Architectural, Engineering Consultants And Related Services Global Market Sees Growth Rate Of 10% Through 2022

2 Feb, 2022

The global architectural, engineering consultants and related services market is expected to grow from $1.29 trillion in 2021 to $1.43 trillion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The growth in the architectural, engineering consultants and related services market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The architectural, engineering consultants and related services market is expected to reach $1.97 trillion in 2026 at a CAGR of 8.6%.

What is the Global Architectural, Engineering Consultants And Related Services Market?

The architecture, engineering consultants and other related services (A, EC & related services) market consists of the sales of A, EC & related services and related goods by entities (organizations, sole traders and partnerships) that provide support to the planning and designing of construction related businesses of all sizes across all industries. Business entities that are engaged in providing architecture, engineering consultants and other related services are generally referred to as architectural firms or engineering consultancy firms. Architecture, engineering consultants and related services undertake processes where human capital is the major input. They make available the knowledge and skills of their employees, often on an assignment basis, where an individual or team is responsible for the delivery of services to the client.

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What drives the Global Architectural, Engineering Consultants And Related Services Market?

The rise in demand for environmentally safe and certified buildings is expected to drive the architecture and engineering services market. Consumers, state governments and NGOs are working towards making residential and commercial buildings more energy efficient and self-sufficient. Private constructors and real estate developers are redesigning projects to fulfil these demands, leading to many benefits such as increase in rental and resale value, home-owner satisfaction, lower operating costs and regional or international recognition. The US Green Building Council launched the Leadership in Energy and Environmental Design (LEED) certification program to establish a set of rating systems that define the construction, design and maintenance of residential projects. According to a study by the US Green Building Council (USGBC), LEED certified buildings have managed to reduce carbon, energy, waste and water waste by almost 30-97% and operating costs by more than 9%.

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Global Architectural, Engineering Consultants And Related Services Market Segments
The global architectural, engineering consultants and related services market is segmented:
By Type: Engineering Services, Architectural Services, Surveying and Mapping Services, Geophysical Services, Laboratory Testing Services, Building Inspection Services, Drafting Services
By Application: Road, Rail, Port, Airport, Pipeline, Power, Others
By Service Provider: Large Enterprise, Small and Medium Enterprise
By Geography: 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, and Africa.

Architectural, Engineering Consultants And Related Services Global Market Report 2022provides market size and growth forecasts for the global architectural, engineering consultants and related services market, global architectural, engineering consultants and related services market share, architectural, engineering consultants and related services market segments and geographies, architectural, engineering consultants and related services market competitive landscape including leading competitors’ revenues, profiles and market shares. The architectural, engineering consultants and related services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Architectural, Engineering Consultants And Related Services Industry Playersinclude PowerChina, Fluor Corporation, AECOM Technology Corporation, WorleyParsons Limited, McDermott International Inc., Jacobs Engineering Group Inc., John Wood Group PLC, KBR Inc., Babcock International and WSP Global Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.