Prefabrication

Building Information Modeling (BIM) Software Market size worth $ 11.64 Billion, Globally, by 2027 at 19.41% CAGR: Verified Market Research®

Retrieved on: 
Friday, August 4, 2023

JERSEY CITY, N.J., Aug. 4, 2023 /PRNewswire/ -- The Global Building Information Modeling (BIM) Software Market is projected to grow at a CAGR of 19.41% from 2020 to 2027, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 2.82 Billion in 2019 and is expected to reach USD 11.64 Billion by the end of the forecast period.

Key Points: 
  • Several important reasons drive the building information modeling (BIM) software market, including:
    Growing Need for Infrastructure Development: As the world's population expands, there is an increasing demand for infrastructure development, which presents a sizable market opportunity for BIM products.
  • Market Outlook: The Building Information Modeling (BIM) Software Market is expected to grow rapidly over the upcoming years, with a good outlook.
  • To get market data, market insights, financial statements and a comprehensive analysis of the Global Building Information Modeling (BIM) Software Market, please Contact Verified Market Research® .
  • Based on the research, Verified Market Research® has segmented the global Building Information Modeling (BIM) Software Market into Type, Application, And Geography.

Building Information Modeling (BIM) Software Market size worth $ 11.64 Billion, Globally, by 2027 at 19.41% CAGR: Verified Market Research®

Retrieved on: 
Friday, August 4, 2023

JERSEY CITY, N.J., Aug. 4, 2023 /PRNewswire/ -- The Global Building Information Modeling (BIM) Software Market is projected to grow at a CAGR of 19.41% from 2020 to 2027, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 2.82 Billion in 2019 and is expected to reach USD 11.64 Billion by the end of the forecast period.

Key Points: 
  • Several important reasons drive the building information modeling (BIM) software market, including:
    Growing Need for Infrastructure Development: As the world's population expands, there is an increasing demand for infrastructure development, which presents a sizable market opportunity for BIM products.
  • Market Outlook: The Building Information Modeling (BIM) Software Market is expected to grow rapidly over the upcoming years, with a good outlook.
  • To get market data, market insights, financial statements and a comprehensive analysis of the Global Building Information Modeling (BIM) Software Market, please Contact Verified Market Research® .
  • Based on the research, Verified Market Research® has segmented the global Building Information Modeling (BIM) Software Market into Type, Application, And Geography.

Mayville Engineering Company Announces Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 1, 2023

Net sales to the commercial vehicle market were $56.1 million in the second quarter of 2023, an increase of 1.7% versus the prior-year period.

Key Points: 
  • Net sales to the commercial vehicle market were $56.1 million in the second quarter of 2023, an increase of 1.7% versus the prior-year period.
  • Net sales to the construction & access market were $26.5 million in the second quarter 2023, a decrease of 9.8% versus the prior-year period.
  • Net sales to the powersports market were $24.0 million in the second quarter of 2023, an increase of 7.2% versus the prior-year period.
  • Net sales to the agriculture market were $13.4 million during the second quarter of 2023, a decrease of 12.5% versus the prior-year period.

OpenSpace Introduces New Advancements in 360° Reality Capture and AI That Make Coordination Between Field and VDC Teams Faster and Easier

Retrieved on: 
Tuesday, July 25, 2023

With 150,000 users capturing 20 billion square feet of data in 93 countries, OpenSpace continues to experience rapid growth.

Key Points: 
  • With 150,000 users capturing 20 billion square feet of data in 93 countries, OpenSpace continues to experience rapid growth.
  • "The pace of innovation at OpenSpace has been remarkable with our OpenSpace platform becoming faster, more reliable, and scalable in the process."
  • New OpenSpace Capture features make it faster to fully document the jobsite and improve coordination.
  • OpenSpace Capture customers can now also take advantage of powerful innovations that expand their capabilities capturing, understanding and taking action on site data.

Building houses in factories for the Commonwealth Games was meant to help the housing crisis. What now?

Retrieved on: 
Monday, July 24, 2023

After Melbourne hosted the 1956 Olympics, about 600 houses in the athlete village became public housing in West Heidelberg.

Key Points: 
  • After Melbourne hosted the 1956 Olympics, about 600 houses in the athlete village became public housing in West Heidelberg.
  • After Melbourne hosted the 2006 Commonwealth Games, the athlete village in Parkville was largely sold off, with 320 houses going to social housing.
  • Victoria’s now cancelled 2026 Commonwealth Games were meant to have the same effect in the state’s smaller cities.
  • New dwellings were intended to help boost social and private housing supply amid the ongoing housing crisis.

Building the prefab profile

    • This rapid time frame was why Victoria’s government looked to prefab to provide the thousands of dwellings needed for officials, athletes and workers.
    • Leading prefab jurisdictions like Scotland and Sweden have needed government support to get to where they are, with prefab accounting for 84%.

Why look to prefab homes at all?

    • Waste can be cut by precise standardised measurements and the use of low-carbon materials like timber or hybrid steel-timber reduces environmental impact.
    • You might think prefab homes would all look the same or lack quality.
    • Prefab factories can reduce the impact of weather on construction, though it does create another challenge – transporting the dwelling to the site.

Boosting prefab without the games

    • In a recent report led by Master Builders Victoria, we examined how experiences of the Birmingham 2022 and Glasgow 2014 Commonwealth Games in the UK helped the construction industry innovate in areas like prefab housing.
    • Preparations for the Birmingham games faced the unprecedented challenge of the COVID pandemic.

