Overview and Scope
Architectural services refer to any activity involving the art and science of building design for the construction of any structure or preparation of construction contract documents.
Sizing and Forecast
The architectural services market size has grown strongly in recent years. It will grow from $192.53 billion in 2023 to $205.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rise in construction activities, rise in disposable income and increasing government support..
The architectural services market size is expected to see strong growth in the next few years. It will grow to $263.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing infrastructure expenditure by governments, rapid urbanization, increasing population growth and increase in smart cities. Major trends in the forecast period include digital commerce architecture to strengthen position in the market, focus on the introduction of architectural applications (apps) to strengthen position in the market, focus on the adoption of 3d printing to expand services portfolio and drive revenues, focus on technological advancements to expand product portfolio and drive revenues, focus on the use of blockchain technology to improve efficiencies and data security, focus on partnerships and collaborations to expand product portfolio and geographic presence and focus on metaverse architecture for an immersive virtual world..
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Segmentation & Regional Insights
The architectural services market covered in this report is segmented –
1) By Service Type: Architectural Advisory Services, Construction And Project Management Services, Engineering Services, Interior Design Services, Urban Planning Services, Other Service Types
2) By End-User: Education, Government, Healthcare, Hospitality, Residential, Industrial, Retail, Other End Users
Asia-Pacific was the largest region in the architectural services market in 2023. The regions covered in the architectural services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing demand for construction activities is expected to propel the growth of the architectural services market going forward. Construction refers to an activity of putting together various elements to create a structure for a specific location, using a detailed design and plan. The architectural services market is used in construction to create architectural designs and plans and to make different elements to build that project structures, as a result, increasing demand for construction activities increases the demand for architectural services. For instance, in June 2021, according to the Stats NZ Tatauranga Aotearoa, a New Zealand-based government data agency, building activities increased by 3.7 percent in March 2021. Further, in 2021, residential activities rose 4.3 percent compared to 2020. 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 percent. Therefore, an increasing demand for construction activities is driving the growth of the architectural services market.
Key Industry Players
Major companies operating in the architectural services market report are AECOM, Jacobs Solutions Inc., Fluor Corporation, HOCHTIEF Aktiengesellschaft, Stantec Inc., Arcadis NV, Perkins Eastman, HDR Inc., Gensler, Architecture BRIO, Cadence Architects, CP Kukreja Architects, Design Plus Architects, Ramboll Studio Dreiseitl, PTW Architects, Harry Seidler and Associates, Peter Stutchbury Architecture, Shigeru Ban Architects, Sou Fujimoto Architects, Maki and Associates, Unsangdong Architects, BCHO Architects Associates, Iroje KHM Architects, China Construction Engineering Design Group Corp. Ltd., Beijing Engineering Corp Ltd., Power China Kunming Engineering Corp. Ltd., China Architecture Design and Research Group, Mim Design, SHNAG Architects, Foster + Partners, BDP – Building Design Partnership, Zaha Hadid Architects, Allford Hall Monaghan Morris, Allies and Morrison, Kadawittfeldarchitektur, JSWD Architekten, HPP Architects, Henning Larsen, Marco Casamonti and Partners, Architect Service S.R.L., 2A architectural atelier, Digital Bunch sp. Z o. O., Viscato, O4 Coworking, Business Link, SsamireiArt, MAParchitects, Cutler. Architecture, Hager Design International Inc., KPMB Architects, ZAS Architects + Interiors Inc., NV5, Kiewit Corporation, Bechtel, Aecom, HDR Omaha, Novaworks, Nidolab Arquitectura, TSyA S.A., Arqueprima, Arquiefil Isay Weinfeld, Zaher Architects, Saudi Architects, LACASA, Killa Design, RMJM, Peerutin Architects, Hofman Architects, Integrated Design Consultants, Dalia Sadany Dezines
The architectural services market report table of contents includes:
1. Executive Summary
2. Architectural Services Market Characteristics
3. Architectural Services Market Trends And Strategies
4. Architectural Services Market – Macro Economic Scenario
5. Global Architectural Services Market Size and Growth
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31. Architectural Services Market Other Major And Innovative Companies
32. Global Architectural Services Market Competitive Benchmarking
33. Global Architectural Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Architectural Services Market
35. Architectural Services Market Future Outlook and Potential Analysis
36.Appendix
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