Global Architectural, Engineering Consultants And Related Services Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

31 May, 2021

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.

Global Architectural, Engineering Consultants And Related Services Market Size And Drivers:

The global architectural, engineering consultants and related services market is expected to grow from $1054.7 billion in 2020 to $1192.4 billion in 2021 at a compound annual growth rate (CAGR) of 13.%.The growth 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 market is expected to reach $1491.2 billion in 2025 at a CAGR of 6%. The rise in demand for environmentally safe and certified buildings is expected to drive the architecture and engineering services market.

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Trends In The Global Architectural, Engineering Consultants And Related Services Market

Architectural and engineering consultants are using 5D building information modeling (BIM) to create dynamic building designs which can be altered at later stages of the project. A BIM software is a tool used to design buildings and structures including lighting, HVAC systems and mechanical, electrical and plumbing systems. It can also be used for clash detection, cost estimation and safety analysis. A 5D building information modeling (BIM) involves creating architectural designs that can be modified and customized in real time. This system collects data from different project teams and helps collaborate with the entire construction chain, eliminating project delays. For instance, construction management company The Korte Company is using 5D BIM technology for project design, planning, cost estimation, thereby enabling faster decision making. The Maharashtra Metro Rail Corporation in the Indian state of Maharashtra is using 5D BIM in its construction projects worth $3 billion to reduce costs and litigations.

Global Architectural, Engineering Consultants And Related Services Market Segments:
The global architectural, engineering consultants and related services market is further segmented based on type, application and geography.
By Type: Engineering Services, Architectural Services, Surveying & Mapping Services, Geophysical Services, Laboratory Testing Services, Building Inspection Services, Drafting Services
By Application: Road, Rail, Port, Airport, Pipeline, Power, Others
Sub-segments covered: 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 global architectural, engineering consultants and related services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global architectural, engineering consultants and related services market, accounting for 37% of the market in 2020.

Read More On The Report For The Global Architectural, Engineering Consultants And Related Services Market At:

https://www.thebusinessresearchcompany.com/report/architectural-engineering-consultants-and-related-services-global-market-report-2020-30-covid-19-impact-and-recovery

Architectural, Engineering Consultants And Related Services Global Market Report 2021 is one of a series of new reports from The Business Research Companythat provides architectural, engineering consultants and related services market overviews, analyzes and forecasts market size and growth for the global architectural, engineering consultants and related services market, architectural, engineering consultants and related services market share, architectural, engineering consultants and related services market players, architectural, engineering consultants and related services market segments and geographies, architectural, engineering consultants and related services market’s 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.

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