The Architects industry derives the bulk of its revenue from nonresidential building design. Revenue is generated in large part from fee-based contracts for pre-planning and design services related to construction and building projects. The construction market has been the principal driver for revenue growth over the five years to 2019. Furthermore, the values of both nonresidential and residential construction have expanded over the past five years, resulting in an increased need for architectural design services. Alongside low interest rates, rising per capita disposable income and corporate profit have encouraged individuals and companies to invest in new structures that require architectural services. As a result, industry revenue has increased during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise as operators will likely continue to benefit from demand from nonresidential and residential construction projects. Operators in the Architects industry plan and design residential, institutional, recreational, commercial and industrial buildings and structures by applying their knowledge of design, construction procedures, zoning regulations, building codes and building materials.Soundly built: Increased access to credit and per capita disposable income are expected to benefit the industry
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
OPERATING CONDITIONS
KEY STATISTICS
Companies Mentioned
A selection of companies mentioned in this report includes:
- Gensler
- HKS Inc.
- Stantec Inc.
- M. Arthur Gensler Jr. & Associates, Inc.
- Arquitectonica International Corporation
- Corgan Associates Inc.
- PBK Inc.
- RS&H Inc.
Methodology
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