Dublin, March 10, 2022 (GLOBE NEWSWIRE) -- The "Architectural, Engineering Consultants And Related Services Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global architectural, engineering consultants and related services market is expected to grow from $1290.07 billion in 2021 to $1416.90 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1970.31 billion in 2026 at a CAGR of 8.6%.
Major companies in the architecture, engineering consultants and other related services market include PowerChina, Fluor Corporation, AECOM Technology Corporation, WorleyParsons Limited, McDermott International Inc., Jacobs Engineering Group Inc., John Wood Group PLC, KBR Inc., Babcock International and WSP Global Inc.
The architecture, engineering consultants and other related services (A, EC & related services) market consists of the sales of A, EC & related services and related goods 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 consultants 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 main types of architectural, engineering consultants and related services are engineering services, architectural services, surveying & mapping services, geophysical services, laboratory testing services, building inspection services and drafting services.
Engineering services are defined as those provided for system, assembly, or product deployments that are comparable in material, design, and scope to those stated for this Program. It is used in various applications such as road, rail, port, airport, pipeline, power and others. The different service providers include large enterprise and small and medium enterprise.
Western Europe was the largest region in the architectural, engineering consultants and related services market in 2021. North America was the second largest region in the architectural, engineering consultants and related services market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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 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%.
Architectural and engineering consultants are using 5D building information modeling (BIM) to create dynamic building designs which can be altered at later stages of the project. A 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. A 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, 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 $3 billion to reduce costs and litigations.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Architectural, Engineering Consultants And Related Services Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Architectural, Engineering Consultants And Related Services Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Architectural, Engineering Consultants And Related Services Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Architectural, Engineering Consultants And Related Services Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Architectural, Engineering Consultants And Related Services Market Trends And Strategies
8. Impact Of COVID-19 On Architectural, Engineering Consultants And Related Services
9. Architectural, Engineering Consultants And Related Services Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Architectural, Engineering Consultants And Related Services Market Regional Analysis
10.1. Global Architectural, Engineering Consultants And Related Services Market, 2021, By Region, Value ($ Billion)
10.2. Global Architectural, Engineering Consultants And Related Services Market, 2016-2021, 2021-2026F, 2031F, Historic And Forecast, By Region
10.3. Global Architectural, Engineering Consultants And Related Services Market, Growth And Market Share Comparison, By Region
11. Architectural, Engineering Consultants And Related Services Market Segmentation
11.1. Global Architectural, Engineering Consultants And Related Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Engineering Services
- Architectural Services
- Surveying & Mapping Services
- Geophysical Services
- Laboratory Testing Services
- Building Inspection Services
- Drafting Services
11.2. Global Architectural, Engineering Consultants And Related Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Road
- Rail
- Port
- Airport
- Pipeline
- Power
- Others
11.3. Global Architectural, Engineering Consultants And Related Services Market, Segmentation By Service Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Large Enterprise
- Small and Medium Enterprise
12. Architectural, Engineering Consultants And Related Services Market Segments
12.1. Global Engineering Services Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) - Civil Engineering Services; Electrical Engineering Services; Mechanical Engineering Services; Other Engineering Services
12.2. Global Architectural Services Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) - Landscape Architectural Services; Building And Structural Architectural Services
12.3. Global Surveying & Mapping Services Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) -
12.4. Global Geophysical Services Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) - Geophysical Data Collection; Geophysical Data Sales; Integrated Geophysical Services; Other Geophysical Services
12.5. Global Laboratory Testing Services Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion)
12.6. Global Building Inspection Services Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion)
12.7. Global Drafting Services Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion)
13. Architectural, Engineering Consultants And Related Services Market Metrics
13.1. Architectural, Engineering Consultants And Related Services Market Size, Percentage Of GDP, 2016-2026F, Global
13.2. Per Capita Average Architectural, Engineering Consultants And Related Services Market Expenditure, 2016-2026F, Global
Companies Mentioned
- PowerChina
- Fluor Corporation
- AECOM Technology Corporation
- WorleyParsons Limited
- McDermott International Inc.
- Jacobs Engineering Group Inc.
- John Wood Group PLC
- KBR Inc.
- Babcock International, WSP Global Inc.
For more information about this report visit https://www.researchandmarkets.com/r/bvqpyh
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