Dublin, June 06, 2023 (GLOBE NEWSWIRE) -- The "Architectural Services Market Size, Share & Trends Analysis Report By Service Type (Architectural Advisory Services, Engineering Services, Urban Planning Services), By End-use, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global architectural services market size is expected to reach USD 523.20 billion by 2030. The market is expected to expand at a CAGR of 4.8% from 2023 to 2030.
Companies Mentioned
- Aecom
- Foster + Partners
- Gensler
- IBI Group
- HDR
- Jacobs Engineering Group.
- Nikken Sekkei Ltd.
- Perkins Eastman
- Perkins and Will
- Stantec
A major element boosting the market expansion is the accelerating urbanization in nations like South Korea, Brazil, and India which is leading to a rise in demand for smart homes. Additionally, it is anticipated that the growing need for planning, designing and consulting services for effective job operation will be supported by the rising industrial and commercial building restoration projects around the world. This is thus anticipated to support market expansion.
Architectural services are commonly used in fields like industry, healthcare, and hospitality. Building blueprints are presented to clients by architectural firms to give them an accurate and detailed representation at every stage of the process.
The development of the industry is aided by architectural firms' rising emphasis on creating smart buildings with improved space usage. In addition, a growing number of smart cities programs initiated by governments around the world are driving up demand for urban planning services, thus augmenting the architectural service market growth
The healthcare industry is expanding quickly in developing nations. The architectural service market expansion is anticipated to be boosted by hospital owners' and governments' growing propensity to offer better patient care. Similar to the way the learning environment is changing due to digitalization, funding is becoming a major issue for educational institutions. The need for architectural services in the education sector to construct cost-efficient, high-tech buildings is anticipated to have a positive impact on architectural service market expansion.
COVID-19 has had a detrimental effect on the architectural service market expansion. Interaction and coordination are necessary for providing architectural services, and going to construction sites is a crucial step in the procedure. Numerous in-progress architectural projects had been delayed as a result of stringent measures imposed by governments around the world and a halt in construction work. As a result, there was a decrease in the demand for architectural services worldwide.
Architectural Services Market Report Highlights
- In 2022, the construction and project management services segment is expected to grow with a revenue share of 34.0% owing to the rising building activity worldwide
- The Asia Pacific region is anticipated to grow with a CAGR of 5.6 % during the projection period due to an increase in new development activity in the area's healthcare and housing industries
- Since the COVID-19 outbreak, major market participants have concentrated on acquisitions to grow their organizations. For instance, in October 2022 Woolpert, Inc. announced the acquisition of Sheehan Nagle Hartray Architects Through the acquisition, Woolpert will be able to benefit from Sheehan's knowledge of interior design and predesign services for civic, commercial, and online retail
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 120 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $376.08 Billion |
| Forecasted Market Value (USD) by 2030 | $523.2 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Architectural Services Market Variables, Trends & Scope
Chapter 4. Architectural Services Market Service Type Outlook
4.1. Architectural Services Market Share by Product, 2022 & 2030 (USD Billion)
4.2. Architectural Advisory Services
4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
4.2.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
4.3. Construction and Project Management Services
4.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
4.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
4.4. Engineering Services
4.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
4.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
4.5. Interior Design Services
4.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
4.5.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
4.6. Urban Planning Services
4.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
4.6.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
4.7. Building Code Counseling and Interpretation Consulting Services
4.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
4.7.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
4.8. Legal Technical Requirement Compliance Counseling Services
4.8.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
4.8.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
4.9. Others
4.9.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
4.9.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
Chapter 5. Architectural Services Market End-use Outlook
5.1. Architectural Services Market Share by End-use, 2022 & 2030 (USD Billion)
5.2. Education
5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
5.2.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
5.3. Government
5.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
5.4. Healthcare
5.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
5.5. Hospitality
5.5.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.5.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
5.6. Residential
5.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.6.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
5.7. Industrial
5.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.7.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
5.8. Retail
5.8.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.8.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
5.9. Others
5.9.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.9.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
Chapter 6. Architectural Services Market: Regional Outlook
Chapter 7. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/rt6rj0
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