Specialty Trade Contractors Global Market Forecast To 2022

Asia Pacific was the largest region in the global specialty trade contractors market, accounting for 40% of the market in 2018. Western Europe was the second largest region accounting for 24% of the global specialty trade contractors market. Africa was the smallest region in the global specialty trade contractors market.

Specialty Construction Contractors are using building information modeling (BIM) to improve labor productivity, customer management and material handling. BIM is a digital representation or 3D model of a building, which can be used to efficiently plan, design, construct and manage buildings. Contractors use BIM to design structures, lighting, HVAC systems and mechanical, electrical and plumbing systems. It can be also used for clash detection and interference management, shop drawing review, cost estimation and safety analysis. Electrical and mechanical contractors also use BIM to supplement their prefabrication capabilities. BIM results in reduced rework, improved coordination among workers and higher quality of finished projects. According to the 2012 Productivity Survey by FMI, a US-based management consulting firm, about 62% of construction contractors have increased labor productivity by implementing BIM.

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