Architectural Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Architectural Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global architectural services market size reached US$ 348.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 454.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2022-2028.

Architectural services include planning and designing aesthetics of buildings and spaces that conform to zoning, codes, and safety requirements. These services also comprise programming, interior designing, feasibility studies, site selection, project management, building condition audits, renderings and promotional materials, full-time site representation, and multiple contract preparation. At present, with the flourishing construction industry, they are gaining traction in various architectural structures, ranging from infrastructure utilities like bridges and dams through commercial complexes for hospitals and factories to residential buildings, such as group housing and villas.

Architectural Services Market Trends:

One of the key factors influencing the adoption of architectural services includes the escalating demand for feasible waste management designs and the rising number of infrastructure development projects. Architectural services are also used for retrofitting, refurbishment, renovation, and facility management. Moreover, the growing demand for modern homes with lavish interior designs on account of the increasing per capita incomes and changing lifestyles are also driving the market. Besides this, with the rising environmental concerns, the market players are offering various sustainable design services. Some of these services include analyzing material impact on health, design for well-being, ventilation and computational fluid dynamics, carbon accounting, and project sustainability assessment. Apart from this, governments of numerous countries are focusing on the refurbishment and reconstruction of historical and public infrastructures. Besides this, they are also investing in the construction of smart city infrastructures, which is anticipated to strengthen the growth of the architectural services market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global architectural services market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service type and end use.

Breakup by Service Type:

Architectural Advisory Services

Construction and Project Management Services

Engineering Services

Interior Designing Services

Urban Planning Services

Others



Breakup by End Use:

Education

Government

Healthcare

Hospitality

Industrial

Residential

Retail

Others



Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa



Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AECOM, Aedas, DP Architects Pte Ltd, Foster + Partners Limited, Gensler, HDR Inc., HKS Inc., HOCHTIEF Aktiengesellschaft (ACS Group), IBI Group Inc., Nikken Sekkei Ltd, Perkins&Will and Stantec Inc.

Key Questions Answered in This Report

1. How big is the global architectural services market?

2. What is the expected growth rate of the global architectural services market during 2023-2028?

3. What are the key factors driving the global architectural services market?

4. What has been the impact of COVID-19 on the global architectural services market?

5. What is the breakup of the global architectural services market based on the service type?

6. What is the breakup of the global architectural services market based on the end use?

7. What are the key regions in the global architectural services market?

8. Who are the key players/companies in the global architectural services market?