Architects in the US - Industry Market Research Report

Architects in the US - Industry Market Research Report

Architects in the US

Architects derive revenue from fee-based contracts for pre-planning and design services related to construction and building projects. Revenue is generated from contracts related to housing and nonresidential building construction, with the latter generating more sales for architects. High wage growth and low unemployment encouraged consumer spending and business investment in the years before the COVID-19 pandemic, resulting in high revenue growth for architects. The COVID-19 pandemic forced households to stay put, so spending in a variety of markets plunged, resulting in a major decline in the nonresidential sector and revenue for the industry. Despite these challenges, architects operating in residential markets performed well, as low interest rates and government assistance enabled households to purchase and renovate homes in record amounts.

Operators in the Architects industry plan and design residential, institutional, recreational, commercial and industrial buildings and structures by applying their knowledge of design, construction procedures, zoning regulations, building codes and building materials.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.