This report describes and explains the global architectural, engineering consultants and related services market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The global architectural, engineering consultants and related services market reached a value of nearly $1,290.1 billion in 2021, having increased at a compound annual growth rate (CAGR) of 2.4% since 2016. The market is expected to grow from $1,290.1 billion in 2021 to $1,650.9 billion in 2026 at a rate of 5.1%. The market is then expected to grow at a CAGR of 4.0% from 2026 and reach $2,010.1 billion in 2031.
Growth in the historic period in the architectural, engineering consultants and related services market resulted from rise in demand for environmentally safe and certified buildings, strong economic growth in emerging markets, rise in construction activity, globalization and rise in domestic manufacturing. The market was restrained by outbreak of coronavirus disease (covid-19), shortages of skilled workers, rising material costs and geo-political tensions.
Going forward, technological advances, increasing infrastructure development expenditure by governments, green construction and rise in disposable income will drive the market in future. Factors that could hinder the growth of the market in the future include rising costs and decreasing margins and lack of skilled workers.
The architectural, engineering consultants and related services market is segmented by type into engineering services, architectural services, surveying & mapping services, geophysical services, laboratory testing services and building inspection services and drafting services. The engineering services segment was the largest segment of the engineering services market segmented by type, accounting for 76.4% of the total in 2021. Going forward, the architectural services segment is expected to be the fastest growing segment in the architectural, engineering consultants and related services market segmented by type, at a CAGR of 5.5% during 2021-2026.
The engineering services market is segmented by type into civil engineering services, electrical engineering services, mechanical engineering services and other engineering services. The civil engineering services segment was the largest segment of the engineering services market segmented by type, accounting for 50.9% of the total in 2021. Going forward, the other engineering services segment is expected to be the fastest growing segment in the engineering services market segmented by type, at a CAGR of 6.4% during 2021-2026.
The architectural services market is segmented by type into landscape architectural services and building and structural architectural services. The building and structural architectural services segment was the largest segment of the architectural services market segmented by type, accounting for 90.0% of the total in 2021. Going forward, the building and structural architectural services segment is expected to be the fastest growing segment in the architectural services market segmented by type, at a CAGR of 5.7% during 2021-2026.
The geophysical services market is segmented by type into geophysical data collection; geophysical data sales; integrated geophysical services and other geophysical services. The geophysical data collection segment was the largest segment of the geophysical services market segmented by type, accounting for 52.0% of the total in 2021. Going forward, the other geophysical services segment is expected to be the fastest growing segment in the geophysical services market segmented by type, at a CAGR of 3.9% during 2021-2026.
The architectural, engineering consultants and related services market is also segmented by application into road, rail, port, airport, pipeline, power, other applications. The other applications segment was the largest segment of the architectural, engineering consultants and related services market segmented by application, accounting for 54.3% of the total in 2021. Going forward, airport segment is expected to be the fastest growing segment in the architectural, engineering consultants and related services market segmented by application, at a CAGR of 7.2% during 2021-2026.
The architectural, engineering consultants and related services market is also segmented by service provider into large enterprise, and small and medium enterprise. The large enterprise segment was the largest segment of the architectural, engineering consultants and related services market segmented by service provider, accounting for 54.2% of the total in 2021. Going forward, small and medium enterprise segment is expected to be the fastest growing segment in the architectural, engineering consultants and related services market segmented by service provider, at a CAGR of 5.9% during 2021-2026.
Western Europe was the largest region in the architectural, engineering consultants and related services market, accounting for 33.1% of the total in 2021. It was followed by the North America, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the architectural, engineering consultants and related services market will be Asia Pacific and Western Europe where growth will be at CAGRs of 6.5% and 5.2% respectively during 2021-2026. These will be followed by North America and Africa, where the markets are expected to register CAGRs of 4.3% and 4.2% respectively during 2021-2026.
The architectural, engineering consultants and related services market is highly concentrated with a small number of large players dominating the market. The top ten competitors in the market made up to 3.57% of the total market in 2021. PowerChina was the largest competitor with 1.05% of the market, followed by AECOM with 0.63%, WSP Global Inc with 0.43%, SNC-Lavalin with 0.38%, Jacobs Engineering Group with 0.31%, John Wood Group PLC with 0.24%, Stantec Inc. with 0.19%, Fluor Corp with 0.16%, Bechtel Corporation with 0.14% and IBI Group Inc with 0.02%.
