According to the new market research report by IndustryARC titled “European Building Information Modeling MarketBy Type (Software, Services), By End-User (Architects, Engineer, Owners), By Vertical (Commercial, Residential, Educational) & By Country (Austria, Germany & Switzerland) – Forecast (2018-2023)”, the market is driven by the increasing government and private investments from the developing economies in Europe, along with the government regulations mandating the adoption of BIM.
Contractors segment to dominate the Europe Building Information Modeling Market
In 2015, the contractor’s segment reached $254.22 million. It is expected to reach$ 898.08 million by 2023 at a CAGR of 16.47% during the forecast period. Contractors can make use of BIM as a simulation of the actual project which ensures a better quality of the project. They access information through periodic drawings, reports, drawings, work schedules, and others. The growing adoption of BIM is a major shift in ICT (Information and Communication Technology) and digital construction procedures in the architecture and engineering construction sector. developments in information technology that allow the contractors to access more accurate visual information about the projects will enhance the growth of this segment in the coming years.
Selected Analysis done in the full Report:
The residential sector reached a revenue of $153.49 million by 2017. It is expected to reach a revenue of $274.69 million by 2023 at a CAGR of 10.19%. The residential sector consists of multi-family apartments, condos and independent housing constructions such as villas, mansions, bungalows etc. Building Information Modeling is an essential requirement for home constructors to compete in the residential market. Deployment of home building business that supports the BIM implementation in residential projects require a high initial investment for new software, training, or hiring BIM experts. The various software used in the residential sector include VisionREZ, Vertex BD, Envisioneer, ARCHICAD 19 Solo, SoftPlan, FreshBrix, and others.
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Excerpts on European Building Information Modeling Market Growth Factors
• The recent boom in the Public infrastructure and other renovation projects is driving the European Building Information Modeling Market.
• Emphasis to reduce construction failure and operational costs will pave the way for BIM in construction projects.
• There is a need for automated and digital models such as BIM, which aids to enhance the efficacy of the construction projects, and also reduce costs.
Key players of the European Building Information Modeling Market
Nemetschek AG and Autodesk are the dominant players in the European Building Information Modeling Market. Nemetschek AG provides solutions of computer-aided design (CAD) and computer-aided engineering (CAE) to architects, civil engineers, structural designers, design planners. Autodesk has acquired Delcam Ltd. (U.K.) to improve the business, better products,
improve customer support, and implement smarter marketing. It has acquired netfabb GmbH (Germany) to provide software solutions that reduce production costs and increase efficiency in 3D printing.
Europe Building Information Modeling market is segmented as below
Growth of the construction sector and government regulations drive the growth of the European Building Information Modeling Market.
A. European Building Information Modeling Market By Type
B. European Building Information Modeling Market By Industry Vertical
3. Public Infrastructure
8. Sports and Entertainment
C. European Building Information Modeling Market By Geography (covers 4+ countries)
D. European Building Information Modeling Market Entropy
Companies Cited / Interviewed
2. ABM EUROPE
3. WS ATKINS PLC
4. BENTLEY SYSTEMS INC
5. BIM TECHNOLOGIES
6. DASSAULT SYSTÈMES
7. NEMETSCHEK SE
9. SIEMENS AG
10. TRIMBLE INC
11. Company 15+
What can you expect from the report?
The European Building Information Modeling Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends &Relevant Market Data 12. Country-level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End-user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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