In 2021, the construction industry in the United Kingdom (UK) is forecast to spend close to one billion U.S. dollars on software. By 2024, the construction industry's spending is projected to increase to around 1.5 billion U.S. dollars.

This statistic illustrates the compensation of employees from the construction industry in the United Kingdom from 1997 to 2018. From 2009 to 2016 the value of employee compensation in the construction industry rose steadily, eventually reaching more than ** billion British pounds in 2016.

This statistic displays the annual turnover of the construction sector in the United Kingdom from 2009 to 2018. During this period the annual turnover of the construction sector increased. In 2009 the annual turnover amounted to approximately ***** billion British pounds, by 2018 the turnover had increased to approximately *** billion British pounds, which was the highest turnover recorded during the period concerned.

The production value of the construction industry in the United Kingdom increased by 25.7 billion euros (+8.91 percent) in 2018 in comparison to the previous year. In total, the production value amounted to 314.1 billion euros in 2018. This increase was preceded by a declining production value in this industry.The value of production is defined by Eurostat as the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services.

Construction Output Price Indices (OPIs) from January 2014 to December 2024, UK. Summary.

The construction sector in the United Kingdom was responsible for consuming some ******* metric tons of oil equivalent renewable and waste energy in 2018. Renewable energy consumption had notably increased since 1990, when only ***** metric tons of renewable energy were used.

United Kingdom Construction Output Val: SE: CT: NW: Other: Private Industrial data was reported at 185.972 GBP mn in Jun 2018. This records an increase from the previous number of 150.727 GBP mn for Mar 2018. United Kingdom Construction Output Val: SE: CT: NW: Other: Private Industrial data is updated quarterly, averaging 126.915 GBP mn from Mar 1980 (Median) to Jun 2018, with 154 observations. The data reached an all-time high of 217.000 GBP mn in Mar 2004 and a record low of 65.000 GBP mn in Mar 1993. United Kingdom Construction Output Val: SE: CT: NW: Other: Private Industrial data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.EA028: Construction Output Value: By Region.

The global market size of Construction is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Construction Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Construction industry. The key insights of the report:
1.The report provides key statistics on the market status of the Construction manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Construction industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Construction Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Construction as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Construction market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

The turnover of the construction industry in the United Kingdom increased by 29.6 billion euros (+10.32 percent) in 2018. In total, the turnover amounted to 316.5 billion euros in 2018. This increase was preceded by a declining turnover in this industry.Turnover is defined by Eurostat as the total of all sales (excluding VAT) of goods and services carried out by the enterprises of a given sector during the reference period.

United Kingdom Construction Output Val: EE: CT: NW: Other: Private Industrial data was reported at 112.016 GBP mn in Jun 2018. This records a decrease from the previous number of 119.025 GBP mn for Mar 2018. United Kingdom Construction Output Val: EE: CT: NW: Other: Private Industrial data is updated quarterly, averaging 91.500 GBP mn from Mar 1980 (Median) to Jun 2018, with 154 observations. The data reached an all-time high of 198.000 GBP mn in Mar 2007 and a record low of 46.000 GBP mn in Jun 1983. United Kingdom Construction Output Val: EE: CT: NW: Other: Private Industrial data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.EA028: Construction Output Value: By Region.

The number of enterprises in the construction industry in the United Kingdom increased by 11,047 enterprises (+3.34 percent) in 2018 in comparison to the previous year. While the growth in this industry is slowing down, with 341,592 enterprises, the number of enterprises is at its peak in the observed period. According to Eurostat, this includes all companies that were active during at least a part of the reference period.

Denmark Imports: UK: IG: Construction Industry (CI) data was reported at 156.000 DKK mn in May 2018. This records a decrease from the previous number of 163.700 DKK mn for Apr 2018. Denmark Imports: UK: IG: Construction Industry (CI) data is updated monthly, averaging 99.500 DKK mn from Jan 1988 (Median) to May 2018, with 365 observations. The data reached an all-time high of 220.400 DKK mn in May 2012 and a record low of 28.200 DKK mn in Jan 1988. Denmark Imports: UK: IG: Construction Industry (CI) data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.JA018: Imports: by Broad Economic Category 2-Digit: United Kingdom.

