Architectural Services Global Market Report 2024

The architectural services market size has grown strongly in recent years. It will grow from $192.53 billion in 2023 to $205.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. During the historical period, the increase in emerging market economies, heightened construction endeavors, rising disposable incomes, and augmented governmental backing contributed significantly to the overall growth.

The architectural services market size is expected to see strong growth in the next few years. It will grow to $263.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. Forecasted growth is fueled by increased government infrastructure spending, rapid urbanization, population growth, and the rise of smart cities. Key trends include digital commerce architecture, architectural apps, 3D printing adoption, technological advancements, blockchain integration for efficiency and security, partnerships for expansion, and exploration of metaverse architecture.

The architectural services market is poised for growth due to a rising demand for construction activities. Construction involves assembling various components to create structures based on detailed designs and plans. The architectural services market plays a crucial role in this process, providing the necessary architectural designs and plans for constructing project structures. Notably, in June 2021, building activities in New Zealand increased by 3.7%, and residential activities rose by 4.3% compared to 2020. In the United States, the value of construction activities surged from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, reflecting a growth rate of 10.2%. This trend underscores the correlation between the increasing demand for construction activities and the growth of the architectural services market.

The architectural services market is anticipated to experience growth driven by the expansion of smart cities. Smart cities leverage advanced technologies and data-driven solutions to enhance urban efficiency, sustainability, and residents' quality of life. Architects are presented with opportunities to create innovative and technologically integrated urban environments in these settings. In November 2021, the US Federal government allocated $500 million for its smart city initiative, aiming to increase the number of smart cities in the country. Similarly, the Indian government increased its allocation for smart cities development from $457 million in FY 2020-21 to $868 million in FY 2021-22. The growing number of smart cities is expected to be a key factor propelling the growth of the architectural services market in the forecast period.

A prominent trend shaping the architectural services market is the integration of technological advancements. Key players within the market are strategically focusing on the development of innovative solutions to enhance their market standing. Notably, in December 2021, COBOD International, a Denmark-based architectural services company, and CEMEX, a Mexico-based counterpart, jointly introduced an advanced 3D concrete printing technology. This groundbreaking approach offers distinctive features, including cost reduction in construction projects, enabling customization and intricate designs of structures, enhancing the production of high-quality elements through precise machine fabrication, and accelerating construction speed while providing a high degree of design freedom in formworks.

Major companies in the architectural services sector are increasingly adopting 3D printing technology to diversify their service portfolios and drive revenue growth. The utilization of 3D printing allows architects to materialize physical models of their designs, offering clients a tangible representation for better visualization and decision-making. For example, in January 2021, Aectual, a Dutch sustainable architecture firm, launched its digital 3D printing platform at the virtual CES (Consumer Electronics Show). Aectual's innovative setup employs a robotic arm with six degrees of freedom, capable of seamless navigation within a full 360° range. Coordinating four such apparatuses enables the company to 3D print across an expansive 500-square-foot area, facilitating the creation of sizable objects and substantial single-piece prints. This strategic embrace of 3D printing exemplifies a concerted effort by architectural services firms to leverage technological advancements for enhanced service offerings and business growth.

In April 2022, IBI Group Inc., a Canadian global design and technology firm, completed the acquisition of RLC Architect PA for an undisclosed sum. This strategic move by IBI Group Inc. is intended to bolster its position in urban environment and infrastructure design, expand into new regions, diversify service offerings, and sustain long-term growth. RLC Architect PA, the acquired entity, is a United States-based company specializing in architecture services.

Major companies operating in the architectural services market report are AECOM, Jacobs Solutions Inc., Fluor Corporation, HOCHTIEF Aktiengesellschaft, Stantec Inc., Arcadis NV, Perkins Eastman, HDR Inc., Gensler, Architecture BRIO, Cadence Architects, CP Kukreja Architects, Design Plus Architects, Ramboll Studio Dreiseitl, PTW Architects, Harry Seidler and Associates, Peter Stutchbury Architecture, Shigeru Ban Architects, Sou Fujimoto Architects, Maki and Associates, Unsangdong Architects, BCHO Architects Associates, Iroje KHM Architects, China Construction Engineering Design Group Corp. Ltd., Beijing Engineering Corp Ltd., Power China Kunming Engineering Corp. Ltd., China Architecture Design and Research Group, Mim Design, SHNAG Architects, Foster + Partners, BDP – Building Design Partnership, Zaha Hadid Architects, Allford Hall Monaghan Morris, Allies and Morrison, Kadawittfeldarchitektur, JSWD Architekten, HPP Architects, Henning Larsen, Marco Casamonti and Partners, Architect Service S.R.L., 2A architectural atelier, Digital Bunch sp. Z o. O., Viscato, O4 Coworking, Business Link, SsamireiArt, MAParchitects, Cutler. Architecture, Hager Design International Inc., KPMB Architects, ZAS Architects + Interiors Inc., NV5, Kiewit Corporation, Bechtel, Aecom, HDR Omaha, Novaworks, Nidolab Arquitectura, TSyA S.A., Arqueprima, Arquiefil Isay Weinfeld, Zaher Architects, Saudi Architects, LACASA, Killa Design, RMJM, Peerutin Architects, Hofman Architects, Integrated Design Consultants, Dalia Sadany Dezines.

Asia-Pacific was the largest region in the architectural services market in 2023. The regions covered in the architectural services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the architectural services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary categories within architectural services include advisory services, construction and project management, engineering, interior design, urban planning, and additional specialized services. Advisory services within architecture involve the design, drafting of construction documents, and overseeing construction processes. These services cater to a diverse range of clients across sectors such as education, government, healthcare, hospitality, residential, industrial, retail, and others.

The architectural services market research report is one of a series of new reports that provides architectural services market statistics, including the architectural services industry global market size, regional shares, competitors with an architectural services market share, detailed architectural services market segments, market trends and opportunities and any further data you may need to thrive in the architectural services industry. This architectural services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The architectural services market includes revenues earned by entities by providing services such as designing buildings and other physical structures, rendering services, 3D rendering and real estate rendering. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.