Reports


Architectural Services Market Size, Global Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)

  • TBI111465
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                              Abstract, Snapshot, Market Analysis & Market Definition: Global Architectural Services Market

The global architectural services market size was estimated at USD 288.65 billion in 2016. Increasing investments in construction market and substantial increase in demand for design services are anticipated to drive the market growth. Moreover, gradual shifting of architectural industry towards consultancy service industry is expected to impact the architectural services market.  
 
The demand for construction and project management was highest in 2016 and the market is expected to continue the growth over the forecast period. The market for urban planning services is anticipated to grow at a high rate, owing to increasing demand in smart city projects, waste management services and infrastructure development projects by various governments.
The residential sector dominated the market and was valued at USD 159.4 billion in 2016. Government sector has wide scope for architectural services especially in the developing countries such as India where the government expenditure on infrastructure development is increasing substantially.
The architectural industry is growing considerably, with 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.

Market Segmentation, Outlook & Viewpoint: Global Architectural Services Market


Product and Service Type Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

Architectural Advisory Services

Construction and Project Management

Engineering &, Interior Designing

Urban Planning

Others


End-User Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

Education

Government

Healthcare

Hospitality

Industrial

Residential

Retail

Others


Key Players, Recent Developments & Regional Insights: Global Architectural Services Market


The market can be segmented by services into architectural advisory services, construction and project management, engineering, interior design, and urban planning services. The construction and project management segment is anticipated to exhibit high growth in the global architectural and designing services market over the forecast period. The segment accounted for USD 107.16 billion in 2016 and is projected to grow at a CAGR of 4.8% from 2017 to 2025. Architectural engineering services market is expected to witness steep fall in revenue by 2025, owing to increased engineering service outsourcing such as CAD drawings and designing projects by European companies to small Asian companies.
The architectural firms are focusing on providing consultancy and advisory services rather than core architecture designing. Thus the market for interior design services is expected to witness moderate growth over the forecast period.
End-use Insights
Based on end use industry, architectural services can be segmented into education, government, healthcare, hospitality, industrial, residential, and retail. Residential segment constitutes larger share the demand for residential architecture design is expected to increase over the forecast period, also government is investing in providing better housing to their citizens which is further expected to boost market growth. However, the government segment is going to witness exponential growth owing to increasing smart city projects in developing countries such as India wherein there is huge demand for urban architecture design services.
 
The education and healthcare sector is also expected to grow at a moderate growth rate, increasing requirement of better healthcare and educational facilities in various regions is driving the market growth.

Regional Insights
Asia Pacific dominated the global market and was valued at USD 122.31 billion in 2016. The regional growth is mainly driven by the presence of major players, availability of cheaper labor, better infrastructure facilities for manufacturing, good economic condition and innovation of new product and services.
Developed countries are driving huge demand owing to increased requirement of better infrastructure, also higher disposable income among residents of these countries is anticipated to drive the market. Middle East and Africa region is projected to exhibit fastest growth and is expected to witness a growth rate of 8.3% from 2017 to 2025.
Architectural Services Market Share Insights
The architectural services industry is highly competitive and fairly concentrated, with top four companies accounting for maximum share of the global revenue in 2016. Key players including Gensler, AECOM, AEDAS, IBI Group Inc. and HDR Architects dominated the global market accounting for over 15% of the revenue share in 2016.
Innovative design development and customized services are expected to be key parameter for being competitive in this market, with frequent mergers and acquisitions being undertaken as an attempt to diversify product portfolio and gain market share.

Key Insights Covered: Global Architectural Services Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Architectural Services industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Architectural Services industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Architectural Services industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Architectural Services industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Architectural Services industry.

Research Methodology: Global Architectural Services Market
  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of data sourcesChapter 2 Executive Summary
2.1 Architectural Services - Market snapshot & key buying criteria, 2016 - 2025Chapter 3 Industry Outlook
3.1 Market Segmentation
3.2 Architectural Services - Market Size and Growth Prospects
3.3 Architectural Services - Value Chain Analysis
3.4 Market Dynamics
3.5 Market driver analysis
    3.5.1 Gradual shift towards consultancy industry
    3.5.2 Rise in construction investment
    3.5.3 Substantial increase in demand for design an
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