Building Information Modelling (BIM) Market, Global Outlook and Forecast 2023-2032
Building information modeling (BIM) refers to a parameter based 3D model which can be used to generate design and plan out the entire lifecycle of a construction project. Numerous aspects associated with a construction project including architecture, planning, schedule and cost estimation, among others can be completely covered under a single 3D model with the use of BIM software. Thereby, a model created using a BIM software essentially works as a shared resource for information between various stakeholders in the construction activities. The BIM software has been widely adopted in order to avoid general issues during construction activities and reduce resource wastage. Numerous issues such as miscommunication, lack of coordination and delayed turnover between parties can be effectively addresses with the introduction of BIM software.
This report aims to provide a comprehensive presentation of the global market for Building Information Modelling (BIM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Building Information Modelling (BIM). This report contains market size and forecasts of Building Information Modelling (BIM) in global, including the following market information:
Global Building Information Modelling (BIM) Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Building Information Modelling (BIM) market was valued at US$ 2384.5 million in 2022 and is projected to reach US$ 6315.6 million by 2029, at a CAGR of 14.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major factors which are driving the growth of this market are rapidly increasing construction activities across the globe. Government regulatory bodies are also taking initiatives to raise the adoption of BIM in their respective countries. Adoption by small and medium enterprises is giving momentum to the BIM market. However, the high cost of BIM software and continuous software up gradation are hindering the market growth. It requires trained expertise in order to use it. Thus, low awareness about software handling can hamper the market growth. Nonetheless, technological advancement by some companies that are developing a mobile application to access services will surge demand of BIM market over the forecast period. BIM improve visualization, increased productivity, reduced cost and increased the speed of delivery will enforce the demand of this market in future.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Building Information Modelling (BIM) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Building Information Modelling (BIM) Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Building Information Modelling (BIM) Market Segment Percentages, by Type, 2022 (%)
Software
Services
Global Building Information Modelling (BIM) Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Building Information Modelling (BIM) Market Segment Percentages, by Application, 2022 (%)
Architecture
Sustainability
Structures
Mechanical
Electrical and Plumbing (Mep)
Construction
Facility Management
Global Building Information Modelling (BIM) Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Building Information Modelling (BIM) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Building Information Modelling (BIM) revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Building Information Modelling (BIM) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Autodesk
Bentley Systems
Dassault Syst?mes
AECOM
Tekla Corporation
Nemetschek
Trimble Navigation Limited
Intergraph Corporation
ASSA ABLOY Group
4M Building Solutions
Outline of Major Chapters:
Chapter 1: Introduces the definition of Building Information Modelling (BIM), market overview.
Chapter 2: Global Building Information Modelling (BIM) market size in revenue.
Chapter 3: Detailed analysis of Building Information Modelling (BIM) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Building Information Modelling (BIM) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
