Architects in the US - Industry Market Research Report

Architects in the US - Industry Market Research Report

  • July 2021 •
  • 40 pages •
  • Report ID: 499719 •
  • Format: PDF
Soundly built: Increased access to credit, per capita disposable income and corporate profit are projected to support steady demand for architectural services

Abstract

Architects in the US
The Architects industry derives the bulk of its revenue from nonresidential building design. Revenue is generated in large part from fee-based contracts for pre-planning and design services related to construction and building projects. The construction market has been the principal driver for revenue growth over the five years to 2019. Furthermore, the values of both nonresidential and residential construction have expanded over the past five years, resulting in an increased need for architectural design services. Alongside low interest rates, rising per capita disposable income and corporate profit have encouraged individuals and companies to invest in new structures that require architectural services. As a result, industry revenue has increased during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise as operators will likely continue to benefit from demand from nonresidential and residential construction projects.

Operators in the Architects industry plan and design residential, institutional, recreational, commercial and industrial buildings and structures by applying their knowledge of design, construction procedures, zoning regulations, building codes and building materials.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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