The Europe Architectural Services Market would witness market growth of 4.6% CAGR during the forecast period (2021-2027). The increasing adoption of 3d printing is contributing to boost the growth of market. 3D printing for architecture is an increasing application of additive manufacturing. Implementation of 3D printing in architecture brings an easy way to touch and feeling representation in on-screen visualization. The technology is swiftly spreading, and the cost is also decreasing. It is gradually becoming the new medium for project presentation with considerable savings and its turnaround time varies from hours to days.
The architecture industry experts must procure new knowledge and skills. This is due to the fact that these skills help in ensuring efficient business performance and management. The use of geographic information systems (GIS), Building information modeling (BIM), remote sense, Big-data solutions ensure effective management in the new market conditions (client’s demands). The market growth is hindered due to the low availability of resources for these skills.
It is well known that the United Kingdom has a history of rich architecture ranging from landmark heritage buildings to outstanding new contemporary designs. As per the UK Construction Online in the United Kingdom, in the upcoming decades, the population of London alone is anticipated to increase by more than 1 million, and thus about 40,320 new homes need to be constructed per year. It is likely that one hundred thousand new homes will be built by the end of 2021. This increasing construction activity is expected to contribute to the growth of the architectural services market.
Architects in the UK now prefer to have collaboration on projects and it proved to have great success. Many such collaborative endeavours include project planning and adoption of concept design, 3D modeling, managing information, by using BIM (Building Information Modelling), especially in residential infrastructure design. This will boost the need for architectural services and contribute to the growth of the market in this region.
The Germany market dominated the Europe Interior Design Services Architectural Services Market by Country 2020, thereby, achieving a market value of $3,116.1 million by 2027. The UK market is experiencing a CAGR of 5.5% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 7% during (2021 - 2027).
Based on Service Type, the market is segmented into Construction & Project Management Services, Architectural Advisory Services, Interior Design Services, Urban Planning Services, Engineering Services and Others. Based on End User, the market is segmented into Industrial, Government, Healthcare, Residential, Retail, Hospitality, Education and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Architectural Services Market Size will Hit $470 Billion by 2027, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AECOM, IBI Group, Inc., Foster + Partners Group Limited, Gensler, HKS, Inc., PCL Industrial Constructors, Inc., HDR, Inc., HOK Group, Inc., DP Architects Pte. Ltd., and Aedas.
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