Perspectives: Construction Tech in Southeast Asia
Source: LinkedInConstruction Tech in Southeast Asia
Presently, the construction industry in Southeast Asia faces a perfect storm with challenges such as rising labour and material costs. However, therein lies opportunities for players to emerge, especially with increased demand for energy and resource optimization (e.g., through new technologies such as green construction).
Here’s a glimpse into what this TNB Aura Perspectives unveils:
i. Challenges
We delve into the industry’s headwinds, including labour shortages, inflation, and the need for greener practices.
ii. Market Potential
We explore the massive regional market valued at US$450 billion and projected to hit US$1.4 trillion by 2028.
iii. Winning Models
We analyse key construction tech models like Marketplaces, Collaboration Software, and Frontier Tech & Robotics.
iv. Building Success
We outlined four crucial characteristics for construction tech companies to achieve success, including strategic expansion and fostering strong customer relationships.