Press release
Global Architectural, Engineering Consultants And Related Services Market to Reach $1819.33 Billion by 2029, Growing at 4.1% CAGR
Architectural, Engineering Consultants And Related Services
The growth in demand for eco-friendly and certified buildings is anticipated to spur the market for architectural and engineering services. There's a collective movement comprised of customers, state governments, and NGOs pushing for both residential and commercial structures to be more energy efficient and self-reliant. Private builders and property developers are reconfiguring projects to meet these stringent requirements, leading to numerous advantages such as enhanced resale and rental value, homeowner contentment, diminished operating expenses, and regional to global recognition. The Leadership in Energy and Environmental Design (LEED) certification program was instantiated by the US Green Building Council to create a benchmark for the construction, design, and maintenance of residential developments. A research conducted by the US Green Building Council (USGBC) revealed that LEED-accredited buildings have achieved reductions in carbon, energy, waste, and water waste by approximately 30-97% and operating costs have been slashed by more than 9%.
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What growth opportunities are expected to drive the architectural, engineering consultants and related services market's CAGR through 2034?
The market size for architectural, engineering consultants, and associated services has been on a consistent upward trajectory in the past few years. The market is expected to expand from $1489.87 billion in 2024 to $1549.81 billion in 2025, with a compound annual growth rate (CAGR) of 4.0%. The growth seen in the historical phase is the result of increased demand for buildings that are eco-friendly and certified, robust economic development in growing markets, a spike in construction activities, the effects of globalization, and government subsidies and funding.
The size of the market for architectural, engineering consultants, and related services is predicted to maintain consistent growth in the coming years. The market is set to climb to a size of $1819.33 billion by 2029, with a compound annual growth rate (CAGR) of 4.1%. The anticipated growth during this forecast period is due to several factors including accelerated economic growth, rising investments in smart cities, expanded infrastructure development spending by governments, and a surge in green construction. The key trends to watch during the forecast period are the same - faster economic growth, increased investment in smart cities, more government spending on infrastructure development, and the rise of green construction.
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What are the emerging trends shaping the future of the architectural, engineering consultants and related services market?
Architectural and engineering experts are employing 5D building information modeling (BIM) for the development of dynamic building blueprints, which can be readily adjusted during later parts of the project. BIM software is a tool for mapping buildings and structures, such as lighting, HVAC systems, and mechanical, electrical, and plumbing systems and can also be employed for collision detection, cost approximation, and safety assessment. 5D building information modeling (BIM) pertains to the development of architectural blueprints that can be optimized and personalized in real-time. This mechanism gathers data from distinct project teams and promotes collaboration throughout the entire building chain, minimizing project hold-ups. For instance, The Korte Company, a construction management enterprise, is utilizing 5D BIM technology for project designing, strategizing, and cost approximation, thereby promoting quick decision-making. The Maharashtra Metro Rail Corporation in Maharashtra, India is employing 5D BIM for its construction projects worth $3 billion to cut costs and legal disputes.
Which growth-oriented segments of the architectural, engineering consultants and related services market are leading the industry's development?
The architectural, engineering consultants and related services market covered in this report is segmented -
1) By Type: Engineering Services, Architectural Services, Surveying And Mapping Services, Geophysical Services, Laboratory Testing Services, Building Inspection Services, Drafting Services
2) By Service Provider: Large Enterprise, Small And Medium Enterprise
3) By Application: Road, Rail, Port, Airport, Pipeline, Power, Other Applications
Subsegments:
1) By Engineering Services: Civil Engineering Services, Structural Engineering Services, Mechanical Engineering Services, Electrical Engineering Services, Environmental Engineering Services
2) By Architectural Services: Architectural Design, Urban Planning, Interior Design, Landscape Architecture
3) By Surveying And Mapping Services: Land Surveying, Geodetic Surveying, Construction Surveying, Aerial Surveying
4) By Geophysical Services: Seismic Surveys, Magnetic Surveys, Ground Penetrating Radar (GPR)
5) By Laboratory Testing Services: Material Testing, Environmental Testing, Structural Testing
6) By Building Inspection Services: Pre-Purchase Inspections, Code Compliance Inspections, Quality Assurance Inspections
7) By Drafting Services: CAD Drafting, 3D Modeling, Technical Drawing Services
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What regions are leading the charge in the architectural, engineering consultants and related services market?
Western Europe was the largest region in the architectural, engineering consultants and related services market in 2024. North America was the second largest region in the architectural, engineering consultants and related services market. The regions covered in the architectural, engineering consultants and related services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the architectural, engineering consultants and related services market?
Major companies operating 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, Babcock International, Kiewit Corporation, Zaha Hadid Architects, The African Engineering Company (SAFI), Beijing Engineering Corp Ltd, Architecture BRIO, Architecture Discipline, Camargo Correa, Cutler. Architecture, Dutco Balfour Beatty, Zvi Hecker Architekt, Redcon Construction Company, HPP Architects, Power China Kunming Engineering Corp. Ltd, Soned Afrique, Thabimndeni Construction & Projects CC, Mourik General Contractors, WTorre Empreendimentos, BCHO Architects Associates, JSWD Architekten, Construcciones Planificadas, Cabinet of Engineering for Development (CAÏD), Queiroz Galvao, China Construction Engineering Design Group Corp. Ltd, Gensler San Francisco, BDP - Building Design Partnership, ZAS Architects + Interiors Inc, Allford Hall Monaghan Morris, Allies and Morrison, khatib & alami, kadawittfeldarchitektur, Iroje KHM Architects, MRV Engenharia, APEX Project Bureau, Arch-BOX, PTW Architects, JEMS Architekci, Julius Berger Nigeria Plc, Danya Cebus Ltd, HDR Omaha, Lubrik Construction Company, Oiltek Engineering Co. Ltd, La' Ala Al-Kuwait Real Estate Co, Bechtel Corporation, Aecom, Ingarden & Ewy - Architekci, Polish Architecture, Gulf Coast Electromechanical Company (UAE), Orascom Contstruction, China Architecture Design & Research Group, Andrade Gutierrez, Reynolds Construction Company, NV5, Shikun & Binui, Nakheel, Ecomo, WorleyParsons Limited, CP Kukreja Architects, Zaher Architects, Hager Design International Inc., AF construction, Maki & Associates, Grandio, Oderbrecht, Perkins and Will Chicago, Al Habtoor Group LLC, Ashtrom Group Ltd, Eco-Beam, Sou Fujimoto Architects, Design Plus Architects, Arabian Bemco Contracting Co, KPMB Architects, Al Rashid Trading & Contracting Co, Al Rajhi Hydraulic Center, Harry Seidler & Associates, SalfaCorp, Gav Yam Land Corporation Ltd, Estim Construction Co. Ltd, Foster + Partners, Cadence Architects, Unsangdong Architects, Stantec, KBR, Inc., Turner Construction, Shigeru Ban Architects, Peter Stutchbury Architecture, Marco Casamonti & Partners
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What Is Covered In The Architectural, Engineering Consultants And Related Services Global Market Report?
•Market Size Forecast: Examine the architectural, engineering consultants and related services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the architectural, engineering consultants and related services market for a structured understanding.
•Key Players Overview: Analyze major players in the architectural, engineering consultants and related services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the architectural, engineering consultants and related services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the architectural, engineering consultants and related services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the architectural, engineering consultants and related services market.
•Industry Challenges: Identify potential risks and obstacles affecting the architectural, engineering consultants and related services market.
•Competitive Landscape: Review strategic developments in the architectural, engineering consultants and related services market, including expansions, agreements, and new product launches.
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