Global Architectural Services Market to Reach $732.9 Billion by 2030
The global market for Architectural Services estimated at US$443.7 Billion in the year 2023, is expected to reach US$732.9 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2023-2030. Construction & Project Management Services, one of the segments analyzed in the report, is expected to record a 7.7% CAGR and reach US$258 Billion by the end of the analysis period. Growth in the Engineering Services, Interior Design Services segment is estimated at 8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $117.1 Billion, While China is Forecast to Grow at 10.7% CAGR
The Architectural Services market in the U.S. is estimated at US$117.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$171.9 Billion by the year 2030 trailing a CAGR of 10.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 6.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$103.9 Billion by the year 2030.
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