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Architectural Services Market Share, Trends Analysis, Size, Industry Insights And Outlook By 2032
Architectural Services Market Analysis
The Business Research Company's Architectural Services Global Market Report 2023 identifies increasing demand for construction activities as the major driver for the architectural services market's growth in the forecast period. Construction refers to an activity of putting together various elements to create a structure for a specific location, using a detailed design and plan. The architectural services market is used in construction to create architectural designs and plans and to make different elements to build that project structures, as a result, increasing demand for construction activities increases the demand for architectural services.
The global architectural services market size is expected to grow from $334.55 billion in 2022 to $354.70 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global architectural services market size is expected to reach $439.37 billion in 2027 at a CAGR of 5.5%.
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Major competitors in the architectural services market are AECOM, Foster + Partners, Gensler, HDR Inc., IBI Group Inc., Jacobs Engineering Group, Nikken Sekkei Ltd., Perkins Eastman.
A key trend in the architectural services market includes technological advancement. Major companies operating in the architectural services market are focused on developing innovative solutions to strengthen their position in the market. For instance, in December 2021, COBOD International, a Denmark-based company operating in architectural services and CEMEX, a Mexico-based company operating in architectural services launched an innovative 3D concrete printing technology approach to improve construction projects. This technology has unique features such as it lowers construction costs, allowing new customization and complex designs of structures, improving the production of higher quality elements by utilizing machine-perfect fabrication and also helping builders faster speed of construction and a high level of design freedom formworks.
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The architectural services market is segmented -
1) By Service Type: Architectural Advisory Services, Construction And Project Management Services, Engineering Services, Interior Design Services, Urban Planning Services, Other Service Types
2) By End-User: Education, Government, Healthcare, Hospitality, Residential, Industrial, Retail, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the architectural services market.
The Business Research Company's "Global Architectural Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Architectural Services Market Include:
1. Executive Summary
2. Architectural Services Market Characteristics
3. Architectural Services Market Trends And Strategies
4. Architectural Services Market - Macro Economic Scenario
5. Architectural Services Market Size And Growth
………
26. Africa Architectural Services Market
27. Architectural Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Architectural Services Market
29. Architectural Services Market Future Outlook and Potential Analysis
30. Appendix
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