The Global Architectural Services industry has endured some complications over the five years to 2023. Despite economic growth and an infusion of government-funded building projects in emerging nations fueling revenue early in the period, the industry did not fare as well in the latter half of the period. The COVID-19 pandemic decreased employment and consumer spending in developed economies, in addition to negatively affecting the global economic operating environment. Still, industry performance will rejuvenate as the economy continues its recovery following the worst effects of the pandemic. The Global Architectural Services industry's revenue has been inching upward at a CAGR of 0.7% to $255.3 billion over the five years to 2023, including an estimated 2.4% jump in 2023 alone.
This industry is composed of operators primarily engaged in planning and designing residential, institutional, leisure, commercial and industrial buildings and structures by applying knowledge of design, construction procedures, zoning regulations, building codes and building materials.
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's key players and their market shares.
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