Press release
Architectural Services Market: Steady Growth, Emerging Trends, Market Size, and Key Players (2024-2029)
Architectural Services Market Share
What Is The Projected Market Size Of The Global Architectural Services Market And Its Growth Rate?
The Architectural Services Market has been experiencing a steady growth and is expected to continue growing in the future.
• The market size was $201.97 billion in 2024 and it is projected to grow to $215.13 billion in 2025 (6.5% CAGR).
• The growth in the coming years can be attributed to the rise in construction activities, strong economic growth in emerging markets, and increased government support.
• The market size is expected to reach $273.97 billion in 2029 (6.2% CAGR).
• Major trends expected to impact the Architectural Services Market include advancements in technology, digital commerce architecture, introduction of architectural apps, and partnership and collaborations.
What Is Driving The Growth In The Architectural Services Market?
The primary driver for the growth in the Architectural Services Market is the increasing demand for construction activities. The market is heavily dependent on construction as it involves creation of architectural designs and plans for structures. The continued increase in construction activities, as a result, increases the demand for architectural services. For instance, the Office of National Statistics reported a surge in total new work construction output by 15.8%, reaching £132,989 million in 2023. Additionally, the total new work increased by £18,161 million in 2022, with a growth of 16.8% in the private sector and 13.1% in the public sector.
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Who Are The Key Players Driving Architectural Services Market Growth?
Major players in the Architectural Services Market include:
• Jacobs Solutions Inc
• Fluor Corporation
• HOCHTIEF Aktiengesellschaft
• Stantec Inc
• Arcadis NV
• Perkins Eastman
• Gensler
• Architecture BRIO
• Cadence Architects
• CP Kukreja Architects
• And many more
What Are The Key Trends In The Architectural Services Market?
Key trends in the Architectural Services Market include:
• Digital commerce architecture
• Introduction of architectural applications (apps)
• Adoption of 3d printing to expand services portfolio
• Technological advancements
• Use of blockchain technology for better efficiency and data security
• Partnerships and collaborations
What Are The Segments Of The Global Architectural Services Market?
The Architectural Services Market is segmented by:
• Service Type: Architectural Advisory Services, Construction And Project Management Services, Engineering Services, Interior Design Services, Urban Planning Services, Other Service Types
• End-User: Education, Government, Healthcare, Hospitality, Residential, Industrial, Retail, Other End Users
Which Region Leads The Architectural Services Market?
Asia-Pacific was the largest region in the Architectural Services Market in 2024. Other regions covered in the report are Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Architectural Services Market Global Market Report?
- Market Size Analysis: Analyze the Architectural Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Architectural 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 Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Architectural Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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