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Drafting Services Market Outlook 2024: Exclusive Report By The Business Research Company | Vegacadd LLC, Creative Drafting Inc., Tier 1 Utility Design Inc., VIATechnik LLC, Curtainwall Design Consulting Inc., CFI Engineering Inc., Aedas Limited, MatkinHoo
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Drafting Services Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The drafting services market size has grown strongly in recent years. It will grow from $5.65 billion in 2023 to $5.95 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to architectural and engineering projects, manufacturing and product design, construction and building codes, technical documentation, cad technology.
The drafting services market size is expected to see strong growth in the next few years. It will grow to $7.26 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to infrastructure development, green building and sustainability, revit and bim integration, digital twin technology, industry 4.0. Major trends in the forecast period include digital transformation, bim (building information modeling), automation and ai, sustainability and green design, 3d printing and prototyping .
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Market Segmentation:
The main types of drafting services are mechanical drafting services, site drafting services for civil engineering projects, structural components of building drafting services, architectural drafting services, drafting of as-built drawings, drafting consulting services, and others. Mechanical drafting services are the process of developing technical machine drawings and mechanical assemblies for mechanical engineers using blueprints within CAD applications. The services are used by various industries, including education, healthcare, hospitality, industrial, residential, and others. The different providers include large enterprises as well as small and medium-sized enterprises.
Major Driver - Growing Demand For Cad Services Drives Drafting Services Market
The growing demand for computer-aided design (CAD) services is expected to propel the growth of the drafting services market. Computer-aided design (CAD) includes the design and drafting of objects, goods, or structures using computer technology. Owing to the tremendous benefits that CAD provides to real estate developers, architects, interior designers, and consumers, CAD outsourcing has proven particularly relevant in the sector of architecture and building design. For instance, in 2021, Autodesk, an American-based software company, revealed that the company's revenue for AutoCAD, and AutoCAD LT products grew by 16% compared to 2020. Therefore, the growing demand for CAD services drives the growth of the drafting services market.
Competitive Landscape:
Major companies operating in the drafting services market include Vegacadd LLC, Creative Drafting Inc., Tier 1 Utility Design Inc., VIATechnik LLC, Curtainwall Design Consulting Inc., CFI Engineering Inc., Aedas Limited, MatkinHoover Engineering & Surveying LLC, Duenas Camacho & Associates Inc., Gray Design Group Inc., DP Architects Pte Ltd, Jacobs Engineering Group Inc., CallisonRTKL Inc., Coates Design Architects PS, SGDI - Sarah Gallop Design Inc., Crosby Creations Drafting & Design Services LLC, Jeannette Architects Inc., uFathom Inc., Astcad Design & Drafting Services, Alpha CAD Service Inc., CAD International Ltd., Australian Drafting & Design Pty Ltd., iCadTec.com, Yurich Design Services Inc., Gensler Architecture Engineering Construction Operations and Management Inc., Stantec Inc., Arup Associates Ltd., HOK Group Inc.
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Top Trend - Revolutionizing Construction With 3D-Printed Buildings And Innovative 3D Printer Technology
3D-printed buildings are a key trend gaining popularity in the drafting services market. A 3D printer can support the design and construction of the entire building. This method is more eco-friendly, cost-effective, and time-efficient for printing buildings than other traditional methods. A digital 3D design of an object is produced either by computer-aided design (CAD) or by a 3D scanner. For instance, in August 2023, Anker Innovations Co., Ltd., a US-based electronic company, launched a new 3D printer called the AnkerMake M5C, which offers the ability to tailor functions with just one click, providing users with a more individualized printing experience. The AnkerMake M5C is controlled via a mobile app or computer, as it does not have a screen or control panel. The printer has a single programmable button that can be customized to activate three functions of the user's choice.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Drafting Services Market Characteristics
3. Drafting Services Market Trends And Strategies
4. Drafting Services Market - Macro Economic Scenario
5. Drafting Services Market Size And Growth
…..
27. Drafting Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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