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Drafting Services Global Market Report 2024 Market Report, Size, Share And Analysis 2024-2033
Drafting Services Global Market Report
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According to The Business Research Company's, 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 Drivers and Trends:
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.
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.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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.
Drafting Services Market 2024 Key Insights:
• 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%.
• Growing Demand For Cad Services Drives Drafting Services Market
• Revolutionizing Construction With 3D-Printed Buildings And Innovative 3D Printer Technology
• North America was the largest region in the drafting services market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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