Architectural Service Market Size, Share, Growth Analysis, By Service(Architectural Advisory Services, Construction, Project Management Services, Engineering Services), By End-User(Education, Government, Healthcare, Hospitality), By Region - Industry Forecast 2024-2031

Architectural Service Market size was valued at USD 342.6 billion in 2019 and is poised to grow from USD 359.9 billion in 2023 to USD 547.1 billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).

Architectural services generally involve concept design creation, construction document preparation, and construction administration. Architects also offer a wide range of other services, such as feasibility studies, architectural programming, and project management. Rapid urbanisation in emerging nations like India and Brazil is driving more residential and commercial development activity. Furthermore, governments are focusing on implementing affordable housing developments in a variety of nations. This increase in building activity is likely to drive demand for architectural services such as construction and project management services, as well as urban planning, increasing Architectural Service Market growth. Businesses are turning to architectural services including interior design, space planning, and schematic designs to attract more consumers and improve their stay experience. Furthermore, key companies’ focus on improving their operations and client base through strategic collaborations is projected to boost Architectural Service Market growth. Gensler, a worldwide architectural services supplier, announced a partnership with Forge Development Partners in January 2021. As part of this collaboration, Gensler was named chief architect and interior designer for all Forge Development Partners projects. This collaboration aided Gensler in growing its company by catering to Forge projects.

Although the industry is predicted to expand rapidly, the high prices associated with architectural services are expected to be a barrier. Furthermore, the growing shortage of experienced workers and suitable design expertise is impeding industry expansion.

US Architectural Service Market is poised to grow at a sustainable CAGR for the next forecast year.