The top opportunities in the architectural, engineering consultants and related services market segmented by type will arise in engineering services segment, which will gain $274.0 billion of global annual sales by 2026. The top opportunities in the engineering services market segmented by type will arise in civil engineering services segment, which will gain $122.5 billion of global annual sales by 2026. The top opportunities in the architectural services market segmented by type will arise in building and structural architectural services segment, which will gain $45.6 billion of global annual sales by 2026. The top opportunities in the geophysical services market segmented by type will arise in geophysical data collection segment, which will gain $0.5 billion of global annual sales by 2026. The top opportunities in the architectural, engineering consultants and related services market segmented by application will arise in other applications segment, which will gain $146.2 billion of global annual sales by 2026. The top opportunities in the architectural, engineering consultants and related services market segmented by service provider will arise in small and medium enterprise segment, which will gain $195.7 billion of global annual sales by 2026. The architectural, engineering consultants and related services market size will gain the most in the USA at $88.9 billion.
Market-trend-based strategies for the architectural, engineering consultants and related services market include focus on opting for virtual offices, focus on “carbon neutral” buildings, focus on artificial intelligence, focus on sustainable architecture, focus on investing in modular design, focus on extensive use of Computer-Aided Design (CAD) and focus on improved connectivity.
Player-adopted strategies in the architectural, engineering consultants and related services market include enhancing business operations through securing new contracts, focus on delivering impactful and high-quality solutions through strategic contracts, expanding business opportunities through collaborations and joint ventures and focus on delivering innovative and sustainable solutions.
To take advantage of the opportunities, the publisher recommends the architectural, engineering consultants and related services companies to shift towards virtual architectural firms, focus on carbon neutral buildings, use artificial intelligence (AI), focus on modular designs, expand in emerging markets, offer competitive pricing, continue to participate in events and conferences and focus on fast-growing applications.
The global architectural, engineering consultants and related services market reached a value of nearly $1,290.1 billion in 2021, having increased at a compound annual growth rate (CAGR) of 2.4% since 2016. The market is expected to grow from $1,290.1 billion in 2021 to $1,650.9 billion in 2026 at a rate of 5.1%. The market is then expected to grow at a CAGR of 4.0% from 2026 and reach $2,010.1 billion in 2031.
Growth in the historic period in the architectural, engineering consultants and related services market resulted from rise in demand for environmentally safe and certified buildings, strong economic growth in emerging markets, rise in construction activity, globalization and rise in domestic manufacturing. The market was restrained by outbreak of coronavirus disease (covid-19), shortages of skilled workers, rising material costs and geo-political tensions.
Going forward, technological advances, increasing infrastructure development expenditure by governments, green construction and rise in disposable income will drive the market in future. Factors that could hinder the growth of the market in the future include rising costs and decreasing margins and lack of skilled workers.
The architectural, engineering consultants and related services market is segmented by type into engineering services, architectural services, surveying & mapping services, geophysical services, laboratory testing services and building inspection services and drafting services. The engineering services segment was the largest segment of the engineering services market segmented by type, accounting for 76.4% of the total in 2021. Going forward, the architectural services segment is expected to be the fastest growing segment in the architectural, engineering consultants and related services market segmented by type, at a CAGR of 5.5% during 2021-2026.
The engineering services market is segmented by type into civil engineering services, electrical engineering services, mechanical engineering services and other engineering services. The civil engineering services segment was the largest segment of the engineering services market segmented by type, accounting for 50.9% of the total in 2021. Going forward, the other engineering services segment is expected to be the fastest growing segment in the engineering services market segmented by type, at a CAGR of 6.4% during 2021-2026.
The architectural services market is segmented by type into landscape architectural services and building and structural architectural services. The building and structural architectural services segment was the largest segment of the architectural services market segmented by type, accounting for 90.0% of the total in 2021. Going forward, the building and structural architectural services segment is expected to be the fastest growing segment in the architectural services market segmented by type, at a CAGR of 5.7% during 2021-2026.
