5 Key Takeaways from BuiltWorlds’ 2024 Tools, Equipment, and Robotics Benchmarking Report

Tools-Equipment

The construction industry is currently experiencing a technological transformation driven by the need for increased efficiency, sustainability, and safety on jobsites. BuiltWorlds' 2024 Tools, Equipment, and Robotics Benchmarking Report sheds light on the current state of technology adoption within this crucial sector. The report reveals a mixed landscape, where some technologies are being widely adopted while others are lagging behind. By examining key areas such as fleet management, equipment fuel alternatives, robotics, and safety solutions, the report provides valuable insights into the industry's progress and the challenges that remain in this space.

Advanced Fleet Management Technologies Drive Efficiency

Fleet management and monitoring solutions are essential for construction firms. Over 50% of companies have integrated these technologies into their projects, leading to improved operations, cost savings, and enhanced safety. These solutions offer real-time tracking, performance analytics, and proactive maintenance for more efficient project execution.

Diverse Adoption Levels Across Technological Areas

The report shows that construction firms have varying levels of technology adoption. Fleet management and monitoring solutions are widely used, while equipment and machinery marketplace solutions have lower adoption rates. This reflects the industry's uneven progress toward full digitization.

Emphasis on Emerging Equipment Fuel Alternatives

The construction industry is shifting to more sustainable fuel options, like battery-powered and electric machinery, biofuels, and hydrogen fuel cells, but financial constraints and infrastructural challenges are hindering widespread adoption.

Robotics Are (Slowly) Revolutionizing Construction Practices

The integration of robotics in construction is gaining momentum. Robots automate complex tasks like bricklaying, demolition, and prefabrication, boosting efficiency and safety. Many companies are in the early stages of robotic adoption, signaling substantial growth potential in this area.

Safety Solutions Lag Behind in Adoption

Equipment safety solutions, despite their critical importance, have not been widely adopted across the industry. The report shows that while some companies have integrated these solutions into their operations, many others are either piloting them or not using them at all. This highlights a gap in the industry's focus on safety technologies, which could be addressed through better communication, training, and demonstrating the cost-effectiveness of these safety tools.

BuiltWorlds Tools, Equipment, and Robotics Research Track

The BuiltWorlds Tools, Equipment, & Robotics Research Track provides companies the opportunity to better identify and understand trends and emerging technologies and to collaborate in support of better machinery to help the industry work more productively and more safely.

For more information, click here.