Toll Free: 1-888-928-9744

Market Insight - Building Information Modeling (BIM) in the Global Construction Market

Published: Jun 30, 2016 | Pages: 20 | Publisher: Timetric | Industry: Construction | Report Format: Electronic (PDF)

Synopsis
The report provides detailed market analysis based on a survey of project owners, main contractors, architects and others involved in the construction projects market worldwide to assess the value, key drivers and barriers to implementing BIM and to assess the levels of BIM used currently and likely to be used in the future.

Summary
In the second quarter of 2016 Timetric surveyed over 100 organizations involved in construction projects, including contractors, surveyors, civil engineers and architects, to obtain an understanding of the state of BIM uptake in the global market, and its perceived value, future and effect on return on investment (ROI). The results of this survey show that BIM implementation is on the to-do list for many companies but has not yet achieve widespread use. According to survey results, 41% of respondents do not currently use BIM, 29% do, and 20% are piloting the system, with 10% planning to use it within the next 12 months. The general assessment from respondents was that BIM is going to be the future of the building information industry.
Scope
The report provides detailed market analysis based on a survey of project owners, main contractors, architects and others involved in the construction projects market worldwide to assess the value, key drivers and barriers to implementing BIM and to assess the levels of BIM used currently and likely to be used in the future.

Reasons To Buy
Providing insight into main drivers, barriers and value for the use of BIM by project owners of main contractors, main contractors, architects and others in the industry

Key Highlights
The report provides detailed market analysis based on a survey of project owners, main contractors, architects and others involved in the construction projects market worldwide to assess the value, key drivers and barriers to implementing BIM and to assess the levels of BIM used currently and likely to be used in the future. The results of this survey show that BIM implementation is on the to-do list for many companies but has not yet achieve widespread use. According to survey results, 41% of respondents do not currently use BIM, 29% do, and 20% are piloting the system, with 10% planning to use it within the next 12 months. The general assessment from respondents was that BIM is going to be the future of the building information industry.
 Table of Contents
1. EXECUTIVE SUMMARY 2. KEY FINDINGS 3. BIM USE 3.1. BIM use to Rise 3.2. Clear Progress to Higher Levels 3.3. Expenditure on BIM to pick up 4. BENEFITS AND THE RETURN ON INVESTMENT 4.1. BIM Provides Cost savings and Operational Efficiencies 4.2. Key Benefits Include a Reduction in Errors and Omissions 4.3. High Expectations Regarding Positive Impact on Profits 4.4. Faster Project Delivery 4.5. Most Value Derived at the Design Development Stage 4.6. Need for Improvement in Interoperability 5. BARRIERS TO IMPLEMENTATION 5.1. Lack of Understanding and Awareness 6. COST SAVINGS AND FEES 6.1. Cost-Saving Targets are Low 6.2. Few Charge Additional Fees 7. CONCLUSIONS 8. APPENDIX 8.1. Further Information 8.2. Disclaimer
List of Tables
Table 1: Current status of BIM use


List of Figures
Figure 1: General views on BIM Figure 2: Percentage of projects that currently use BIM Figure 3: Percentage of projects on which BIM will be used in 2020 Figure 4: BIM levels currently used Figure 5: BIM levels used over the next 2 years Figure 6: BIM levels used over the next 3-5 years Figure 7: Changes in organizations' expenditure on BIM over the next 12 months Figure 8: Factors influencing decisions to implement BIM- for respondents using BIM or planning to use BIM within 1 year Figure 9: Factors influencing decisions to implement BIM- for respondents piloting or testing BIM Figure 10: Factors influencing decisions to implement BIM- for respondents not using BIM Figure 11: Major benefits received / expected to be received from BIM implementation Figure 12: Stakeholders perceived to be getting most value from BIM Figure 13: Impact on profitability over the year following BIM implementation Figure 14: The impact of BIM on improving ROI- for respondents using BIM or planning to use BIM within 1 year Figure 15: Expected impact of BIM on improving ROI- for respondents piloting or testing BIM Figure 16: Expected impact of BIM on improving ROI- for respondents not using BIM Figure 17: Stages of a project at which BIM provides most value Figure 18: Measures that could help improve the value of BIM Figure 19: Key barriers to BIM implementation- for respondents using BIM Figure 20: Key barriers to BIM implementation- for respondents piloting BIM Figure 21: Key barriers to BIM implementation- for respondents not using BIM Figure 22: Cost-saving targets for the year following BIM implementation Figure 23: Cost-saving targets expected to be set the year following BIM implementation Figure 24: Additional fee charged when required to produce offerings in BIM specification

To request a free sample copy of this report, please complete the form below.

This website is secure and your personal details are safe. Privacy policy

Global embedded system market is projected to be valued at USD 214.39 billion by 2020, as per a new research report by Radiant Insights, Inc. Rising demand from end-use industries such as automotive and healthcare coupled with emergence of Internet o

Read More...

Global coated fabrics market size forecast is estimated at USD 22.57 billion by 2020; as per a new research report by Radiant Insights, Inc. Increasing production of seat covers & airbags for automobile applications is likely to favor market growth.

Read More...

Global automotive ECU market is projected to be valued at USD 45.98 billion by 2020, as per a new research report by Radiant Insights, Inc. Rising use in infotainment systems coupled with high deployment in electric vehicles applications is expected

Read More...

Global agricultural films market size is anticipated to reach USD 10.5 billion by 2020, as per a new research report by Radiant Insights, Inc. Increasing need to raise agricultural productivity, in order to meet surplus demand by growing population i

Read More...

Global fingerprint access control systems market size is estimated to reach USD 4.4 billion by 2022, as per a new research report by Radiant Insights, Inc. Growing safety and security concerns of individual as well as organization is projected to dri

Read More...
Choose License Type
Single User - US $3950
Multi User - US $7900
Why Choose Us

24/5 Research support

Get your queries resolved from an industry expert. Request for a free product review before report purchase.

Phone: 1-415-349-0054

Toll Free: 1-888-928-9744

Email: [email protected]

Custom research service

Speak to the report author to design an exclusive study to serve your research needs.

Quality assurance

A testimonial for service excellence represented in the form of BBB "A" Accreditation.

Information security

Your personal and confidential information is safe and secure.

verify