The Architectural, Engineering Consultants And Related Services by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Architectural, Engineering Consultants And Related Services, The architectural, engineering consultants and related services market size has grown steadily in recent years. It will grow from $1512.86 billion in 2023 to $1576.06 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to rise in demand for environmentally safe and certified buildings, strong economic growth in emerging markets, rise in construction activity, globalization and government subsidies and funding..
The architectural, engineering consultants and related services market size is expected to see steady growth in the next few years. It will grow to $1850.76 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to faster economic growth, increasing investment in smart cities, increasing infrastructure development expenditure by governments, and green construction. Major trends in the forecast period include faster economic growth, increasing investment in smart cities, increasing infrastructure development expenditure by governments, and green construction.
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 fulfil 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%.
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The architectural, engineering consultants and related services market covered in this report is segmented –
1) By Type: Engineering Services, Architectural Services, Surveying & 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
Sub segments: Civil Engineering Services, Electrical Engineering Services, Mechanical Engineering Services, Other Engineering Services, Landscape Architectural Services, Building And Structural Architectural Services, Geophysical Data Collection, Geophysical Data Sales, Integrated Geophysical Services, Other Geophysical Services
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 modelling (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.
The architectural, engineering consultants and related services market report table of contents includes:
1. Executive Summary
2.Architectural, Engineering Consultants And Related Services Market Characteristics
3.Architectural, Engineering Consultants And Related Services Market Trends And Strategies
4.Architectural, Engineering Consultants And Related Services Market analysis
5.Architectural, Engineering Consultants And Related Services Market Size And Growth
6.Architectural, Engineering Consultants And Related Services Segmentation
7.Architectural, Engineering Consultants And Related Services Regional And Country Analysis
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27.Architectural, Engineering Consultants And Related Services Competitive Landscape And Company Profiles
28.Architectural, Engineering Consultants And Related Services Key Mergers And Acquisitions
29.Architectural, Engineering Consultants And Related Services Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Downer EDI Limited
- WSP Global Inc.
- John Wood Group PLC
- Jacobs Engineering Group Inc.
- Fluor Corporation
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