Global Architectural, Engineering Consultants And Related Services Market Size 2024, Forecast To 2033
11 Mar, 2024
The architectural, engineering consultants, and related services market size has experienced steady growth in recent years, progressing from $1512.86 billion in 2023 to $1576.06 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. This growth in the historic period can be attributed to the increased demand for environmentally safe and certified buildings, robust economic growth in emerging markets, a surge in construction activity, globalization, and government subsidies and funding. Looking ahead to 2028, the market is expected to continue its upward trajectory, reaching $1850.76 billion at a CAGR of 4.1%. Anticipated factors contributing to this growth include accelerated economic growth, heightened investment in smart cities, increased government expenditure on infrastructure development, and a focus on green construction.
Global Architectural, Engineering Consultants And Related Services Market Key Driver
The architecture and engineering services market is anticipated to experience growth due to the rising demand for environmentally safe and certified buildings. Stakeholders such as consumers, state governments, and NGOs are actively involved in making residential and commercial buildings more energy-efficient and self-sufficient. Private constructors and real estate developers are adapting projects to meet these demands, resulting in various benefits such as increased rental and resale value, homeowner satisfaction, reduced operating costs, and regional or international recognition. Initiatives like the Leadership in Energy and Environmental Design (LEED) certification program by the US Green Building Council contribute to defining sustainable construction, design, and maintenance practices for residential projects. According to the US Green Building Council (USGBC), LEED-certified buildings have demonstrated significant reductions in carbon, energy, waste, and water waste (30–97%), along with more than a 9% decrease in operating costs.
Get A Free Sample Of The Global Architectural, Engineering Consultants And Related Services Market ReportGlobal Architectural, Engineering Consultants And Related Services Market Segments
The architectural, engineering consultants and related services market covered in this report is segmented –
1) By Type: Engineering Services, Architectural Services, Surveying & Mapping Services, Geophysical Services, Laboratory Testing Services, Building Inspection Services, Drafting Services
2) By Service Provider: Large Enterprise, Small And Medium Enterprise
3) By Application: Road, Rail, Port, Airport, Pipeline, Power, Other Applications
Sub segments: Civil Engineering Services, Electrical Engineering Services, Mechanical Engineering Services, Other Engineering Services, Landscape Architectural Services, Building And Structural Architectural Services, Geophysical Data Collection, Geophysical Data Sales, Integrated Geophysical Services, Other Geophysical Services
By Geography:The regions covered in the architectural, engineering consultants and related services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
Western Europe was the largest region in the architectural, engineering consultants and related services market in 2023. North America was the second largest region in the architectural, engineering consultants and related services market. The regions covered in the architectural, engineering consultants and related services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Architectural, Engineering Consultants And Related Services Industry Players
Downer EDI Limited, WSP Global Inc, John Wood Group PLC, Jacobs Engineering Group, Inc, Fluor Corporation, Babcock International, Kiewit Corporation, Zaha Hadid Architects, The African Engineering Company (SAFI), Beijing Engineering Corp Ltd, Architecture BRIO, Architecture Discipline, Camargo Correa, Cutler. Architecture, Dutco Balfour Beatty, Zvi Hecker Architekt, Redcon Construction Company, HPP Architects, Power China Kunming Engineering Corp. Ltd, Soned Afrique, Thabimndeni Construction & Projects CC, Mourik General Contractors, WTorre Empreendimentos, BCHO Architects Associates, JSWD Architekten, Construcciones Planificadas, Cabinet of Engineering for Development (CAÏD), Queiroz Galvao, China Construction Engineering Design Group Corp. Ltd, Gensler San Francisco, BDP – Building Design Partnership, ZAS Architects + Interiors Inc, Allford Hall Monaghan Morris, Allies and Morrison, khatib & alami, kadawittfeldarchitektur, Iroje KHM Architects, MRV Engenharia, APEX Project Bureau, Arch-BOX, PTW Architects, JEMS Architekci, Julius Berger Nigeria Plc, Danya Cebus Ltd, HDR Omaha, Lubrik Construction Company, Oiltek Engineering Co. Ltd, La’ Ala Al-Kuwait Real Estate Co, Bechtel Corporation, Aecom, Ingarden & Ewy – Architekci, Polish Architecture, Gulf Coast Electromechanical Company (UAE), Orascom Contstruction, China Architecture Design & Research Group, Andrade Gutierrez, Reynolds Construction Company, NV5, Shikun & Binui, Nakheel, Ecomo, WorleyParsons Limited, CP Kukreja Architects, Zaher Architects, Hager Design International Inc., AF construction, Maki & Associates, Grandio, Oderbrecht, Perkins and Will Chicago, Al Habtoor Group LLC, Ashtrom Group Ltd, Eco-Beam, Sou Fujimoto Architects, Design Plus Architects, Arabian Bemco Contracting Co, KPMB Architects, Al Rashid Trading & Contracting Co, Al Rajhi Hydraulic Center, Harry Seidler & Associates, SalfaCorp, Gav Yam Land Corporation Ltd, Estim Construction Co. Ltd, Foster + Partners, Cadence Architects, Unsangdong Architects, Stantec, KBR, Inc., Turner Construction, Shigeru Ban Architects, Peter Stutchbury Architecture, Marco Casamonti & Partners
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Architectural, Engineering Consultants And Related Services Market Overview
An architectural firm provides services such as planning, designing, and supervising the complex task of building construction. An engineering firm can provide extensive consultation to a company needing expert advice and solutions. The company can accept the project and work on evaluating, designing, simulating, and testing the product.
Architectural, Engineering Consultants And Related Services Global Market Report 2023 provides data on the global architectural, engineering consultants and related services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The architectural, engineering consultants and related services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.