Construction Design Software Market Report Growth & Forecast-2030

[Research Report] The Construction Design Software Market size is expected to grow from US$ 9.62 billion in 2022 to US$ 17.94 billion by 2031; it is estimated to grow at a CAGR of 8.1% from 2022 to 2031.

Analyst Perspective:

The construction design software market has witnessed significant growth in recent years, driven by growing investment in smart city projects in countries like India, Germany, Japan, France, Singapore, Norway, and the Netherlands, among others. Significant benefits provided by construction design software such as detailed & quick designing, maintaining accuracy & precision, and efficiency in making sketches, are fueling the market shortly. The software is used to change aspects of a design and correct mistakes easily without using paper and pencils. The growing adoption of construction design software among consumers over manual designing methods, providing more efficiency to the user is driving the market. The software also helps professionals to make drawings more quickly with more details by maintaining accuracy and precision. The significant benefits of using construction design software over hand-drawing blueprints or diagrams are driving the market growth. Ongoing expansion of the real estate industry and rapid construction of high-rise buildings are creating opportunities in the market. The development of existing infrastructure is fueling the global construction design software market.

Market Overview:

Construction design software, also known as construction drawing software, is a set of programs or systems of programs used to design construction projects. Professionals in the construction industry use the software for designing or planning new constructions such as buildings, homes, remodels, and others. Construction design software is designed to help engineers, architects, and other building professionals plan every aspect of their projects.

Construction design software involves 3D, architectural CAD tools, and drawing tools for preparing construction plans. The software is in-build with a variety of features that support users to create professional-grade designs easily. Most of the programs allow users to draw walls, doors, roofs, windows, beams, stairs, and other components. The software also includes tools that measure distances between points on the plan or draw accurate angles. Some construction design software even has 3D rendering capabilities that allow users to see and get a realistic image of the project they are working on. Significant benefits offered by construction design software are driving the market during the forecast period. The software helps the user in creating detailed construction plans for structures, buildings, and other construction projects.

Moreover, construction design software is also used by DIY enthusiasts to develop their construction plans. The software also includes diagrams used for installing electrical or plumbing systems and blueprints for the structure itself. The software also helps in mapping out the landscaping and other aesthetic aspects of the construction projects, increasing its demand among professionals in the construction industry. Thus, boosting the market during the forecast period.

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Market Driver:

Growing Construction of Megaprojects is Driving the Market

The growing construction of mega projects is boosting the market. For instance, Koch Real Estate Investments and Fontainebleau Development is planning to invest US$ 2.2 billion in constructing a Fontainebleau Las Vegas luxury resort and casino in Las Vegas, US. This mega project includes the construction of the 67-storey hotel, meeting, gaming, and entertainment complex, already started in 2007 and is expected to be completed by the end of 2023. The construction of an infrastructure combines various elements to create a structure for a specific location, which increases the demand for construction design software for making detailed designs and plans before constructing an infrastructure. Construction companies utilize design software for 3D modeling, design collaboration, schedule management, and cost estimation to improve projects' efficiency. For instance, in June 2021, according to the Stats NZ Tauranga Aotearoa, a New Zealand-based government data agency, building activities increased by 3.7% in March 2021. Further, in 2021, residential activities rose 4.3% compared to 2021. Additionally, according to the US Census Bureau, the value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, with a growth rate of 10.2%. Therefore, an increasing demand for construction activities is driving the growth of the construction design software market.

Increasing demand for construction activities across the globe is propelling the construction design software market growth during the forecast period. In a global scenario, the construction industry's growth is maximum in the US, the UK, Canada, China, and India. The majority of the construction is inclined toward the technology sector and healthcare sector. The US stands at the forefront and dominates the construction ecosystem; however, Europe and Asia's growth scenario reflects tremendous growth. The availability of easy funding and the demand for advanced technology results in a rise in the number of construction projects in these regions. From the Asia perspective, China and India account for the majority share in terms of construction. China has witnessed substantial growth in the number of construction projects recently due to the urban areas and roads' growth. The rising number of construction projects in the country generates significant demand for construction design software. These factors are driving the development of the construction design software market during the forecast period.

Segmental Analysis:

Based on deployment, the global construction design software market is segmented into on-premises and cloud. The cloud segment is anticipated to expand in the near future, due to the growing adoption of cloud-based software among professionals in the construction industry. Cloud technology offers significant advantages to professionals in the construction industry for designing sketches of infrastructure. Cloud-based software provides significant benefits to the users such as data sharing, real-time collaboration, and provide access to project information from anywhere with any device via an internet connection. The need for enhanced flexibility, scalability, and remote work capabilities drives this trend. Cloud solutions eliminate the need for on-premises infrastructure, reduce upfront costs, and provide seamless software updates & maintenance.

