Architectural Services Market Size & Growth | Forecast 2031
Architectural Services Market Size & Growth | Forecast 2031
Segments - Architectural Services Market by Types (Architectural design services, Construction and Project Management services, Engineering services, Interior design services, Urban planning services, and others), End-uses (civic, cultural, education, healthcare, hotel & hospitality, master planning, office & corporate, residential, retail, sport, transportation & infrastructure, and mixed), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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Report Description
Architectural Services Market Outlook
The global architectural services market size was valued at USD 307,910 Million in 2020 and is projected to reach USD 448,046 Million by 2028, expanding at a CAGR of 4.8% during the forecast period. Architectural services include design, preparation of construction documents, and construction management. Architects provide various services including feasibility studies, architectural planning, and project management.
Architectural service refers to any practice involving the construction of a structure or combination of architectural design, art, and science, use of space inside and around the structure, or any practice of architectural design, including but not specifically limited to plan designs, design development, preparation of construction contract documents, and management of construction contracts.
Key benefits of architectural services include
- Design expertise helps to handle design errors.
- Detailed and accurate drawings help to reduce cost significantly, due to reduction of design mistakes.
- Advantage of choosing the right material and finishes depending on the budget limit.
- Cost Efficiency
- Compliant with International Standards
Architectural Services Market Dynamics
Green building services include architecture, construction, engineering, and related activities, aiming to use the environment to create sustainable structures, responsible processes, and materials. Architecture services provide maps on minimal wastage of water, energy consumption, conservation of natural resources, resources that generate less waste, and create a healthy space for occupants.
3D printing aids in creating custom architectural models. Through architectural services, site masterplans, building plans, and unique concepts are easily brought to life. It creates interchangeable 3D models to help visualize ideas and make decisions.
The architectural services market size is growing, due to increased investment in developing infrastructure facilities across many business verticals. Governments in several developing countries are currently concentrating on strengthening the infrastructure.
Architectural services include the latest techniques and trends in furniture designing and modelling. It involves designers and manufacturers to create furniture that enhances work environment, productivity, and aids in effective space management. Scarcity of resources and lack of personnel with design knowledge and experience restrains the market.
The architectural services market is sensitive to changes in the regulatory environment. The construction sector is rapidly changing and the rules that govern it are continuously changing as well. The architectural services market is vulnerable to changing regulatory conditions. The construction industry is changing rapidly, and the laws and regulations that define its boundaries are constantly changing.
Artificial Intelligence (AI) aids in evaluating data and building models, which saves time and effort of architects. AI is a tool for estimating many aspects of the construction of a building. The market is anticipated to benefit from ongoing investments in smart city projects as well as rural-urban development projects worldwide. The government is investing heavily in smart city construction.
Architectural Services Market Segment Insights
Types Segment Analysis
In terms of types, the architectural services market is segmented into architectural design services, construction and project management services, engineering services, interior design services, urban planning services, and others. The architectural design services segment accounted for a significant share of the market in 2019, owing to the increasing adoption of technology.
End-Uses Segment Analysis
Based on end-uses, the market is categorized as civic, cultural, education, healthcare, hotel & hospitality, master planning, office & corporate, residential, retail, sport, transportation & infrastructure, and mixed. The Residential segment is expected to dominate the market in the coming years, owing to rising demand for construction, increasing living standards, and rising disposable incomes.
Regional Analysis
On the basis of regions, the market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The architectural service market is growing in Asia Pacific, owing to increasing construction activities in the region.
Key Benefits for Industry Participants & Stakeholders
- In-depth analysis of the global architectural services market
- Historical, current, and projected market size in terms of value (USD million).
- Potential & niche segments and regions exhibiting promising growth covered
- Industry drivers, restraints, and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
Segments
Types
- Architectural Design Services
- Construction & Project Management Services
- Engineering Services
- Interior Design Services
- Urban Planning Services
- Others
End-uses
- Civic
- Cultural
- Education
- Healthcare
- Hotel & Hospitality
- Master Planning
- Office & Corporate
- Residential
- Retail
- Sport
- Transportation & Infrastructure
- Mixed
Regions
-
-
North America
- US
- Canada
- Mexico
-
Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Russia
- Rest of the Europe
-
Asia
- China
- Japan
- South Korea
- India
- South East Asia
- Rest of the Asia
-
-
-
Australasia
- Australia
- New Zealand
- Rest of Australasia
-
South America
- Argentina
- Brazil
- Chile
- Rest of South America
-
Middle East
- GCC
- South Africa
- Turkey
- Rest of Middle East & Africa
-
Africa
- Nigeria
- Egypt
- South Africa
- Rest of Africa
-
Key Players
Competitive Landscape
Key players operating in the global architectural services market include Gensler, AECOM, IBI Group, HDR Inc, NIKKEN SEKKEI LTD, Perkins and Eastman, KKR Bose design services Pvt Ltd., Stantec Inc, Jacobs Engineering Group Inc., DP ARCHITECTS PTE LTD., Perkins and Will, The Korte Company, Foster + Partners, HKS, and Aedas.
- AECOM is expected to continue its engineer role on Edmonton Valley Line light rail transit extension as the project enters the next phase. This is anticipated to economically benefit the company and help overcome the impact of Covid-19 on its revenue.
