Market Overview:
The global construction estimation software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for construction estimation software across different applications, such as commercial, industrial, and residential construction. In addition, the growing demand for takeoff software and cost databases is also contributing to the growth of this market. North America is expected to lead the global construction estimation software market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Construction Estimation Software is a software application that enables construction professionals to estimate the cost of a construction project. Construction Estimation Software is important because it helps construction professionals to plan and budget for their projects, which can save time and money in the long run.
Takeoff Software:
The construction industry is one of the leading sectors that uses estimation software to manage their projects. The sector comprises various subsectors such as building, civil, mechanical & electrical and others. In this sector, there are numerous estimable components that need to be taken into consideration such as labor cost (direct & indirect), material cost ( direct & indirect), equipment cost and many more which makes it difficult for the construction companies to estimate their project costs with accuracy.
Cost Databases:
Cost databases are used in construction estimation software to provide accurate and complete information about the cost of various construction materials, equipment, labor & time. Cost database is a collection of data from previous projects which are updated regularly with new information to provide an accurate costing mechanism for future estimates.
Construction estimation is a complex task involving many variables such as project type (new build/renovation/rehabilitation), location, building size, scope of work involved etc.
Application Insights:
The commercial construction segment dominated the global construction estimation software market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to an increase in infrastructure spending by governments across various economies as a result of growing concerns regarding social and economic development. For instance, according to a study conducted by the World Bank, government investments in infrastructure and industrialization accounted for around 40% of GDP on average from 1980 to 2010 globally. This trend is expected to continue during the forecast period across various regions including Asia Pacific and Middle East & Africa where governments are making efforts towards increasing their investment ratio toward this sector which will positively impact industry growth over next few years.
Regional Analysis:
Asia Pacific construction estimation software market is expected to grow at the highest CAGR over the forecast period. The region’s growth can be attributed to increasing infrastructure development activities in countries such as China and India. For instance, according to a study by the Asian Development Bank Institute (ADBI), Asia accounted for 38% of global GDP and 60% of global investment in 2016. In addition, rapid urbanization coupled with growing population has led to an increase in residential and commercial construction activities across various economies including China, India, Indonesia among others which will drive regional growth over the forecast period.
The Middle East & Africa region is anticipated to witness substantial growth over the next eight years owing its oil & gas sector which accounts for majority share across all major players operating within this industry vertical are using estimating software solutions for project management purposes thereby driving demand within this regional segment.
Growth Factors:
- Increasing demand for construction projects due to population growth and urbanization
- Rising need for accuracy and efficiency in the construction process
- Growing awareness of the benefits of using construction estimation software among contractors and builders
- Proliferation of mobile devices and cloud-based solutions that make estimating easier and more convenient
- Development of new features that help contractors save time and money on their projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Construction Estimation Software Market Research Report
By Type
Takeoff Software, Cost Databases, Estimating Worksheets, Others
By Application
Commercial Construction, Industrial Construction, Residential Construction
By Companies
Causeway Technologies, Cordell Information, ProEst Estimating Software (ProEst), Sage Software, Viewpoint, Bid4Build, BluBridge, B2W Software, Corecon Technologies, PrioSoft, Textura PlanSwift, Total Project Logistics, Clicks Solutions, Xactware Solutions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Construction Estimation Software Market Report Segments:
The global Construction Estimation Software market is segmented on the basis of:
Types
Takeoff Software, Cost Databases, Estimating Worksheets, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Construction, Industrial Construction, Residential Construction
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Causeway Technologies
- Cordell Information
- ProEst Estimating Software (ProEst)
- Sage Software
- Viewpoint
- Bid4Build
- BluBridge
- B2W Software
- Corecon Technologies
- PrioSoft
- Textura PlanSwift
- Total Project Logistics
- Clicks Solutions
- Xactware Solutions
Highlights of The Construction Estimation Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Takeoff Software
- Cost Databases
- Estimating Worksheets
- Others
- By Application:
- Commercial Construction
- Industrial Construction
- Residential Construction
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Construction Estimation Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Construction estimation software is a computer program that helps construction managers and contractors estimate the cost of building projects. The software can be used to create detailed project plans, cost estimates, and schedules.
Some of the major players in the construction estimation software market are Causeway Technologies, Cordell Information, ProEst Estimating Software (ProEst), Sage Software, Viewpoint, Bid4Build, BluBridge, B2W Software, Corecon Technologies, PrioSoft, Textura PlanSwift, Total Project Logistics, Clicks Solutions, Xactware Solutions.
The construction estimation software market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Construction Estimation Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Construction Estimation Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Construction Estimation Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Construction Estimation Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Construction Estimation Software Market Size & Forecast, 2020-2028
4.5.1 Construction Estimation Software Market Size and Y-o-Y Growth
4.5.2 Construction Estimation Software Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Takeoff Software
5.2.2 Cost Databases
5.2.3 Estimating Worksheets
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Construction
6.2.2 Industrial Construction
6.2.3 Residential Construction
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Construction Estimation Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Construction Estimation Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Takeoff Software
9.6.2 Cost Databases
9.6.3 Estimating Worksheets
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Construction
9.10.2 Industrial Construction
9.10.3 Residential Construction
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Takeoff Software
10.6.2 Cost Databases
10.6.3 Estimating Worksheets
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Construction
10.10.2 Industrial Construction
10.10.3 Residential Construction
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Takeoff Software
11.6.2 Cost Databases
11.6.3 Estimating Worksheets
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Construction
11.10.2 Industrial Construction
11.10.3 Residential Construction
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Takeoff Software
12.6.2 Cost Databases
12.6.3 Estimating Worksheets
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Construction
12.10.2 Industrial Construction
12.10.3 Residential Construction
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Takeoff Software
13.6.2 Cost Databases
13.6.3 Estimating Worksheets
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Construction
13.10.2 Industrial Construction
13.10.3 Residential Construction
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Construction Estimation Software Market: Competitive Dashboard
14.2 Global Construction Estimation Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Causeway Technologies
14.3.2 Cordell Information
14.3.3 ProEst Estimating Software (ProEst)
14.3.4 Sage Software
14.3.5 Viewpoint
14.3.6 Bid4Build
14.3.7 BluBridge
14.3.8 B2W Software
14.3.9 Corecon Technologies
14.3.10 PrioSoft
14.3.11 Textura PlanSwift
14.3.12 Total Project Logistics
14.3.13 Clicks Solutions
14.3.14 Xactware Solutions
