How Global Drafting Services Market Players Should Strategize For 2022-2031

The global drafting services market is expected to grow from $4.69 billion in 2021 to $5.33 billion in 2022 at a compound annual growth rate (CAGR) of 13.6%. The growth in the 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 drafting services market is expected to reach $8.40 billion in 2026 at a CAGR of 12.0%.

What is the Global Drafting Services Market?

The drafting services market consists of the sales of drafting services and related goods by entities (organizations, sole traders, and partnerships) that draw detailed layouts, plans, and illustrations of buildings, structures, systems, or components from engineering and architectural specifications. Only goods and services traded between entities or sold to end consumers are included.

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What drives the Global Drafting Services Market?

The high cost of computer-aided design (CAD) drafting services is expected to hamper the growth of the drafting services market in the coming years. CAD, or computer-aided design and drafting (CADD), is a design and technical documentation software that substitutes an automated process instead of a manual design. The cost of the design depends upon the type and size required. Most of the drafting firms will charge an average of $100 to $120 an hour. Architects are more costly, charging $130 to $150 per hour. Therefore, the high cost of CAD drafting services hinders the growth of the drafting services market.

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Global Drafting Services Market Segments
The global drafting services market is segmented:
By Service Type: Mechanical Drafting Services, Site Drafting Services For Civil Engineering Projects, Structural Components Of Buildings Drafting Services, Architectural Drafting Services, Drafting Of As: Built Drawings, Drafting Consulting Services, Others
By End-User: Education, Healthcare, Hospitality, Industrial, Residential, Others.
By Provider: Large Enterprise, Small and Medium Enterprise
By Geography: The regions covered in the drafting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Drafting Services Global Market Report 2022provides market size and growth forecasts for the global drafting services market, global drafting services market share, drafting services market segments and geographies, drafting services market competitive landscape including leading competitors’ revenues, profiles and market shares. The drafting services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Drafting Services Industry Playersinclude Vegacadd, Creative Drafting, Tier 1 Utility Design, VIATechnik, LLC, Curtainwall Design Consulting, CFI Engineering, Aedas, MatkinHoover Engineering & Surveying, Duenas Camacho & Associates and Gray Design Group. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.