Architectural Services Market Size, Share & Analysis Report, 2023-2032
The global architectural services market size was exhibited at USD 360.9 billion in 2022 and is projected to hit around USD 555.13 billion by 2032, growing at a CAGR of 4.4% during the forecast period 2023 to 2032.
Key Pointers:
Architectural Services Market Report Scope
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Report Coverage |
Details |
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Market Size in 2023 |
USD 376.78 Billion |
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Market Size by 2032 |
USD 555.13 Billion |
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Growth Rate From 2023 to 2032 |
CAGR of 4.4% |
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Base Year |
2022 |
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Forecast Period |
2023 to 2032 |
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Segments Covered |
By Service Type and By End User |
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Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
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Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
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Key Companies Profiled |
IBI Group, Aedas, AECOM HDR Architecture, Inc., Gensler and Others. |
The demand for services can be attributed to the increasing construction activities across the globe. Rapid urbanization in developing countries, such as India and Brazil, is resulting in increasing residential and commercial construction activities. Moreover, governments are focused on introducing affordable home projects across various countries. This rise in construction activities is expected to support the demand for architectural services such as construction and project management services and urban planning, in turn, boosting the market growth.
The healthcare and hospitality sectors are witnessing rapid growth. In the healthcare sector, hospitals are focused on improving patient care through the establishment of new facilities and reorganizing existing spaces. This helps them improve patient outcomes, increase patient satisfaction, and optimize the building space to seamlessly treat patients. As a result, services such as construction and project management, and interior design are expected to witness significant demand. The hospitality sector is witnessing increasing tourism in developed and developing countries. Increased tourism has led to the development of new hotels, resorts, and restaurants at tourist locations.
Businesses are leaning towards architectural services such as schematic designs, space planning, and interior design which enables the organization to attract more clients and improve client experience. In addition, the focus of major players on enhancing their businesses and customer base through strategic partnerships is expected to augment market growth.
Architects often face challenges in communicating ideas and delivering complex designs. The deployment of VR technology in architectural designs enables architects to save time and money while delivering high precision in design. The increasing uptake of artificial intelligence and virtual reality in the architectural service landscape is expected to drive market growth. Although the market is expected to witness high growth, the high costs associated with architectural services are expected to pose a challenge for the market. In addition, the looming lack of skilled labor and adequate knowledge for design is hampering the market growth. In early 2020, the COVID-19 pandemic adversely impacted the global market. Stringent lockdowns and suspended operations throughout the global constriction industry induced a decline in demand for architectural services. However, during the second half of 2021, the construction industry started picking up growth with the introduction of new as well as redevelopment construction projects, thus creating a path for recovery of the market.
Asia Pacific dominated the market and accounted for the largest revenue share of over 38% in 2022. The segment is expected to grow steadily over the forecast period. The growth can be attributed to rapid urbanization, growing population, and increasing residential and industrial construction projects in this region. China dominated the market for architectural services owing to the presence of major manufacturers and their increasing efforts to establish new production plants.
Europe accounted for a significant revenue share in the market. The growth of this market can be attributed to the flourishing construction sector in the IT sector owing to rising investments and new infrastructure development projects. The gradual resumption of the construction of various data center facilities affected by temporary suspension due to the COVID-19 pandemic and the introduction of new IT projects are expected to induce the architectural service market over the forecast period.
Some of the prominent players in the Architectural Services Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Architectural Services market.
By Service Type
By End User
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Architectural Services Market
5.1. COVID-19 Landscape: Architectural Services Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Architectural Services Market, By Service Type
8.1. Architectural Services Market, by Service Type, 2023-2032
8.1.1. Architectural Advisory Services
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Construction and Project Management Services
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Engineering Services
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Interior Designing Services
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Urban Planning Services
8.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Architectural Services Market, By End User
9.1. Architectural Services Market, by End User, 2023-2032
9.1.1. Education
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Government
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Healthcare
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Hospitality
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Industrial
9.1.5.1. Market Revenue and Forecast (2020-2032)
9.1.6. Residential
9.1.6.1. Market Revenue and Forecast (2020-2032)
9.1.7. Retail
9.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Architectural Services Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.1.2. Market Revenue and Forecast, by End User (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.1.3.2. Market Revenue and Forecast, by End User (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.1.4.2. Market Revenue and Forecast, by End User (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.2.2. Market Revenue and Forecast, by End User (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.2.3.2. Market Revenue and Forecast, by End User (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.2.4.2. Market Revenue and Forecast, by End User (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.2.5.2. Market Revenue and Forecast, by End User (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.2.6.2. Market Revenue and Forecast, by End User (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.3.2. Market Revenue and Forecast, by End User (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.3.3.2. Market Revenue and Forecast, by End User (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.3.4.2. Market Revenue and Forecast, by End User (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.3.5.2. Market Revenue and Forecast, by End User (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.3.6.2. Market Revenue and Forecast, by End User (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.4.2. Market Revenue and Forecast, by End User (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.4.3.2. Market Revenue and Forecast, by End User (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.4.4.2. Market Revenue and Forecast, by End User (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.4.5.2. Market Revenue and Forecast, by End User (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.4.6.2. Market Revenue and Forecast, by End User (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.5.2. Market Revenue and Forecast, by End User (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.5.3.2. Market Revenue and Forecast, by End User (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Service Type (2020-2032)
10.5.4.2. Market Revenue and Forecast, by End User (2020-2032)
Chapter 11. Company Profiles
11.1. IBI Group
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Aedas
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. AECOM
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. HDR Architecture, Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Gensler
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers