Global Engineering Services Market

The 3D printed medical devices market consists of sales of 3D printed medical devices and related services. 3D printing is a process to create three-dimensional medical devices with the help of computer-aided design. Some of the 3D printed medical devices include orthopaedic and cranial implants, surgical instruments, dental restorations such as crowns, and external prosthetics. The main types of 3D printed medical devices are implants, surgical instruments, prosthetics, tissue engineering devices, and others. The 3D-printed implants are medical implants that are made using 3D printing technology to create complex geometries. These are made up of raw materials such as plastics, biomaterial inks, and metals and alloys. The technologies involved in 3D printed medical devices are fused deposition modeling, digital light processing, stereolithography, and selective laser melting. These provide applications in orthopedic, spinal, dental, hearing aids, and others that are used by end-users such as hospitals, diagnostics centers, academic institutions, and others. The global 3D printed medical devices market size is expected to grow from $2.29 billion in 2021 to $2.76 billion in 2022 at a compound annual growth rate (CAGR) of 20.4%. The global 3D printed medical device market size is then expected to grow to $4.49 billion in 2026 at a CAGR of 13.0%. The increasing prevalence of osteoarthritis and similar musculoskeletal conditions is one of the major factors driving the growth of the 3D printed medical devices market. Osteoarthritis is a disorder that damages the joint cartilage and surrounding tissues causing pain, stiffness, and loss of joint function to the person affected by it. The 3D printing medical devices enable the creation of a replica of a patient's joint which can provide surgeons with a crucial piece of information that might not be visible on a 2-dimensional scan. The chance of developing osteoarthritis increases with age. For instance, according to the US National Library of Medicine report, by 2040, it is estimated that approximately 78 million (26%) US adults aged 18 years and above will be projected to have doctor-diagnosed arthritis. Thereby driving the adoption of 3D printed medical devices, positively impacting the market growth. Biocompatibility issues related to 3D printed medical devices restrict the growth of the 3D printed medical devices market. Biocompatibility implies the properties that make material or a device compatible with the human body. If the material used for the preparation of a 3D printed implant device is not compatible with the patients' biomechanics, then patients may suffer side effects such as abnormal growth of bone and bleeding. Among the most common metal used in the manufacturing of 3D printed medical devices is Titanium. Though Titanium offers reliability and accuracy in creating medical-grade products, some human bodies tend to reject titanium as its chemical composition can inhibit the bone and tissue from interacting with the implant. Apart from these other reasons which may contribute to the failure of metallic implants that are either caused by the material properties of the metal (e.g., high stiffness, high corrosion rate, and toxicity) itself or by the exposure of the bone to infected metal implants i.e., infection. The increasing use of 3D printing technology in the spine industry is one of the latest trends in the 3D printing medical devices market. The spine industry is adopting 3D printing to produce new innovative products that can promote bone ingrowth and improve implant fixation to spine bone, reducing the number of manufacturing steps, thereby making the 3D printing process more cost-effective in several cases. For instance, Medtronic launched its titanium 3D printed platform – TiONIC Technology. TiONIC Technology is a 3D printed technique that uses laser methods to create implants with enhanced surface textures. Artic-L is the first implant created by the company using TiONIC Technology. The implant is made up of titanium and designed to be used by surgeons in spine surgery. In addition to that, K2M’s Lamellar, introduced its 3D Titanium Technology to create a 3D spinal implant. The 3D printing medical device using titanium technology uses an advanced 3D printing method to create structures that were once considered impractical with traditional manufacturing techniques. The implants use titanium powder and are associated with bone growth activity. Food and Drug Administration (FDA) has a Centre for Device and Radiological Health (CDRH) to regulate the firm which manufacture, repackage, relabel and/or import 3D printing medical devices in the US. FDA provides manufacturers with a draft with guidance that includes recommendations for device design, manufacturing, and testing considerations during the development of 3D printing medical devices. Section F of the 'Technical Considerations for Additive Manufactured Medical Device' draft, requires the manufacturers to evaluate the biocompatibility of the final finished device as described in the guidance "Use of International Standard ISO-10993". The guidelines also require the manufacturer of the 3D printing devices to mention the additional information in the label if any toxic chemical additives such as certain additives, catalysts, binding and curing agents, uncured monomers, and plasticizers are used in making 3D printing medical devices. In July 2020, Medtronic, an American Irish-domiciled medical device company acquired Medicrea International for an undisclosed amount. The acquisition of Medicrea expands Medtronic’s already deep portfolio as this adds to their spinal solution profile as the advent of new digital technology will offer the ability to custom spinal implants. Medicrea International is a spinal surgery company with 30+ FDA-approved spinal implant technologies that have been utilized in over 150,000 spinal surgeries to date. Major players in the 3D printed medical devices market are 3D Systems Corporation, EnvisionTEC, Stratasys Ltd., Arcam AB, Cyfuse Biomedical, Materialise NV, Organovo Holdings, EOS GmbH, FabRx Ltd., and Concept Laser. The regions covered in the global 3D printed medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the 3D printed medical devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global 3D printed medical devices market is segmented - 1) By Type: Implants, Surgical Instruments, Prosthetics, Tissue Engineering Devices, Others 2) By Application: Orthopedic, Spinal, Dental, Hearing Aids, Others 3) By Technology: Fused Deposition Modelling, Digital Light Processing, Stereolithography, Selective Laser Melting 4) By Raw Material: Plastics, Biomaterial Inks, Metals and Alloys 5) By End-User: Hospitals, Diagnostics Centres, Academic Institutions, Others

