Global Architectural Services Market Size 2024, Forecast To 2033
11 Mar, 2024
The architectural services market has experienced robust growth, advancing from $192.53 billion in 2023 to $205.47 billion in 2024, exhibiting a compound annual growth rate (CAGR) of 6.7%. This growth in the historical period is credited to strong economic growth in emerging markets, increased construction activities, rising disposable income, and growing government support. Forecasts suggest continued strong growth, with the market projected to reach $263.05 billion in 2028, reflecting a compound annual growth rate (CAGR) of 6.4%. This expansion is fueled by increasing infrastructure expenditure by governments, rapid urbanization, population growth, and the emergence of smart cities. Major trends in the forecast period include the adoption of digital commerce architecture, introduction of architectural applications (apps), utilization of 3D printing, technological advancements, blockchain integration, and partnerships to expand product portfolios and geographic presence.
Global Architectural Services Market Key Driver
The architectural services market is experiencing growth driven by the increasing demand for construction activities. Construction involves assembling various elements to create structures for specific locations, and architectural services play a pivotal role in designing and planning these projects. The demand for architectural services is directly correlated with the growth of construction activities. In March 2021, building activities increased by 3.7%, as reported by Stats NZ Tatauranga Aotearoa, and residential activities saw a rise of 4.3% in 2021 compared to 2020. The US Census Bureau notes a significant increase in the value of construction activities from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, with a growth rate of 10.2%. This emphasizes the substantial impact of increasing construction demand on the architectural services market. Understanding the market sizes for 2023, 2024, and 2028 is crucial for gauging the trajectory of this market.
Get A Free Sample Of The Global Architectural Services Market ReportGlobal Architectural Services Market Segments
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
By Geography:The regions covered in the architectural services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
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.
Major Architectural Services Industry Players
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
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Architectural Services Market Overview
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.
Architectural Services Global Market Report 2023 provides data on the global architectural services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The architectural services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.