Architectural and Engineering Services Market Trends | Industry Growth Statistics 2022

The global architectural and engineering services market size was valued at USD 1,146.2 billion in 2021 and is expected to grow at a significant CAGR of 7.2% during the forecast period from 2022 to 2028. Planning and designing buildings and places with aesthetics that adhere to zoning, ordinances, and safety criteria are included in architectural services. Programming, interior design, feasibility analyses, site selection, project management, building condition audits, renderings and promotional materials, full-time site representation, and the creation of various contracts are other services offered. They are currently gaining popularity in a wide range of architectural constructions, from commercial complexes for hospitals as well as factories to residential buildings, such as group housing and villas, and the construction industry.

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Architectural and Engineering Services Market Growth Factors:
The increasing need for practical waste management designs and the growing number of infrastructure development projects are two major factors impacting the use of architectural services. Additionally, property management, refurbishing, renovation, and retrofitting all employ architectural services. Additionally, the industry is being driven by the rising desire for contemporary homes with opulent interior designs as a result of rising per capita earnings and changing lifestyles. In addition to this, the market players are providing a range of sustainable design services in response to the growing environmental concerns. A few of these services include project sustainability evaluation, ventilation and computational fluid dynamics, material influence on health analysis, and design for well-being. In addition to this, governments in many nations are concentrating on the renovation and repair of historical and public.

The global architectural and engineering services market segmentation:
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
3) By Service Provider: Large Enterprise, Small and Medium Enterprise

Architectural and Engineering Services Market Regional Analysis:
Asia Pacific dominated the market and had a revenue share of about 36.0%. Over the forecast period, the segment is anticipated to increase steadily. Rapid urbanization, a rising population, and an increase in the number of industrial and residential construction projects in this area can all be contributed to the rise. Due to the presence of significant manufacturers and their expanding attempts to create new production facilities, China took over the market for architectural services.

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Major players working in the global architectural and engineering services market are AECOM, Gensler, HDR, GHD, IBI Group, Jacobs Engineering Group, NIKKEN SEKKEI LTD.

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