Press Release
Press Release
Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
According to a new report by EMR titled, ‘Global Architectural Services Market Report and Forecast 2021-2026’, the market attained a value of about USD 335 billion in 2020. The industry is further expected to grow at a CAGR of 4.4% in the forecast period of 2021-2026 to reach a value of approximately USD 432 billion by 2026.
The Asia Pacific region is expected to witness a significant rate of urbanisation in the next two decades. The governments in the Asia Pacific region are embracing smart city technologies like the internet of things, cloud computing, and big data to expand, improve, and automate data collection and analysis for mass surveillance. Moreover, the integration of technology like 3D printing has made the infrastructure process more efficient. The multifamily property market in the United States is expected to be propelled by high levels of development activity and strong market demand, necessitating an increase in architectural activities.
In April 2021, AECOM launched Sustainable Legacies, a strategy for achieving ambitious environmental, social, and governance (ESG) goals. This strategy is expected to help incorporate sustainable development and resilience in the company, improve community social outcomes, reach net-zero carbon emissions, and improve governance. The efforts to drive the industry towards sustainability will further improve the market growth as it is compliant with the new industry standards. In addition, AECOM (NYSE: ACM), a leading market player, announced in May 2017, its partnership with Chinese 3D printing company WinSun, also known as Yingchuang Building Technique. All these developments in the industry are expected to boost the market growth over the forecast period.
Market Analysis by Service Type, End-User, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global market for architectural services are AECOM, Aedas, DP Architects Pte Ltd, Foster and Partners, Gensler, and HKS Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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