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Architectural Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3898
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Market Overview:
The global architectural services market size reached US$ 348.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 454.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.
Architectural services include planning and designing aesthetics of buildings and spaces that conform to zoning, codes, and safety requirements. These services also comprise programming, interior designing, feasibility studies, site selection, project management, building condition audits, renderings and promotional materials, full-time site representation, and multiple contract preparation. At present, with the flourishing construction industry, they are gaining traction in various architectural structures, ranging from infrastructure utilities like bridges and dams through commercial complexes for hospitals and factories to residential buildings, such as group housing and villas.
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Architectural Services Market Trends:
One of the key factors influencing the adoption of architectural services includes the escalating demand for feasible waste management designs and the rising number of infrastructure development projects. Architectural services are also used for retrofitting, refurbishment, renovation, and facility management. Moreover, the growing demand for modern homes with lavish interior designs on account of the increasing per capita incomes and changing lifestyles are also driving the market. Besides this, with the rising environmental concerns, the market players are offering various sustainable design services. Some of these services include analyzing material impact on health, design for well-being, ventilation and computational fluid dynamics, carbon accounting, and project sustainability assessment. Apart from this, governments of numerous countries are focusing on the refurbishment and reconstruction of historical and public infrastructures. Besides this, they are also investing in the construction of smart city infrastructures, which is anticipated to strengthen the growth of the architectural services market in the coming years.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global architectural services market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service type and end use.
Breakup by Service Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Architectural Advisory Services
- Construction and Project Management Services
- Engineering Services
- Interior Designing Services
- Urban Planning Services
- Others
Breakup by End Use:
- Education
- Government
- Healthcare
- Hospitality
- Industrial
- Residential
- Retail
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AECOM, Aedas, DP Architects Pte Ltd, Foster + Partners Limited, Gensler, HDR Inc., HKS Inc., HOCHTIEF Aktiengesellschaft (ACS Group), IBI Group Inc., Nikken Sekkei Ltd, Perkins&Will and Stantec Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Service Type, End Use, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | AECOM, Aedas, DP Architects Pte Ltd, Foster + Partners Limited, Gensler, HDR Inc., HKS Inc., HOCHTIEF Aktiengesellschaft (ACS Group), IBI Group Inc., Nikken Sekkei Ltd, Perkins&Will and Stantec Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global architectural services market was valued at US$ 348.7 Billion in 2022.
We expect the global architectural services market to exhibit a CAGR of 4.6% during 2023-2028.
The growing demand for modern homes with superior interior designs, along with the continuous development of smart city infrastructures, is primarily driving the global architectural services market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous construction activities, thereby negatively impacting the global market for architectural services.
Based on the service type, the global architectural services market has been segregated into architectural advisory services, construction and project management services, engineering services, interior designing services, urban planning services, and others. Among these, construction and project management services currently hold the largest market share.
Based on the end use, the global architectural services market can be bifurcated into education, government, healthcare, hospitality, industrial, residential, retail, and others. Currently, residential exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global architectural services market include AECOM, Aedas, DP Architects Pte Ltd, Foster + Partners Limited, Gensler, HDR Inc., HKS Inc., HOCHTIEF Aktiengesellschaft (ACS Group), IBI Group Inc., Nikken Sekkei Ltd, Perkins&Will, and Stantec Inc.
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