The employment services market consists of sales of employment services and related goods by entities (organizations, sole traders and partnerships) that list employment vacancies and refer or place applicants for employment; provide executive search, recruitment, and placement services; supply workers to clients' businesses for limited periods of time to supplement the working force of the client; or provide human resources and human resource management services to client businesses and households. The different types of employment services are employment placement agencies, executive search services, temporary help services and professional employer organizations. An employment agency is a business that is hired to find and hire people for other businesses. The agency can be either governmental or private, with operations at the federal, state, or local levels. The different modes include online, offline and is used by various sectors such as banking and financial, engineering, medical, information and technology, others. The global employment services market size is expected to grow from $1415.24 billion in 2021 to $1599.97 billion in 2022 at a compound annual growth rate (CAGR) of 13.1%. 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 employment services market is expected to reach $2512.51 billion in 2026 at a CAGR of 11.9%. Executive search services companies and recruitment agencies are increasingly relying on artificial intelligence to simplify recruitment process. Recruitment process involves screening of profiles from a large applicant pool which is time consuming. Artificial intelligence can automate this process for effective screening and assessment of candidates. Additionally, artificial intelligence powered chat bots are being used for initial communication with job applicants and scheduling interviews. For instance, the ARYA platform by Leoforce uses artificial intelligence to analyse profiles, resumes and information on the web to screen job applicants. Olivia, a chat bot communicates with candidates through mobile platforms or social channels to schedule interviews. Major companies in the employment services market are Randstad Holding NV, Adecco Group, Recruit Holdings, ManpowerGroup Inc., Hays Plc, Kelly Services Inc, ADP LLC, Insperity, Inc., Robert Half International Inc. and Korn Ferry. North America was the largest region in the employment services market in 2021. Asia Pacific was the second-largest region in the employment services market. The regions covered in the employment services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the employment services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global employment services market is segmented - 1) By Type: Employment Placement Agencies, Executive Search Services, Temporary Help Services, Professional Employer Organizations 2) By Vertical: Banking and Financial, Engineering, Medical, Information and Technology, Others 3) By Mode: Online, Offline

The design, editing and rendering software market consists of sales of design, editing and rendering software by entities (organizations, sole traders and partnerships) that develop, market and distribute computer and mobile software used for design, photo editing, video editing, animation, graphic designing, industrial designing and object rendering. The main types of design, editing and rendering software are engineering design software, animation and VFX design software, and image/video editing and graphic design software. An engineering design software is a software that provides supporting services required for the creation of infrastructure and plant physical assets. These software are deployed through cloud and on-premise model and used in industrial engineering, games, video and others. The end users of these software are architects & builders, designers, remodelers and others. The global design, editing & rendering software market size is expected to grow from $42.61 billion in 2021 to $46.08 billion in 2022 at a compound annual growth rate (CAGR) of 8.2%. 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 design, editing and rendering software market is expected to reach $60.46 billion in 2026 at a CAGR of 7%. Continuous technological innovation and greater access to 3D enabled devices is driving the design, editing and rendering software products market. Additionally, increased internet penetration has led to the increase in usage and awareness of software products, mobile virtualization, mobile applications, and 3D entertainment, which led to an increased usage of 3D rendering and animation software products. For example, in 2019, FARO, a 3D measurement and imaging solutionscompany, launched “SCENE 2019” for Advanced 3D Reality Capture. Greater access to such devices not only increased awareness of 3D technologies but also drove the market for design, editing and rendering software. The design, editing and rendering software industry will witness a monopolistic competition as top large players will obstruct smaller firms from entering the market. Since the effectiveness of a software product is based on the company’s capacity, resources, promotion and expertise, businesses and organizations tend to depend on larger firms offering one-stop solution. Smaller firms in the industry may find it difficult to compete and move towards specializing in particular