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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

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.


  • EXECUTIVE SUMMARY
  • KEY FINDINGS
  • BIM USE
    • Table Current status of BIM use
    • BIM use to Rise
    • Clear Progress to Higher Levels
    • Expenditure on BIM to pick up
  • BENEFITS AND THE RETURN ON INVESTMENT
    • BIM Provides Cost savings and Operational Efficiencies
    • Key Benefits Include a Reduction in Errors and Omissions
    • High Expectations Regarding Positive Impact on Profits
    • Faster Project Delivery
    • Most Value Derived at the Design Development Stage
    • Need for Improvement in Interoperability
  • BARRIERS TO IMPLEMENTATION
    • Lack of Understanding and Awareness
  • COST SAVINGS AND FEES
    • Cost-Saving Targets are Low
    • Few Charge Additional Fees
  • CONCLUSIONS
  • APPENDIX
    • Further Information
    • Disclaimer

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