United Kingdom Bank Lending: UR: GBP: LR: Construction data was reported at 31,942.000 GBP mn in Sep 2018. This records a decrease from the previous number of 32,584.000 GBP mn for Jun 2018. United Kingdom Bank Lending: UR: GBP: LR: Construction data is updated quarterly, averaging 15,399.000 GBP mn from Dec 1986 (Median) to Sep 2018, with 128 observations. The data reached an all-time high of 55,015.000 GBP mn in Mar 2011 and a record low of 5,253.000 GBP mn in Dec 1986. United Kingdom Bank Lending: UR: GBP: LR: Construction data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB009: Bank Lending to UK Residents: By Industries: GBP: Long Run.

The production value of the construction of buildings industry in the United Kingdom increased by 14.5 billion euros (+11.69 percent) since the previous year. In total, the production value amounted to 138.6 billion euros in 2018. The value of production is defined by Eurostat as the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services.Find more statistics on the construction of buildings industry in the United Kingdom with key insights such as number of enterprises, turnover, personnel costs, and number of employees.

United Kingdom New Construction Order: Value: Other: EI: Private Industrial data was reported at 1,177.000 GBP mn in Jun 2018. This records a decrease from the previous number of 1,374.000 GBP mn for Mar 2018. United Kingdom New Construction Order: Value: Other: EI: Private Industrial data is updated quarterly, averaging 758.000 GBP mn from Mar 1958 (Median) to Jun 2018, with 242 observations. The data reached an all-time high of 1,834.000 GBP mn in Dec 2005 and a record low of 107.000 GBP mn in Dec 1958. United Kingdom New Construction Order: Value: Other: EI: Private Industrial data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.EA001: New Construction Order: Value and Volume.

The Polish construction industry regained growth momentum in 2018, with output expanding by 17.0% in real terms – up from 6.5% in 2017. Growth during the review period was supported by public and private sector investment in residential, industrial, commercial and transport infrastructure projects, leading to an increase in demand for the Polish construction industry. Read More

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Artificial Intelligence (AI) in Construction Market Size 2024-2028

The artificial intelligence (AI) in construction market size is forecast to increase by USD 4.06 billion at a CAGR of 30.65% between 2023 and 2028.

Artificial Intelligence (AI) is revolutionizing the construction industry in North America, offering significant growth opportunities. The increasing demand for data integration and visual analytics is a major market driver, enabling more efficient project management and faster decision-making. Post-construction, AI is utilized for building management, including sensors, drones, robotics, and the Internet of Things, to optimize building costs and improve safety systems.
Automatic updating and building of projects using AI algorithms streamline workflows and reduce errors. However, the lack of a skilled workforce for developing and implementing AI solutions poses a challenge. This trend is expected to continue as construction companies seek to enhance productivity, improve quality, and reduce costs through AI technology adoption.

What will be the Size of the Market During the Forecast Period?

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Artificial Intelligence (AI) is revolutionizing various industries, and the construction sector is no exception. The integration of AI in construction is reshaping business models, enhancing productivity, and addressing critical challenges such as safety concerns, labor shortages, and production costs. AI's role in the construction industry extends beyond the traditional engineering and design phases. Its impact is felt throughout the project lifecycle, from bidding and financing to procurement and asset management. By automating repetitive tasks, AI is enabling construction companies to streamline their operations and focus on core business functions.
Moreover, the bidding process is one of the initial stages where AI is making a significant impact. AI-powered tools can analyze historical data, market trends, and project specifications to provide accurate estimates, helping contractors to submit competitive bids. Moreover, AI can assist in financing by assessing the creditworthiness and risk profiles of potential clients, enabling financial institutions to make informed decisions. AI's role in the production phase is equally crucial. It can optimize resource allocation, schedule workflows, and monitor progress in real-time. By analyzing data from various sources, AI can help identify potential issues before they escalate into major problems, ensuring projects stay on schedule and within budget.
Similarly, safety concerns are a major challenge in the construction industry. AI-powered safety systems can monitor construction sites in real-time, detecting potential hazards and alerting workers to take corrective action. By analyzing historical data, AI can identify trends and patterns, helping executives to implement preventive measures and improve overall safety standards. Labor shortages are another pressing issue in the construction industry. AI-powered tools can automate repetitive tasks, reducing the workload on workers and enabling them to focus on more complex tasks.
Moreover, AI can assist in training new workers by providing real-time feedback and guidance, helping to address the issue of labor shortages. Data triangulation is a key aspect of AI's role in construction. By analyzing data from various sources, AI can provide valuable insights into project performance, resource utilization, and cost management. These insights can help executives to make informed decisions and optimize their operations, leading to improved efficiency and reduced production costs. The early movers in the construction industry are already reaping the benefits of AI. By adopting AI-powered tools and systems, they are gaining a competitive edge, improving their operational efficiency, and addressing critical challenges. However, for others to follow suit, there is a need for a clear business model transformation strategy.
In conclusion, AI is transforming the construction industry by streamlining operations, enhancing productivity, and addressing critical challenges such as safety concerns and labor shortages. Its role extends beyond the traditional engineering and design phases, impacting every stage of the project lifecycle. By adopting AI-powered tools and systems, construction companies can gain a competitive edge, improve their operational efficiency, and reduce production costs.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Solution