areas. Furthermore, it may be difficult for new companies to enter the market as access to skilled software programmers, IT professionals and systems engineers will be required, thus restraining the growth of the market during forecast period. Some design, editing and rendering software vendors are gradually shifting towards a subscription revenue mode to increase subscriber base. This model is often priced at around one-fifth of the license fees of the software. Companies in this industry are offering software products through subscription revenue model as entities working on single projects and small to medium sized companies to help them reduce their IT expenditure. For instance, Adobe launched the Adobe Creative Cloud, which offers the entire collection of Adobe software products on users’ desktop. It follows an annual or monthly subscription model that can be accessed at any desktop, laptop or tablet. In July 2021, Siemens Digital Industries Software, a US-based computer software company announced the acquisition of FORAN software that is used to design, construction and engineering of vessels and marine structures from SENER Group, for undisclosed amount. This will help Siemens Xcelerator portfolio, to offer a more comprehensive and integrated portfolio of software and services that will cover all aspects of the ship lifecycle, from concept design through production to operations and optimized service lifecycle management. SENER Group is a Spanish engineering company offering various designing software. Major companies in the design, editing & rendering software market include Adobe Systems Incorporated, Dassault Systemes, Google, AUTODESK, INC, Synopsys, Inc., Trimble Inc., Siemens AG, ANSYS, Larsen & Toubro ltd., and NEMETSCHEK GROUP. North America was the largest region in the design, editing & rendering software market in 2021. Asia Pacific was the second largest region in the design, editing, rendering software market. The regions covered in the design, editing & rendering market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the design, editing & rendering software market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The global design, editing & rendering software market is segmented - 1) By Type: Engineering Design Software, Animation and VFX Design Software, Image/Video Editing and Graphic Design Software 2) By Application: Industrial Engineering, Games, Video, Others 3) By End-User: Architects and Builders, Designers, Remodelers, Others 4) By Deployment: Cloud, On-Premise Subsegments Covered: Computer-Aided Design, Electronic Design Automation Software, Media Animation and VFX Design Software, Entertainment Animation and VFX Design Software, Gaming Animation and VFX Design Software, Pixel-Based Image Editors, Vector-Based Image Editors

The design, research, promotional and consulting services (also referred to as general professional services) market consists of the sales of design, research, promotional and consulting services and related goods by entities (organizations, sole traders and partnerships) that offer expertise and services to a wide range of industries, and in some cases to households and individuals. Activities include architectural services, engineering services, design services, research services, advertising services, photographic services, and other design, research, promotional and consulting services. Design, research, promotional and consulting establishments undertake processes where human capital is the major input. These establishments 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. The main types of design, research, promotional and consulting services are photographic services, market research services, advertising, public relations, and related services, scientific research and development services, environmental consulting services, management consulting services, specialized design services, architectural and engineering consultants and related services. Photographic services is a department of Design and Publication Services which offers photographic services to University academics and employees, such as a photographer and a photo lab technician. The different modes include online and offline. The various service providers include large enterprise and small and medium enterprise. The global design, research, promotional and consulting services market is expected to grow from $3987.91 billion in 2021 to $4401.17 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The growth in the design, research, promotional and consulting 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 design, research, promotional and consulting services market is expected to reach $6257.62 billion in 2026 at a CAGR of 9.2%. The design, research, promotional and consulting services market growth is aided by stable economic growth forecasted in many developed and developing countries. According to the International Monetary Fund (IMF) the global GDP growth reached 3.2% in 2019 and 3.5% in 2020. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. For instance, India's GDP reached 7.2%, whereas China is GDP growth reached 6.0% in 2020. Stable economic growth is expected to increase investments in end user markets, thereby driving the market during forecast period. The outbreak of Coronavirus disease (COVID-19) has acted as a restraint on the design, research, promotional and consulting services market in 2020 as governments globally imposed lockdowns and restricted trade, thereby limiting the need for professional services. