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BUILDING INFORMATION MODELLING

The building information modeling (BIM) market is expected to grow from USD 3.16 billion in 2016 to USD 7.64 billion by 2022, at a CAGR of 16.51% during the forecast period. The objectives of the report includes forecast of the BIM market size in terms of value for BIM software and services. Further, it includes the detailed information regarding the drivers of the BIM market such as the enhanced communication and coordination throughout the asset lifecycle management process due to adoption of BIM. It also includes detailed information about the restraints, opportunities, and challenges in the Building information modeling market. The study of the value chain and analysis of the impact of Porter’s five forces on the market is also one of the objectives of the report which includes the study of the impact of the Porter’s five forces, namely, threat of substitutes, intensity of competitive rivalry, threat of new entrants, bargaining power of buyers, and bargaining power of suppliers on the BIM market.

Years considered for this report:

  • Base Year: 2016
  • Estimated Year: 2017
  • Projected Year: 2022
  • Forecast Period: 2017–2022

Market Dynamics

Drivers

  • Optimized project performance and increased productivity
  • Enhanced communication and coordination throughout the asset lifecycle management process
  • Government mandates for the usage of BIM in several developed countries

Restraints

  • High costs of BIM software required for the execution of processes
  • Long training periods decreasing the productivity of companies

Opportunities

  • Growing demand for green buildings
  • Need for integrated process for designing, collaboration, and coordination in the AEC industry

Challenges

  • Lack of information and awareness about BIM

Optimized project performance and increased productivity due to adoption of BIM

The increasing costs of labors and materials in the construction industry are leading to the requirement of new processes, technologies, and solutions, which would consume lesser time and save money. BIM enables the virtual construction of a building in a 3D space, prior to the construction process. It also provides 4D (time) and 5D (cost) estimation of a project. This process enables users to discover interference- and construction-related problems before they arise, thereby saving time and money incurred in the production phase of a construction process. BIM increases a project’s overall performance by providing 3D modeling and visualization; 3D coordination, prefabrication, construction planning, and monitoring; cost estimation; and record model. These features of BIM work as drivers for the growth of the BIM market.

 

Building Information Modeling Market

 

Major players of the BIM ecosystem were identified across regions, and their offerings, distribution channels, and regional presence is understood through in-depth discussions. Also, average revenue generated by these companies, segmented by region, is used to arrive at the overall BIM market size. This overall market size is used in the top-down procedure to estimate the sizes of other individual markets through percentage splits from secondary sources directories, databases such as Hoovers, Bloomberg Business week, Factiva, OneSource, and primary research. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interview with industry experts such as CEOs, VPs, directors, and marketing executives for key insights.

 

 

Building Information Modeling Market

The Building information modeling market ecosystem includes BIM software and services providers such as Autodesk Inc. (U.S.), Nemetschek SE (Germany), Trimble Navigation Limited (U.S.), Bentley System, Inc. (U.S.), Asite Ltd. (U.K.), AVEVA (U.S.), RIB Software AG (Germany), Dassault Systèmes (France), Archidata Inc. (Canada), Intergraph Corporation (U.S.), Beck Technology, Ltd. (U.S.), Computers and Structures, Inc. (U.S.), Robert McNeel & Associates (U.S.), and Cadsoft (U.S.) among others.

Key Target Audience:

  • End users of BIM software and services such as construction managers/general contractors, architects, owners, engineers, and others  
  • Building information modeling (BIM) software and service providers
  • Research organizations and consulting companies
  • Associations, organizations, forums and alliances related to BIM
  • Government bodies such as regulating authorities and policy makers
  • OEMs – white label manufacturing for others in bulk volume
  • Industry associations
  • Market research and consulting firm

 

Report Scope:

In this report, the Building information modeling market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

 

Market, by Type

  • Software
    • Architectural Design
    • Construction
    • Sustainability
    • Structures
    • Mechanical, Electrical, and Plumbing (MEP)
    • Facility Management
  • Services
  • Project Management Support
  • Software Support and Maintenance

Market, by Project Life cycle

  • Pre-Construction
  • Construction
  • Operation

Market, by Application

  • Buildings
  • Civil Infrastructure
  • Oil & Gas
  • Industrial
  • Utilities
  • Others

Market, by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • APAC
    • China
    • Japan
    • South Korea
    • Singapore
    • Australia
    • Rest of APAC
  • ROW
    • The Middle East and Africa
    • South America

Competitive Landscape

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The building information modeling (BIM) market is expected to grow from USD 3.56 billion in 2017 to USD 7.64 billion by 2022, growing at a CAGR of 16.51% between 2017 and 2022. The key factors driving this market have been the optimized project performance and increased productivity; enhanced communication and coordination throughout the asset lifecycle management process in the construction industry due to adoption of BIM; and government mandates for the usage of BIM in several developed countries.

Among all the major applications of the BIM market, the industrial application is expected grow at a significant rate during the forecast period. Building information modeling provides digital prototyping analysis and simulation, thereby shortening the construction period while consistently improving productivity and reducing risks associated with construction projects in the industrial sector. This fact is expected to propel the growth of the market for industrial application between 2017 and 2022.

As of 2016, the software held a major share of the BIM market. The key factors driving the BIM market for software include the high demand for cost-effective processes and benefits of design modeling software for various construction projects. However, the market for services is expected to grow at the highest rate between 2017 and 2022. This growth can be attributed to the benefits offered by integrated building information modeling services in the construction process such as 2D drawings, 3D modeling, 4D scheduling, and 5D estimating power; and change management, clash management, visualization, layout, quantity take off, scheduling, and production control.

The pre-construction phase is expected to hold a major share of the BIM market As BIM helps AEC service providers improve accuracy, efficiency, and productivity pertaining to various construction projects, the adoption of BIM for pre-construction phases is increasing. However, the market for construction phase is expected to grow at the highest rate during the forecast period.

In terms of geography, the market in North America is expected to have the largest market share between 2017 and 2022. The stabilized constructions of commercial and residential buildings coupled with growing awareness about the benefits of BIM among the constructors and contractors in North America have been the key driving factor for the North American market. The European market is expected to capture the second largest share during the forecast period. The buildings, civil infrastructure, and industrial applications are expected to be the leading segments in the European Building information modeling market.