  Software
  Services
  Hardware


End-user

  Large enterprises
  Small and medium enterprises (SMEs)


Geography

  North America

    US

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Building Information Modeling Market Size 2024-2028

The building information modeling market size is forecast to increase by USD 8.06 billion, at a CAGR of 18.51% between 2023 and 2028.

The Building Information Modeling (BIM) market is experiencing significant growth, driven by the increasing adoption of remote work models and the surge in urbanization and infrastructure projects. The shift towards work-from-home arrangements due to the global pandemic has accelerated the need for digital solutions, including BIM, to facilitate collaboration and streamline project delivery. Simultaneously, the construction industry's low digitization rate presents a substantial opportunity for BIM market expansion. Urbanization and infrastructure projects require intricate planning, coordination, and execution, which BIM can efficiently address by providing a centralized, digital repository of project information. However, challenges persist, including the high implementation costs, complex integration with existing systems, and the need for specialized skills and training.
Building management systems and facility management systems can be integrated with BIM models, enabling intelligent buildings with HVAC, lighting, security, sensors, and other systems. Companies seeking to capitalize on the market's potential must navigate these obstacles by investing in cost-effective solutions, fostering industry collaboration, and offering comprehensive training programs. By doing so, they can effectively address the market's demands and maintain a competitive edge in the evolving construction landscape.

What will be the Size of the Building Information Modeling Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The Building Information Modeling (BIM) market continues to evolve, integrating advanced technologies and applications to streamline construction processes and enhance project outcomes. Seamlessly merging entities such as design review, construction scheduling, 4D modeling, clash detection, material takeoffs, collaboration tools, VR/AR applications, asset management, sustainability assessment, and data management, BIM offers a dynamic solution for the AEC industry. BIM's continuous development includes the integration of 5D BIM for cost estimation, 6D BIM for facility management, and the implementation of digital twins for building performance simulation. Data visualization tools enable real-time model checking, while cloud computing and workflow automation improve data management and collaboration.

Structural analysis, space planning, and energy analysis are essential components of BIM, ensuring optimal building design and resource utilization. The IFC standard and BIM software solutions, such as Tekla Structures and Bentley Systems, facilitate interoperability and compatibility across projects and teams. Point cloud data and BIM execution plans further enhance the accuracy and efficiency of BIM models, enabling more precise construction scheduling and clash detection. The integration of VR/AR applications offers immersive experiences for stakeholders, enabling better collaboration and decision-making. The BIM market's ongoing evolution reflects the industry's commitment to innovation and efficiency, as it continues to adapt to the ever-changing construction landscape.

How is this Building Information Modeling Industry segmented?

The building information modeling industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Software
  Services


Deployment Mode

  On-Premise
  Cloud-Based


Project Lifecycle

  Pre-Construction (Planning & Design)
  Construction (Execution)
  Operation & Maintenance


Building Type

  Residential Buildings
  Commercial Buildings
  Industrial Buildings
  Infrastructure (Roads, Bridges, Utilities)


End-User

  Architects
  Engineers
  Contractors
  Owners/Operators
  Consultants


Application

  Architectural Design
  Structural Design
  MEP (Mechanical, Electrical, Plumbing) Design
  Construction Management
  Facilities Management
  Energy Analysis
  Cost Estimation & Quantity Take-off
  Collaboration & Communication


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Type Insights

The software segment is estimated to witness significant growth during the forecast period.

BIM software, a 3D design solution, plays a pivotal role in enhancing ef