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the design, research, promotional and consulting services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Companies in the design, research, promotional and consulting services market are shifting from the traditional per-hour and per-month revenue model to a value-oriented revenue model. In line with increasing wages and pressure from clients to decrease pricing, many companies are shifting towards value-oriented billing. Value-oriented billing is easy to apply in markets such as management consulting and market research since the value (such as tax savings, damage awards, ad placements or the size of an acquisition or merger) is often explicit. It is expected that more design, research, promotional and consulting service providers will shift to value-based pricing as they try to become ""advisors"" rather than just service providers. Major companies in the design, research, promotional and consulting services market include Accenture, Deloitte Touche Tohmatsu Limited, Total SA, PowerChina, WPP plc, PwC, Ernst & Young, Omnicom Group Inc., Jacobs Engineering Group Inc. and Fluor Corporation. North America was the largest region in the design, research, promotional and consulting services market in 2021. Western Europe was the second largest region in design, research, promotional and consulting services market. The regions covered in the design, research, promotional and consulting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the design, research, promotional and consulting services market are Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam. The global design, research, promotional and consulting services market is segmented - 1) By Type: Photographic Services, Market Research Services, Advertising, Public Relations, And Related Services, Scientific Research And Development Services, Environmental Consulting Services, Management Consulting Services, Specialized Design Services, Architectural, Engineering Consultants And Related Services 2) By Mode: Online, Offline 3) By Service Provider: Large Enterprise, Small and Medium Enterprise Subsegments Covered: Portrait Studios Services, Commercial Studios, Marketing Research And Analysis Services, Public Opinion And Election Polling, Advertising Agencies, Other Advertising Services, Public Relations, Direct Mail Advertising, Billboard & Outdoor Advertising, Media Buying Agencies And Representative Firms, Print Advertising Distribution, Social Sciences And Humanities Services, Physical, Engineering, And Life Sciences, Nanotechnology Services, Biotechnology Services, Site Remediation Consulting Services, Other Environmental Consulting Services, Water And Waste Management Consulting Services, Environment Management, Compliance And Due Diligence, Operations Advisory, Financial Advisory, Technology Advisory, Strategy Advisory, Other Consulting Services , HR Advisory, Interior Design Services, Graphic Design Services, Industrial Design Services, Fashion And Other Design Services, Engineering Services, Architectural Services, Laboratory Testing Services, Surveying & Mapping Services, Building Inspection Services, Geophysical Services, Drafting Services

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. The main types of drafting services are 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, and others. Mechanical drafting services are the process of developing technical machine drawings and mechanical assemblies for mechanical engineers using blueprints within CAD applications. The services are used by various industries including education, healthcare, hospitality, industrial, residential, and others. The different providers include large enterprise and small and medium enterprise. 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 drafting 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 drafting services market is expected to reach $8.40 billion in 2026 at a CAGR of 12.0%. The growing demand for computer-aided design (CAD) services is expected to propel the growth of the drafting services market. Computer-aided design (CAD) includes the design and drafting of objects, goods, or structures using computer technology. Owing to the tremendous benefits that CAD provides to real estate developers, architects, interior designers, and consumers, CAD outsourcing has proven particularly relevant in the sector of architecture and building design. For instance, in 2019 Autodesk, an America-based software company revealed that the company revenue for its construction, architecture, engineering, AutoCAD, and AutoCAD LT products grew by 37%. Therefore, the growing demand for CAD services drives the growth of the 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. 3D printed buildings is a key trend gaining popularity in the drafting services market. A 3D printer can support the design and construct of the entire building. This method is more eco-friendly, cost-effective, and time-efficient in printing buildings than other traditional methods. A digital 3D design of an object is produced either by a computer-aided design (CAD) or by a 3D scanner. In January 2020, Zortrax, a Polish manufacturer of 3D printers and filaments for SMB, launched a 3D printing service that utilises the full product portfolio of the company. Customers that want to use 3D printing but can't afford purchasing a machine and using it in-house will be able to obtain produced parts for prototyping, tooling, or end-use product applications. In May 2019, WorleyParsons, an Australia-based engineering services company acquired Jacobs ECR for $3.2 billion. The deal will help to bring equal abilities in key business lines including a best-in-class coastal and downstream MMO capability allowing customers to benefit from expanded integrated solutions offering. Jacobs ECR, an America based professional services firm. Major players in the drafting services market are 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. The regions covered in the drafting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the drafting services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global drafting services market is segmented - 1) 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 2) By End-User: Education, Healthcare, Hospitality, Industrial, Residential, Others. 3) By Provider: Large Enterprise, Small and Medium Enterprise

