Architectural Services Market AECOM, Foster + Partners, Gensler, HDR

[sara James]

The global Architectural Services Market size is anticipated to reach USD 648.12 billion by 2030, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 7.4% from 2022 to 2030. The rapid urbanization in countries such as Brazil, India, and South Korea is resulting in an increasing demand for smart homes, which is a major factor driving the growth of the market. Moreover, the rising commercial and industrial building restoration activities across the globe are expected to support the increasing demand for planning, designing, and consulting services for efficient work operation. This, in turn, is expected to contribute to market growth.

Sectors such as industrial, healthcare, and hospitality widely adopt architectural services. Architecture firms assist end-users at every stage of the process, offering them blueprints of the building structure to provide a detailed spatial representation. The growing focus of architectural firms on constructing smart buildings with better space utilization is favoring the market growth. In addition, the demand for urban planning services is increasing owing to numerous smart cities initiatives undertaken by governments across the globe.

In developing countries, the healthcare sector is witnessing rapid developments. The increasing inclination of hospital owners and governments toward providing improved patient care is expected to boost the market growth. Similarly, digital transformation is changing the learning environment and educational institutes are facing challenges related to funding. The demand for architectural services in the education sector to build facilities that are technologically advanced and cost-effective is expected to positively impact the market growth.

The rapid spread of COVID-19 has negatively impacted market growth. Architectural services depend on interaction and coordination, and visiting building sites is an essential part of the process. Strict lockdowns imposed by governments across the world, coupled with a halt in construction activities, have caused a delay in many ongoing architectural projects. As a result, the demand for architectural services witnessed a decline.

Related Press Release@ Architectural Services Market Report

Architectural Services Market Report Highlights

• The construction and project management services segment dominated the market and accounted for a revenue share of more than 30.0% in 2021. The segment is expected to continue leading the market with increasing construction activities globally
• Asia Pacific is anticipated to witness a CAGR of 8.7% over the forecast period. This can be attributed to increasing new construction activities in the healthcare and residential sectors in the region
• Since the outbreak of COVID-19, key players operating in the market have been focused on acquisitions to enhance their businesses. In July 2019, HDR, a global architecture service provider, announced the acquisition of Hurley Palmer Flatt Group. Through this acquisition, the company aims to strengthen its building engineering services in the U.K. 

[umair]

Nice post! This is a very nice blog that I will definitively come back to more times this year! Thanks for informative post. QQ365

[Linkbuilderblog]

I'm going to read this. I'll be sure to come back. thanks for sharing. and also This article gives the light in which we can observe the reality. this is very nice one and gives indepth information. thanks for this nice article ..

amorces large rifle

[Linkbuilderblog]

You have done a great job on this article. It’s very readable and highly intelligent. You have even managed to make it understandable and easy to read. You have some real writing talent. Thank you. essay writing service

[umair]

The website is looking bit flashy and it catches the visitors eyes. Design is pretty simple and a good user friendly interface. สล็อตเว็บใหญ่ที่สุด

[Gabriel]

nice post, keep up with this interesting work. It really is good to know that this topic is being covered also on this web site so cheers for taking time to discuss this! instagram reseller panel

[umair]

Wow! Such an amazing and helpful post this is. I really really love it. It's so good and so awesome. I am just amazed. I hope that you continue to do your work like this in the future also ไทเกอร์111

[Gabriel]

Good artcile, but it would be better if in future you can share more about this subject. Keep posting. ร้านกาแฟในอุบล

[umair]

I admit, I have not been on this web page in a long time... however it was another joy to see It is such an important topic and ignored by so many, even professionals. I thank you to help making people more aware of possible issues. ceramic heating elements

[Gabriel]

Great knowledge, do anyone mind merely reference back to it Official website

[Linkbuilderblog]

I have read all the comments and suggestions posted by the visitors for this article are very fine,We will wait for your next article so only.Thanks! buy fake money online