Frequently Asked Questions
Additional company profiles are provided on request.
Yes, the report provides supply chain analysis along with a list of suppliers, service providers, and customers.
According to this Growth Market Reports report, the architectural services market is expected to register a CAGR of 4.8% during the forecast period, 2020-2027, with an anticipated valuation of USD 448,046 million by the end of 2028.
In addition to market size (in USD Million), company market share (in % for base year 2020), other data such macro-economic factors, and COVID-19 impact on the value chain are available in the final report.
Factors such as competitive strength and market positioning are key areas considered, while selecting top companies to be profiled.
End-uses in the architectural service market which is driving the market include residential, master planning, office, and corporate.
Demand for architectural services is expected to continue to increase over the forecast period, due to increasing construction of green buildings and rising awareness about regulations.
The base year considered for the architectural services market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years, and the forecast is provided from 2021 to 2028.
The market is expected to decline in growth, as y-o-y is -5.6% between 2019 and 2020, owing to the adverse impact of the COVID-19 pandemic on the architectural services market.
Major players in the market include AECOM, Jacobs Engineering Group Inc., Gensler, Perkins, and Will, HDR Inc.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Architectural Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Architectural Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Architectural Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Architectural Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Architectural Services Market Size & Forecast, 2018-2028
4.5.1 Architectural Services Market Size and Y-o-Y Growth
4.5.2 Architectural Services Market Absolute $ Opportunity
4.6 Architecture Market Overview
Chapter 5 Global Architectural Services Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Architectural Services Market Size Forecast By Type
5.2.1 Construction and Project Management Services
5.2.2 Engineering services
5.2.3 Interior Design Services
5.2.4 Urban Planning Services
5.2.5 Others
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Architectural Services Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Architectural Services Market Size Forecast By Application
6.2.1 Education
6.2.2 Government
6.2.3 Healthcare
6.2.4 Hospitality
6.2.5 Industrial
6.2.6 Residential
6.2.7 Retail
6.2.8 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Architectural Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Architectural Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Architectural Services Analysis and Forecast
9.1 Introduction
9.2 North America Architectural Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Architectural Services Market Size Forecast By Type
9.6.1 Construction and Project Management Services
9.6.2 Engineering services
9.6.3 Interior Design Services
9.6.4 Urban Planning Services
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America Architectural Services Market Size Forecast By Application
9.10.1 Education
9.10.2 Government
9.10.3 Healthcare
9.10.4 Hospitality
9.10.5 Industrial
9.10.6 Residential
9.10.7 Retail
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis By Application
9.12 Absolute $ Opportunity Assessment By Application
9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Architectural Services Analysis and Forecast
10.1 Introduction
10.2 Europe Architectural Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Architectural Services Market Size Forecast By Type
10.6.1 Construction and Project Management Services
10.6.2 Engineering services
10.6.3 Interior Design Services
10.6.4 Urban Planning Services
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 Europe Architectural Services Market Size Forecast By Application
10.10.1 Education
10.10.2 Government
10.10.3 Healthcare
10.10.4 Hospitality
10.10.5 Industrial
10.10.6 Residential
10.10.7 Retail
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Architectural Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Architectural Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Architectural Services Market Size Forecast By Type
11.6.1 Construction and Project Management Services
11.6.2 Engineering services
11.6.3 Interior Design Services
11.6.4 Urban Planning Services
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Asia Pacific Architectural Services Market Size Forecast By Application
11.10.1 Education
11.10.2 Government
11.10.3 Healthcare
11.10.4 Hospitality
11.10.5 Industrial
11.10.6 Residential
11.10.7 Retail
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Architectural Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Architectural Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Architectural Services Market Size Forecast By Type
12.6.1 Construction and Project Management Services
12.6.2 Engineering services
12.6.3 Interior Design Services
12.6.4 Urban Planning Services
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Latin America Architectural Services Market Size Forecast By Application
12.10.1 Education
12.10.2 Government
12.10.3 Healthcare
12.10.4 Hospitality
12.10.5 Industrial
12.10.6 Residential
12.10.7 Retail
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Architectural Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Architectural Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Architectural Services Market Size Forecast By Type
13.6.1 Construction and Project Management Services
13.6.2 Engineering services
13.6.3 Interior Design Services
13.6.4 Urban Planning Services
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Middle East & Africa (MEA) Architectural Services Market Size Forecast By Application
13.10.1 Education
13.10.2 Government
13.10.3 Healthcare
13.10.4 Hospitality
13.10.5 Industrial
13.10.6 Residential
13.10.7 Retail
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
14.1 Architectural Services Market: Competitive Dashboard
14.2 Global Architectural Services Market: Market Share Analysis, 2020
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gensler
14.3.2 AECOM
14.3.3 Aedas
14.3.4 IBI Group
14.3.5 HDR
14.3.6 Foster + Partners
14.3.7 DP Architects Pte Ltd
14.3.8 HKS Inc
14.3.9 Jacobs
14.3.10 NIKKEN SEKKEI LTD
14.3.10 Perkins and Eastman
14.3.10 PERKINS&WILL
14.3.10 Stantec
14.3.10 The korte company
14.3.10 KKR bose design services pvt ltd
Methodology
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