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Drafting Services Market Size, Share, Growth Analysis
Drafting Services Market Size
Drafting Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $7.26 billion In 2028 At A CAGR Of 5.1% :
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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Drafting Services Market Major Segments
The drafting services market covered in this report is segmented -
1) By Service Type: Mechanical Drafting Services, Site Drafting Services For Civil Engineering Projects, Structural Components Of Buildings Drafting Services, Architectural Drafting Services, Drafting Of As:Built Drawings, Drafting Consulting Services, Other Services
2) By Provider: Large Enterprise, Small and Medium Enterprise
3) By End-User: Education, Healthcare, Hospitality, Industrial, Residential, Other End-Users
Key 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.
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Prominent 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.
Drafting Services Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the drafting services market in 2023. Western Europe was the second largest region in the drafting services market. The regions covered in the drafting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Drafting Services Market Report Structure
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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