Architectural Service Market Set to Soar Past USD 547.1 Billion by 2030
The global Architectural Service market size is expected to reach USD 547.1 billion by 2030 and exhibit a CAGR of 4.8% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing demand for sustainable and energy-efficient buildings, urbanization and rapid infrastructure development, growing focus on smart cities and intelligent building designs, technological advancements in architecture and design, and expansion of the real estate and construction industry are fueling the market’s growth.
Westford,USA, Aug. 18, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Architectural Service market, digitization and adoption of Building Information Modeling (BIM), integration of sustainable design principles, rise of mixed-use developments, demand for inclusive and accessible architecture, emphasis on biophilic design and connection to nature, incorporation of smart building technologies, growth of modular and prefabricated construction methods, the increasing importance of wellness-focused design, use of virtual and augmented reality in design visualization, collaboration and co-design practices are the trends that aid in the market’s growth.
Browse in-depth TOC on “Architectural Service Market”
- Pages – 260
- Tables – 75
- Figures – 75
Architectural service is the process of designing and constructing buildings and structures. It involves a wide range of activities, from gathering client requirements to creating blueprints and overseeing construction. Architects use their engineering, construction, and design knowledge to create functional, aesthetically pleasing, and sustainable buildings.
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Prominent Players in Architectural Service Market
- AECOM
- Aedas
- Atkins
- BIG
- CannonDesign
- DP Architects
- Gensler
- HDR Architecture
- HOK
- Jacobs
- KPF
- NBBJ
- Perkins&Will
- RMJM
- Skidmore, Owings & Merrill (SOM)
- Stantec
- TPG Architecture
- Woods Bagot
- Zaha Hadid Architects
- ZGF Architects
- William McDonough + Partners
- WSP
Architectural Design Demand to Grow Substantially in the Forecast Period
Architectural design dominated the global market owing to its high core service. It is also required for various types of projects, including residential, commercial, institutional, and industrial buildings. The demand for architectural design services remains consistently high across these sectors, contributing to its dominance in the market.
Commercial is the Leading Application Segment
In terms of application, the commercial is the leading segment due to the growing commercial construction. In addition, With increasing urbanization and economic development, there is a growing need for infrastructure projects such as airports, transportation hubs, and civic buildings. Architectural services play a crucial role in designing and planning these large-scale infrastructure projects, driving the demand for services in the commercial application segment.
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North America is the leading Market Due to the Technological Advancements
Region-wise, North America is one of the largest growing markets with a huge emphasis on architectural design. The region is at the forefront of technological advancements in the architectural industry. North American firms often adopt advanced design tools, Building Information Modeling (BIM), and other innovative technologies, enhancing their competitiveness and attracting clients seeking cutting-edge architectural services.
A recent report thoroughly analyzes the major players operating within the Architectural Service market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Architectural Service.
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Key Developments in Architectural Service Market
- In Late 2022, Manley Spangler Smith Architects (MSSA), a Georgia-based, full-service architectural firm specializing in educational and municipal facilities, merged with PBK, a nationally renowned architecture firm known for its comprehensive services and leadership in the field of educational facilities design for improving the educational experience for learners.
Key Questions Answered in Architectural Service Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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