The construction market consists of sales of construction services and related goods by entities (organizations, sole traders and partnerships) that construct buildings or engineering projects (e.g., highways and utility systems). Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The construction market includes new work, additions, alterations, maintenance, and repairs. The different types of construction are buildings construction, heavy and civil engineering construction, specialty trade contractors, land planning and development. Building construction includes the dismantling of existing structures, the construction of new structures, the addition of latest structures to existing structures, and the required modifications to existing structures to correspond to any recent additions. The different sectors include private and public. The global construction market size is expected to grow from $13570.90 billion in 2021 to $15171.80 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The growth in the construction 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 construction market is expected to reach $22873.96 billion in 2026 at a CAGR of 10.8%. The increasing construction activities in emerging markets is expected to propel the growth of the construction market over coming years. Emerging markets which registered robust construction activity included China, Brazil, India, Saudi Arabia and Indonesia. For instance, according to the National Bureau of Statistics, construction output contributed for 25.9% of China's GDP in 2020, up from 6.2% in 2019. This rapid growth in construction activity contributed to the growth of the construction market. Construction costs have increased steadily due to rising material costs in the historic period. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil, a key component of asphalt reached $41.96 per barrel in 2020, softwood lumber, a major component used for buildings construction, rose by 112% in February 2021 compared to 2020. Therefore, high material prices adversely affected the construction market during historic period. Building construction companies are increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to World Green Building Trends Survey, about 60% of construction firms across the globe were involved in green construction projects. Certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies to develop high-performance, sustainable residential and commercial buildings, and also offer a variety of benefits, from tax deductions to marketing opportunities. Sustainable construction materials such as natural paints and steel beams made from recycled material are being widely used in the UK. Other green construction techniques such as cross-ventilation for more natural environment, green construction software such as Construction Suite to ensure green compliance, and Green Globes management tool are also being used in the construction industry. For instance, some, Major companies using green construction techniques include Turner Construction Co, Clark Group, AECOM, Hensel Phelps and Holder Construction. Major companies in the construction market include China State Construction Engineering Corporation Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co., Ltd., China Evergrande Group. Asia Pacific was the largest region in the construction market in 2021. North America was the second-largest region in the construction market. The regions covered in the construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the construction market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global construction market is segmented - 1) By Type: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development 2) By End User: Private, Public Subsegments Covered: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction, Foundation, Structure, And Building Exterior Contractors, Building Equipment Contractors, Building Finishing Contractors, Other Specialty Trade Contractors, Residential Land Planning And Development, Commercial And Institutional Land Planning And Development, Industrial Land Planning And Development

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. The main types of architectural, engineering consultants and related services are engineering services, architectural services, surveying & mapping services, geophysical services, laboratory testing services, building inspection services and drafting services. Engineering services are defined as those provided for system, assembly, or product deployments that are comparable in material, design, and scope to those stated for this Program. It is used in various applications such as road, rail, port, airport, pipeline, power and others. The different service providers include large enterprise and small and medium enterprise. The global architectural, engineering consultants and related services market is expected to grow from $1290.07 billion in 2021 to $1416.90 billion 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 $1970.31 billion in 2026 at a CAGR of 8.6%. 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%. The outbreak of Coronavirus disease (COVID-19) has acted as a restraint on the architectural, engineering consultants and related services market in 2020 as governments globally imposed lockdowns and restricted trade, thereby limiting the need for professional services. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the architectural, engineering consultants and related services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy 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. Major companies in the architecture, engineering consultants and other related services market include 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. Western Europe was the largest region in the architectural, engineering consultants and related services market in 2021. 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. The countries covered in the architectural, engineering consultants and related services market are Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam. The global architectural, engineering consultants and related services market is segmented - 1) By Type: Engineering Services, Architectural Services, Surveying & Mapping Services, Geophysical Services, Laboratory Testing Services, Building Inspection Services, Drafting Services 2) By Application: Road, Rail, Port, Airport, Pipeline, Power, Others 3) By Service Provider: Large Enterprise, Small and Medium Enterprise Subsegments 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

