How Is The Architectural, Engineering Consultants And Related Services Market Segmented?
The architectural, engineering consultants and related services market covered in this report is segmented –
1) By Type: Engineering Services, Architectural Services, Surveying And Mapping Services, Geophysical Services, Laboratory Testing Services, Building Inspection Services, Drafting Services
2) By Service Provider: Large Enterprise, Small And Medium Enterprise
3) By Application: Road, Rail, Port, Airport, Pipeline, Power, Other Applications
Subsegments:
1) By Engineering Services: Civil Engineering Services, Structural Engineering Services, Mechanical Engineering Services, Electrical Engineering Services, Environmental Engineering Services
2) By Architectural Services: Architectural Design, Urban Planning, Interior Design, Landscape Architecture
3) By Surveying And Mapping Services: Land Surveying, Geodetic Surveying, Construction Surveying, Aerial Surveying
4) By Geophysical Services: Seismic Surveys, Magnetic Surveys, Ground Penetrating Radar (GPR)
5) By Laboratory Testing Services: Material Testing, Environmental Testing, Structural Testing
6) By Building Inspection Services: Pre-Purchase Inspections, Code Compliance Inspections, Quality Assurance Inspections
7) By Drafting Services: CAD Drafting, 3D Modeling, Technical Drawing Services
What Is Driving The Architectural, Engineering Consultants And Related Services Market? Environmental Sustainability Driving Growth In Architecture And Engineering Services
The rise in demand for environmentally safe and certified buildings is expected to drive the architecture and engineering services market. Consumers, state governments, and NGOs are working towards making residential and commercial buildings more energy-efficient and self-sufficient. Private constructors and real estate developers are redesigning projects to fulfill these demands, leading to many benefits such as an increase in rental and resale value, home-owner satisfaction, lower operating costs, and regional or international recognition. The US Green Building Council launched the Leadership in Energy and Environmental Design (LEED) certification program to establish a set of rating systems that define the construction, design, and maintenance of residential projects. According to a study by the US Green Building Council (USGBC), LEED-certified buildings have managed to reduce carbon, energy, waste, and water waste by almost 30–97% and operating costs by more than 9%.
What Is Driving The Architectural, Engineering Consultants And Related Services Market? Urbanization Drives Demand For Architectural, Engineering Consultants And Related Services
The growing trend of urbanization is expected to boost the growth of the architectural, engineering consultants, and related services market going forward. Urbanization refers to the process by which an increasing proportion of a country's or region's population moves from rural areas to cities or urban centers, resulting in the growth and expansion of urban areas. With the expansion of urban populations, there is a growing need for new infrastructure, including roads, bridges, public transportation systems, water supply, sewage, and utilities. Architectural and engineering consultants are essential in planning, designing, and overseeing these projects. For instance, in July 2022, according to a report published by the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization, the population of the world is anticipated to reach 8 billion people in 2022, up 0.9% from the forecast of 2021. Therefore, the growing trend of urbanization is driving the growth of the architectural, engineering consultants, and related services market.
Who Are The Major Players In The Global Architectural, Engineering Consultants And Related Services Market?
Major companies operating in the architectural, engineering consultants and related services market include Downer EDI Limited, WSP Global Inc, John Wood Group PLC, Jacobs Engineering Group, Inc, Fluor Corporation, Babcock International, Kiewit Corporation, Zaha Hadid Architects, The African Engineering Company (SAFI), Beijing Engineering Corp Ltd, Architecture BRIO, Architecture Discipline, Camargo Correa, Cutler. Architecture, Dutco Balfour Beatty, Zvi Hecker Architekt, Redcon Construction Company, HPP Architects, Power China Kunming Engineering Corp. Ltd, Soned Afrique, Thabimndeni Construction & Projects CC, Mourik General Contractors, WTorre Empreendimentos, BCHO Architects Associates, JSWD Architekten, Construcciones Planificadas, Cabinet of Engineering for Development (CAÏD), Queiroz Galvao, China Construction Engineering Design Group Corp. Ltd, Gensler San Francisco, BDP – Building Design Partnership, ZAS Architects + Interiors Inc, Allford Hall Monaghan Morris, Allies and Morrison, khatib & alami, kadawittfeldarchitektur, Iroje KHM Architects, MRV Engenharia, APEX Project Bureau, Arch-BOX, PTW Architects, JEMS Architekci, Julius Berger Nigeria Plc, Danya Cebus Ltd, HDR Omaha, Lubrik Construction Company, Oiltek Engineering Co. Ltd, La’ Ala Al-Kuwait Real Estate Co, Bechtel Corporation, Aecom, Ingarden & Ewy – Architekci, Polish Architecture, Gulf Coast Electromechanical Company (UAE), Orascom Contstruction, China Architecture Design & Research Group, Andrade Gutierrez, Reynolds Construction Company, NV5, Shikun & Binui, Nakheel, Ecomo, WorleyParsons Limited, CP Kukreja Architects, Zaher Architects, Hager Design International Inc., AF construction, Maki & Associates, Grandio, Oderbrecht, Perkins and Will Chicago, Al Habtoor Group LLC, Ashtrom Group Ltd, Eco-Beam, Sou Fujimoto Architects, Design Plus Architects, Arabian Bemco Contracting Co, KPMB Architects, Al Rashid Trading & Contracting Co, Al Rajhi Hydraulic Center, Harry Seidler & Associates, SalfaCorp, Gav Yam Land Corporation Ltd, Estim Construction Co. Ltd, Foster + Partners, Cadence Architects, Unsangdong Architects, Stantec, KBR, Inc., Turner Construction, Shigeru Ban Architects, Peter Stutchbury Architecture, Marco Casamonti & Partners
