San Francisco, Sep
19 The global architectural
services market is expected to reach USD 391.97 billion by 2025,
according to a new report by Grand View Research, Inc. Increasing investments
in construction sector has been a major factor driving market growth. Some
major technological innovations in the market such as use of advanced designing
and planning software’s have contributed largely to the market growth.
Due to the significant advancements in the level of
building design, along with regulations and policies, the architectural
services will witness a spur in the demand for highly technical design
development along with accurate drafting services. This would initiate the demand
for contractual service offerings. These contractual services will combat the
complicated mechanical and electrical requirements and will also need high
level analysis of pre-design services.
Residential sector accounted for a major shareholder
in architectural services market, however Government sector is anticipated to
grow substantially at a CAGR of 9.1% by 2025. Increasing investments by various
government bodies across the world especially in projects such as smart cities,
public transportation and subsidised home projects are driving the market
growth for architectural services in government sector.
In 2016, Asia Pacific region accounted for maximum
market share followed by Europe. Middle East and Africa region is anticipated
to grow fastest over the forecast period, owing to increasing number of mega
construction projects in the region.
Browse full research report on Architectural Services Market: www.grandviewresearch.com/industry-analysis/architectural-services-market
Further
key findings from the report suggest:
- Global demand for construction and project management architectural
services was USD 107.61 billion in 2016 and is anticipated to witness
staggered growth over the next nine years
- The architectural services in education sector is anticipated to
grow at CAGR of 8.0% over the forecast period.
- The Asia Pacific market is projected to witness substantial growth
over the next decade owing to various developments across major economies,
especially in urban planning services market. The regional market is
expected to grow at a CAGR of 3.6% from 2017 to 2025.
- Key players including AECOM, Aedas, Gensler, IBI Group Inc., Nikken
Sekkei dominated the global architectural services market while accounting
for over 35% of the total revenue in 2016
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand
View Research has segmented the global architectural services market report on
the basis of product & services, end user and region:
Architectural
Services Product and Service Type Outlook (Revenue, USD Billion, 2014 - 2025)
- Architectural
Advisory Services
- Construction
and Project Management Services
- Engineering
services, Interior Design Services
- Urban
Planning Services
- Others
Architectural
Services End-User Outlook (Revenue, USD Billion, 2014 - 2025)
- Education
- Government
- Healthcare
- Hospitality
- Industrial
- Residential
- Retail
- Others
Architectural
Services Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Sweden
- Asia Pacific
- China
- India
- Japan
- South korea
- Latin America
- Brazil
- Mexico
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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