The geophysical services market is segmented by type into geophysical data collection; geophysical data sales; integrated geophysical services and other geophysical services. The geophysical data collection segment was the largest segment of the geophysical services market segmented by type, accounting for 52.0% of the total in 2021. Going forward, the other geophysical services segment is expected to be the fastest growing segment in the geophysical services market segmented by type, at a CAGR of 3.9% during 2021-2026.
The architectural, engineering consultants and related services market is also segmented by application into road, rail, port, airport, pipeline, power, other applications. The other applications segment was the largest segment of the architectural, engineering consultants and related services market segmented by application, accounting for 54.3% of the total in 2021. Going forward, airport segment is expected to be the fastest growing segment in the architectural, engineering consultants and related services market segmented by application, at a CAGR of 7.2% during 2021-2026.
The architectural, engineering consultants and related services market is also segmented by service provider into large enterprise, and small and medium enterprise. The large enterprise segment was the largest segment of the architectural, engineering consultants and related services market segmented by service provider, accounting for 54.2% of the total in 2021. Going forward, small and medium enterprise segment is expected to be the fastest growing segment in the architectural, engineering consultants and related services market segmented by service provider, at a CAGR of 5.9% during 2021-2026.
Western Europe was the largest region in the architectural, engineering consultants and related services market, accounting for 33.1% of the total in 2021. It was followed by the North America, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the architectural, engineering consultants and related services market will be Asia Pacific and Western Europe where growth will be at CAGRs of 6.5% and 5.2% respectively during 2021-2026. These will be followed by North America and Africa, where the markets are expected to register CAGRs of 4.3% and 4.2% respectively during 2021-2026.
The architectural, engineering consultants and related services market is highly concentrated with a small number of large players dominating the market. The top ten competitors in the market made up to 3.57% of the total market in 2021. PowerChina was the largest competitor with 1.05% of the market, followed by AECOM with 0.63%, WSP Global Inc with 0.43%, SNC-Lavalin with 0.38%, Jacobs Engineering Group with 0.31%, John Wood Group PLC with 0.24%, Stantec Inc. with 0.19%, Fluor Corp with 0.16%, Bechtel Corporation with 0.14% and IBI Group Inc with 0.02%.
The top opportunities in the architectural, engineering consultants and related services market segmented by type will arise in engineering services segment, which will gain $274.0 billion of global annual sales by 2026. The top opportunities in the engineering services market segmented by type will arise in civil engineering services segment, which will gain $122.5 billion of global annual sales by 2026. The top opportunities in the architectural services market segmented by type will arise in building and structural architectural services segment, which will gain $45.6 billion of global annual sales by 2026. The top opportunities in the geophysical services market segmented by type will arise in geophysical data collection segment, which will gain $0.5 billion of global annual sales by 2026. The top opportunities in the architectural, engineering consultants and related services market segmented by application will arise in other applications segment, which will gain $146.2 billion of global annual sales by 2026. The top opportunities in the architectural, engineering consultants and related services market segmented by service provider will arise in small and medium enterprise segment, which will gain $195.7 billion of global annual sales by 2026. The architectural, engineering consultants and related services market size will gain the most in the USA at $88.9 billion.
Market-trend-based strategies for the architectural, engineering consultants and related services market include focus on opting for virtual offices, focus on “carbon neutral” buildings, focus on artificial intelligence, focus on sustainable architecture, focus on investing in modular design, focus on extensive use of Computer-Aided Design (CAD) and focus on improved connectivity.
Player-adopted strategies in the architectural, engineering consultants and related services market include enhancing business operations through securing new contracts, focus on delivering impactful and high-quality solutions through strategic contracts, expanding business opportunities through collaborations and joint ventures and focus on delivering innovative and sustainable solutions.
To take advantage of the opportunities, the publisher recommends the architectural, engineering consultants and related services companies to shift towards virtual architectural firms, focus on carbon neutral buildings, use artificial intelligence (AI), focus on modular designs, expand in emerging markets, offer competitive pricing, continue to participate in events and conferences and focus on fast-growing applications.
