Architectural Services Market (By Service Type: Architectural Advisory Services, Construction and Project Management Services, Engineering Services, Interior Designing Services, Urban Planning Services; By End User: Education, Government, Healthcare, Hospitality, Industrial, Residential, Retail) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 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:

• Asia Pacific region accounted revenue share of around 38% in 2022.
• By service type, the construction and project management segment has generated a revenue share exceeding 35.5% in 2022.
• The urban planning segment is growing at a registered CAGR of 6.6% between 2023 and 2032.
• By end-use, the industrial segment accounted for 47% of revenue share in 2022.  

Architectural Services Market Report Scope

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:

• IBI Group
• Aedas
• AECOM
• HDR Architecture, Inc.
• Gensler

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

• Architectural Advisory Services
• Construction and Project Management Services
• Engineering Services
• Interior Designing Services
• Urban Planning Services

By End User  

• Education
• Government 
• Healthcare
• Hospitality
• Industrial
• Residential
• Retail

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)