Global Architectural Services Market Overview:
Technological innovations in the market such as the use of advanced designing and planning software’s are helping to boost the Architectural Services market in the forecasted period. The architectural industry is growing considerably, with an increasing number of new architectural firms entering the market with innovative designs and software for providing better services. Urban planning is expected to increase the demand for upgraded design technology involving 3D models, and high end designing software. Outsourcing of engineering services such as CAD drawings and project designs and increasing demand for technologically advanced designing solutions such as 3D modeling and utilization of high-end designing software are some of the primary factors that are propelling the growth of the global architectural services market. For instance, the government of India has launched the ‘Smart Cities Project’, under which they are planning to transform 100 cities around the country into smart cities. Such projects demand a large number of services including project management, urban planning, waste management, construction, engineering, and, designing services.
- Increasing construction activities across the commercial, residential, and public sector
- Increasing investments in the construction market and a substantial increase in demand for design service
- The rising demand due to urban planning services
- The gradual shifting of the architectural industry towards the consultancy service
- The rising demand from the untapped developing regions
- The Concern Related to Technological complexities associated with Architectural Services
- The government sector has a wide scope for architectural services especially in developing countries such as India where the government expenditure on infrastructure development is increasing substantially.
Innovative design development and customized services are expected to be the key parameters for being competitive in this market, with frequent mergers and acquisitions being undertaken as an attempt to diversify product portfolio and gain market share.
Some of the key players profiled in the report are Aedas (Hong Kong), AECOM (United States), Foster & Partners Limited (United Kingdom), DP Architects (Singapore), HDR Architecture(United States), Gensler(United States), HKS, INC.(United States), HOCHTIEF AG (Germany), IBI Group Inc. (Canada) and HOK (United States). Additionally, following companies can also be profiled that are part of our coverage like Jacobs (United States), PCL Constructors Inc. (Canada), Nikken Sekkei (Japan), Perkins Eastman (United States), Perkins & Will (United States) and Stantec (Canada). Analyst at AMA Research see United States Players to retain maximum share of Global Architectural Services market by 2025. Considering Market by End User, the sub-segment i.e. Education will boost the Architectural Services market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Architectural Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Architectural Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Architectural Services Providers, Government regulatory bodies, Government research organization, Private research organization and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.