Frequently Asked Questions about the Global Architectural, Engineering Consultants And Related Services Market
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Report Attribute | Details |
---|---|
No. of Pages | 446 |
Published | November 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD
| USD 1290.1 Billion |
Forecasted Market Value ( USD
| USD 2010.1 Billion |
Compound Annual Growth Rate | 4.5% |
Regions Covered | Global |
Table of Contents
1. Architectural, Engineering Consultants And Related Services Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction and Market Characteristics
7. Product/Service Analysis - Product/Service Examples
8. Supply Chain Analysis
9. Customer Information
10. Major Market Trends
11. Global Architectural, Engineering Consultants And Related Services Market Size And Growth
12. Architectural, Engineering Consultants And Related Services Market, Regional Analysis
13. Global Architectural, Engineering Consultants And Related Services Market Segmentation
14. Architectural, Engineering Consultants And Related Services Market Segments
15. Global Architectural, Engineering Consultants And Related Services Market Comparison with Macro Economic Factors
16. Asia-Pacific Market
17. Western Europe Market
18. Eastern Europe Market
19. North America Market
20. South America Market
21. Middle East Market
22. Africa Market
23. Competitive Landscape and Company Profiles
24. Key Mergers And Acquisitions In The Architectural, Engineering Consultants And Related Services Market
25. Market Background: Design, Research, Promotional And Consulting Services Market Characteristics
26. Global Architectural, Engineering Consultants And Related Services Market Opportunities And Strategies
27. Architectural, Engineering Consultants And Related Services Market, Conclusions And Recommendations
28. Appendix
Executive Summary
Architectural, Engineering Consultants And Related Services Global Market Opportunities And Strategies To 2031 from the publisher provides the strategists; marketers and senior management with the critical information they need to assess the global architectural, engineering consultants and related services market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50 geographies
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates
- Create regional and country strategies on the basis of local data and analysis
- Identify growth segments for investment
- Outperform competitors using forecast data and the drivers and trends shaping the market
- Understand customers based on the latest market research findings
- Benchmark performance against key competitors
- Utilize the relationships between key data sets for superior strategizing
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest growing market for architectural, engineering consultants and related services? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The architectural, engineering consultants and related services market global report from the publisher answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider architectural, engineering consultants and related services market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, defintions and explanations about the architectural, engineering consultants and related services market
- Product Analysis - The product analysis section of the report describes the leading products in the market along with key features and differentiators for those products
- Supply Chain - The supply chain section of the report defines and explains the key players in the architectural, engineering consultants and related services industry supply chain
- Customer Information - This chapter covers recent customers’ trends/preferences in the global architectural, engineering consultants and related services market
- Key Trends - Highlights the major trends shaping the global architectural, engineering consultants and related services market. This section also highlights likely future developments in the market
- Global Market Size and Growth - Global historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods
- Regional Analysis - Historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values and growth and market share comparison by region
- Market Segmentation - Contains the market values (2016-2031) and analysis for each segment by type, by application, and by service provider, in the market
- Regional Market Size and Growth - Regional market size (2021), historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and growth and market share comparison of countries within the region. This report includes information on the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years
- Market Background - This section describes the design, research, promotional and consulting services market of which the architectural, engineering consultants and related services market is a segment. This chapter includes the design, research, promotional and consulting services market 2016-26 values, and regional analyses for the design, research, promotional and consulting services market
- Market Opportunities And Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets
- Conclusions And Recommendations - Includes recommendations for architectural, engineering consultants and related services providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report
Scope
Markets Covered:
- 1) By Type: Engineering Services; Architectural Services; Surveying & Mapping Services; Geophysical Services; Laboratory Testing Services; Building Inspection Services; Drafting Services
- a) By Engineering Services: Civil Engineering Services; Electrical Engineering Services; Mechanical Engineering Services; Other Engineering Services
- b) By Architectural Services: Landscape Architectural Services; Building And Structural Architectural Services
- c) By Geophysical Services: Geophysical Data Collection; Geophysical Data Sales; Integrated Geophysical Services; Other Geophysical Services
- 2) By Application: Road; Rail; Port; Airport; Pipeline; Power; Other Applications
- 3) By Service Provider: Large Enterprise; Small And Medium Enterprise
Countries: Australia; China; Bangladesh; India; Indonesia; Japan; South Korea; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; architectural, engineering consultants and related services indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
A selection of companies mentioned in this report includes:
- PowerChina
- AECOM
- WSP Global Inc.
- SNC-Lavalin
- Jacobs Engineering Group
Methodology
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