What Are The Key Trends Of The Global Architectural, Engineering Consultants And Related Services Market? Innovative Applications Of 5D Building Information Modeling (BIM) In Architectural And Engineering Consultancy
Architectural and engineering consultants are using 5D building information modeling (BIM) to create dynamic building designs that can be altered at later stages of the project. BIM software is a tool used to design buildings and structures, including lighting, HVAC systems, and mechanical, electrical, and plumbing systems. It can also be used for clash detection, cost estimation, and safety analysis. 5D building information modeling (BIM) involves creating architectural designs that can be modified and customized in real-time. This system collects data from different project teams and helps collaborate with the entire construction chain, eliminating project delays. For instance, construction management company The Korte Company is using 5D BIM technology for project design, planning, and cost estimation, thereby enabling faster decision-making. The Maharashtra Metro Rail Corporation in the Indian state of Maharashtra is using 5D BIM in its construction projects worth $3 billion to reduce costs and litigation.
What Are The Key Trends Of The Global Architectural, Engineering Consultants And Related Services Market? Development Of Products To Drive The Revenues Of Architectural, Engineering Consultants And Related Services Market
Major companies operating in the architectural, engineering consultants, and related services market are developing new products such as partner diversity consulting programs to meet larger customer bases, more sales, and increase revenue. A partner diversity consulting program is a service provided by consulting firms that specialize in diversity, equity, and inclusion (DEI) strategies. For instance, in March 2023, HKS Inc., a US-based Architectural services provider, launched HKS xBE, a new partner diversity program, that provides xBE firms (a phrase that includes all disadvantaged businesses) and their members with access to chances to network, look for new jobs, and foster innovation within the architectural and design professions. The unique parts make up the program with xBE Rise, a 12-week seminar, and xBE Network, which attempts to diversify the firm's numerous relationships for architecture and design projects.
Regional Outlook For The Global Architectural, Engineering Consultants And Related Services Market
Western Europe was the largest region in the architectural, engineering consultants and related services market in 2024. North America was the second largest region in the architectural, engineering consultants and related services market. The regions covered in the architectural, engineering consultants and related services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the architectural, engineering consultants and related services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, 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
What Defines the Architectural, Engineering Consultants And Related Services Market?
The architecture, engineering, and other related services market consists of revenue earned by entities by providing support to the planning and designing of construction-related businesses of all sizes across all industries. Business entities that are engaged in providing architecture, engineering, and other related services are generally referred to as architectural firms or engineering consultancy firms. Architecture, engineering, and related services undertake processes where human capital is the major input. They make available the knowledge and skills of their employees, often on an assignment basis, where an individual or team is responsible for the delivery of services to the client. 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.
How is Market Value Defined and Measured?
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.
What is the Market Assessment and Strategic Outlook for the Architectural, Engineering Consultants And Related Services Industry?
The global architectural, engineering, and related services market research report is one of a series of new reports from The Business Research Company that provides global architectural, engineering, and related services market statistics, including global architectural, engineering, and related services industry global market size, regional shares, competitors with a global architectural, engineering, and related services market share, detailed global architectural, engineering, and related services market segments, market trends and opportunities, and any further data you may need to thrive in the global architectural, engineering, and related services industry. This global architectural, engineering, and related services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