The heavy and civil engineering construction market consists of sales of heavy and civil engineering construction services and related goods by entities (organizations, sole traders and partnerships) that undertake heavy and civil engineering construction projects (e.g. highways and dams), and by specialty trade contractors, whose primary activity is the production of a specific component for such projects. The work performed may include new work, additions, alterations, or maintenance and repairs. The sales revenues earned from construction projects involving water resources (e.g. dredging and land drainage) and projects involving open space improvement (e.g., parks and trails) are included in this market. Establishments whose primary activity is the subdivision of land into individual building lots usually perform various additional site-improvement activities (e.g. road building and utility line installation) and their sales revenues are included in this market. The main types of heavy and civil construction are utility system construction, highway, street, and bridge construction, and other heavy and civil engineering construction. The construction of distribution lines, as well as related buildings and infrastructure for utilities (i.e., water, sewer, petroleum, gas, power, and communication) is referred to as utility system construction. It includes all structures (including buildings) that are integral parts of utility systems (e.g. storage tanks, pumping stations, power plants, and refineries). Organisation involved into heavy and civil construction are divided into large enterprises and small and medium enterprises. The global heavy and civil engineering construction market size is expected to grow from $1742.92 billion in 2021 to $1921.67 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The growth in the heavy and civil engineering construction 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 heavy and civil engineering construction market is expected to reach $2733.35 billion in 2026 at a CAGR of 9.2%. Technological development will drive the growth of heavy and civil engineering construction during the forecast period. Markets such as foundation, structure, and building exterior contractors which involve technology benefited from this trend. Areas of rapid technological change include smart highways, 3D concrete printing, drone surveying, kinetic roads, 'tiny houses', and solar roads. Due to the advancement in technology the demand for better infrastructure will increase and positively impact the demand in heavy and civil engineering construction. Heavy and civil engineering construction costs are increasing steadily due to rising material cost. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil, a key component of asphalt increased by 58% in 2021 from the year 2020. According to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics, in the US, prices paid for items used in residential construction jumped 1.7% in April 2021 and have increased by 12.4% over the last 12 months. According to the National Association of Home Builders (NAHB), softwood lumber prices jumped 6.5 percent in April 2021, marking a new high for the third month in a row. Since November 2020, lumber prices have risen by 52.0 percent. High material prices will adversely affect the heavy and civil engineering construction market during the forecast period. The offshore productivity or the productivity of marine contractors has been increasing in recent years owing to better automation and monitoring technologies. This increase in productivity is seen particularly in dredging, land reclamation and offshore construction of oil platforms, and can be attributed to mechanical technology improvements, automation and better monitoring of offshore construction projects. For example, in August 2020, MJR Power and Automation, a vessel mobilization and marine engineering expert based in the United Kingdom, has completed a mobilization project for Enshore Subsea, a division of DeepOcean Group that is responsible for all subsea intervention activities around the world. The work was conducted on the recently overhauled Assister vessel, which is commercially managed by JD Contractor and serves both the renewables and oil and gas industries. The specialized vessel, which houses cutting-edge equipment, has been specially developed to perform a number of activities such as deepwater anchor handling and offshore cable installations, towing underwater plough systems, and providing subsea and ROV support work. Major marine contractors include Jenkins Marine, Teignmouth Maritime Services, and Edwards Diving Services. Major companies in the heavy and civil engineering construction market include China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co., Ltd., China State Construction Engineering Corporation Ltd., Power Construction Corporation of China. Asia Pacific was the largest region in the heavy and civil engineering construction market in 2021. North America was the second-largest in the heavy and civil engineering construction market. The regions covered in the heavy and civil engineering construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the heavy and civil engineering construction market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global heavy and civil engineering construction market is segmented - 1) By Type: Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction 2) By Organisation Size: Large Enterprises, Small and Medium Enterprises Subsegments Covered: Water And Sewer Line And Related Structures Construction, Oil And Gas Pipeline And Related Structures Construction, Power And Communication Line And Related Structures Construction, Roads And Highways, Bridges And Tunnels, Other Highway, Street, And Bridge Construction, Marine And Ports Construction, Rail Road Construction, Sea Wall Construction, All Other Heavy And Civil Engineering Construction