About Architectural Services
Technological innovations in the market such as the use of advanced designing and planning software’s are helping to boost the Architectural Services market in the forecasted period. The architectural industry is growing considerably, with an increasing number of new architectural firms entering the market with innovative designs and software for providing better services. Urban planning is expected to increase the demand for upgraded design technology involving 3D models, and high end designing software. Outsourcing of engineering services such as CAD drawings and project designs and increasing demand for technologically advanced designing solutions such as 3D modeling and utilization of high-end designing software are some of the primary factors that are propelling the growth of the global architectural services market. For instance, the government of India has launched the ‘Smart Cities Project’, under which they are planning to transform 100 cities around the country into smart cities. Such projects demand a large number of services including project management, urban planning, waste management, construction, engineering, and, designing services.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Innovative design development and customized services are expected to be the key parameters for being competitive in this market, with frequent mergers and acquisitions being undertaken as an attempt to diversify product portfolio and gain market share. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Architectural Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aedas (Hong Kong), AECOM (United States), Foster & Partners Limited (United Kingdom), DP Architects (Singapore), HDR Architecture(United States), Gensler(United States), HKS, INC.(United States), HOCHTIEF AG (Germany), IBI Group Inc. (Canada) and HOK (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Jacobs (United States), PCL Constructors Inc. (Canada), Nikken Sekkei (Japan), Perkins Eastman (United States), Perkins & Will (United States) and Stantec (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Architectural Services market by Type (Architectural Advisory Services, Construction and Project Management, Engineering &, Interior Designing, Urban Planning and Others) and Region.
On the basis of geography, the market of Architectural Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Education will boost the Architectural Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The rising demand due to urban planning services, The gradual shifting of the architectural industry towards the consultancy service and The rising demand from the untapped developing regions
Market Growth Drivers:
Increasing construction activities across the commercial, residential, and public sector and Increasing investments in the construction market and a substantial increase in demand for design service
Challenges:
Rising material costs
Restraints:
The Concern Related to Technological complexities associated with Architectural Services
Opportunities:
The government sector has a wide scope for architectural services especially in developing countries such as India where the government expenditure on infrastructure development is increasing substantially.
Market Leaders and their expansionary development strategies
In March 2023, HKS announced the establishment of HKS "xBE," a new partner diversity initiative that allows "xBE" firms and their members to create partnerships, explore new work, and boost creativity in the architectural and design professions. The program is divided into two parts: a 12-week seminar called "xBE" Rise and an "xBE" Network, which aims to improve diversity among the firm's numerous collaborations for architectural and design projects. HKS is committed to building a more diverse workforce and partnership network across the AEC industry. Source: https://www.mordorintelligence.com/industry-reports/architectural-services-market
In April 2023, The City of Port Aransas in Texas chose Stantec to oversee a restoration plan for the 13.5 acres of ecosystems contained inside the Nature Preserve at Charlie's Pasture. Due to damaged shorelines brought on by Hurricane Harvey's damage in 2017, the area has been underwater. The Stantec team is expected to lead the project's planning and management to boost visitor use, wildlife ecosystems, and resilience mechanisms for potential storm surges. In addition to planning, the team will identify sediment, analyze the state of the nearby marsh, and immediately mobilize employees. Source: https://www.mordorintelligence.com/industry-reports/architectural-services-market
Key Target Audience
Architectural Services Providers, Government regulatory bodies, Government research organization, Private research organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.