Construction Wearables Market

Construction smart wearable is a high-tech device worn by workers to enhance their safety and productivity. The rapid expansion of the construction industry, coupled with significant investments in new technologies, is fueling the demand for smart wearables. These solutions are a cost-effective and safer way to prevent accidents on the job site. Most items are purchased to ensure worker safety. Boots, smart watches, vests, and exoskeletons are purchased to protect and keep workers safe. Exosuits are designed to lift heavy weights with less stress to the body. Owing to the use of smart wearables, workers are able to execute the same tasks with less danger.

Market Scope and Structure Analysis

Description

Industrial wearables are widely adopted in residential, commercial, and infrastructure. As a result of large-scale structural operations and high budgets, civil engineering organizations are expected to invest more in technologically advanced gadgets. Another driving force for demand in this area is the increase in commercial buildings as industrialization progresses. Products such as watch, helmet, boots, AR glasses, vest, and exoskeletons are used as smart wearables. Civil engineering firms are investing a significant amount of money in cutting-edge technology and products to improve project efficiency and accuracy. AR glasses and helmets are the industry's most popular devices. The main elements driving demand in this area are improved outcomes in site monitoring, quality checks, measurements, and analyzing defaults.

COVID-19 Impact analysis

• The COVID-19 pandemic halted the production of various products in the construction wearables industry, which is attributed to the global lockdown. This has hampered the growth of construction wearables market from the last few months and is likely to continue through 2022.
• COVID-19 affected the sales of construction wearables in the first quarter of 2022 and is anticipated to have a negative impact on the market growth throughout the year.
• The major demand for construction wearables was previously noticed from giant manufacturing countries, such as North America, Europe, Asia-Pacific, and South America, which are negatively affected by the spread of the coronavirus, thereby declining the demand for wearables.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Construction wearables manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis.
• Construction wearables manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distance, and ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce. 

Top Impacting Factors

There is an increase in adoption of new technology in construction sector. This is beginning to bring a change, with many construction businesses delving deeply into industry 4.0 and incorporating more connected devices on the jobsite. One of the most exciting and popular components of this digital revolution is wearable technology. Furthermore, construction smart wearable market is expected to grow as the need to reduce accidents on construction sites and the desire for technologically advanced solutions increase. OSHA and other organizations’ strict regulatory rules on worker safety led to the investment of new safety solutions. 

• In addition, artificial intelligence has infiltrated almost every business, and infrastructure is no exception. Industry standards raised as a result of this new technology and its sub-products. The technology improved site accuracy in terms of survey, material quality, and production estimations, in addition to detecting falls, location, and health activities.
• In December 2021, RealWear introduced Navigator 500, the most advanced industrial strength wearable for frontline workers. The RealWear Navigator 500 is an advanced solution that integrates software, hardware, and cloud-ready services into a robust design that is one-third lighter and smaller than prior generations, making it simpler for frontline employees to wear the device for entire duration of their shift.
• In October 2021, Kenzen agreed to partner with McCarthy Building Companies, Inc. to boost their wearable heat safety technology. Kenzen's smart PPE devices monitor workers' heat status in hot situations, assisting in the prediction and prevention of heat stress and disease. Companies are learning how to use this technology to reduce the risk of heat sickness and protect overall health of construction workers.
• In December 2020, StrongArm Technologies introduced its smallest, advanced, and toughest safety wearable FUSE FLEX. It provides 360-degrees safety and monitors ergonomic injury and proximity detection in real time through audio, tactile, and visual alarms. 

Key Benefits of the Report

• This study presents the analytical depiction of the construction wearables industry along with the current trends and future estimations to determine the future investment pockets.
• The report presents detailed information related to key drivers, restraints, opportunities, and market share of construction wearables.
• A quantitative analysis highlights the construction wearables growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed construction wearables analysis based on competitive intensity and how the competition will take shape in coming years.

 Construction Wearables Market Report Highlights