The North America Architectural Services Market would witness market growth of 4.5% CAGR during the forecast period (2021-2027). With the increasing construction activities across various regions, there is growing economic importance of architectural services. Services like designing, consulting, planning, and engineering are playing vital role in any construction project. For both residential and commercial projects, architectural firms help end-users right from the initial phase of the construction process.
It offers blueprints of the designs of the building structure. The adoption of 3D technology is gradually increasing in the architectural services space. Thus, it is evolving as a new mode that presents a unique design-build of the project. This technology has many benefits like saving time & money, and seamlessly integration with in-house CAD applications. Therefore, it adds newer design possibilities and creates better perspectives with visually attractive scaled models. Thus, 3D technology advancement along with sustainability and innovation is expected to emerge as one of the major key growth factors for the market.
The focus on energy-optimization technologies is increasing in developed countries including the US. The need for green planning and architecture has also gained momentum in this region. Thus, it is expected to boost the demand for architectural services in North America. A number of architects have joined the mission of adopting environment-friendly construction practices. For example, Nebraska architecture and engineering & architect firm HDR in August 2019, has announced that they are going to work on rail project that costs about USD 870 million. It will be done at the Californian port of Long Beach, one of the busiest container terminals in the United States. Also, Barbara Bestor of Bestor Architecture in March 2019, is expected to offer customized design services to trust-building tenants. The architect of this company will work with future tenants of the 11-story, 340,000 sq. feet building for designing interior architecture. Such a project in the US is expected to boost the need for architectural services and contribute to the growth of the market in this region.
The US market dominated the North America Residential Architectural Services Market by Country 2020, thereby, achieving a market value of $12,813.7 million by 2027. The Canada market is showcasing a CAGR of 7.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 6.4% during (2021 - 2027).
Based on Service Type, the market is segmented into Construction & Project Management Services, Architectural Advisory Services, Interior Design Services, Urban Planning Services, Engineering Services and Others. Based on End User, the market is segmented into Industrial, Government, Healthcare, Residential, Retail, Hospitality, Education and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Architectural Services Market is Estimated to Reach USD 470 Billion by 2027 at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AECOM, IBI Group, Inc., Foster + Partners Group Limited, Gensler, HKS, Inc., PCL Industrial Constructors, Inc., HDR, Inc., HOK Group, Inc., DP Architects Pte. Ltd., and Aedas.
By Service Type
By End User
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