Industry Outlook and Trend Analysis
The Architectural Services Market has encountered substantial development in the recent years and is foreseen to grow tremendously in the following years. Expanding investments in construction market and rising demand for configuration administrations are anticipated to drive the market development. In addition, steady moving of architectural industry towards consultancy benefit industry is foreseen to affect the architectural services market. The requirement for construction and project management was most elevated in 2016 and the market is anticipated to proceed with the development over the figure time frame.
Product Outlook and Trend Analysis
The market can be divided by services into architectural advisory services, engineering, construction and project management, urban planning services, and interior design. The construction and project management portion is expected to display high development in the worldwide engineering and outlining administrations market over the figure time frame.
End User Outlook and Trend Analysis
On the basis of end user, architectural services can be portioned into government, hospitality, residential, education, modern, healthcare, and retail. Residential fragment constitutes leading share the interest for residential architecture configuration is anticipated to increment over the estimate time frame, additionally government is putting resources into giving better housing to their residents which is additionally anticipated that would support market development.
Regional Outlook and Trend Analysis
Asia Pacific commanded the worldwide market and was esteemed at USD 122.31 billion in 2016. The regional development is essentially determined by the existence of significant players, accessibility of less expensive work, enhanced infrastructure facilities for production, great monetary condition and advancement of new product and services.
The leading players in the market are IBI Group, AECOM, HDR Inc, Gensler and Aedas. Creative design development and modified services are anticipated to be key parameter for being competitive in this market, with mergers and acquisitions being embraced as an endeavour to differentiate product portfolio and pick up share of the overall industry.
The Architectural Services Market is segmented as follows-
Construction and Project Management
Architectural Advisory Services
Engineering &, Interior Designing
By End User:
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?