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

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


  • Products Id :- CN0002MI
  • |
  • Pages: 20
  • |
  • June 2016
  • |
  • |
  Request for Sample Report

Executive Summary

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.



Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
www.kenresearch.com

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

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

Table 1: Current status of BIM use

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Building Information Management (BIM), value, drivers, barriers, cost savings, fees, BIM levels, projects used on, expenditure on BIM, impact on profitability, return on Investment (ROI), global market


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