The Architectural, Engineering Consultants And Related Services Global Market Report 2023 by The Business Research Company, provides architectural, engineering consultants and related services market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The Architectural, Engineering
Consultants And Related Services Market:
According to The
Business Research Company’s Architectural, Engineering Consultants And Related
Services Global Market Report 2023, the market grew from $1,456.69 billion in
2022 to $1,525.79 billion in 2023 at a compound annual growth rate (CAGR) of
4.7%. The Russia-Ukraine war disrupted the chances of global economic recovery
from the COVID-19 pandemic, at least in the short term. The war between these
two countries has led to economic sanctions on multiple countries, surge in
commodity prices, and supply chain disruptions, and affecting many markets
across the globe. The market size of global architectural, engineering
consultants and related services market is expected to grow from $1,773.06
billion in 2027 at a CAGR of 3.8%.
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 an 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.
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The architectural,
engineering consultants and related services market is segmented:
1) By Type:
Engineering Services, Architectural Services, Surveying & Mapping Services,
Geophysical Services, Laboratory Testing Services, Building Inspection
Services, Drafting Services
2) By
Application: Road, Rail, Port, Airport, Pipeline, Power, Other Applications
3) By Service
Provider: Large Enterprise, Small and Medium Enterprise
Architectural and
engineering consultants are using 5D building information modelling (BIM) to
create dynamic building designs that can be altered at later stages of the
project. 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. 5D building information modelling (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, and 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 litigation.
The architectural, engineering consultants and related services market
report table of contents includes:
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
.
25. Market Background: Design, Research, Promotional And Consulting
Services Market Characteristics
26. Opportunities And Strategies
27. Architectural, Engineering Consultants And Related Services Market,
Conclusions And Recommendations
28. Appendix
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