Press release
Architectural Services Market Segments, Size, Share, Key Players Analysis, Growth, Report 2023-2028
Architectural Services Market
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.
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Architectural services encompass a broad range of practices related to the design and construction of buildings and spaces. These services involve creating detailed plans and designs that are both aesthetically pleasing and functional. Architects are skilled in understanding and integrating various elements such as space utilization, safety, sustainability, and the specific needs of the occupants. The process typically starts with conceptualizing the design, where architects translate a client's vision and requirements into an initial design plan. This stage often involves considering the site's characteristics, local regulations, and budget constraints. Architectural services also include selecting materials and finishes, ensuring that the building will be durable and maintain its aesthetic appeal over time. Sustainability is increasingly a significant focus, with architects often incorporating energy-efficient features and eco-friendly materials to minimize environmental impact.
Market Trends:
The increasing urbanization and the subsequent demand for residential and commercial infrastructure are driving the global market. As cities expand and populations grow, there is a heightened need for innovative and sustainable architectural designs that cater to the modern urban landscape. This trend is particularly pronounced in emerging economies, where rapid urbanization is a key driver of demand for architectural services. Moreover, the rising emphasis on eco-friendly and sustainable building practices is escalating the growth of the market. There is a growing awareness and regulatory push towards green architecture, which involves using energy-efficient materials and designs that minimize environmental impact. Furthermore, the renovation and remodeling of existing structures contribute to market growth. With the aging of infrastructure in developed countries, there is an increasing need for architectural services to refurbish and modernize existing buildings.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
• 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
• Stantec Inc
Architectural Services Market Segmentation:
Our report has categorized the market based on region, service type and end use.
Breakup by Service Type:
• 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:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Contact US:
IMARC Group
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Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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