Why isn’t Australia embracing these techniques?

    • To make prefab housing mainstream in Australia will mean major changes to the way things are done at present.
    • But Australia has an urgent need for more housing.
    • Louise Dorignon has received funding from various organisations including the Australian Housing and Urban Research Institute and various industry partners.

AHF Expands Commitment to Tackling Homelessness

Retrieved on: 
Saturday, July 15, 2023

AIDS Healthcare Foundation (AHF) has purchased a majority stake in Crate Modular , a leading producer of prefab modular multifamily, supportive housing and educational buildings.

Key Points: 
  • AIDS Healthcare Foundation (AHF) has purchased a majority stake in Crate Modular , a leading producer of prefab modular multifamily, supportive housing and educational buildings.
  • As part of the arrangement, Crate and AHF will continue to run their businesses independently.
  • Crate will produce the modular housing units for AHF’s planned Renaissance Center , a 216-unit, 15-story low-income housing complex on Skid Row in Los Angeles.
  • Crate also will serve as a preferred vendor on other AHF low-income housing developments moving forward.

ID Signsystems Delivers Iconic Signage Solutions for The Strong Museum of Play in Rochester, NY

Retrieved on: 
Tuesday, July 11, 2023

ROCHESTER, N.Y., July 11, 2023 /PRNewswire/ -- ID Signsystems (IDS), a leader in architectural signage solutions, announces the successful completion of a transformative signage project for The Strong Museum of Play in Rochester, NY.

Key Points: 
  • ROCHESTER, N.Y., July 11, 2023 /PRNewswire/ -- ID Signsystems (IDS), a leader in architectural signage solutions, announces the successful completion of a transformative signage project for The Strong Museum of Play in Rochester, NY.
  • For the project, IDS developed iconic statement signage for new exhibit entry and admissions areas and exterior brand and informational signage to elevate the visitor experience.
  • Katrina Beatty, CEO of ID Signsystems, said, "The Strong Museum of Play turned to ID Signsystems to design and develop the keynote architectural signage elements of their Digital World expansion.
  • For more information on ID Signsystems, visit www.IDSignsystems.com and stay up-to-date with ID Signsystems on LinkedIn .

Huawei Unveils Three Innovative Data Center Facility Solutions at 2023 Global Smart Green Data Center Summit

Retrieved on: 
Tuesday, July 4, 2023

ULANQAB, China, July 4, 2023 /PRNewswire/ -- The 2023 Global Smart Green Data Center Summit took place on July 4th in Ulanqab, Inner Mongolia.

Key Points: 
  • ULANQAB, China, July 4, 2023 /PRNewswire/ -- The 2023 Global Smart Green Data Center Summit took place on July 4th in Ulanqab, Inner Mongolia.
  • One highlight of the event was the unveiling of Huawei's three innovative data center facility solutions.
  • Fei Zhenfu, President of Huawei Data Center Facility Domain, unveiled the next-generation indirect evaporative cooling solution EHU and the mobile intelligent management solution iManager-M.
  • These scenario-based data center solutions promise optimal reliability throughout the lifecycle and aim to drive the high-quality development of the data center industry.

Boom Supersonic Announces Significant Overture Program Advances

Retrieved on: 
Tuesday, June 20, 2023

Selects key tier-one structure suppliers for Overture's wing, fuselage, and empennage; reveals Overture systems configuration

Key Points: 
  • Selects key tier-one structure suppliers for Overture's wing, fuselage, and empennage; reveals Overture systems configuration
    PARIS, June 20, 2023 /PRNewswire/ -- Boom Supersonic , the company building the world's fastest airliner, announced today at the Paris Air Show significant advances on Overture, its sustainable supersonic aircraft, including milestones for its Symphony™ engine.
  • Boom also revealed today, for the first time, Overture's full systems configuration as the aircraft program advances toward production.
  • "We are incredibly proud of the progress with Overture and Symphony from our global team of partners and suppliers who continue to operate at an accelerated pace toward the future of sustainable supersonic flight," said Blake Scholl, founder and CEO of Boom Supersonic.
  • Boom continues to advance with Northrop Grumman on a defense variant of Overture that will expand the total addressable market for supersonic aircraft.

Boom Supersonic Announces Significant Overture Program Advances

Retrieved on: 
Tuesday, June 20, 2023

Selects key tier-one structure suppliers for Overture's wing, fuselage, and empennage; reveals Overture systems configuration

Key Points: 
  • Selects key tier-one structure suppliers for Overture's wing, fuselage, and empennage; reveals Overture systems configuration
    PARIS, June 20, 2023 /PRNewswire/ -- Boom Supersonic , the company building the world's fastest airliner, announced today at the Paris Air Show significant advances on Overture, its sustainable supersonic aircraft, including milestones for its Symphony™ engine.
  • Boom also revealed today, for the first time, Overture's full systems configuration as the aircraft program advances toward production.
  • "We are incredibly proud of the progress with Overture and Symphony from our global team of partners and suppliers who continue to operate at an accelerated pace toward the future of sustainable supersonic flight," said Blake Scholl, founder and CEO of Boom Supersonic.
  • Boom continues to advance with Northrop Grumman on a defense variant of Overture that will expand the total addressable market for supersonic aircraft.