The global AEC industry is booming with a forecasted annual growth rate of 10.3%, and it is expected to reach $24 billion in revenue by 2032. Additionally, non-residential construction grew by nearly 20% in 2023 — a growth rate not seen since before the Great Recession. This growth is attributed to infrastructure demand, government stimulus, energy transition and new post-COVID customer demands.
However, along with this growth, the AEC industry has also experienced some significant challenges, including the rising costs of energy, materials and wages, as well as labor shortages and economic uncertainty. Despite these obstacles, executives say they’re optimistic and are proactively preparing their firms to operate more efficiently.
Against this landscape, firms face four key industry trends:
Since AEC firms must convey various design iterations, traditional 2D printing of these materials remains a key component of project workflows, especially in fieldwork. On-site teams still need hard copies of schematics for precise measurements and mark-ups or to review site plans in areas without reliable internet. Firms also need printed materials for contractual purposes, recordkeeping and regulatory compliance.
The volume of printing required depends on the size, scale and timeline of projects and workflows. Projects can span months or years, with many moving parts. Firms often need to produce hundreds or even thousands of large-format blueprints, schematics and drawings for every stage of a complex project.
Frequent project changes and cost overruns are another factor in print volume. A survey of senior AEC executives found that construction projects typically exceed their budgets and schedules by as much as 30% to 45%. In another survey, contractors said that managing cost volatility was their top priority. Inaccurate or delayed printing of large-format materials can exacerbate these problems and lead to costly errors and further project delays.
Choosing the right print technology can help firms meet challenges. Here are seven technological breakthroughs that have made large-format printing more energy- and cost-effective:
Although AEC firms have traditionally outsourced printing of large-format materials such as technical drawings and blueprints, the digital transformation of large-format printing has resulted in innovations that make producing these materials in-house easier and more accessible than ever before.
As technology matures and users’ technical know-how increases, it has become easier to harness the speed and cost savings of in-house printing. The typical cost to outsource printing of large-format materials is $2 to $5 per square foot for monochrome blueprints and even more for color prints. Revisions, which are inevitable, drive up the cost further. For a medium-size firm, this could amount to tens of thousands of dollars per year.
In-house printing offers tremendous potential for long-term cost savings. Outsourcing this printing to reprographic vendors can often cost thousands of dollars per project, depending on the complexity, volume and number of revisions. It also requires dedicated staff to manage coordination, pick up new prints and ensure timely delivery to stakeholders. According to customer data, AEC firms can save 46% or more when switching from outsourced to in-house printing.
Firms can reap a number of benefits by switching from outsourced to in-house printing of large-format materials:
Modern print technology has long-term implications for AEC firm growth and competitive advantage. The hardware now features improved ink formulations and is optimized for high-speed, high-volume output while still maintaining exceptional detail. They are also faster, more reliable and can support a wide range of media including bond paper, technical paper and presentation boards.
Here are a few questions to explore when considering bringing your large-format printing function in-house:
Bringing print capabilities in-house by investing in the latest technology could be a smart move. The key is understanding the technology that is available and running an analysis as to how it can increase speed and efficiency while lowering costs for your firm. When comparing outsourcing your production to handling it in-house, it is important to assess the total cost of equipment ownership over its lifecycle, along with equipment acquisition costs, operating expenses and maintenance. The decision ultimately hinges on balancing up-front costs with ongoing operational needs.
With over 25 years of experience in the printing and imaging industry, Mark Villari serves as the National Director of Wide Format for Flex Technology Group. Bringing a proven track record in both sales and service leadership, his career spans a range of experience that reflects deep technical knowledge and a passion for innovation. Mark is committed to delivering cutting-edge technology and tailored solutions to customers that drive growth by aligning the latest advancements with real-world business needs.
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