\/a> has launched a new research report on the trends set to impact the construction industry globally in 2020. The report also examines the effect of the COVID-19 pandemic and considers how this will impact the industry in the coming 12 months.<\/p>\n<p>Research was conducted on different regions\u2014namely North America, United Kingdom, Europe, the Middle East, Asia-Pacific, and India\u2014to examine key trends in those regions and their relatedness.<\/p>\n<p>The snapshot report aims to provide the construction industry with a clear view of its future and determines what the industry needs to do to move forward, overcome current challenges, and build on the progress taking place.<\/p>\n<p>\u201cWhen we began our research, we could not have known how drastically the world would change in such a short time. This change and the impact of the COVID-19 outbreak has impacted our findings and will continue to shape our industry long after the pandemic has passed,\u201d said Nathan Doughty, Asite CEO.<\/p>\n<p>Key takeaways from the report in North America include:<\/p>\n<ul>\n<li>expected growth in United States of 2.22 percent by 2022 set to be impacted by COVID-19 pandemic despite government stimulus package;<\/li>\n<li>U.S. Airport improvement plan expected to set infrastructure precedent;<\/li>\n<li>U-turn in Canadian workforce growth expected for 2020; and<\/li>\n<li>North American smart city platform market is expected to register a CAGR of 18 percent between 2020 and 2025.<\/li>\n<\/ul>\n<p>In its conclusion, the report demonstrates how shared trends and developments across regions might offer a solution to the current crisis. Digital engineering and the establishment of strategic operating models are suggested as key to building resilience and safeguarding the industry.<\/p>\n<p>The report also calls on the industry to recognize their interdependence and develop a strategy that is both regionally engaged and globally responsive.<\/p>\n<p>\u201cNow more than ever, I believe our industry needs to come together and operate as the global industry it is to solve future challenges and build resilience,\u201d Doughty added.<\/p>\n<p>To read the report in full, click <a href=\"http:\/\/link.mediaoutreach.meltwater.com\/ls\/click?upn=k4i7TuU03QbK0gFGCk2GbimVbDJhiYbgK9-2BXYRSr8NLVw1rmSQBZ7AV-2FQtAcYHsBSxLmYCe42y6h3pafQl8fTn5LtxrKVFjgjB16bSjBNxpIilr2lIX6ChNzG9OJwojwr9qCxGHblbThnQJ6DDLQQg-3D-3DDu_Z_MZVznKkjiYWsETyXWwQ-2F8qjGYXUNsNdfY34K-2FQyn-2BPv61O8Flo-2BwT6AsXNG7Tov-2BjrEQ76B5-2FYTHD0oSQI5HQcct5LJ8Oq6HwT0m24wcjqdQfJRDSE4mwF5oQwlxK3jC-2Bvf5IFF2Wc-2BC3xATRNFMqtq5VIKwkjc61JoHtpOdCPrAS3MBazJE-2BOQZjdxwjVMqa4kNVdxiIzKHxXL0gBaRWE8K2iY9T01gQtKAWt0s2Ew5BQKHBQEZ7GGJ63QHsHR9edPw-2BntORxSRNAzU4ah79JFGumTcEfqSgBQtNRRyPwtrwARRq9sSLe2i-2B0cWPVz0NWqCXLN-2BWYUjQr6cI45c7x-2FfV3dTWKgbaUqLEsC9xbjBj5EJNQdMO-2FxLYAK5pO4XJPtKj5AudS-2Bw3RyXnPPcDFwSO9eOXMGu8pqyWeaNzzo-3D\" target=\"_blank\" rel=\"noopener noreferrer\">here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Software company Asite has launched a new research report on the trends set to impact the construction industry globally in 2020. The report also examines the effect of the COVID-19 pandemic and considers how this will impact the industry in the coming 12 months.<\/p>\n","protected":false},"author":13542,"featured_media":110917,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1029],"tags":[1337,5769,4515],"class_list":["post-110916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction","tag-covid19","tag-industry-trends","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New construction report examines COVID-19\u2019s impact on the industry - The Construction Specifier<\/title>\n<meta name=\"description\" content=\"Software company Asite has launched a new research report on the trends set to impact the construction industry globally in 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