Global Building Information Modeling (BIM) In Construction Market Insights Forecasts to 2033

• The Global Building Information Modeling (BIM) In Construction Market Size was Valued at USD 4.39 Billion in 2023
• The Market Size is Growing at a CAGR of 15.22% from 2023 to 2033
• The Worldwide Building Information Modeling (BIM) In Construction Market Size is Expected to Reach USD 18.10 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global Building Information Modeling (BIM) In Construction Market Size is Anticipated to Exceed USD 18.10 Billion by 2033, Growing at a CAGR of 15.22% from 2023 to 2033.

Market Overview

Building Information Modeling (BIM) is a collaborative process that helps design, build, maintain, and use buildings. It involves creating and managing a digital representation of a building throughout its lifecycle, from planning to demolition. BIM is a multidisciplinary process that involves sharing information between all parties involved in a building project. It uses a range of data sources and software tools to create a 3D model that can be used by many different stakeholders, including planners, designers, engineers, contractors, managers, and owners. Government requirements for BIM usage are on the rise, leading to a greater need for enhanced collaboration and project efficiency. Sustainability concerns are also increasing, alongside expanding construction projects. BIM software is advancing technologically, furthermore, there is a growing necessity for improved data coordination among stakeholders throughout the construction process, including architects, engineers, and contractors, these are the factors responsible for the growth of the market.

Report Coverage

This research report categorizes the market for building information modeling (BIM) in construction based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing building information modeling (BIM) in construction market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the building information modeling (BIM) in construction market.

Driving Factors

The construction industry has been positively impacted by building information modeling software, leading to improved efficiency and productivity on construction sites. This technology automates different construction processes, reducing the potential for human error throughout pre-construction, construction operations, and post-construction. Integration of BIM into construction activities enables better planning of tasks, including material management and execution time, resulting in time savings and a more streamlined construction process. BIM is also utilized to accurately predict building construction costs, enhancing cost-effectiveness and further driving the market for BIM in construction.

Restraining Factors

The sharing of vast project data among various stakeholders in BIM raises concerns about data security and privacy, potentially compromising data integrity and confidentiality. Cyberattacks could harm stakeholder reputations, leading to fines, legal action, litigation, and other consequences, posing a significant risk to BIM adoption, especially in the construction sector. The application of BIM in the building industry requires skilled specialists who can operate the program and interpret the data accurately before implementing it on-site.

Market Segmentation

The building information modeling (BIM) in construction market share is classified into phases of work and application.

• The construction segment is estimated to hold the highest market revenue share through the projected period.

Based on the phase of work, the building information modeling (BIM) in construction market is classified into construction and operation. Among these, the construction segment is estimated to hold the highest market revenue share through the projected period. The construction sector considers the use of BIM technology throughout the construction process. The construction process is highly complex and comprises tasks like model-based scheduling, model-based coordination, quantification and evaluation, and clash prevention. It calls for careful planning and implementation to prevent time and money wasted on resource procurement, incorrect data interpretation on the job site, resource and time management, and other issues. These tasks are made more accessible by BIM, which promotes their use during the construction phase. Additionally, the usage of IoT-based wearables to access 3D models and data can improve the integration of BIM on-site.

• The non-residential segment is anticipated to hold the largest market share through the forecast period.

Based on the application, the building information modeling (BIM) in construction market is divided into residential, non-residential, industrial, government, AEC professionals, and consultants & facility managers. Among these, the non-residential segment is anticipated to hold the largest market share through the forecast period. Non-residential construction projects encompass infrastructure, industrial buildings, hospitals, hotels, and other facilities. Infrastructure projects such as bridges, highways, and tunnels can be designed and planned using building information modeling (BIM) prior to construction. BIM software can be utilized to manage resource usage, calculate imposed loads, and create virtual 3D models. Large-scale non-residential construction projects typically involve complex planning, design, and management of assets, resources, personnel, and equipment. The use of BIM in non-residential building projects enhances project productivity and reduces operational delays across various construction projects.

Regional Segment Analysis of the Building Information Modeling (BIM) In Construction Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the building information modeling (BIM) in construction market over the predicted timeframe.

North America is anticipated to hold the largest share of the building information modeling (BIM) in construction market over the predicted timeframe. The North American building information modeling market is expected to expand due to the rapidly increasing urban population and growing government expenditure. Market growth is likely to be boosted by the adoption of advanced digital tools and the government's requirement to implement BIM software. The utilization of the BIM approach is aimed at improving productivity during project design and construction phases, reducing project-related errors, and achieving a favorable return on investment. The widespread adoption of advanced technologies in the construction sector is being driven by a strong economic position and active government support, further fueling the growth of the region's BIM market.

Europe is expected to grow at the fastest CAGR growth of the building information modeling (BIM) in construction market during the forecast period. The potential of BIM to enhance productivity and efficiency in the construction sector has been acknowledged by the European Commission, which has initiated various efforts to promote its adoption. BIM is being utilized in a broad range of construction endeavors across Europe, encompassing small-scale residential structures and large-scale infrastructure projects. European governments are at the forefront of driving the implementation of BIM, with many countries enacting BIM requirements and guidelines for public sector ventures.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the building information modeling (BIM) in construction market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Autodesk Inc.
• Aveva Group Plc
• Bentley Systems
• Incorporated
• Dassault Systèmes
• Hexagon Ab
• Nemetschek Se
• Oracle Corporation
• Procore Technologies Inc.
• Trimble Inc.
• Vizerra Sa.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In July 2024, Trimble announced that its 3D modeling software, SketchUp, has been selected as the primary BIM/CIM solution for Taisei Corporation's civil engineering projects. From planning and design to construction and operations, SketchUp models can advance collaboration, unlock efficiencies, and increase competence.

• In June 2024, The Korea Airports Corp. (KAC) execute Building Information Modeling (BIM) for a new airport on Gadeok Island off the coast of Korea's southern port city of Busan, the company announced. The airport is slated to be completed by the end of 2029.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the building information modeling (BIM) in construction market based on the below-mentioned segments: 

Global Building Information Modeling (BIM) In Construction Market, By Phase of Work

• Construction
• Operation

Global Building Information Modeling (BIM) In Construction Market, By Applications

• Residential
• Non-Residential
• Industrial
• Government
• AEC Professionals
• Consultants & Facility Managers

Global Building Information Modeling (BIM) In Construction Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa