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Architectural, Engineering Consultants And Related Services Market: Robust Growth at a CAGR of 4.1% Expected by 2029

Architectural, Engineering Consultants And Related Services Market Size

Architectural, Engineering Consultants And Related Services Market Size

Steady Market Growth Projected for Architectural, Engineering Consultants And Related Services

What Is The Projected Market Size Of The Global Architectural, Engineering Consultants And Related Services Market And Its Growth Rate?

The architectural, engineering consultants and related services market has shown steady growth in recent years:

- The market size was $1489.87 billion in 2024, and it is projected to reach $1549.81 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.0%.

- The forecast for the market size by 2029 is $1819.33 billion, estimated at a CAGR of 4.1%.

- Key market trends for the forecast period include faster economic growth, increasing investment in smart cities, increasing infrastructure development expenditure by governments, and green construction.

What Is Driving The Growth In The Architectural, Engineering Consultants And Related Services Market?

The architectural and engineering services market growth is being driven by rising demand for environmentally safe and certified buildings. Consumer advocacy, governmental regulations, and NGOs are pushing for residential and commercial buildings that are energy-efficient and self-sufficient. As a response, private constructors and real estate developers have begun redesigning projects to cater to these demands. This shift has resulted in several benefits including increased rental and resale value, homeowner satisfaction, reduced operating costs, and recognition on regional or international levels. Particularly, LEED-certified buildings under the certification program introduced by the US Green Building Council have shown a significant reduction in wasted resources, with reductions ranging from 30% to 97%. Additionally, operating costs have decreased by over 9% for these buildings. These factors are contributing to the industry's growth.

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Who Are the Key Players Driving Architectural, Engineering Consultants And Related Services Market Growth?

Key players in the architectural, engineering consultants and related services market include:
- Downer EDI Limited
- WSP Global Inc
- John Wood Group PLC
- Jacobs Engineering Group, Inc
- Fluor Corporation
- Zaha Hadid Architects
- Architecture BRIO
- Camargo Correa
- Zvi Hecker Architekt
- Power China Kunming Engineering Corp. Ltd
- Thabimndeni Construction & Projects CC
- BCHO Architects Associates
- Construcciones Planificadas
- Queiroz Galvao
- Bechtel Corporation
- Aecom
- Ingarden & Ewy - Architekci
- NV5
- Shikun & Binui
- Perkins and Will Chicago

What Are The Key Trends In The Architectural, Engineering Consultants And Related Services Market?

Key market trends include:
- Faster economic growth
- Increasing investment in smart cities
- Increasing infrastructure development expenditure by governments
- Green construction

What Are The Segments Of The Global Architectural, Engineering Consultants And Related Services Market?

The global architectural, engineering consultants and related services market is segmented by:

- Type: Engineering Services, Architectural Services, Surveying And Mapping Services, Geophysical Services, Laboratory Testing Services, Building Inspection Services, Drafting Services

- Service Provider: Large Enterprise, Small And Medium Enterprise

- Application: Road, Rail, Port, Airport, Pipeline, Power, Other Applications

Which Region Leads The Architectural, Engineering Consultants And Related Services Market?

In 2024, Western Europe was the largest regional player in the architectural, engineering consultants and related services market. Following closely were North America. Other regions covered in the market report include Asia-Pacific, Eastern Europe, South America, the Middle East, and Africa.

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What Is Covered In The Architectural, Engineering Consultants And Related Services Market Global Market Report?

- Market Size Analysis: Analyze the Architectural, Engineering Consultants And Related Services Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Architectural, Engineering Consultants And Related Services Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Architectural, Engineering Consultants And Related Services Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Architectural, Engineering Consultants And Related Services Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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