Regional Analysis:

The market in Asia Pacific is expected to dominate in the near future owing to a growing number of construction projects. For instance, according to the Philippine Statistics Authority, the Philippines constructed a total of 41,558 buildings including residential (28,421), non-residential (8,818), additional buildings (1,356), and repair and alteration of buildings (2,963) constructed in the 1Q of 2023. Moreover, the government of the Philippines has invested US$ 1.57 billion to increase construction activities in the country to drive the market. The rising population in China and India is raising the demand for commercial and residential infrastructure. Currently, China is witnessing various construction projects. For instance, in Q1 of 2022, a project for the construction of a 56km metro railway line in Foshan, Guangdong, has started, which is expected to be completed in 2031. Similarly, the construction project of a 28km metro rail line between Dongjing Road Station and Chuansha Road Station in Shanghai has begun in Q1 2022. It is expected to be completed by the end of 2031. Thus, growing construction projects are fueling the growth of the region's construction design software market.

Countries like China, India, and Malaysia have increased their investments in their commercial sectors. For instance, according to Kotak Mahindra Bank Limited, in March 2022, the office space occupied in metro areas has doubled from 5.43 million to 11.55 million square feet, representing a tremendous pace for growth in India. The country is likely to receive an international investment of 1 billion in Grade-A office space as rental property by 2031. The growth in the commercial spaces is creating opportunities in the market during the forecast.

Key Player Analysis:

The construction design software market analysis consists of players such as Autodesk, Inc., Bentley Systems, Incorporated, Oracle Corp, SAP SE, Trimble Inc., Dassault Systèmes, Computer Methods International Corp., Microsoft, Constellation HomeBuilder Systems, and Sage Group plc, among the key construction design software market players profiled in the report.

Recent Developments: 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the construction design software market. A few recent key market developments are listed below: 

• In November 2023, Autodesk, Inc. launched Autodesk AI, a technology that helps solve problems, unlocks creativity, and eliminates non-productive work across the industries that engage in construction designs. Autodesk AI is a design and make platform that provides intelligent assistance and generative capabilities that allow customers to freely explore and imagine designs while producing precise, accurate, and innovative results.
• In November 2023, Autodesk, Inc. collaborated with Phoenix Ironworks Steel Factory to deploy AI-powered and climate-friendly solutions. Autodesk’s AI-based Design and Make Platform helps in connecting teams and their project data from design to construction.
• In March 2023, PKPM partnered with Arup Group Limited to launch PKPM-AID (Arup Intelligent Design) in Beijing, China. PKPM-AID is AI-enhanced powerful software that identifies the ‘fittest’ design efficiently. It is the first commercial intelligent structural design software for the construction industry in China.
• In January 2023, Hexagon AB acquired Projectmates to expand Hexagon's capabilities in delivering comprehensive solutions for construction project management by strengthening its market position.
• In July 2022, Oracle Corp introduced Oracle Construction Intelligence Cloud Analytics to provide a comprehensive understanding of operational performance to owners and contractors. Oracle Construction Intelligence Cloud Analytics combined data from Oracle Smart Construction Platform for driving continuous improvement across project planning, asset operation, and construction.
• In February 2022, Trimble Inc. launched a next-generation roadwork 3D paving control platform for Asphalt Compactors. The platform is an accurate, automatic 3D screen control system that is used to reference the design over the surface directly, minimize asphalt usage, finish projects on time & under budget, and reduce waste & overruns by improving paving productivity and rideability. The platform helps the user to increase the portability of the hardware.
• In February 2021, Bentley Systems, Incorporated, acquired E7 Pty Ltd. to enhance its numerous solutions including construction modeling, projects and reporting management, voice-based field information capture, task oversight, and automation features to produce an all-encompassing 4D construction digital twin solution. Additionally, this acquisition also helps civil construction companies to optimize the use of field resources while maintaining schedule and cost constraints.

Market Players Density: Understanding Its Impact on Business Dynamics

The Construction Design Software Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Construction Design Software Market are:

1. Autodesk, Inc.
2. Bentley Systems
3. Incorporated
4. Oracle Corp
5. SAP SE

Disclaimer: The companies listed above are not ranked in any particular order.

Construction Design Software Report Scope