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The global architecture, engineering consultants and other related services market size is expected to reach $1.7 trillion by 2022, significantly growing at a CAGR of around 6% during the forecast period.
Architectural, Engineering Consultants And Related Services Market Trends:
The architecture, engineering consultants and other related services (A,EC & related services) market consists of the sales of A,EC & related services goods and services by entities (organizations, sole traders and partnerships) that provide 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 consultants and other related services are generally referred to as architectural firms or engineering consultancy firms. Architecture, engineering consultancy 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.
Architectural/Engineering services landscape is changing rapidly due to the global sourcing opportunities and increasing internet penetration. Online crowd sourcing enables customers to submit requirements online and architectural, engineering service providers to send design ideas and plans to customers directly. Once the customer select a plan and design, they receive further customization based on their specific requirements. For instance, Arcbazar and competition line offers architectural services to customers online through its crowd sourcing platform.
The global Architectural, Engineering Consultants And Related Services market is primarily driven by increase in smart cities, rising demand for environmentally friendly building and technology development.
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The global Architectural, Engineering Consultants And Related Services market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increase in economic growth, rapid urbanization and globalization, the global Architectural, Engineering Consultants And Related Services market is expected to increase in potential and scope. TBRC’s report also covers the Architectural, Engineering Consultants And Related Services drivers and restraints in the market.
The global Architectural, Engineering Consultants And Related Services market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global Architectural, Engineering Consultants And Related Services market report are Bechtel Corporation, AECOM, Jacobs Engineering Group Inc., Gensler, CH2M HILL Inc.
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